Tuesday, April 15, 2014

Time For A Trip Down Memory Lane With Harry The Huckster Reid

Harry "the huckster" Reid is savvy investor...

Here is just one of the many times the huckster did some "savvy investing". This one even with those nasty oil companies the libs love to rail against. Many more examples at the link above.
When his 2010 challenger Sharron Angle asked him in a debate how he had become so wealthy, he said, “I did a very good job investing.” Did he ever. On December 20, 2005, he invested $50,000 to $100,000 in the Dow Jones U.S. Energy Sector Fund (IYE), which closed that day at $29.15. The companies whose shares it held included ExxonMobil, ChevronTexaco, and ConocoPhillips. When he made a partial sale of his shares on August 19, 2008, during congressional recess, IYE closed at $41.82. Just a month later, on September 17, Reid was working to bring to the floor a bill that the Joint Committee on Taxation said would cost oil companies — including those in the fund — billions of dollars in taxes and regulatory fees. The bill passed a few days later, and by October 10, IYE’s shares had fallen by 42 percent, to $24.41, for a host of reasons. Savvy investing indeed.
Harry is as crooked as they come. He should be in jail not the Senate. Nevada owes the rest of the country an apology for electing this jackass thief so many times.

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