Investigation: How Pelosi Accumulates Riches While Tying Americans Up Under Taxes And Policies
In his “Watters’ World,” Fox News hosted Jesse Watters who investigated Nancy Pelosi’s financial dealings while she served as House Speaker.
Currently presiding as a top-tier executive in the U.S. government, Nancy Pelosi, has been a member of Congress for nearly 34 years.
A bipartisan infrastructure bill was blocked by progressives in the Speaker’s own party last week, causing her to be unable to pass the bill.
Among Watters’ criticisms were her policies, which made it “harder and harder for average Americans to accumulate wealth,” tying them up in taxes, and “destroying the dollar with reckless spending.”
Pelosi earns one of the highest salaries of all members of Congress, despite the fact that a Speaker of the House typically earns low six-figure salaries.
Watters then asked, So, what is her secret? “It appears to be her husband, Paul.”
“After they got married, Paul opened up a real estate and venture capital firm. And through his connections, he pushed Nancy into the political world, helping her get elected to Congress in 1987,” Watters said.
“The couple has timed the market perfectly over the years,” he continued, “while Nancy’s been a Washington insider. Real estate, stocks, the Pelosis always know what the right investment is.”
A red-brick mansion in California’s Pacific Heights, a waterfront condo in Washington, DC, and a mansion in Napa Valley are all among Pelosi’s properties.
Watters continued to say that her husband owns commercial properties worth up to $50 million in San Francisco.
“In 2018, the Pelosis’ wealth has skyrocketed,” he said. “That year, her financial disclosure report revealed a net worth of over $114 million. In 2019, Pelosi’s assets total up to a whopping $271 million and in 2020, those numbers went up even more to as high as $315 million.”
“In 2007, Visa worried the new Democrat Congress would target their swipe fees, costing them billions. So they hired a team of lobbyists who descended on Pelosi,” Watters added. “Visa’s CEO personally met with her. She got donations from them. One of his advisers left and became a visa lobbyist himself.”
“Suddenly, Paul Pelosi got a phone call from his broker. He was in luck,” Watters continued. “Paul was offered a prescreened invite to get in early on Visa’s $18 billion IPO. Did Nancy and her husband hesitate? No, they bought between $1 million and $5 million worth of Visa stock. But it gets better. While Pelosi was speaker, bills that would have hurt Visa’s stock price were blocked in the House. Visa shares going up over 200 percent during the time, making the Pelosis a fortune on paper.”
“In January, the Pelosis got a million dollars worth of Tesla stock right before Joe Biden announced electric car incentives in June. The Pelosi family cashed in big time just before Congress was set to pounce on Big Tech. Mr. Pelosi exercised options on Google’s parent company, Alphabet, making an easy $5.3 million.”
Watters: Another Crazy Way Pelosi Amass Huge Sum of Dollars
Another example of how Pelosi made crazy amounts of money was given by Watters.
“In March, Paul Pelosi exercised $2 million worth of Microsoft options, just two weeks before the tech giant got a $22 billion contract to equip the US Army with high tech headsets,” he said.
“The Pelosis have never been indicted for insider trading, but her marriage investments and access, combined with extremely fortunate timing, have created a lot of suspicions. All we’re doing is following the money, and there sure is a lot of it,” Watters surmised.
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