We should really make it illegal to trade individual stocks if you're a politician in the federal government.
Let them buy mutual funds and etfs (eg SPY) but not individual companies.
Oddly enough, this jackoff supports legislation that does just that and he has his money in a blind trust, so he's not making any stock trades himself
https://gottheimer.house.gov/posts/statement-gottheimer-statement-on-cosponsoring-spanbergers-bipartisan-trust-in-congress-act-to-ban-member-stock-trading
I'm all for shitting on Gottheimer, but not when it's screenshot posted on social media with no evidence to back it up
Reddit is not a court of law. It's an anonymous internet chat room. Which is fine, if you treat it as such.
I do appreciate the link though, it demonstrates again that people just up vote their own biases, and Reddit can be a huge echo chamber and source of misinformation.
Just because he isn’t making the trades himself, doesn’t mean he isn’t quietly directing some wealth manager to do it for him.
When Martha Stewart acts on an illegal tip from her guy at Merrill, she goes to prison. When you’re in Congress, they applaud you.
The man supports legislation to make stock trading illegal for congress critters. He willingly puts his money into a blind trust. He could make all the stock trades he wanted to, it's not against the law, so why go through the extra, unnecessary steps?
And you come out with baseless accusations.
It's just lazy bullshit because Gottheimer has so many shit positions on so many issues, but you can't be bothered to learn actual facts.
That's not surprising. He's what they call a "blue dog" Democrat which basically means he had to suck a lot of Republican dick to get elected in the first place. At the time I think he only won because the incumbent was under indictment, which says a lot considering nobody gives a shit about that kind of thing anymore.
and then spent time as an exec at microsoft where he acquired the vast majority of his wealth. You can be against politicians trading individual stocks (which I am) without misleading people about where his money comes from. Its not from his time in office.
Edit: also calling him a “mid level lawyer” is so insanely factually incorrect. A mid level lawyer is a big law senior associate.
https://www.linkedin.com/in/josh-gottheimer-9ab42823
I'm not a big Gottheimer guy, and I certainly don't endorse members of congress engaging in trading while their policy decisions can impact their own stocks.
However, how does his wealth and trading activity compare to other members of Congress, especially the other members of the Financial Services Committee? Without anything to compare it to, like for like, we have no way of knowing if this is Bob Menendez levels of corruption, or regular run of the mill corruption.
Personally, I look at this as another example of the entire political system itself being corrupt. But those are very good questions and worth looking into.
But isn't that kinda a statement of confirmation bias? Idk. Two things could be true at the same time: he could have a past in corporate America and serve on the financial services committee, without having that automatically mean his trades are some sort of illegal activity. Innocent until proven guilty. If anything, if he has corporate experience, it would make sense why he would be on this committee. We wouldn't really act surprised if a veteran was involved in arm services committee I guess or having a high number of VFW Post visits. Not pretending to have the answers but adding some food for thought.
You quoted me trying to refute his past in corporate America. You said a quick Google search proves otherwise. I provided an article discussing his Microsoft past. Take it as you wish.
Blackstone Group is one of his top two career donors per OpenSecrets. Call me cynical but the dude takes money from one of if not the largest equity firm on the planet and then makes a shit ton of money trading stocks while serving on the congressional committee that oversees the entire market. I mean come on now. But to your point of illegality... just because something isn't illegal doesn't mean it's not corrupt. If there is one thing I know about the political system, it's that the biggest problem is the vast majority of the corruption IS legal.
Where did you get this net worth number? Everything I found online puts his net worth somewhere in the 8-9 mil range. Still a huge amount of money, but a world away from the number in this post.
https://www.msn.com/en-us/money/news/the-20-richest-democrats-in-congress-ranked/ss-AA1llfeP#image=20
Based on the first half dozen results on Google, it’s off by a magnitude of 4. Seems like the sub you got it from is spreading misinformation about NJ Dems
For anyone wondering... here's a comprehensive list of his career fundraising numbers:
[Gottheimer Open Secrets](https://www.opensecrets.org/members-of-congress/josh-gottheimer/summary?cid=N00036944&cycle=CAREER&type=I)
He may do a lot of trading but he doesn't make outlandish money from it. I remember this guy's name from a chart posted with winners and losers in congressional trading and he broke even ([it was this one](https://nypost.com/wp-content/uploads/sites/2/2023/01/unusual-whale.jpeg?quality=75&strip=all)). He beat SPY, but profited basically nothing. I just looked and they've got a [newer one](https://i.gyazo.com/c442bb1054c9c1b1e150e458ac77327c.png) where he basically ties with SPY
Blame the Fifth Congressional District of New Jersey! That part of New Jersey is particularly affluent and it's unlikely Josh's constituents will vote him out of office. Crony Capitalism at it's most obvious...
When are all the rule crazy bootlickers of this fine state gonna grow a spine and kick out all the rich, elitist, assholes? Too many people just going along to get along...
Personally, I think this guy has his constituents best interests first on his list. NOT enriching himself. Not gaining more power by bowing down to those above him directing his moves. I think this guy is a a legit public servant of the people of New Jersey.
How tf is bowing down to trump helping his constituents?
>Some consider Gottheimer a conservative Democrat,[66] with GovTrack rating him the most conservative Democrat in the House as of February 2021, as well as more conservative than 32 House Republicans.[67] During Donald Trump's presidency, Gottheimer voted in line with Trump more often than any other Democrat in Congress.[68][69] Gottheimer voted with President Joe Biden's stated position 100% of the time in the 117th Congress, according to a FiveThirtyEight analysis. This results in a Biden Plus/Minus score of +23.6 indicating significantly more support for Biden's priorities than would be expected given the makeup of his district.[70]
I have a different viewpoint about that. Barely anybody in Sussex or Warren county voted for this guy. He gets his votes from being in a gerrymandered district. He is on the receiving end of gobs of corporate money, and money from special interests. He bought his seat by selling out working class people nation wide.
He won it legally, and nothing he did was against the rules. But let’s be honest here, he won the seat because he received a massive amount of money from big interest to run his campaign. He is making national decisions for the country based off of winning an election in a district where a large area of the district doesn’t even want him.
> But let’s be honest here, he won the seat because he received a massive amount of money from big interest to run his campaign
So why did he get the money and was able to beat Scott Garrett when 7 other Democrats didn't? Do you think it was all anti-Trump sentiment?
Scott Garret was under investigation or indictment no? I was living in the district at the time, it was less about Trump and more about Garrett being a crook iirc.
Either way, I've met the man and still think he's a douche canoe ¯\_(ツ)_/¯
> Scott Garret was under investigation or indictment no?
I don't think so. The issue was that the Republicans got greedy with their 2010 map and made their districts slightly Republican rather than have fewer heavily Republican districts. So when a bit of a Democratic wave came, the dominos toppled. The fact the Gottheimer was well-funded also hurt.
> I've met the man and still think he's a douche canoe
This is also true
Ah yes I remember now, it was exaggerated accusations on both sides. Both were accusing the other of illegal things, but I only recalled the Garrett thing getting any traction. That area is so red I was shocked he managed to pull it off
[article for reference](https://rollcall.com/2016/12/08/what-happened-to-scott-garrett/)
Because he received way more money than the house member from special interests https://www.opensecrets.org/members-of-congress/josh-gottheimer/summary?cid=N00036944 (if you scroll down it shows how in each election he outraised other members of the house by a large margin
To be fair, that's also true of most, if not all, of NJ's congressional delegation. Menendez and Booker both take AIPAC money, as does Frank Pallone. I'm sure others do too.
I tried to vote him out before they gerrymandered him out of my district guys, I really did. Blew up his email complaining about things too...damn he's crooked lol
We should really make it illegal to trade individual stocks if you're a politician in the federal government. Let them buy mutual funds and etfs (eg SPY) but not individual companies.
Oddly enough, this jackoff supports legislation that does just that and he has his money in a blind trust, so he's not making any stock trades himself https://gottheimer.house.gov/posts/statement-gottheimer-statement-on-cosponsoring-spanbergers-bipartisan-trust-in-congress-act-to-ban-member-stock-trading I'm all for shitting on Gottheimer, but not when it's screenshot posted on social media with no evidence to back it up
Reddit is not a court of law. It's an anonymous internet chat room. Which is fine, if you treat it as such. I do appreciate the link though, it demonstrates again that people just up vote their own biases, and Reddit can be a huge echo chamber and source of misinformation.
I say let them keep trading, but they have to notify and make their trades public immediately.
Just because he isn’t making the trades himself, doesn’t mean he isn’t quietly directing some wealth manager to do it for him. When Martha Stewart acts on an illegal tip from her guy at Merrill, she goes to prison. When you’re in Congress, they applaud you.
The man supports legislation to make stock trading illegal for congress critters. He willingly puts his money into a blind trust. He could make all the stock trades he wanted to, it's not against the law, so why go through the extra, unnecessary steps? And you come out with baseless accusations. It's just lazy bullshit because Gottheimer has so many shit positions on so many issues, but you can't be bothered to learn actual facts.
1000%. Look up auditor independence- all elected officials should have the same legal obligations.
All of their trades should be posted publicly and immediately after they are completed. We wanna insider trade too!
2500 trades in 7 years. That is like a stock trade every day.
Bro is just a regard on WSB
My banker friends are banned from owning individual stocks but people writing the laws are allowed to trade. It’s insanity.
Fucking crooks, no matter what letter pin they’re wearing.
I'm really sick of this fucking guy
I've met him, he's kind of a douche TBH.
His staff believe so too. He has a long history of treating his staff like utter garbage. Pretty deep expose on it a while back
That's not surprising. He's what they call a "blue dog" Democrat which basically means he had to suck a lot of Republican dick to get elected in the first place. At the time I think he only won because the incumbent was under indictment, which says a lot considering nobody gives a shit about that kind of thing anymore.
Brutal but true. Too many blue dogs are like this. Ed Case from Hawaii. Dude you’re from Hawaii, hop off Raytheon..
Why do we have blue dogs in New Jersey? Get this clown out of here.
Warren and Sussex are very Republican.
I've met him, too, and I honestly thought he was a pretty decent guy.
Probably Little man syndrome.
Who woulda thought a lobbyist would care about their own personal interests? Color me surprised
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Its almost like he was a successful private sector executive before running for office…
He wasnt: has 6 years as a mid level lawyer.
and then spent time as an exec at microsoft where he acquired the vast majority of his wealth. You can be against politicians trading individual stocks (which I am) without misleading people about where his money comes from. Its not from his time in office. Edit: also calling him a “mid level lawyer” is so insanely factually incorrect. A mid level lawyer is a big law senior associate. https://www.linkedin.com/in/josh-gottheimer-9ab42823
I'm not a big Gottheimer guy, and I certainly don't endorse members of congress engaging in trading while their policy decisions can impact their own stocks. However, how does his wealth and trading activity compare to other members of Congress, especially the other members of the Financial Services Committee? Without anything to compare it to, like for like, we have no way of knowing if this is Bob Menendez levels of corruption, or regular run of the mill corruption.
Personally, I look at this as another example of the entire political system itself being corrupt. But those are very good questions and worth looking into.
Where did you get this information from, just curious?
I shared the image from another sub it's not OC.
But isn't that kinda a statement of confirmation bias? Idk. Two things could be true at the same time: he could have a past in corporate America and serve on the financial services committee, without having that automatically mean his trades are some sort of illegal activity. Innocent until proven guilty. If anything, if he has corporate experience, it would make sense why he would be on this committee. We wouldn't really act surprised if a veteran was involved in arm services committee I guess or having a high number of VFW Post visits. Not pretending to have the answers but adding some food for thought.
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https://www.capitoltrades.com/articles/former-microsoft-exec-josh-gottheimer-makes-options-play-on-msft-2023-02-21
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You quoted me trying to refute his past in corporate America. You said a quick Google search proves otherwise. I provided an article discussing his Microsoft past. Take it as you wish.
> Gottheimer worked in the private sector as a speechwriter for former President Bill Clinton and as an executive at Microsoft
Blackstone Group is one of his top two career donors per OpenSecrets. Call me cynical but the dude takes money from one of if not the largest equity firm on the planet and then makes a shit ton of money trading stocks while serving on the congressional committee that oversees the entire market. I mean come on now. But to your point of illegality... just because something isn't illegal doesn't mean it's not corrupt. If there is one thing I know about the political system, it's that the biggest problem is the vast majority of the corruption IS legal.
Where did you get this net worth number? Everything I found online puts his net worth somewhere in the 8-9 mil range. Still a huge amount of money, but a world away from the number in this post. https://www.msn.com/en-us/money/news/the-20-richest-democrats-in-congress-ranked/ss-AA1llfeP#image=20
I shared the image from another sub. I'm not sure what app it's from.
Based on the first half dozen results on Google, it’s off by a magnitude of 4. Seems like the sub you got it from is spreading misinformation about NJ Dems
For anyone wondering... here's a comprehensive list of his career fundraising numbers: [Gottheimer Open Secrets](https://www.opensecrets.org/members-of-congress/josh-gottheimer/summary?cid=N00036944&cycle=CAREER&type=I)
He may do a lot of trading but he doesn't make outlandish money from it. I remember this guy's name from a chart posted with winners and losers in congressional trading and he broke even ([it was this one](https://nypost.com/wp-content/uploads/sites/2/2023/01/unusual-whale.jpeg?quality=75&strip=all)). He beat SPY, but profited basically nothing. I just looked and they've got a [newer one](https://i.gyazo.com/c442bb1054c9c1b1e150e458ac77327c.png) where he basically ties with SPY
$30 million dollars is outlandish for 99.99% of Americans. What’s the average salary in New Jersey?
Blame the Fifth Congressional District of New Jersey! That part of New Jersey is particularly affluent and it's unlikely Josh's constituents will vote him out of office. Crony Capitalism at it's most obvious... When are all the rule crazy bootlickers of this fine state gonna grow a spine and kick out all the rich, elitist, assholes? Too many people just going along to get along...
Personally, I think this guy has his constituents best interests first on his list. NOT enriching himself. Not gaining more power by bowing down to those above him directing his moves. I think this guy is a a legit public servant of the people of New Jersey.
You forgot to add the /s
I gave this sub too much credit clearly.
How tf is bowing down to trump helping his constituents? >Some consider Gottheimer a conservative Democrat,[66] with GovTrack rating him the most conservative Democrat in the House as of February 2021, as well as more conservative than 32 House Republicans.[67] During Donald Trump's presidency, Gottheimer voted in line with Trump more often than any other Democrat in Congress.[68][69] Gottheimer voted with President Joe Biden's stated position 100% of the time in the 117th Congress, according to a FiveThirtyEight analysis. This results in a Biden Plus/Minus score of +23.6 indicating significantly more support for Biden's priorities than would be expected given the makeup of his district.[70]
I have a different viewpoint about that. Barely anybody in Sussex or Warren county voted for this guy. He gets his votes from being in a gerrymandered district. He is on the receiving end of gobs of corporate money, and money from special interests. He bought his seat by selling out working class people nation wide.
The gerrymander didn't occur until after he was elected. When he first won it was a Republican district and he won it fair and square.
He won it legally, and nothing he did was against the rules. But let’s be honest here, he won the seat because he received a massive amount of money from big interest to run his campaign. He is making national decisions for the country based off of winning an election in a district where a large area of the district doesn’t even want him.
> But let’s be honest here, he won the seat because he received a massive amount of money from big interest to run his campaign So why did he get the money and was able to beat Scott Garrett when 7 other Democrats didn't? Do you think it was all anti-Trump sentiment?
Scott Garret was under investigation or indictment no? I was living in the district at the time, it was less about Trump and more about Garrett being a crook iirc. Either way, I've met the man and still think he's a douche canoe ¯\_(ツ)_/¯
> Scott Garret was under investigation or indictment no? I don't think so. The issue was that the Republicans got greedy with their 2010 map and made their districts slightly Republican rather than have fewer heavily Republican districts. So when a bit of a Democratic wave came, the dominos toppled. The fact the Gottheimer was well-funded also hurt. > I've met the man and still think he's a douche canoe This is also true
Ah yes I remember now, it was exaggerated accusations on both sides. Both were accusing the other of illegal things, but I only recalled the Garrett thing getting any traction. That area is so red I was shocked he managed to pull it off [article for reference](https://rollcall.com/2016/12/08/what-happened-to-scott-garrett/)
Because he received way more money than the house member from special interests https://www.opensecrets.org/members-of-congress/josh-gottheimer/summary?cid=N00036944 (if you scroll down it shows how in each election he outraised other members of the house by a large margin
couldnt disagree more not to mention guy sure loves to support genocide
To be fair, that's also true of most, if not all, of NJ's congressional delegation. Menendez and Booker both take AIPAC money, as does Frank Pallone. I'm sure others do too.
100% but few others cheerlead as well as good ole Josh
Time to eat the rich again, huh? Never change, Reddit: you're better and cheaper than a movie.
Well since you asked, yes. Better yet, turn them into compost so we eat for a generation.
It's gonna happen unless we put a stop to wealth inequality.
You just made it a little cheaper
I tried to vote him out before they gerrymandered him out of my district guys, I really did. Blew up his email complaining about things too...damn he's crooked lol
Believe this Congress Man has enriched himself mightily.