GA-Sen B: Loeffler to Fox News: Criticizing My Coronavirus Stock Trades Is Just a ‘Socialist Attack’

Kudos to The Daily Beast for calling out this GOPer’s corruption:

Embattled Sen. Kelly Loeffler (R-GA) waved off the firestorm of controversy over stock trades she made following Senate coronavirus briefings, telling Fox News on Friday that the criticism she’s received is nothing more than a “socialist attack.”

Weeks after The Daily Beast reported that the Loeffler and her husband, New York Stock Exchange chief executive Jeff Sprecher, dumped up to $3.1 million in stock following a late January closed-door coronavirus briefing, Loeffler announced last week that the couple was liquidating their stock holdings amid accusations of insider trading. She has maintained that third-party advisers conducted the trades and she was not involved.

Noting that Loeffler had appeared on their program last month to deny any wrongdoing, America’s Newsroom co-anchor Sandra Smith asked Loeffler whether she and her husband had gone through with liquidating those stocks.

“Yes, and I’ve been very open about addressing all those questions,” the Georgia lawmaker and wealthy ex-CEO replied. “This is a political attack that is designed to distract from the issue at hand and to use this outbreak to play politics.”

Adding that the couple has taken “extraordinary measures” so that they “can’t be attacked for our success,” Loeffler then insisted that this was all an attempt by the left to take her down.

“This gets at the very heart of why I came to Washington, to defend free enterprise, to defend capitalism, and this is a socialist attack,” she declared. “We have taken extraordinary measures and I am focused solely on working for Georgians.”

And The Daily Beast has another piece out about how Trump is trying to save her:

The Georgia Republican is taking every chance she gets to plug her presidential appointment to a White House task force on “reopening America.” She’s using the appointment to attempt to court campaign supporters, taking out paid ads promoting it, and has even set up a stand-alone campaign website offering coronavirus information to constituents—a site that also happens to help her build her campaign’s voter contact list.

Those moves come as controversy continues to rage over the sale of millions of dollars of stock owned by Loeffler and her husband, the CEO of the New York Stock Exchange, in the immediate wake of a closed-door Senate briefing on the novel coronavirus. Loeffler has insisted that those trades were all executed by a third-party broker, that no information from that briefing informed her stock sales, and that criticism of those stock trades amounts to “a socialist attack.”

But the timing was impeccable: She shed assets right before coronavirus tanked the stock market and purchased shares in a select few companies that seemed well positioned for an economy that would be based largely on online commerce and communications. Loeffler announced last week that she and her husband, Jeff Sprecher, would liquidate their individual stock holdings in order to try to tamp down the controversy.

Under fire, Loeffler appears to have been thrown a bit of a political lifeline from Trump. Her appointment to his coronavirus task force may have been exceedingly insignificant, as the president tapped every Republican senator except Mitt Romney for the task. But her Republican primary opponent, Rep. Doug Collins, was notably absent from the White House’s list of 32 House members appointed to the panel.

We need to get rid of this corrupt GOPer and Rev. Raphael Warnock (D. GA) has been slamming Loeffler for her corruption. Received this e-mail from Warnock’s campaign:

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Friend, 

The character of our democracy is at stake in Georgia’s Senate race.

Our Republican opponent, Kelly Loeffler, is spending $20 million of her personal fortune to try and buy this seat.

And if that wasn’t bad enough, news just broke that she’s been cashing in on the coronavirus crisis – selling millions worth of stocks just after she received a private, all-senators briefing on the dangers of the epidemic.

Friend, outrageous corruption like this has no place in our government. We simply cannot let someone buy a U.S. Senate seat – and then use that office to make herself even richer. We have to beat Kelly Loeffler and flip this seat blue.

But here’s the harsh reality: The only way we’ll overcome Kelly Loeffler’s millions is if grassroots donors pitch in to support her Democratic opponent.

Reverend Raphael Warnock is the strong leader Democrats need to flip this seat and take back the Senate. A pastor and community leader, he’s running a people-powered campaign to restore moral leadership to Washington.

Right now, we’re facing a critical mid-month deadline, and we’re on track to fall $12,392 short of our goal. Please, will you chip in right away – as much as you can afford – to defeat Kelly Loeffler, flip this seat blue and take back the Senate for Democrats?

The stakes in this race couldn’t be higher: Nate Silver's FiveThirtyEight confirms that Democrats CAN flip the Senate – but it will all come down to winning in Georgia. 

The contrast in this race couldn’t be clearer.

Reverend Warnock grew up in public housing on the west side of Savannah, Georgia. He went on to earn a college degree and worked his way up to serving as the senior pastor at Dr. Martin Luther King, Jr.'s church. Now he has the chance to become the first black senator this state has ever elected.

We are in the fight for the soul of our nation's democracy. It's a tough fight – but it's a fight we can win. If we're going to take back the Senate from corrupt leaders like Kelly Loeffler and Mitch McConnell, we need to win here in Georgia. But we can't get it done without support from grassroots folks like you.

So please, friend, will you chip in right now – as much as you can afford – to defeat Kelly Loeffler, flip Georgia blue and take back the Senate for Democrats? In a race this close, every dollar could make the difference between winning and losing – so thank you for pitching in.

Thanks for being with us, 

Jerid Kurtz

Campaign Manager

Warnock for Georgia

Click here to donate to Rev. Warnock’s campaign.