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
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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

3.91 of 5 stars 3.91  ·  rating details  ·  418 ratings  ·  86 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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Maria
"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
Tom

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
Dave Lefevre
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
Naomi
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
Feb 04, 2012 Jon added 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
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
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
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
Lois
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
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
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
Nov 22, 2011 Juliana 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
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
Allison
Feb 03, 2012 Allison rated it 5 of 5 stars
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
"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
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
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
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
Michael
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
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
Carl Phillips
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.
Tina
This is THE book that everyone needs to read before the next election........it doesn't stick to just one party of corruption but lists both sides and shows how they are using their positions in government to stack the deck so that they can profit while the rest of us work our fingers to the bone sometimes just to get by financially.

I know that regular government employees have to fill out financial statements that are checked and re-checked to see if there are any discrepancies in personal fin...more
Mat
A mountain of proof - if any were needed - that money must be removed from politics. Essential reading for anyone interested in the Occupy movement. It criticises both Democrats and Republicans, which may surprise some, as the author has worked as a foreign policy adviser to former Republican Governor of Alaska Sarah Palin. His previous books include 'Makers and Takers: Why conservatives work harder, feel happier, have closer families, take fewer drugs, give more generously, value honesty more,...more
Herman Kappes
The only bad thing about this book is that it gave me a very real idea of the financial corruption that is allowed to happen with our career politicians, and I'm still just as helpless in regard to being able to fix it. Great, eye opening read.
Dennis
Feb 13, 2012 Dennis rated it 5 of 5 stars
Recommends it for: Everybody
Recommended to Dennis by: A friend
The author does a concise, but complete job of making a case for the Legislative and Executive branches of government use of insider trading and crony capitalism to enrich themselves and their friends and campaign contributors. If you wonder why Congress' approval rating is around 10 percent, this book will clear it up for you. The subject matter leaves one frustrated about how little a voter can do to bring about change. The power brokers in the House and Senate benefit from this corruption, he...more
Warren
Every voter should read this book. It is not about political parties; it is about politicians benefitting financially from their "insider" knowledge. Any reader will be appalled by the lack of rules and lack of scruples within our legislative and executive branches of government.
Frank Roberts
"The more power the government has to pick winners and losers, the more power rich people will have relative to poor people."

This book is a startling and breathtaking expose of the corruption and cronyism rife in both the Executive and Legislative Branches, and in both parties. Insider trading, earmarks, extortion by the threat of taxation or regulation, real estate investments based on government access, grants and federally guaranteed loans, "stimulus" and bailouts, sweet board positions for f...more
Jeremy
WARNING: Do not read this book, unless you want to be pissed at each and every member of Congress in the last 50 years. The title of this book is as accurate as it is long, that is to say, very. It is written from a non-partisan point of view, skewering Democrats and Republicans alike. Mr. Schweizer has meticulously researched the source material, and it shows in the thousands of footnotes. Let this also serve as a warning for any who, like myself, feel the need to run down every single footnote...more
Kevin
I hated this book. I know everyone likes to rail about how corrupt members of Congress are, but this is sloppy. Broad generalizations, reckless accusations...argh. Does he realize that the Library of Congress posts every bill? Does he know that every smart political observer knew that (1) the public option wasn't going to survive the health care fight, and (2) that the final bill was good for pharmaceutical companies? There are a couple of examples of shady behavior, but by the end, I thought th...more
Lee
This book chronicles how members of Congress use their positions to enrich themselves. Buy some farmland and then put through an earmark to build a highway or highway exit right by the land perfectly legal by the rules of the House and Senate. Get in on hot IPO's offered by brokerage firms no problem. Sit on the Armed Service Committee and use information to trade defense stock once again no problem. While the book is a bit dry and requires a little bit of financial acumen to understand it helps...more
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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
More about Peter Schweizer...
Do As I Say (Not As I Do): Profiles in Liberal Hypocrisy Reagan's War: The Epic Story of His Forty Year Struggle and Final Triumph Over Communism Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets Disney: The Mouse Betrayed: Greed, Corruption and Children at Risk The Bushes: Portrait of a Dynasty

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