The ad also shows Carlson, Cavuto and Henry questioning Loeffler about the sale of $ 20 million in personal shares after receiving a private briefing on the potential economic effects of the coronavirus leading to the March 9 stock market crash.
Carlson and Henry both interviewed Loeffler during appearances on the Cable News Network regarding the stock sale, with Carlson asking the Republican Senator to explain how his decision to sell the stock did not violate the Stock Act, a law that prohibits lawmakers from using non-public information in stock transactions.
Loeffler denied all allegations of insider trading, telling Carlson that his investment portfolio was managed by “third party” advisers and that his decisions were informed by his previous experiences working in financial services.
“I decided that I was going to keep the same posture that I had in the financial services industry, namely to have a third party who was, and Senate advisers, who were fully responsible and able to do these transactions by myself. , so I didn’t have to participate in the decision-making regarding these financial transactions, and it worked very well in the private sector and it saved us from having to worry about insider trading, ”a- she declared.
In April, Carlson slammed a tweet she wrote in March after throwing millions of dollars into inventory, telling her constituents that “the consumer is strong. The economy is strong. Jobs are growing ”.
“If Loeffler was aware of these trades and still posted the little PSA that we showed you, she would have to step down,” Carlson said on April 2, a clip that is featured in the Georgia Democratic ad. .
Henry pressed Loeffler in March to ask if she was involved in insider trading.
“You thought the government was ready, but shortly after this tweet [shown above] as I just noted, you sold over $ 1 million in stocks in your own personal portfolio before the market went down. Do you trade on inside information about what was to come? He asked.
But Loeffler has consistently defended herself, saying it was “absolutely wrong” that she was involved in insider trading.
“I want to set the record straight: this is a ridiculous and baseless attack. I don’t make investment decisions for my portfolio. Investment decisions are made by several third-party advisers without my husband or husband knowing or involving me, ”she said. tweeted on March 20.
Loeffler’s dumping ground ultimately led to an investigation and calls from many other lawmakers, Democrats and Republicans, to step down from his post. Although the matter came under close scrutiny, the Senate Ethics Committee dropped its investigation into Loeffler on June 16.
But Georgia Democrats are pointing fingers at the Republican Party for attacking the GOP hope.
“After months of denouncing its shady stock trading and corrupt buy-and-pay politics, Georgia Republicans have a lot to answer for their devastating attacks on Senator Kelly Loeffler,” said Alex Floyd, spokesperson for the Democratic Party of Georgia said in a press release sent to Newsweek.
While the GOP has attempted to portray Warnock as a “radical” and “anti-American” leftist, the Democratic Party maintains that Loeffler’s record has been both self-serving and corrupt.
“The record for the past nine months is clear: Even Republicans think Kelly Loeffler is serving herself, not Georgians,” Floyd said.
Loeffler and his GOP counterpart Jon Ossoff will face Democratic candidates Raphael Warnock and David Perdue in the January 5 second round. Both races are already attracting national interest from both parties as the results will determine which party takes control of the Senate.
Democrats will need to win both races to achieve a 50-50 tie, in which case Vice President-elect Kamala Harris will provide the deciding vote on bills requiring a tie-breaker.
Newsweek contacted the Loeffler campaign for further comment but received no response until publication.