You Can’t Have It All: The Republican Rich Dude Edition

If you haven’t heard Republican Montana Congressional candidate Greg Gianforte physically assaulted a Guardian reporter (Gianforte is now charged with assault–the delay might have been due to the local sheriff being a Gianforte supporter). Joking aside, I doubt Gianforte lost his shit because he was asked about the CBO scoring of the Trump healthcare proposal (which was what he was being asked about). Instead, the assault probably stems from this earlier story by the same reporter (boldface mine):

A Republican congressional candidate has financial ties to a number of Russian companies that have been sanctioned by the US, the Guardian has learned.

Greg Gianforte, who is the GOP standard bearer in the upcoming special election in Montana, owns just under $250,000 in shares in two index funds that are invested in the Russian economy to match its overall performance.

According to a financial disclosure filed with the clerk of the House of Representatives, the Montana tech mogul owns almost $150,000 worth of shares in VanEck Vectors Russia ETF and $92,400 in the IShares MSCF Russia ETF fund. Both are indexed to the Russian equities market and have significant holdings in companies such as Gazprom and Rosneft that came under US sanctions in the aftermath of the Russian invasion of the Crimea.

The holdings, while substantial, make up only a small portion of Gianforte’s wealth. The congressional candidate, who made a fortune starting a software company which was later sold to Oracle, has assets estimated to be worth between $65m and $315m, according to his financial disclosure.

All he had to do was sell off a tiny fraction of his net worth, but he was just too damn greedy, too damn stupid (or both) to do this. Hell, he could have made a big show of selling this off, and then claimed how honest he is. His inability to do so speaks to an air of entitlement. Like Jared Kushner, it doesn’t occur to him that making money in a sleazy way (and Gianforte made most of his money honestly it would appear) is inherently incompatible with elected or appointed office–to decent people, anyway.

Want to make money in a shady, but legal way*, fine. But even rich dudes can’t have it all.

Aside: Like it or not, that Fox News reporters verified the story made it much harder for the local sheriff and the Montanan Republican establishment to ignore this.

*Of course, if Kushner has money coming in from illegal sources, then it’s much worse.

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3 Responses to You Can’t Have It All: The Republican Rich Dude Edition

  1. Tom_b says:

    Sadly, the corrupt butt head may have already won; most Montana residents vote by mail.

  2. jrkrideau says:

    <The Montana tech mogul owns almost $150,000 worth of shares in VanEck Vectors Russia ETF and $92,400 in the IShares MSCF Russia ETF fund
    OMG, a Russian connection !
    Get over it.
    Russia is a capitalist country just like the USA.


    • Tom_b says:

      I wouldn’t call Russia exactly a free market.

      Also, while a private individual can invest in almost anything he or she wants, standard practice is for elected officials and certain government employees to divest of any apparent conflicts of interest — though nobody seems to have informed the imbecile in the White House or his grifting family of this….

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