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Vulnerable Virginia Democrat Is Getting Called Out for Stock Portfolio

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Vulnerable Virginia Democrat Is Getting Called Out for Stock Portfolio

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Thank You Brother, Ricin

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“O come, let us worship and bow down: let us kneel before the LORD our maker.”  Psalms 95:6 (KJV) 

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Listen to the article below

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[fusion_dropcap boxed=”no” boxed_radius=”” class=”” id=”” color=”” text_color=””]I[/fusion_dropcap]t turns out that House Speaker Nancy Pelosi and her husband Paul Pelosi aren’t the only ones facing heightened scrutiny over Nvidia stock shares. Rep. Elaine Luria, a particularly vulnerable Democrat representing Virginia’s 2nd Congressional District, has come under fire for owning up to $25 million in Nvidia stocks.

What’s even more damning to Luria is that she has voted in favor of boosting the chips industry, including last Thursday when she voted in favor of the CHIPS and Science Act, which is aimed at boosting the domestic chip manufacturing industry. It’s billed as a way to compete with China, though it will also add an estimated $48 billion to the deficit over five years and by $79 billion through 2031.

State Sen. Jen Kiggans, who is running against Rep. Luria in November, issued a press release on Thursday calling on the congresswoman to sell her stocks, and claiming a failure to do so affects her putting constituents’ needs first.

“Elaine Luria’s vote to provide billions of dollars in subsidies for an industry in which she owns up to $25 million in stocks would be unethical, self-serving, and the latest example of how she will put her bottom line ahead of her constituents’ well-being,” Kiggans said in a statement. “Instead of reforming Washington like she promised on the campaign trail, Elaine has spent her time in Washington playing political games, voting with Nancy Pelosi over 95% of the time, and flip-flopping on everything from accepting corporate PAC donations to raising the minimum wage. If Elaine is serious about reforming Washington, she should lead by example and immediately sell her stocks in the Nvidia Corporation after her vote.”

Kiggans spoke further about other issues affecting the district. “Elaine Luria has used her power to enrich herself by tens of millions of dollars since taking office. But while she has been busy raking in millions, Virginians have been battling an economic recession, 40-year high inflation, and crippling supply-chain and labor shortages. November 8th can’t come soon enough,” she added.

Also mentioned in Kiggans’ press release are poorly-chosen remarks from the congresswoman in an interview from February with Punchbowl News about banning members from trading, something which has had bipartisan support.

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