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GOP’s Kelly Loeffler dumped retail stocks and scooped up shares in company that makes medical garments

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A new filing shows that Sen. Kelly Loeffler (R-GA) dumped millions of dollars more of stock last month, even as she invested in a company that specializes in producing protective medical gear.

The Atlanta Journal Constitution reports that the Georgia senator dumped more than $18 million worth of stock between February 26th and March 11th, which was after she had received classified briefings about the COVID-19 pandemic.

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The filings show that Loeffler and her husband, Intercontinental Exchange CEO Jeff Sprecher, “sold shares in retail stores such as Lululemon and T.J. Maxx and invested in a company that makes COVID-19 protective garments.”

Loeffler has insisted that she had no influence on stocks that were sold on her behalf by an investment firm, although that has not stopped critics from accusing her of insider trading.

In a video posted on March 10th, Loeffler posted a video in which she told her constituents that the state of the American economy was strong and that the Trump administration was on top of the coronavirus crisis.

“The good news is the consumer is strong, the economy is strong, jobs are growing,” she said. “Our president has done a fantastic job making sure that we’re in the best position to manage through this situation!”


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Trump’s staff keeps undercutting his comments about his payroll tax plot: report

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President Donald Trump has claimed that everything will be fine with the removal of the payroll tax, which funds the Social Security trust fund, because he will just throw money in from the general fund. But according to Trump staff, he's confused.

The Wall Street Journal reported Thursday that businesses aren't sure what to do because it would cause more difficulty on their side. The idea, however, isn't a law and it likely won't be enforced until Congress passes such a law, which isn't likely to happen since both sides oppose it.

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Alexandria Ocasio-Cortez dares Trump to compare grades — and says the ‘loser has to fund the Post Office’

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During an interview with Fox Business' Maria Bartiromo on Thursday, President Donald Trump took aim at Rep. Alexandria Ocasio-Cortez (D-NY), saying that she was a "poor student" at "I won't say where she went to school, it doesn't matter."

"This is not even a smart person," Trump added.

Ocasio-Cortez graduated cum laude from Boston University with a degree in political science and economics.

The attack had parallels to when Trump claimed in 2011, baselessly, that he had heard President Barack Obama had been a "terrible student" — even though Obama had run the Harvard Law Review.

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Trump adviser Larry Kudlow: ‘We don’t want to have’ voting rights protections get through Congress

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On CNBC News Thursday, President Donald Trump's economic adviser Larry Kudlow said that the administration does not want protection of voting rights to pass as part of the coronavirus stimulus package.

"So much of the Democratic asks are really liberal left wishlists we don't want to have," said Kudlow. "Voting rights, and aid to aliens, and so forth. That's not our game."

Talks between Congress and the White House are currently at an impasse. The administration is refusing to support outlays greater than $1 trillion, and the president has explicitly demanded there be no funding for the Postal Service, to keep voting by mail as difficult as possible.

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