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Sen. Scott Brown (R-Mass.) is in the midst of a tough re-election fight, and he's eager to put his best foot forward. Unfortunately for him, there have been a series of incidents -- talking up imaginary phone calls, denying the existence of oil company subsidies he's voted for, "kings and queens" -- that have thrown Brown off track.
Unfortunately for the Republican incumbent, the hits just keep on coming. We learned yesterday, for example, that Brown's "Let America be America" video (which is built on a rather ridiculous lie) is filled with stock footage of Europeans. Oops.
Making matters worse are new revelations about one of Brown's few legislative accomplishments.
It was a rare show of bipartisanship -- President Barack Obama, flanked by Democrats and Republicans in April, signing into law a bill that would ban insider trading on Capitol Hill. The measure, known as the STOCK Act, had passed the House and Senate at warp speed.
Lawmakers proclaimed that the bill, officially called the Stop Trading on Congressional Knowledge Act, would restore trust in government.... But CNN uncovered that the law that members of Congress thought they voted for earlier this year isn't exactly as advertised. A loophole could still allow family members of some lawmakers to profit from inside information.
The point of the bill is to prevent insider trading among lawmakers. It wasn't as strong a bill as it could have been, but overall, the STOCK Act was a step worth taking.
But it turns out, there's a workaround: lawmakers' spouses are exempt. A member of Congress could get inside information, have his or her spouse make investments based on this information, and it would be legal, even under the new law.
Scott Brown ostensibly wrote the legislation, but he now says he didn't know about the loophole. Worse, there's evidence to the contrary.
Massachusetts Republican Scott Brown, the only Republican senator to attend the White House signing ceremony, said he was "obviously very concerned."
"Say I find out some information, I tell my wife and she goes and trades on it, what's the difference?" Brown told CNN.
Good question. The answers is, as a practical matter, there is no difference. Brown's STOCK Act appears to have left some ambiguity, which lawmakers will now exploit.
OK, so maybe the Republican senator was just clumsy. Perhaps someone changed his proposal when he wasn't looking. Maybe Brown opposed the loophole but he lost some control over the direction of the legislation. He could be blamed for incompetent policymaking, which is hardly encouraging, but it's forgivable.
The problem, however, was flagged by David at Blue Mass Group: Brown knew all along that the STOCK Act wouldn't cover spouses' investments. In fact, Brown's office circulated a memo in November, specifically addressing this point. From Q&A in the memo:
Q: Does the Senate STOCK Act cover the spouses of members?
A: No. Spouses of members are outside the scope of the Senate STOCK Act.
So, the GOP senator is now "very concerned" that his major legislative accomplishment does exactly what he said it would do.
Do you ever get the feeling that maybe Scott Brown is in over his head?





I hope Mass. figures out Warren is their only hope of being taken seriously again. The R's are cutting their own throats all over the world, now.
So, someone please answer these questions for me....
Did not Democratic members of the Senate get enraged about this a couple of weeks ago?
Did they not know this bill was written in such a way -- and were they trying to pull the wool over our eyes, too?
Are you interfering with the rabid partisanship that the parties are engaged in? Are you attempting to pull the mask off the Lone Ranger?
We must rally around our chosen campfire and roast the opposition! We must take pride in our arrogance while ignoring our collusion. We must...wait a minute...
(feign) Shock and awe! I did not know my bill had this loophole that I had already acknowledged. I wrote it in good faith-well in hopes of regaining faith for me from "those people".
My dear Mr. Brown, you did just as any congressperson on the right would and many on the left were privately glad that you gave them this out also. The trouble my dear man is you left a trail of evidence proving your deceit.
This open government thingy must end! How can WE the American people trust our own elected officials if their tricks and deceptions are laid bare for all to see?
Two words: Bob Forehead.
Well, at least now all those guys "HAVE" to be good to their spouse as otherwise they might be looking at sleeping on the sofa (in Motel 6). I heard you don't need spouse's signature to open a Swiss bank account.
Then you've got Brown's use of quotes from Eric Dondero (of Libertarian Republican) in his ads abd fundrasing. Dondero's record of Birtherism, well, of craziness like this (also referenced at BMG):
And there is much more of the same -- in recent weeks and days -- in Dondero's record, and oops, someone seems to have found it.
Thanks, your post was funnier than watching slap stick. (the odd thing is some people take such bull seriosly as if we were in some doctor demento universe)
There's someone I know who lives in Hawaii. When I told him about birtherism he looked at me with surprise and said "I know the house he grew up in! This utter nonsense!"
"Do you ever get the feeling that maybe Scott Brown is in over his head?"
Yes, of course. But I also get the feeling he knew exactly what he was doing, and thought he could get away with it. Will he? I'll guess we'll see if the right-wing Noise Machine gets him re-elected against the best candidate the country's had in I can't remember how long.
Not possible. With so little in his head, I'm sure the boyancy will keep him afloat.
After insider new's has been passed on to the lawmaker's spouse, can he/she pass it on to friend's,and family?Who would know?Time for some serious wiretapping around Washington and beyond.It did'nt take Scott Brown long to discover all the little trick's of lawmaker's did it. Come'on Elizabeth.
My question is, are lawmakers actually allowed to tell their spouses, or anyone else, about inside information--related to stocks or anything else? If it's not available to the public at large, it shouldn't be available to anybody without a "need to know," such as staff members. I don't see how revealing this confidential financial information can be any less a violation than sharing defense or military secrets or classified information of any kind.