The Obamacare “exception” made by the White House for congressional staffers is blatant crony capitalism. It is nothing more than a gift bestowed upon the political class because the law would hit the connected and in some cases powerful on Capitol Hill in the pocketbook. It’s not like these same staffers wrote the Obamacare bill or anything.
Why are so many bills introduced in Congress if only 5% will ever become law? One of the reasons is that these floating bits of legislation can be used to compel companies to give money to politicians.
Remember the STOCK Act? It was the law that passed last year that made it illegal for members of Congress to use inside information to trade in their own accounts.
That’s right, until last year a member of Congress, who knew what regulations were going to impact which industries and/or companies was allowed to trade on this information.
If you or I did what they did regularly we’d go to prison.
In an article entitled Washington, DC, The Land of the Well Educated Rent Seeker, I say that Washington, DC reminds me a lot of the gleaming capital in The Hunger Games movie.