This came up a couple of days ago:
…while Rep. Schakowsky likes to attack health insurance profits, those profits have found a way into her own pocket. Her 2008 financial disclosure statement to the U.S. House of Representatives reveals that she owns several mutual funds that, in turn, own stock in major health insurance companies and provide her with dividend income.
Through her mutual funds, Schakowsky has a stake in UnitedHealth, the biggest health insurance company in America. She also profits indirectly from Aetna, the third-largest U.S. health insurer, as well as online insurance retailer eHealth. Rep. Schakowsky even owns mutual funds that hold shares in foreign insurance companies, such as China Life Insurance and Ping An Insurance Group of China, as well as the Islamic Arab Insurance Co., which specializes in Shari’ah compliant funds.
In addition, Rep. Schakowsky’s mutual funds own shares in other companies and industries that she has singled out in the past, according to the most recent information available.
Back when Robin Williams was funny – back when I was a teenager, in other words – he was in a movie with Walter Matthau called The Survivors. One of the characters in it was the leader of what Hollywood imagined a survivalist group looked like; he went everywhere with a locked briefcase full of what he claimed was his master plan for rebuilding after civilization collapsed. Turned out that the briefcase was really full of stock certificates and land deeds that the guy bought with all the money that his followers were uncritically giving him.
And that’s Jan Schakowsky, right there. Heck, she even invested in funds that own a piece of Halliburton.
Moe Lane
PS: Not benefiting from the health insurance industry and Halliburton profits that she decries would be part of her loudly-expressed moral framework, not mine. It’s her job to either live up to her ideals, or else admit that she doesn’t try to. Yelling at me won’t make her less of a hypocrite.
Deal with it.
PPS: Joel Pollak is running for this seat; there may be others.
Crossposted to Moe Lane.
Steve Maley
KnightsofMalta
That is not the worst of Rep. Jan Schakowsky
izoneguy (Diary) Sunday, December 13th at 10:49AM EST (link)http://biggovernment.com/2009/12/07/was-democrats-health-care-strategy-written-in-federal-prison/
Rep. Schakowsky’s husband, Robert Creamer, used to be the leader of Citizen Action/Illinois. He also founded its predecessor, Illinois Public Action, in which Ms. Schakowsky served as Program Director. He runs a political consulting firm, the Strategic Consulting Group, which lists ACORN and the SEIU among its clients and which made $541,000 working for disgraced former Illinois governor Rod Blagojevich.
Creamer resigned from Citizen Action/Illinois after the FBI began investigating him for bank fraud and tax evasion at Illinois Public Action. He was convicted in 2006 and sentenced to five months in federal prison in Terre Haute, Indiana, plus eleven months of house arrest.
While in prison—or “forced sabbatical,” he called it—Creamer wrote a lengthy political manual, Listen to Your Mother: Stand Up Straight! How Progressives Can Win (Seven Locks Press, 2007).
The book was endorsed by leading Democrats and their allies, including SEIU boss Andy Stern—the most frequent visitor thus far to the Obama White House—and chief Obama strategist David Axelrod, who noted that Creamer’s tome “provides a blueprint for future victories.”
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.