Her husband’s Tesla electric car company call options soared this week when Democrat House Speaker Nancy Pelosi pushed a plan for the government to take billions of dollars in taxpayers’ money and hand it over for the benefit of the electric car industry, a Free Beacon report documents.
Article from our news partners at WND News Center.
The rules allow members of Congress and their spouses to buy and sell stock if it is not based on insider information, and they disclose their deals to the House Committee on Ethics.
But the report described Pelosi’s husband, Paul Pelosi, as hitting “pay dirt” because of circumstances that included her advocacy for doling out “tens of billions of dollars in subsidies to the electric vehicle industry, including Tesla, with provisions to build charging stations for cars and incentivize electric car purchases through tax credits.”
The issue already had been in the news, the report said, with Paul Pelosi’s purchase of as much as $1 million in Tesla call options, “one of the largest transactions of Tesla shares disclosed by a member of Congress.”
Even that, the report said, triggered Republican concern that Pelosi was cashing in on her government power.
And now Pelosi is working with the White House on Joe Biden’s massive spending spree that focuses trillions of taxpayer dollars on green projects such as electric car incentives.
The specifics likely will include some $34 billion for zero-emission vehicles, $42 billion in tax credits for people buying electric cars and tens of billions more for construction of charging stations.
The report explained there are other contributing factors to Tesla’s surge in value, which recently reached $1 trillion, including the popularity of the expensive vehicles and Tesla’s newly announced move from California to Texas which has no state income tax.
The issue is part of a larger concern expressed by critics that Pelosi, on a government salary that is lavish but not in the range of billionaires, has managed to accumulate a net worth of hundreds of millions of dollars.
Image by Gage Skidmore from Peoria, AZ, United States of America, CC BY-SA 2.0, via Wikimedia Commons.
Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
JD Rucker
Covid variant BA.5 is spreading. It appears milder but much more contagious and evades natural immunity. Best to boost your immune system with new Z-Dtox and Z-Stack nutraceuticals from our dear friend, the late Dr. Vladimir Zelenko.
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Worse than insider trading is the insider trading done by those who also set the policies that ensure a stock will rise or fall.