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Politicians… maybe they should all be hung or shot?

Diary of a Rogue Economist

You’re (Probably) a Federal Criminal

BY BILL BONNER, CHAIRMAN

BONNER & PARTNERS

bill bonner

Imagine our delight!
“Crony Hung in Own Noose” is the headline we would have put on the story. The New York Times has the report:

J. Dennis Hastert, who served for eight years as speaker of the House of Representatives, was paying a former student hundreds of thousands of dollars to not say publicly that Mr. Hastert had sexually abused him decades ago, according to two people briefed on the evidence uncovered in an F.B.I. investigation.
Federal prosecutors on Thursday [May 28] announced the indictment of Mr. Hastert, 73, on allegations that he made cash withdrawals, totaling $1.7 million, to evade detection by banks. The federal authorities also charged him with lying to them about the purpose of the withdrawals.

John Fund of National Review continues:

But his fall from grace should prompt other questions about how a former high-school teacher who held elective office from 1981 to 2007 could leave Congress with a fortune estimated at $4 million to $17 million. When he entered Congress in 1987, he was worth at most $275,000. Hastert was the beneficiary of very lucky land deals while in Congress; and since leaving office, he has earned more than $2 million a year as a lobbyist.
Denny Hastert used to visit the
Wall Street Journal where I worked when he was speaker. He was a bland, utterly conventional supporter of the status quo; his idea of reform was to squelch anyone who disturbed Congress’s usual way of doing business.

Although everyone else is down on the apparent child molester/crony enabler/and hack politician… today, taking a line from the French and the “Affair Charlie Hebdo”: We Are Dennis Hastert.

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