4 ms·

How is this not illegal for a government official to reccomend buying stock in a company run by another government official? This is naked corruption.

unsupp0rted 2y ago
Elon is only a government official when it suits me. When it doesn't suit me he's an unelected private citizen outsider.
shawabawa3 2y ago
It is but it doesn't matter when maga control all 3 branches of government
actionfromafar 2y ago
Mind your wrong-think.
regularjack 2y ago
And he didn't even NFA it. I'm looking forward to the class action of all the people who lost their life savings after following his advice.
- ceejayoz 2y ago
  The Commerce secretary will almost certainly be given qualified immunity from civil suits.
bovermyer 2y ago
The Ministry of Truth would like a word with you.
ceejayoz 2y ago
It's not strictly illegal, but it's against Federal ethics rules. The problem is, punishment is exclusively up to their superiors. Which, here, is the President. Kellyanne Conway did this in the first Trump admin. No real consequences then, either. https://www.nytimes.com/2017/02/14/us/politics/Kellyanne-Conway-ivanka-trump-ethics.html https://www.nytimes.com/2017/02/14/us/politics/Kellyanne-Con... > Federal ethics rules on conflicts of interest specifically exempt the president and vice president. But for any other executive branch employee, the rules prohibit using public office for personal gain, or “for the endorsement of any product, service or enterprise, or for the private gain of friends, relatives or persons with whom the employee is affiliated in a nongovernmental capacity.”
- carbocation 2y ago
  Thanks for posting this. My gut reaction was to say "no, this is a law: the Hatch Act." But the Hatch Act covers partisan political activity while on duty, which is distinct from commercial activity. As you noted, commercial activity is only 'restricted' via a rule.
- locopati 2y ago
  when it comes to the President, he's already stomped all over this part of the Constitution https://constitution.congress.gov/browse/essay/artII-S1-C7-1/ALDE_00000233/ https://constitution.congress.gov/browse/essay/artII-S1-C7-1...
Kapura 2y ago
Laws only matter when people enforce them. The United States has been profoundly lax in holding rich white men accountable for basically a century now; while this should absolutely be seen as the baseless corruption that it is, it is extremely foolish to expect anybody to do anything about it. They have no appetite for punishing somebody from the elite classes.
throwaway5752 2y ago
Remember this: it is illegal. People can claim it's not, people can claim "truth doesn't matter any more" or "they make the rules and control the media" But you have your own eyes and brain and you know it is illegal. It is plainly illegal, which is why nobody had done it before this. They are doing illegal things because they are crooks. They are trying to get you to give up and lose hope. Hacker News is far more of an echo chamber in that regards than other environments.
Animats 2y ago
Here's the ethics statement of Lutnick, the Secretary of Commerce.[1] He's from Cantor Fitzgerald, where he was Chairman, and had to resign from quite a few boards to work for the Government. He has ownership in many businesses, but Tesla is not listed. [1] https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/436440318CFB67BE85258C1C003219C1/$FILE/Lutnick%2C%20Howard%20%20finalEA.pdf https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/43644031...
yongjik 2y ago
If Biden's Secretary of Commerce did this, they would've got sacked and it would be plastered over the news for weeks. Democrats should stop pretending that rules and decorum still matter. You can't claim democracy is at danger and then hold up a small paddle meekly and claim you did your job.

unsupp0rted 2y ago

Elon is only a government official when it suits me. When it doesn't suit me he's an unelected private citizen outsider.

shawabawa3 2y ago

It is but it doesn't matter when maga control all 3 branches of government

actionfromafar 2y ago

Mind your wrong-think.

regularjack 2y ago

And he didn't even NFA it. I'm looking forward to the class action of all the people who lost their life savings after following his advice.

ceejayoz 2y ago
The Commerce secretary will almost certainly be given qualified immunity from civil suits.

bovermyer 2y ago

The Ministry of Truth would like a word with you.

ceejayoz 2y ago

It's not strictly illegal, but it's against Federal ethics rules. The problem is, punishment is exclusively up to their superiors. Which, here, is the President. Kellyanne Conway did this in the first Trump admin. No real consequences then, either. https://www.nytimes.com/2017/02/14/us/politics/Kellyanne-Conway-ivanka-trump-ethics.html https://www.nytimes.com/2017/02/14/us/politics/Kellyanne-Con... > Federal ethics rules on conflicts of interest specifically exempt the president and vice president. But for any other executive branch employee, the rules prohibit using public office for personal gain, or “for the endorsement of any product, service or enterprise, or for the private gain of friends, relatives or persons with whom the employee is affiliated in a nongovernmental capacity.”

carbocation 2y ago
Thanks for posting this. My gut reaction was to say "no, this is a law: the Hatch Act." But the Hatch Act covers partisan political activity while on duty, which is distinct from commercial activity. As you noted, commercial activity is only 'restricted' via a rule.
locopati 2y ago
when it comes to the President, he's already stomped all over this part of the Constitution https://constitution.congress.gov/browse/essay/artII-S1-C7-1/ALDE_00000233/ https://constitution.congress.gov/browse/essay/artII-S1-C7-1...

Kapura 2y ago

Laws only matter when people enforce them. The United States has been profoundly lax in holding rich white men accountable for basically a century now; while this should absolutely be seen as the baseless corruption that it is, it is extremely foolish to expect anybody to do anything about it. They have no appetite for punishing somebody from the elite classes.

throwaway5752 2y ago

Remember this: it is illegal. People can claim it's not, people can claim "truth doesn't matter any more" or "they make the rules and control the media" But you have your own eyes and brain and you know it is illegal. It is plainly illegal, which is why nobody had done it before this. They are doing illegal things because they are crooks. They are trying to get you to give up and lose hope. Hacker News is far more of an echo chamber in that regards than other environments.

Animats 2y ago

Here's the ethics statement of Lutnick, the Secretary of Commerce.[1] He's from Cantor Fitzgerald, where he was Chairman, and had to resign from quite a few boards to work for the Government. He has ownership in many businesses, but Tesla is not listed. [1] https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/436440318CFB67BE85258C1C003219C1/$FILE/Lutnick%2C%20Howard%20%20finalEA.pdf https://extapps2.oge.gov/201/Presiden.nsf/PAS+Index/43644031...

yongjik 2y ago

If Biden's Secretary of Commerce did this, they would've got sacked and it would be plastered over the news for weeks. Democrats should stop pretending that rules and decorum still matter. You can't claim democracy is at danger and then hold up a small paddle meekly and claim you did your job.