House Speaker Nancy Pelosi has a mountain of problems facing her heading into the Midterm elections.
Now Pelosi has a headache of her own making.
And all hell broke loose when Nancy Pelosi found herself in the middle of this disgusting scandal.
The United States Senate is set to vote on legislation pouring $52 billion into the American semiconductor industry.
This legislation is seen as a bulwark against Communist China and its threat to invade Taiwan, which is the global leader in semiconductor production.
But when the government spends money, the Swamp finds a way to get rich.
And Americans were appalled to learn that just days before the Senate vote is set to occur, Nancy Pelosi’s husband Paul purchased $5 million worth of stock in Nvidia, one of the world’s largest producers of semiconductors.
The Daily Caller reports:
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.
Paul Pelosi’s purchase of millions of dollars worth of stock in a company that stood to benefit from legislation Nancy Pelosi will eventually shepherd through the House of Representatives stunk to high heaven.
Critics slammed the purchase of everything wrong with Washington, D.C.
“Obviously, Speaker Pelosi would be aware of the timing of this legislation over in the Senate,” South Carolina Republican Congressman Ralph Norman said in an interview with the Daily Caller. “On the heels of that vote, for anyone in her orbit to purchase seven-figures worth of stock of an U.S.-based chip manufacturer just reeks of impropriety.”
As Democrats fight an uphill battle to retain the House and Senate this fall, the Party will face an onslaught of criticism over the culture of corruption that Joe Biden, Chuck Schumer, and Nancy Pelosi fostered.
Paul Pelosi’s purchase of stock before a vote on legislation that will benefit that company will only add to the mountain of evidence that the Washington, D.C. Swamp is out of control.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.