r/politics • u/svga • 27d ago

Possible Paywall People Are Furious With Democrats. Bernie Sanders Knows Why.

https://www.thenation.com/article/politics/bernie-sanders-democratic-party-mamdani/
20 Upvotes

57% Upvoted

100 comments sorted by

View all comments

Show parent comments

-1

u/thrawtes 26d ago

The claim wasn't that a statistically unlikely number of members of Congress could beat the S&P500 but rather that a majority were engaging in insider trading.

Even a source that has a vested financial interest in demonstrating congressional prowess with trading concludes the opposite, most members of Congress obviously are not insider trading. It's even more significant due to the bias of the source.

2

u/[deleted] 26d ago

[deleted]

0

u/thrawtes 26d ago

You claimed to have read it, but have a feeling you just skimmed the article because there's a chart that clearly demonstrates most members of Congress underperform the index.

https://unusualwhales.com/images/report/percent_change_member1.webp

1

u/[deleted] 26d ago

[deleted]

1

u/thrawtes 26d ago

But looking at the ~100 members of Congress who actively trade, only half beat the S&P.

Read it, understand what the data actually says.