Stock scandal could shift the Senate

Tuesday, March 24, 2020
 | 
Chad Groening (OneNewsNow.com)

Wall StreetA conservative activist is concerned about potential political problems for Republican senators who may have benefitted financially from an early briefing on the danger of the coronavirus.

Four senators -- Republicans Richard Burr of North Carolina, Kelly Loeffler of Georgia, and James Inhofe of Oklahoma, as well as Diane Feinstein of California, a Democrat -- are all under suspicion after reportedly getting a briefing on the growing signs that the coronavirus would be a huge problem before the American people were fully informed. These senators then reportedly unloaded millions of dollars of stock before the financial meltdown.

There are questions about whether these senators violated the STOCK Act, legislation passed in 2012 intended to prevent insider trading by members of Congress and other government officials. Regardless, Gary Bauer of the Campaign for Working Families says politically it looks terrible.

Bauer, Gary (American Values)"If these Republican senators involved in this ended up losing their seats, it would be a disaster. It would mean that the Senate would go back to the Democrats," Bauer warns. "There would be no restrictions on abortion, more restrictions on religious liberty. So any Republican that's being charged with this, if they cannot show that they are innocent of any kind of wrongdoing, they ought to have the decency to step down from their seat and let somebody else be appointed, and by doing that help ensure that the seat won't go to some left-wing Democrat or progressive that will try to undermine everything President Trump and Vice President Pence are doing."

Senators Inhofe and Loeffler will face election challenges in November.

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