U.S. Rep. Nancy Pelosi, D-California, has achieved significant financial gains from her recent investment in Nvidia Corp. (NASDAQ:NVDA), a prominent company in artificial intelligence (AI) and semiconductors. On Nov. 22, Pelosi acquired 50 call options for Nvidia with a strike price of $120, expiring on Dec. 20, 2024. The transaction value ranged between $1 million and $5 million​​. As of early 2024, Pelosi has reportedly made nearly $500,000 from this investment, surpassing her annual governmen
  • JoBo@feddit.uk
    0·
    10 months ago

    I didn’t say GOP voters know how power works.

    And there is barely any difference in the proportion of rich people voting GOP or Dem. 1-2% in the 2020 exit polls. In 2016, Clinton had swings in her favour amongst the very rich, and larger swings against amongst lower income and POC voters. Not because they switched to the GOP but because she gave them no reason to turn out.

    You’re projecting your ideal onto a party which relies on the very wealthy to fund their politics. And they can do that because it is how power works and why they do not want to challenge power.

    Stop confusing the left with the centre. The necessity of the electoral coalition is precisely a result of power, and its ability to silence the left while pandering to the right.

    “For every blue-collar Democrat we lose in western Pennsylvania, we will pick up two moderate Republicans in the suburbs in Philadelphia, and you can repeat that in Ohio and Illinois and Wisconsin.” – Chuck Schumer, 2016

    • tigeruppercut@lemmy.zip
      0·
      10 months ago

      You’re projecting your ideal onto a party which relies on the very wealthy to fund their politics.

      I’m not talking about the rich, because while they wield outsized clout in what their parties do, they’re a tiny percentage of the population and consequently voters. All I’m saying is the vast majority of dem voters (they’re not wealthy and they don’t benefit from the grifting that the majority that the dem pols do) are willing to criticize dems. The opposite is not true–most GOP voters, who also don’t benefit from anything the GOP elected does, will never speak a word against the people in office.

      • JoBo@feddit.uk
        0·
        10 months ago

        Yeah, sure. Wealthy people don’t have any power, even with all those newspapers and TV channels they own, or the politicians relying on them for donations and cushy jobs once they’re out of office.

        I refer you back to the Schumer quote and beg you to wise the fuck up. You cannot understand anything about this world if you do not understand how power works.

        • tigeruppercut@lemmy.zip
          0·
          10 months ago

          Dude I have no fucking idea what you’re talking about. Poor people make up the majority of the country and poor dem voters criticize dem pols. Poor gop voters don’t criticize gop pols. That was the entire meaning of my original comment.