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Sunday, December 11, 2011

'Throw Them All Out'

Heritage Foundation description: Peter Schweizer delves into the full story of the inside game in Washington and shows how the permanent political class enriches itself at the expense of the rest of us. Insider trading is illegal on Wall Street, yet it is routine among members of Congress. Normal individuals cannot get in on IPOs at the asking price, but politicians do so routinely. By funneling hundreds of millions of dollars to supporters, even more campaign donations are ensured. An entire class of investors now makes all of its profits based on influence and access in Washington. Having researched mountains of financial records, Schweizer tracks complicated deals and stock trades back to the timing of briefings, votes on bills, and every other point of leverage for politicians in Washington. His conclusion: the permanent political class must go. 

Peter Schweizer is a Research Fellow at the Hoover Institution, Stanford University. From 2008-9 he served as a consultant to the White House Office of Presidential Speechwriting, and he is a former consultant to NBC News. He has written for the New York Times, Wall Street Journal, Los Angeles Times, USA Today, National Review, Foreign Affairs, and elsewhere. His books include The Bushes, Reagan's War, and Do as I Say, Not as I Do.

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