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On March 20 2020 10:55 Liquid`Drone wrote:
Can this be covered by some type of anti insider-trading law or whatever?
It's absolutely abhorrent morally and if he gets elected, a gross indictment of the voters, but damn, not being reelected isn't sufficient here.
The Stock Act was supposed to prevent insider trading. If anyone can find someone being in violation of this act and the consequences of said violation please let us know because I've found absolutely nothing.
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I think it's a virgin statute and hasn't been used yet. It's codified strangely so its hard to trace.
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also, it's not clear he acted on insider information, no? It's ethically scummy of course but if he just relayed corona news that's not illegal I suppose
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United Kingdom13775 Posts
On March 20 2020 11:02 Blitzkrieg0 wrote:Show nested quote +On March 20 2020 10:55 Liquid`Drone wrote:
Can this be covered by some type of anti insider-trading law or whatever?
It's absolutely abhorrent morally and if he gets elected, a gross indictment of the voters, but damn, not being reelected isn't sufficient here. The Stock Act was supposed to prevent insider trading. If anyone can find someone being in violation of this act and the consequences of said violation please let us know because I've found absolutely nothing.
IIRC the STOCK act was neutered heavily though its run through Congress, such that I bet it doesn't even actually do anything in response to the kinds of things it's supposed to stop.
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I'm going to guess the major issue is proving they sold based on their information. Without an e-mail literally saying "I am selling before the public is told this information because stocks will go down" its unlikely to get a conviction.
Everyone knows they did it, but the law doesn't work like that.
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Northern Ireland23862 Posts
Doubt they’ll even get a slap on the wrist really, at least they can get voted out of office, the system works! /s
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On March 20 2020 11:13 Nyxisto wrote:
also, it's not clear he acted on insider information, no? It's ethically scummy of course but if he just relayed corona news that's not illegal I suppose
I don't think you're intentionally glossing over it, but it isn't as if those laws manifested from thin air. Being grossly unethical for personal profit not being illegal (for the rich and powerful) is intentional.
American politicians are basically the kid in Big Daddy playing cards imo
"what's the name of this game?"
kid: "I win".
EDIT: I guess Feinstein (D) was in on it too btw.
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Just one poll, but apparently a majority of Americans approve of Trump's handling of this pandemic.
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What the actual fuck. How can more people disapprove of him overall than his handling of the virus? It's been a singularly terrible point of his presidency.
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On March 20 2020 22:23 mierin wrote:What the actual fuck. How can more people disapprove of him overall than his handling of the virus? It's been a singularly terrible point of his presidency. Because their not dying like flies yet.
This has yet to explode in the US. his approval can quickly change when it does.
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YouGov also has Trump's approval rating up a bit (6% since the 13-15th polls). It's not entirely surprising. There's something of a rally around the flag effect probably going to happen, and he does seem to be taking it more seriously than he was. As long as you don't watch his press conferences his performance is a lot better. Saying "I'll send checks to every american" is going to help a lot, especially when a lot of republicans and even a few democrats are disagreeing with him.
However, the absolute worst parts haven't happened yet. After we hit depression levels of unemployment and -15% GDP growth, we'll see if it holds up.
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I'd wager it's because he's made plenty of promises of things he'll do, even if they will all (EDIT: well, some) fail to materialize after others convince him to just donate money to the donor class (he will, of course, blame Democrats, even when the Republican Senate votes down the House bills with his proposals in them).
It's also worth noting that the Trump Corona disapproval rates are relatively static-people aren't swapping from "he's doing a bad job" to "he's doing a good job." It's more movement from "uncertain" to "he's doing a good job;" those people are probably reacting more to recent actions than his performance during the early phases. This isn't approving of him announcing cases would be zero in a week or saying it's a Democratic hoax, it's approval of 1) doing a presidential address and 2) actually listening to public health officials for the first time in his administration.
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Folks still think they won’t see local things that shock them to their core. Those people are in for an awful surprise.
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Norway28559 Posts
ya rallying around the flag is pretty common for a crisis situation..
In Norway, the approve/disapprove for the prime minister's handling of corona crisis was at 93%/7%.
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On March 20 2020 22:23 mierin wrote:What the actual fuck. How can more people disapprove of him overall than his handling of the virus? It's been a singularly terrible point of his presidency.
Because they are afraids and want to believe he's a good leader. We have the same in France.
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That's like a nation-wide Stockholm syndrome.
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Northern Ireland23862 Posts
I can imagine it’s partly explicable by the stimulus proposals etc alleviating people’s economic fears, combined with the actual illness breakout really hitting.
Yeah there probably is a rallying around the flag boost too, but for some reason the pandemic doesn’t seem ‘real’ to people even though we have live test cases all over the globe.
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Polls are kinda all over the place. This one is probably the worst numbers ever for Trump. 35% approval rate, 34% on economy, 41% on coronavirus. 62% disapproval. Of course, I've never heard of them before.
https://americanresearchgroup.com/economy/
Of course, it is 16-19th, so a longer time range than the ones showing an uptick. In about a week we'll have better data. Things are moving fast. It has offset the other slight gains in polls Trump got on the 538 tracker
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Northern Ireland23862 Posts
Has anyone heard anything from that Joe Biden fellow lately?
Hell what are the Democrats by and large even doing lately? Even Trump and the GOP are putting in place pretty decisive measures, Bernie’s harnessing his powers and the Bros pretty well for grass roots efforts and PSAs around the pandemic.
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In all honesty there's only so much you can do as the president to stop people. Martial law isn't the answer here, and neither is all out ban. I'm self quarantining myself because I understand the consequences, the issue at hand is other human beings who have no regard for other human beings lives.
Miami my home city is in hysteria but also in this mentality that it doesn't really exist. My father in law literally still goes to work everyday as if nothing is wrong. I get it, he works with one other person, so he thinks he's less likely, but you never know at this point.
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EPT
