How Does The rich Like Trump appointee to The Transportation Dept.Elaine Chao Uses It to Get Richer?
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| Name the rich donkey! |
I am referring to Elaine Chao who is in charge of billions in the Transportation Dept. The bridge, the potholes in the street that don't get the repair, she is in charge of the money to have the states fix these roads. But there is only one company that supplies the asphalt and she owns close to a million dollars in stocks, which grow every time her boss (mention)mentions the word infrastructure. The caveat of these is that she is the wife of Senator Mitchell who is the head of the majority in Congress and without his blessing, no bills will reach a vote and neither would an impeachment from the House of Representatives.
I wrote yesterday talking about why rich people only worry about making more of what they have. I keep asking what one of the owners of a business I used to manage. He would say, How many shirts can I buy? and I only can ride one car at the time.. It makes no sense to become blind of how much you are trying to get if you look at the balance between your family, neighbors, friends, and people in your country.
This woman Chao Who should have never been appointed to the White House because of her husband and the crashing of interests of the companies that she invests and then have deals with representing the people of the USA. Which is a conflict because you can't serve two masters(for those that believe in the bible but haven't read it). You can't be my lawyer and the lawyer of the guy who wants my money... It is that simple. These could not happen before. Have we lost our sense of decency allowing this corruption to go on??
The house as it stands can impeach the President who just said he believes his new friend of North Korea opposite our CIA committed a crime by saying that and saying he would never spy on this killer. But The husband of Mrs. Chao would not remove. We have never ended the war declaration of North Korea so actually Trump committed a crime of_T__________________. You fill it out.
In order for you to commit that crime which the constitution says the President should be removed and emoved the nation has to be on a war declared by Congress. True, President Truman called it a Policing action not war but there has been no cessation of hostilities on paper, so he can still commit crimes against the United States by siding with North Korea..particularly A President who is supposed to protect us from the guy that every day is getting longer-range missiles to reach most cities in the United States. Maybe Trump will make a deal and give his new friend which he loves, Hawaii, Alaska and Puerto Rico in exchange for him to stay cool. and not nuke Florida.
Being rich by most of those 80-90 super billionaires in the world is not enough. They always WANT MORE BECAUSE THEY DON'T WANT MORE SHIRTS OR MORE CARS OR MOE HOUSES. THEY WANT POWER TO CONTROL OTHERS BECAUSE MONEY IS POWER.
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| "He wrote me a letter and we both fell in love with each other" |
Transportation Secretary Elaine Chao came under fire from ethics experts and reporters after The Wall Street Journal revealed Tuesday that she still owns shares in a major construction company that provides materials for road-paving despite pledging to divest from the company in the ethics agreement she signed before her confirmation in early 2017.
"Elaine Chao just threw her hat into the ring for the Trump admin's worst self-enriching action."
—Public Citizen
—Public Citizen
"The road to tyranny is paved with corrupt intentions: Elaine Chao just threw her hat into the ring for the Trump admin's worst self-enriching action—retaining shares in a construction-materials company more than a year after she promised to relinquish them," the consumer advocacy group Public Citizen tweeted in response to the report.
Shares of Vulcan Materials Co. "have risen nearly 13 percent since April 2018, the month in which Ms. Chao said she would be cashed out of the stock, netting her a more than $40,000 gain," the Journal noted. "The shares, now worth nearly $400,000, were paid out to Ms. Chao in April 2018, as deferred compensation for the roughly two years she served on Vulcan's board of directors before being confirmed as secretary of transportation."
Why this matters? @apmreports tracked Vulcan’s stock in 2017. It spiked whenever Chao or @realDonaldTrump talked infrastructure $. apmreports.org/story/2017/09/… Cc: @TMannWSJ
A Department of Transportation spokesperson told the Journal that the 2017 ethics agreement failed to account for Vulcan's compensation policy and the agreement's language "is being clarified to avoid confusion." The spokesperson also said DOT's top ethics official determined that Chao owning the shares does not present a conflict of interest, but the secretary will continue to recuse herself from decisions involving the company—another pledge she made in the agreement.
Walter Shaub, who resigned as director of the Office of Government Ethics in mid-2017 over clashes with the Trump administration, agreed that Chao's ownership of Vulcan shares likely is not a legal conflict of interest but criticized her decision to retain the shares.
"If you look at her ethics agreement, it provides for a complete disentanglement of her interest from Vulcan Materials, and that's what was represented to the Senate," Shaub told the Journal. "For the head of the DOT to have a financial interest in an asphalt company, that is not sending a message to employees of DOT that she is making ethics a priority."
Shaub, who is now a senior adviser at Citizens for Responsibility and Ethics in Washington (CREW), added in a series of tweets that "the ethics agreement is supposed to be binding. Changing it post-confirmation is a bait-and-switch on the Senate."
The Senate confirmed Chao in a 93-6 vote in January of 2017. Republican Senate Majority Leader Mitch McConnell, Chao's husband, abstained.
The Journal pointed out that "Ms. Chao's decision to retain the shares and recuse herself from matters that might affect Vulcan stands in contrast to the way previous transportation secretaries have handled potential conflicts of interest."
For instance, former Transportation Secretary Ray LaHood, who served under President Barack Obama, sold stakes in Caterpillar Inc. and Ford Motor Co. upon being confirmed to lead the department."I basically sold everything," Mr. LaHood said. "The ethics police told me to do it, so I did it."
The newspaper reported that other government officials—including Federal Railroad Administrator Ronald Batory as well as Jeffrey Rosen, who served as Chao's top deputy before becoming deputy attorney general—have divested from companies that posed potential conflicts.
However, as Carrie Levine, money in politics reporter at the Center for Public Integrity, acknowledged on Twitter Tuesday, "this resembles ethics issues of two other cabinet members"—Commerce Secretary Wilbur Ross and Treasury Secretary Steven Mnuchin.
"It is pretty unusual," Levine concluded, "to have three cabinet secretaries who either haven't complied with their original ethics agreements or have belatedly gotten revisions.
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