“At this point almost nothing the Democratic Party does makes any damned sense,” MSNBC’s Joy Reid wrote.

Summary

Progressives criticized House Democrats for choosing Rep. Gerry Connolly over Rep. Alexandria Ocasio-Cortez for the top Democratic seat on the House Oversight Committee.

The 131-84 vote, reportedly influenced by former Speaker Nancy Pelosi, sparked backlash against the party’s “gerontocracy,” with critics like MSNBC’s Joy Reid and others arguing it prioritizes seniority over fresh ideas.

Connolly defended the decision, citing his experience, but progressives argued it reflects the Democratic Party’s resistance to change, hindering its ability to address future challenges and energize younger voters.

  • Kecessa@sh.itjust.works
    113·
    7 days ago

    Just want to point out that most of the top traders are always Republicans but they’re never talked about in this context and Pelosi sometimes doesn’t even beat the S&P500.

    • frezik@midwest.social
      6·
      7 days ago

      She seems to beat it for the most part. There’s a simulator that has a Pelosi ETF trading as “NANC”:

      https://simulator.tryshare.app/?tickers=NANC

      Over the past 5 years, NANC has an annualized return of 15.2%, compared to 8.1% for SPY. I don’t know if the simulator takes transaction costs into account or not, but I’d guess she still beats it on average. I would hope she does, given the legalized insider trading involved.

      • Kecessa@sh.itjust.works
        1·
        7 days ago

        She beats it on average, I’m just pointing out that she’s the one people keep talking about and I’m sure there’s a bunch of Republicans that are very happy about that because it means no one is looking at them.