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The Cannon
- David Bozell
- Sep 4
- 2 min read
Your blast of infotainment from ForAmerica.
Thursday, September 4, 2025
Public Service Shouldn't Make You a Millionaire
Members of the House held a press conference on Wednesday to introduce a bipartisan bill, the Restore Trust in Congress Act, to stop congressional members and their immediate families from trading stocks as they have access to inside information.
Politicians like Nancy Pelosi have made a fortune on the market, nearly tripling the performance of the S&P 500 in 2024. It's absurd to suggest that it was sheer luck or economic expertise that put Pelosi there - she clearly knows something that hedge fund managers don't.
Making millions in office isn't unique to Pelosi, the Democrats, or stock trading. Many members of Congress enjoy a stock trading rabbit's foot. The average member of Congress in both parties outperformed the leading market experts.
Outside of the stock market, recent reporting shows that Rep. Ilhan Omar lied about her net worth. After getting called out, she went on defense, claiming she doesn't "have stock" and "barely has thousands." That wasn't true. We now know that despite her claims, her husband had a net worth of $51K in 2023 and now he's worth around $30 million.
You can tell something is glaringly bad when the fiscal hawk of the right, Rep. Chip Roy, and AOC, the resident communist on the left, can agree to put a stop to it. Pay close attention to who in Congress votes no, and their reasons.
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