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Jul 16 2022

Pelosis Will Cash In Big on Chip Subsidies

The bigger the government, the greater the opportunity for graft. San Francisco liberalism is the essence of big government. That could be why former Mayor and current Senator Dianne Feinstein is listing a vacation home for $29.9 million. It could also explain why the congresscritter representing San Francisco is so conspicuously corrupt:

House Speaker Nancy Pelosi’s husband Paul bought up to $5 million in stock of a computer chip company ahead of a vote on a bill next week that would hand billions in subsidies to boost chip manufacturing, a financial disclosure shows.

Paul Pelosi purchased 20,000 shares of Nvidia, one of the world’s largest semiconductor companies, on June 17, according to the speaker’s disclosure report released Thursday. Now, senators will convene as early as Tuesday to vote on a bipartisan competition bill, which allocates $52 billion to boost domestic semiconductor manufacturing and gives tax credits for production, Reuters reported Thursday.

How else is Nancy Pelosi to pay for the $24,000 Sub-Zero freezers where she stores her pricey gourmet ice cream?

Meanwhile, these zillionaires are grinding the middle class out of existence between the millstones of taxation and inflation, exactly as founding father of progressivism Vladimir Lenin recommended.

It would be wise to stay off the streets of San Francisco, in case Paul Pelosi wants to celebrate his stock market killing. The same ruling class privilege that protects corruption also enables drunk driving.

On tips from Wiggins, Eddie_Valiant, and Varla.


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2 Responses to “Pelosis Will Cash In Big on Chip Subsidies”

  1. […] Moonbattery discusses Pelosi profiting from chip shortage legislation […]

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