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.
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.
Second worst is not acceptable.
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.