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Throw Them All Out: How Politicians and Their Friends Get Rich Off of Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison

3.94  ·  Rating Details  ·  617 Ratings  ·  102 Reviews
One of the biggest scandals in American politics is waiting to explode: the full story of the inside game in Washington shows how the permanent political class enriches itself at the expense of the rest of us. Insider trading is illegal on Wall Street, yet it is routine among members of Congress. Normal individuals cannot get in on IPOs at the asking price, but politicians ...more
Hardcover, 211 pages
Published November 15th 2011 by Houghton Mifflin Harcourt (first published January 1st 2011)
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Community Reviews

(showing 1-30 of 1,477)
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Maria
Nov 21, 2011 Maria rated it it was amazing
"At the root of the Permanent Political Class is a profound sense of arrogance" (Schweizer).

This is a book for grown folks of all political stripes who are tired of buying slogans over statistics, or for those who never did to begin with.

Essentially, “Throw Them All Out” is a modern American manifesto.

Schweizer painstakingly details and connects dots that reveal the scope of government and corporate corruption throughout approximately the last decade. There is a more pronounced focus on the fe
...more
Dave Lefevre
Dec 26, 2011 Dave Lefevre rated it liked it  ·  review of another edition
Shelves: political
This is another of the long list of books that certain people should read but never will. This book takes a look at the growing corporate/congress complex and highlights the fact that Congressional politicians are making MILLIONS and sometimes even BILLIONS of dollars by acting on their inside knowledge of upcoming government actions. On average Congresscritters do many percentage points better in their stock and real estate investments than the average Joe. Are they just smarter? Well, maybe, b ...more
Tom
Nov 19, 2011 Tom rated it it was amazing

I generally do not recommend books to people, probably because i have never cared enough. However, I just finished reading "Throw Them All Out". This book provides very specific examples of how our corrupt government (both parties) is using their political power to enrich themselves and their wealthy connections at the expense of the taxpayer.

If anyone has even a modicum of interest in learning... why things are not getting better for the average American, this is a must read. It is a short, qu
...more
Naomi
Dec 23, 2011 Naomi rated it it was amazing
Friggin' Unbelievable...Those are the only words I can use to describe this book. The author laid out well the "Let them eat cake" mentality which is permeating Washington (with no political preference) on multiple levels. In my opinion, a must read for every US citizen not currently holding office in Washington or in any state capital(cuz I am sure the same stuff happens there)to open our eyes to the Political Class and all of their dirty dealings which would send the average US citizen to jail ...more
Jon
Dec 16, 2015 Jon rated it liked it
Throw Them All Out catches what's really irking the Tea Party and Occupy Wall Street: politicians and investors are making crony business deals that the rest of us would go to jail for. Throw Hastert, Pelosi, Obama, Boehner, Kerry, Buffet, and Soros in that mix. And then throw them out.

This book captures the contemporary zeitgeist, and while I wish it would have skewered more guilty Republicans (there are so many), it's an important book for the 99% of us who think that cronyism should be illega
...more
Kurtbg
Apr 19, 2014 Kurtbg rated it really liked it
Shelves: politics, fiction-non
Peter Schweizer uncovers that congressman are apparently exempt from insider trading laws and researches into how the buying and selling of stock often appears to conflict with their writing of laws. Reinforcing the notion of the 'Political Class' he illustrates with cases of both democrats and republicans who leverage their access and control to benefit themselves and others via insider trading and gaining access to IPO's in ways that any other citizen would be charged and arrested for insider ...more
David
Jun 04, 2012 David rated it liked it
very one-sided (author's affiliation with the Hoover Inst. should have been my first clue) in taking down liberal politicians only. Dick ("Halliburton") Cheney doesn't even appear in the index, whereas Nancy Pelosi, John Kerry, and Barack Obama come in for rough treatment, and Obama's stimulus grant process gets a thorough once-over.

Some of it is also numbingly detailed (and here's example #356 of a congressperson pushing for an earmark in favor of a road improvement that just happens to improve
...more
Michael
Jan 30, 2012 Michael rated it really liked it
What a delightful book. This is a fairly detailed exposé of legal graft, insider trading, “crony capitalism,” and so forth by one particular governmental branch. Now I understand why State Senators have to rely on petty bribery, drug dealing, and shoplifting to supplement their incomes. For they don’t control the funding of the agencies that are supposed to police activities labeled criminal for everyone except those in the House and Senate who… control the funding of these agencies. They probab ...more
Terry Cornell
Mar 11, 2015 Terry Cornell rated it really liked it
Should be required reading for anyone of voting age. Well researched and documented book that reveals how politicians, Congressmen in particular, game our system to become wealthy while in office. Also explaining why they are so determined to gain re-election. No matter your political stripe, Schweizer has plenty of examples from both sides of the aisle. Congress has made themselves exempt from many of the same rules that effect their constituents and corporations. Whether it be insider trading, ...more
Lois
Feb 10, 2012 Lois rated it liked it
Shelves: nonfiction
Now we all know how to increase our wealth in this down economy, run for office and become a legislator! Although this book had too much detail for my liking, it truly makes me angry that our legislators are using inside information to trade stocks and increase their wealth while in office or providing funding to their friends and family. We, as citizens, need to demand some type of Freedom of Information Act that require legislators to open their "books" for scrutiny by the public. After all, a ...more
Book
Apr 04, 2014 Book rated it really liked it
Throw Them All Out: How Politicians and Their Friends Get Rich Off Insider Stock Tips, Land Deals, and Cronyism That Would Send the Rest of Us to Prison by Peter Schweizer

“Throw Them All Out” is an eye-opening expose of how politicians in Washington have made politics into a prosperous business. Research fellow, consultant and author, Peter Schweizer provides a relentless account of practices that would send anyone other than a politician to prison but allows them the path to legal riches. This
...more
Greg
Nov 23, 2011 Greg rated it it was amazing
This is an eye-opening revelation of the corruption that is "legal" for Congress, but which would land any of the rest of us in prison. Insider trading, self-serving land deals, quid-pro-quo deals, conflicts of interest, extortion, etc. are all apparently ethical for Congress. The author provides specific examples of many of the most influential members of Congress participating in the corruption in the name of public service.
Juliana Philippa
Nov 22, 2011 Juliana Philippa marked it as to-read
Newsweek Magazine - "The Wonk Who Slays Washington"
(Nov 13, 2011 10:00 AM EST)
http://www.thedailybeast.com/newsweek...

WBUR, On Point with Tom Ashbrook - "Dirty Politics And Big Money"
(Thursday, November 17, 2011 at 10:00 AM EST)
http://onpoint.wbur.org/2011/11/17/di...
Loren
Dec 04, 2011 Loren rated it it was amazing
An incredible book detailing just how much corruption, graft and insider trading there is in the U.S. Congress & Executive Branch. The fact that these individuals have the ability to do things that no private citizen or even many state officials could do is disgraceful. And its absolutely both sides of this, few are clean from this graft. Read it, get honked off, do something about it
Johns
Apr 12, 2016 Johns rated it it was amazing
Here's the best quote so far from the introduction (page XIX): "If you have a seat at the table, [Congress members] you're in for a feast. If you don't have a seat at the table, [Taxpayers] you are probably on the menu." What is it that U. S. voters don't get about Term Limits, eh? THROW ALL THE BUMS OUT and start over! This book is especially pertinent as we learn the 2012 election results and an irresponsible Congress will be allowed to keep its heavy foot on the pedal as they drive us over th ...more
Mike Emett
Jun 30, 2015 Mike Emett rated it it was amazing
Wow! Within the first chapter alone my blood was boiling. I had already known of the cronyism going on in DC, but to see more specific and recent examples just pissed me off more. The last chapter makes some suggestions as to how to handle this; I say why not apply them? They in Washington work for us, not for themselves, they must be kept honest or simply kicked out!

Oh and for those apparent Democrats whom have written reviews for this book: it is pretty damn obvious you have either not read t
...more
Allison
Feb 03, 2012 Allison rated it it was amazing
Recommends it for: people interested in the financial markets, government corruption/political favors
"We despise professional athletes who bet on their own games. Why don't we feel the same way about politicians who bet on the outcome of legislation? The stakes are surely higher." Throw Them All Out gives a frightening account of the hypocritical way that insider trading and conflict of interest laws simply do not apply to our members of Congress. For years, members of Congress have been able to benefit off of inside information and amass great personal wealth at the expense of American taxpa ...more
Alex
Dec 25, 2014 Alex rated it liked it
Shelves: history, philosophy
"Throw Them All Out" by Peter Schweizer documents exactly what the subtitle suggests: How politicians and their friends get rich off of insider stock tips, land deals and cronyism that would send the rest of us to prison. I would add that the author is quite specific and documents the misdeeds of Nancy Pelosi, Diane Feinstein, and the friends and contributors to President Obama's campaign including Warren Buffet.

Frankly it is easy to understand if one just thought about it. If a politician is wo
...more
Royce
Jan 22, 2013 Royce rated it it was amazing
Firstly, if you are the type who disagrees with facts if they make the political party you cheer for look bad this book might not be for you. This book predominantly examines graft of Democrats with a focus on billions of dollars handed out by the Obama administration. At no point does the author say Democrats have the Congressional insider trading market cornered but I know how angry some of the more irrational folks get about these things.

Basically the book is a quick read, some may find it t
...more
Bruce
Jul 12, 2013 Bruce rated it really liked it
Shelves: non-fiction
A superb look inside the "cronyism" that Washington, DC has become. Members of the elite permanent political class (i.e. "the Establishment) trade on insider information that is influenced by their own actions. Mr. Schweitzer takes to task members of BOTH political parties in Congress for "mammon knoweth no party label" when it comes to the personal enrichment of the "people's representatives".

A new spoils system has replaced old ones. Mr. Schweitzer's insightful investigations reveal what many
...more
Terry
Jun 20, 2014 Terry rated it liked it
The overall theme of the book is about crony capitalism and I agree with the premise that it is legal corruption. There is at least one example early in the book of a congressman benefiting from insider information that is not only false, but a patent misrepresentation of the facts. It is such an egregious error that it lowered my rating on the book and casts discredit on all of the other examples on which I do not have the facts. I know it is false because it is about the company that I lead an ...more
Matthew Miller
Mar 11, 2015 Matthew Miller rated it it was amazing
"We despise professional athletes who bet on their own games. Why don't we feel the same way about the politicians who bet on the outcome of legislation?"

Focusing mainly on Congress, he details actual incidences from leaders in all levels of power and political parties. The recommendations he makes at the end of the book regarding trading, lobbying, whistle-blowing, legislation, grants and subsidies should be in place.
Michael
Feb 10, 2012 Michael rated it really liked it
This is the first conservative leaning (author is from the Hoover Institute) book that I have read that I really enjoyed. Schweizer makes compelling arguments that politicians on both sides (though he really harps on Pelosi and Obama) use their political power to direct taxpayer money towards their friends and their respective companies. He takes a look at financial statements, stock transactions, loan payments, and real estate value. In each statement he makes, he does a good job of comparing i ...more
Jared Lovell
Aug 14, 2012 Jared Lovell rated it liked it
Good book. A unique topic that needs even more exposure in the future - the legal corruption that exists in Washington D.C. Schweizer does a good job of at least lifting the lid and giving the reader a glimpse of the bipartisan cesspool. Although, I was disappointed in his conclusions and what he proposes as remedies to the problem. Unfortunately, there is no mention of the fact that most of the problem stems from the fact that 99% of what the federal government does is unconstitutional. There w ...more
Mark
Aug 02, 2015 Mark rated it really liked it
The author does a good job giving examples from the recent past of crony capitalism by our elected officials and their business connections. All accounts are in the past since disclosure doesn't occur until twelve to eighteen months afterwards. Even though these action are deemed ethical, most would agree these dealings go beyond acceptable. Billions of dollars in taxpayer money given away to friends, campaigns, cronies disguised as a common good. Public officials need to remember their vote bel ...more
Carl Phillips
Aug 08, 2014 Carl Phillips rated it liked it
The author puts forth some pretty convincing evidence that we have some really corrupt people in Congress. They play by another set of rules that supports unethical, illegal and immoral behavior. Insider information enables them all to leave Congress very wealthy. It touches people that I previously respected.
Don
May 30, 2016 Don rated it liked it
If you have ever complained about a politician, your government, the political process, crony capitalism or the cesspool that is Washington, D.C., then you must read this book.

After reading this book, you should feel sufficiently violated, that you will never trust a politician of any political persuasion, again.
Garret Rose
What is illegal for everyone (including CEO's) is perfectly legal for politicians. Democrat or Republican and everything in between (or on the fringes) should read this book. You will be angry, but motivated to do something about this injustice!
Thomas
Aug 12, 2015 Thomas rated it it was amazing  ·  review of another edition
US Congress Most Demented and Corrupt Organization in History

The subject line above says it all. It is disgusting what these people are doing to our country. It isn't Democrats or Republicans - it is all of them together.
Robert Trammel
May 13, 2015 Robert Trammel rated it liked it
Shelves:
Opened my eyes. Always thought there was a method to politians madness. But this got my attention to the real access politians have and why they are so eager to pass some legislation. And doing it for the people is not always their motivation
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PETER SCHWEIZER is a research fellow at the Hoover Institution, Stanford University. From 2008-9 he served as a consultant to the White House Office of Presidential Speechwriting and he is a former consultant to NBC News. He has written for the New York Times, Wall Street Journal, Los Angeles Times, USA Today, National Review, Foreign Affairs, and elsewhere. His books include The Bushes, Reagan's ...more
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