Episode 44. March 22, 2020
CLP Topic Category: Vichy Republican Collaborators
Our podcast today places the actions of NC Senator Richard Burr’s insider trading of his $1.5 million stock portfolio into the larger context of his 18 year tenure as a Washington crony capitalist.
We argue that Burr is not simply a RINO. Burr is a crony capitalist, who has successfully gamed the system for his own benefit by collaborating with Democrats and lobbyists.
For example, at the request of Democrat Senator Warner, Burr subpoenaed Trump Jr., a second time, for more questioning, in the Democrat’s attempt to keep the Russian collusion hoax investigation going.
Burr’s Senate committee interviewed Trump, Jr., for over 20 hours during the 2 years of Mueller’s coup, trying to assist Mueller in coming up with evidence to impeach Trump.
After the Mueller coup ended, Burr issued the second subpoena to Trump, Jr
At the time of the second Trump Jr., subpoena, Burr said that he had no credible evidence that Biden had colluded with Ukraine, and that he would not use his Senate committee to investigate Biden.
Burr’s collaboration with Democrats has been financially lucrative for Burr. He arrived in Washington with the net worth of a pauper, and he will leave his 18 year public service as a prince, with a net worth over $5 million.
Trading his stocks during a national pandemic, on insider, non-public material information, is simply one technique Burr employs to build his net worth.
I am Laurie Thomas Vass, and this is the copyrighted Citizen Liberty Party News Network podcast for March 22, 2020.
Our podcast today is under the CLP topic category Vichy Republican Collaborators and is titled Burr’s Betrayals.
The most recent podcast of the CLP News Network is available for free. The entire text and audio archive of our podcasts are available for subscription of $30 per year, at the CLP News Network.com.
President Trump trusted Burr by appointing Burr to the 2016 Trump campaign as a national security advisor.
Prior to Trump’s appointment, beginning in January 2015, Burr had been a member of the Gang of Eight, a group that consisted of the majority and minority leaders of the Senate and House and top Republicans and Democrats on the Senate and House intelligence committees.
In the summer of 2015, the FBI informed Burr that the Russians were attempting to hack the DNC computers.
In the Fall of 2015, the CIA/FBI collusion story changed from an attack on the DNC computers to Trump’s collusion with the Russians.
Burr was fully aware of the FBI’s changed story, but failed to inform President Trump that he was the target of the FBI investigation, when Trump appointed him to the campaign.
In other words, one year before Burr’s appointment as a Trump advisor, Burr was aware of the Democrat’s attempt to destroy the Trump campaign, using the Russian hoax.
Weeks before Burr joined the Trump campaign, the CIA director had told Burr that the Russian interference was designed to support Trump, and that the CIA was preparing documents to support this allegation against Trump.
Former C.I.A. Director John Brennan testified before Congress, in 2018, that he had kept Burr and the others in the Gang of Eight fully informed of the Russian collusion hoax.
In February 2016, the FBI hired Steele to manufacture the evidence of Trump’s collusion. The Steele dossier was ready by July 2016, when the double agent Downer met with Papadopoulos to lay the trap to get the evidence for the FISA warrants to spy on Trump.
On the same day, in the Fall of 2016, that Burr joined the Trump campaign, the FBI released a statement that the Kremlin was trying to interfere in the election.
In addition to failing to disclose the coup attempt to Trump, as Chairman of the Senate Intelligence Committee, Burr issued a fake news release on October 3, 2016, that Trump was not the target of the FBI coup attempt.
Burr stated, “I have yet to see anything that would lead me to believe” Russia was interfering to benefit Trump.”
Burr knew at the time he made the statement that it was a lie because the CIA had told him that Trump as the target of the Russian collusion hoax.
In other words, for over two years of the Mueller coup attempt, Burr knew that the coup was a hoax, but collaborated with Democrats to keep the hoax alive.
Soon after Burr double-crossed Trump, he announced that he would not seek re-election in 2022.
One of his political opponents predicted that he would not last in office until 2022.
Burr Will Take the Money and Run.
Crony capitalism is an insidious system in which global corporations obtain government benefits based on a close relationship with government agents and elected representatives, and specifically with the people in power who dispense favors, subsidies, bailouts, and other forms of special treatment.
One way Burr dispenses favors is by protecting his crony capitalist friends from unfavorable tax legislation.
In 2018, CNN reported,
“Last week’s failure of a $15 billion package of rescissions (i.e., spending cuts that would have harmed Burr’s conies) that the administration had proposed partly reflected the narrow Republican majority in the Senate. With Republicans’ one-vote margin, objections by Sens. Susan Collins (R-ME) and Richard Burr (R-NC) sank the measure in a 48-50 vote.”
In attempting to explain Burr’s behavior of colluding with Democrats, in 2018, Charlie Kirk cited Burr’s desire to be liked by the media and Washington elites.
Kirk wrote, “Senator Burr calculates that if he gives the appearance of going after the Trump First Family then he might be liked by the “virtuous people.”
The calculation Burr makes is not about being liked, it is how to use his office to increase his net worth to $5 million.
His behavior in 2018 mirrors his behavior after the financial panic of 2009, when he would go to a local ATM to draw cash out, in case the banks collapsed.
Burr voted for the financial bailout of banks and obtained $1,500,000 in contributions from the banks in 2010. Over his last 8 years in office, Burr has obtained $3,300,000 in contributions from banks who benefitted from the bailout.
His vote for the bailout coincided with his opposition to impose any sanctions or new rules on banks to avoid the moral hazards of the collapse of the financial system in the future.
One of the sad legacies of the slaveocracy in North Carolina is that the Constitution of 1776 contains no right of citizen referendum and no right of recall. The plantation elite who wrote the Constitution feared the people, and wrote a restrictive document to constrain their political impulses.
As Elisha Douglass pointed out in Rebels and Democrats, Whig leaders like North Carolina’s Sam Johnston understood that the problem for the new constitution was “…how to establish a check on the representatives of the people.”
When the older constitutions were replaced by the North Carolina Constitution of 1971, the sentiment to avoid granting common citizens too much power was again prevalent.
In North Carolina, there is no provision in the General Statutes for recall or for referendum.
Other states are not so penurious about citizen rights, For example, New Jersey’s Constitution simply states,
“The people reserve unto themselves the power to recall, after at least one year of service, any elected official in this State or representing this State in the United States Congress.”
North Carolina’s only provision for removing Burr is in Article VI, Sec. 8. Disqualifications for office.
The relevant passage for removing Burr is in the third provision, which states in part,
“any person who has been adjudged guilty of corruption or malpractice in any office, or any person who has been removed by impeachment from any office, and who has not been restored to the rights of citizenship in the manner prescribed by law.”
The N. C. Constitution is silent on the process for removing Burr, in the case he is found guilty of corruption.
Peter Schweizer, senior contributor to Breitbart News, explained that Burr’s insider stock sales violated the 2012 Stock Act, that prohibited members of Congress from insider trading.
“Richard Burr’s [stock sell-off] is a classic case of insider trading. The Stock Act extended insider trading laws to members of Congress and their staffs, and what it basically said was that if you are trading stock based on non-public information you can be prosecuted for insider trading.”
Burr was only one of three Senators who voted against the Stock Act in 2012. He stated at the time that the legislation was not needed to prohibit members from insider trading.
Burr will not leave office voluntarily or resign. The only remedy for citizens of North Carolina to remove him is to hope that the Securities and Exchange Commission will find him guilty of the law, that he said was not needed to deal with his betrayal of trust.
I am Laurie Thomas Vass, and this podcast is a copyrighted production of the CLP News Network.
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