Nation
Sen. Loeffler’s Stock Liquidation ‘is essentially a guilty plea,’ says Opponent

Georgia Sen. Kelly Loeffler and her CEO husband will liquidate their individual stock share positions, after more than a month of controversy over purchases and sales of millions of dollars of stocks during the onset of the coronavirus outbreak, but her Senate challenger’s campaign team says it’s nothing short of ‘a guilty plea.’
“She’s less credible than the Chinese government. Same advisors, different funds and no blind trust? We’re not buying it,” said Dan McGlan, spokesman for Rep. Doug Collins
Loeffler issued her statement Wednesday in an opinion editorial submitted to the Wall Street Journal. Loeffler announced that she and her husband CEO Jeff Sprecher would be liquidating those stocks shortly after her interview with Fox Business host Maria Bartiromo and a day after SaraACarter.com published a story regarding her failure to name the broker of her stock portfolio.
Loeffler, however, continued to defend her stock sales and said that “I have never used any confidential information I received while performing my Senate duties as a means of making a private profit.” She posted her opinion piece on Twitter with a statement saying “my husband and I are liquidating our holdings in managed accounts.”
“I’m not doing this because I have to. I’m doing it to move beyond the distraction and put the focus back on the essential work we must all do to defeat the coronavirus,” she added.
My husband & I are liquidating our holdings in managed accounts. I’m not doing this because I have to. I'm doing it to move beyond the distraction and put the focus back on the essential work we must all do to defeat the coronavirus. https://t.co/pdagq4E6Uf #gapol #gasen
— Kelly Loeffler (@KLoeffler) April 8, 2020
Her spokesperson told this reporter in a story published Tuesday that “allegations of improper trading are based purely on cherry-picking dates and misrepresenting transactions contained in Senator Loeffler’s Periodic Transaction Reports (PTRs), rather than any actions that Sen. Loeffler took. For years, her stock portfolio has been managed independently by third-party advisors who plan the investment strategy and implement trades.”
However, Dan McLagan, spokesman for Rep. Doug Collins, who is challenging Loeffler for her Senate seat, said on Wednesday that her refusal to name her broker calls into question the stocks traded during the pandemic.
“This is essentially a guilty plea and Georgians who just saw their retirement plans crater while she profited are not going to agree to the plea deal,” said McLagan. “She’s less credible than the Chinese government. Same advisors, different funds and no blind trust? We’re not buying it. “
Collins has not yet issued a direct statement on Loeffler’s decision to liquidate the stocks but had said earlier that he was “sickened” by the trades and purchases during a time when so many people had lost their jobs and lives.

Nation
Biden Administration Proposes Rule to Fortify Federal Bureaucracy Against Republican Presidency

In a strategic move, the Biden administration has unveiled a proposed rule aimed at reinforcing the left-leaning federal bureaucracy, potentially hindering future conservative policy implementations by Republican presidents. This move has raised concerns about the efficacy of democratic elections when a deep-seated bureaucracy remains largely unchanged, regardless of electoral outcomes.
Key points of the situation include:
Presidential Appointees vs. Career Bureaucrats: Of the 2.2 million federal civil workers, only 4,000 are presidential appointees. The vast majority, made up of career bureaucrats, continue in their roles from one administration to the next. This continuity is facilitated by rules that make it exceedingly difficult to discipline or replace them, resulting in a bureaucracy that tends to lean left politically.
Union Political Affiliation: A striking 95% of unionized federal employees who donate to political candidates support Democrats, according to Open Secrets, with only 5% favoring Republicans. This significant political skew among federal workers raises questions about the potential for political bias in the execution of government policies.
Obstructionism and Challenges for GOP Presidents: Some career bureaucrats have been accused of obstructing Republican presidents’ agendas, leading to policy delays and challenges. For example, during the Trump administration, career lawyers in the Department of Justice’s Civil Rights Division declined to challenge Yale University’s discrimination against Asian American applicants, prompting Trump to seek legal counsel from other divisions. The case was subsequently dropped when Joe Biden took office.
Biden’s Countermeasures: President Biden has taken steps to protect the bureaucracy’s status quo. In October 2020, Trump issued an executive order aiming to reclassify federal workers who make policy as at-will employees, but Biden canceled it upon taking office.
Proposed Rule and Congressional Actions: The rule unveiled by the Biden administration seeks to further impede a president’s ability to reinstate Trump’s order. Additionally, some Democrats in Congress are pushing to eliminate the president’s authority to reclassify jobs entirely. This has been referred to as an attempt to “Trump-proof the federal workforce.”
Republican Candidates’ Pledge: GOP candidates such as President Donald J Trump, Vivek Ramaswamy, and Ron DeSantis have pledged to address this issue. According to reports from Fox News, Ramaswamy has gone further, advocating for the elimination of half or more of civil service positions, emphasizing the need for accountability.
Debate on the Merit of the Civil Service: While Democrats and their media allies argue that civil service protects merit over patronage, critics contend that the system has evolved into a form of job security for federal workers with minimal accountability. Federal employees often receive higher salaries and more substantial benefits than their private-sector counterparts.
In summary, the Biden administration’s proposed rule and broader actions to protect the federal bureaucracy have sparked a debate over the role of career bureaucrats in shaping government policy.
Republican candidates are vowing to address these concerns, highlighting the need for accountability and ensuring that government agencies work in alignment with the elected president’s agenda. This ongoing debate raises important questions about the relationship between the bureaucracy and the democratic process in the United States.
Information in this article was retrieved from Fox News.
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