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Gaslit Nation

How the Oligarchy Wins—Unless We Fight Back

Gaslit Nation

Gaslit Nation

Trump, Politics, Left, Democracy, Resistance, News, Society & Culture, Progressive, Liberal, Kendzior, Chalupa, Resist

4.84K Ratings

🗓️ 11 April 2025

⏱️ 22 minutes

🧾️ Download transcript

Summary

In a powerful callout, Rep. Alexandria Ocasio-Cortez slammed Congress and the White House over insider trading. Elected officials shouldn’t hold stocks—period. While Martha Stewart went to prison for it, members of Congress routinely outperform the market, raising red flags of insider trading. Donald Trump, for example, told people to buy stocks just before pausing tariffs, triggering a historic $304 billion windfall for billionaires, according to Bloomberg. How many people did Trump tell in private before hitting send on that social media post? Because that would be insider trading. 

Corruption flows freely in America—like cheap wine at Mar-a-Lago. Now, MAGA Republicans are pushing the SAVE Act, requiring proof of citizenship to vote in federal elections. It’s voter suppression dressed up as security. Noncitizen voting is extremely rare, but this bill could disenfranchise millions—including women who changed their names for marriage and trans Americans. It’s essentially a poll tax, nationalizing Jim Crow.

Democrats could stop it in the Senate—unless a handful cave. Four House Democrats already backed it. If passed, this could become the next Citizens United, further empowering oligarchs like Elon Musk and paving Trump’s path to authoritarian rule.

What can you do? Show up. Protest. Call your senators, especially those who caved on the budget battle. Demand accountability. And yes, let’s talk about AOC primarying Chuck Schumer or Kirsten Gillibrand—New York, an the nation, deserves better.

For more on how to fight back, check the Gaslit Nation Action Guide at GaslitNationPod.com. Join us Monday, April 14, for a salon on defeating oligarchy, with special guests–Patrick Guarasci and Sam Roecker, senior advisors to Judge Susan Crawford’s victorious Wisconsin Supreme Court campaign. Together, we’re sand in their gears.

In this week's bonus show, Gaslit Nation’s special guest Adrian Karatnycky takes the Gaslit Nation Self-Care Q&A. Adrian has been on the frontlines fighting for democracy both at home and abroad. In his critically acclaimed book Battleground Ukraine, he traces Ukraine’s struggle for independence from the fall of the Soviet Union to Russia's genocidal invasion today, drawing important lessons for protecting democracies worldwide. He has worked alongside civil rights legend Bayard Rustin and the AFL-CIO, the largest federation of unions in America. He also supported Poland’s Solidarity movement, which helped bring down the Iron Curtain, and played a key role, along with iconic Soviet dissident, writer, and Czech statesman Václav Havel, in preserving Radio Free Europe/Radio Liberty in the 1990s, when many thought the Cold War had ended. 

Want to enjoy Gaslit Nation ad-free? Join our community of listeners for bonus shows, ad-free episodes, exclusive Q&A sessions, our group chat, invites to live events like our Monday political salons at 4pm ET over Zoom, and more! Sign up at Patreon.com/Gaslit!

EVENTS AT GASLIT NATION:

  • April 14 4pm ET – Live-taping with Patrick Guarasci, chief political strategist for Judge Susan Crawford, discussing their campaign’s victory against Elon Musk in the pivotal Wisconsin Supreme Court race!

  • April 28 4pm ET – Book club discussion of Octavia Butler’s The Parable of the Sower  

  • Indiana-based listeners launched a Signal group for others in the state to join, available on Patreon.

  • Florida-based listeners are going strong meeting in person. Be sure to join their Signal group, available on Patreon.

  • Have you taken Gaslit Nation’s HyperNormalization Survey Yet?

  • Gaslit Nation Salons take place Mondays 4pm ET over Zoom and the first ~40 minutes are recorded and shared on Patreon.com/Gaslit for our community 

Show Notes: 

Here Are the Senate Democrats Who Helped Republicans Avert a Shutdown https://time.com/7268499/senate-democrats-budget-vote/ Will They Help MAGA Pass the SAVE Act? Here’s How to Contact Them: https://www.congressionalinstitute.org/contact-congress/

Four Democrats Pass Bill Making It Harder for Married Women to Vote The House of Representatives—with the help of four Democrats—just passed a bill that could disenfranchise millions. https://newrepublic.com/post/193868/democrats-save-act-bill-harder-married-women-vote

The SAVE Act threatens to block millions of Americans from voting while also imposing significant burdens on state and local election officials. https://www.brennancenter.org/our-work/analysis-opinion/dangers-congresss-latest-election-bill

3.5 Million Votes Canceled in 2024 Election: https://gaslitnation.libsyn.com/will-we-have-free-and-fair-elections-in-the-midterms

U.N. expert decries near 'tyranny' in U.S. against minority voting rights https://www.reuters.com/world/us/un-expert-decries-gerrymandering-parts-us-that-denies-minority-voting-rights-2021-11-22/

Report of the Special Rapporteur on minority issues, Fernand de Varennes, on his visit to the United States of America https://www.splcenter.org/wp-content/uploads/files/report-un-special-rapporteur-minority-issues-march-2022.pdf

Attack on Civil Rights: SPLC contributes to UN special report on state of minorities in the US https://www.splcenter.org/resources/stories/attack-civil-rights-splc-contributes-un-special-report-state-minorities-us/

Members of Congress again outperformed the stock market, report shows https://finance.yahoo.com/news/members-congress-again-outperformed-stock-162050482.html

Andrew Ross Sorkin Suggests Government Officials May Have Sold Stocks Ahead of Trump Tariffs: ‘Would Not Shock Me’ https://www.mediaite.com/tv/andrew-ross-sorkin-suggests-government-officials-may-have-sold-stocks-ahead-of-trump-tariffs-would-not-shock-me/

Ocasio-Cortez: Colleagues ‘should probably disclose’ recent stock purchases now https://thehill.com/homenews/house/5242235-alexandria-ocasio-cortez-congress-stock-donald-trump-tariffs/

The Power of the Powerless by Vaclav Havel October, 1978 https://www.nonviolent-conflict.org/wp-content/uploads/1979/01/the-power-of-the-powerless.pdf

Transcript

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0:00.0

From tweeting people to buy stock and then later announcing his development on taxes,

0:06.0

if people are pissed about insider trading here at the House, look at what's happening at the White House right now and with the Republican Party.

0:13.0

Do you think he knew what he was doing when he sent out that message about stocks before he made the announcement?

0:19.0

It sure seemed like he did.

0:21.6

I don't think that it was a coincidence.

0:24.6

I don't think that Trump just coincidentally said buy stocks and then shortly later made an

0:32.6

announcement that dramatically inflated and dramatically raised a lot of these asset prices.

0:40.5

And, you know, I've heard murmurings on the floor that there may have been people that

0:49.9

knew that this was coming.

0:51.8

Our opening clip was Congresswoman Alexandria Ocasia Cortez calling out Congress and the White

0:59.7

House for insider trading.

1:03.5

Once you become an elected official, you should not hold stocks.

1:07.8

Full stop.

1:09.0

Martha Stewart went to prison for insider trading because world famous

1:13.9

misogynist James Comey was determined to get her, but also it's against the law. Meanwhile,

1:22.6

the majority of members of Congress magically continue to outperform the market. And now you have Trump

1:31.0

who told people on social media hours before pausing his disastrous tariffs to buy stock.

1:41.1

And that, of course, begs the question. How many people around him did he tell privately?

1:47.8

That's insider trading.

1:49.9

How much money did Trump and the oligarch supporting him make off of this global economic chaos?

1:57.7

Well, Bloomberg News gives us an idea.

2:00.3

The world's... This is according to Bloomberg News, the world's richest people added 304 billion

...

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