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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
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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

3.94  ·  Rating Details ·  667 Ratings  ·  105 Reviews
THE BOOK WASHINGTON DOES NOT WANT YOU TO READ

How is it that politicians often enter office with relatively modest assets, but then, as investors, regularly beat the stock market and sometimes beat the most rapacious hedge funds? How did some members of Congress know to dump their stock holdings just in time to escape the effects of the 2008 financial meltdown? And how is i
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Paperback, 240 pages
Published August 7th 2012 by Mariner Books (first published January 1st 2011)
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Community Reviews

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Maria
Nov 20, 2011 Maria rated it it was amazing  ·  review of another edition
"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
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Dave Lefevre
Dec 21, 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 15, 2011 Tom rated it it was amazing  ·  review of another edition

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
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Jon
Nov 25, 2011 Jon rated it liked it  ·  review of another edition
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
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Naomi
Nov 24, 2011 Naomi rated it it was amazing  ·  review of another edition
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
David
Jun 04, 2012 David rated it liked it  ·  review of another edition
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
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Kurtbg
Apr 05, 2014 Kurtbg rated it really liked it  ·  review of another edition
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
Michael
Jan 30, 2012 Michael rated it really liked it  ·  review of another edition
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
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
Nov 18, 2011 Lois rated it liked it  ·  review of another edition
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
Juliana Philippa
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...
Greg
Nov 20, 2011 Greg rated it it was amazing  ·  review of another edition
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.
Loren
Nov 18, 2011 Loren rated it it was amazing  ·  review of another edition
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
Book
Apr 04, 2014 Book rated it really liked it  ·  review of another edition
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
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Alex
Nov 04, 2013 Alex rated it liked it  ·  review of another edition
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
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Allison
Jan 21, 2012 Allison rated it it was amazing  ·  review of another edition
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
Bruce
Jul 12, 2013 Bruce rated it really liked it  ·  review of another edition
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
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Royce
Jan 18, 2013 Royce rated it it was amazing  ·  review of another edition
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
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Mike Emett
Aug 15, 2014 Mike Emett rated it it was amazing  ·  review of another edition
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
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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
Michael
Dec 07, 2011 Michael rated it really liked it  ·  review of another edition
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
Austin Somlo
Jul 26, 2016 Austin Somlo rated it it was amazing  ·  review of another edition
Throw Them All Out is a sickening read about how politicians use their office to make money for themselves with no regard for public service.

I've always said politicians were corrupt, but I didn't realize how they did it until I read the book. Hence, Peter Schweizer provides a clear blueprint of the process and names names. Consequently, the message is: Throw them all out. He proposes passing laws to keep the politicians honest, but that's weak because those who have the power to pass the laws a
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Terry
May 15, 2014 Terry rated it liked it  ·  review of another edition
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
Tina
Feb 12, 2012 Tina rated it really liked it  ·  review of another edition
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
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Dennis
Feb 13, 2012 Dennis rated it it was amazing  ·  review of another edition
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
Mat
Dec 29, 2011 Mat rated it it was amazing  ·  review of another edition
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
Jeremy
Nov 08, 2013 Jeremy rated it really liked it  ·  review of another edition
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
Alex Schmitz
Nov 20, 2016 Alex Schmitz rated it really liked it  ·  review of another edition
a very good book that talked about some shady things congressman do that are legal and grey area to make money including insider trading land deals favors, etc. the book made me upset to read, the stuff that is going on needs to be known by the public. public dollars being spent by the billions to advance the friends of the powerful and the powerful themselves.

when i read the acknowledgments i was somewhat disturbed when the first person the offer thanked was steve bannon. i have read some ver
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Frank Roberts
Nov 26, 2011 Frank Roberts rated it really liked it  ·  review of another edition
"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
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Kevin
Dec 14, 2011 Kevin rated it did not like it  ·  review of another edition
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
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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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