(Tea Party PAC) – Sen. Richard Burr, Chairman of the Senate Intelligence Committee, is finding his name in headlines after doing something just a tad bit shady after attending briefings for the coronavirus outbreak currently sweeping across the country.
And by “tad bit shady” we mean basically dirty, underhanded, and just all around not very awesome.
Burr unloaded somewhere around $1.56 million in stock after he came out of the confidential briefing. Yeah. Definitely not a good look.
Here’s more on this from Breitbart News:
Burr, who is the senior senator from North Carolina and plans to retire in 2022, dumped thousand of dollars worth of stock on Feb. 13—less than a week before the stock market sharply dropped because of the coronavirus pandemic. The senator’s timely decision to sell, which was first reported by ProPublica, netted him between over $580,000 and $1.56 million.
Much of those shares are now worth a fraction of their price when Burr opted to sell. For instance, the prior investment Burr had in Wyndham Hotels and Resorts, which was worth upwards of $150,000, is now valued at two-thirds that price. Similarly, the nearly $100,000 worth of stock in Extended Stay America that Burr disposed of in February is now estimated to be worth over 50 percent less.
Those transactions, 29 in total, that Burr conducted came as the intelligence committee was receiving daily briefings on the spread of the coronavirus. During February, in particular, Burr and his colleagues on Capitol Hill were closely monitoring the situation unfolding.
You see, part of the problem here is that many folks like Burr have been stating that the economy is going to be just fine, no one needs to panic or worry about any sort of financial crisis. However, when you say this kind of thing all the while dumping your stock, well, it sort of paints the picture that you know somethiing the rest of us don’t.
And if you know something the rest of us don’t, and you don’t tell us, and we all end up losing everything in the stock market due to the progress of this disease, well, that’s just not right.
It remains unclear if the senator was briefed on the growing pandemic directly or preceding his decision to sell. On the day in question, though, deaths resulting from the Coronavirus grew to more than 1,400, and the Centers for Disease Control warned the ailment could be spread from those not exhibiting symptoms—developments unlikely to have escaped the intelligence committee’s notice.
More troubling is that the senator’s private actions differed from his public statements on the coming pandemic. Less than a week before Burr shed investments likely to lose value because of the virus, the senator penned an op-ed urging voters to have trust in the federal government’s preparedness.
“No matter the outbreak or threat, Congress and the federal government have been vigilant in identifying gaps in its readiness efforts and improving its response capabilities,” Burr wrote with his colleague, Sen. Lamar Alexander (R-TN).
Again, it seems like there’s one thing coming out of his mouth that paints a picture of things being alright, but his actions are telling a completely different story. Additionally, this isn’t the first time that Burr has attracted criticism in the last few weeks.
During the weeks leading up to the crisis, Burr has also been slammed for warning North Carolina business leaders not to take the virus lightly during a closed door meeting held in Washington, D.C.
“There’s one thing that I can tell you about this: It is much more aggressive in its transmission than anything that we have seen in recent history,” the senator said on Feb. 27, according to a recording obtained by NPR. “It is probably more akin to the 1918 pandemic.”
Burr seems to be the kind of fellow that just cannot be trusted to do the right thing. He’s much more interested in helping himself and protecting his own interests than those of the American people.
During a stressful time such as this, we need leaders who are willing to put themselves aside and to do the right thing in order to ensure we the people survive this mess with as little damage as possible. Burr is not the man for that kind of job.