Loeffler and Perdue, the "Bonnie & Clyde of Political Corruption"




Jon Ossoff is running a good campaign in his Georgia Senate race against Sen. David Perdue. He has been pounding relentlessly on Perdue's questionable stock trades and the Senator's refusal to face him in a public debate. And he certainly knows how to turn a phrase.

New York Times: "Mr. Ossoff voiced a major theme that both Democratic candidates were seeking to exploit: allegations that Ms. Loeffler and Mr. Perdue benefited from questionable stock trades as they learned about the seriousness of the coronavirus pandemic. “We’re running against, like, the Bonnie and Clyde of political corruption in America, who represent politicians who put themselves over the people.”

Perdue and Loeffler have denied any wrongdoing, but there are significant questions about the timing of their stock trading last Spring. We have detailed some of the allegations regarding Perdue here: David Perdue Now Trails Jon Ossoff as Stock Trading Scandal Haunts Incumbent. There have been similar questions about some of Sen. Kelly Loeffler's trades.

HuffPost: "In mid-March, with the American economy in free fall, Jeffrey Sprecher, husband to Sen. Kelly Loeffler (R-Ga.) and chair of the company that owns the New York Stock Exchange, made an unusual change to his stock portfolio: He started buying."
"For weeks, the couple had done almost nothing but sell. Loeffler was one of several senators who faced public outrage for unloading millions of dollars in stock before most Americans understood the towering threat posed by the coronavirus pandemic. Then shortly before the CARES Act, a $2 trillion emergency stimulus package, was introduced in the Senate, her husband reversed course and purchased up to $1 million in new shares, a HuffPost investigation has found."
"The terms of the CARES Act were still mostly a secret, known primarily to Republican senators while members of their party crafted the legislation. But in the days before the bill’s introduction, Sprecher managed to invest in several industries — insurance and energy — that were poised to take advantage of the bill’s very specific provisions."

Democrat Raphael Warnock, who is locked in a very tight race with Loeffler, has also focused his campaign on the incumbent's alleged corruption and the results of both races may hinge on who the state's independents believe. It would be a good bet, however, that Ossoff's "Bonnie and Clyde of political corruption" line will be one that sticks in voters' minds.


#politics #news

By: Don Lam & Curated Content

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