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.
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Too Few Are Telling the Truth
Not long ago, conservative media was not beholden to anyone. Today, most sites are stuck on the Big Tech gravy train.
I’ll keep this short. The rise of Pandemic Panic Theater, massive voter fraud, and other “taboo” topics have neutered a majority of conservative news sites. You’ll notice they are very careful about what topics they tackle. Sure, they’ll attack Critical Race Theory, Antifa, and the Biden-Harris regime, but you won’t see them going after George Soros, Bill Gates, the World Economic Forum, or the Deep State, among others.
The reason is simple. They are beholden to Big Tech, and Big Tech doesn’t allow certain topics to be discussed or they’ll cut you off. Far too many conservative news outlets rely on Google, Facebook, and Twitter for the bulk of their traffic. They depend on big checks from Google ads to keep the sites running. I don’t necessarily hold it against them. We all do what we need to do to survive. I just wish more would do like we have, which is to cut out Big Tech altogether.
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Like I said, I don’t hold other conservative sites under too much scrutiny over their choices. It’s easy for people to point fingers when we’re not the ones paying their bills or supporting their families. I just wish there were more who would break away. Today, only a handful of other major conservative news outlets have broken away from the Big Tech teat. Of course, we need help.
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