Timmy betting BIG against Trump & America

There’s something more than just a wee bit upsetting about a man — whose job includes making decisions that directly impact our national economy — betting big money on our economy tanking. But that’s apparently what we get with our boy Timmy.

Don’t let his frequent utterances of the word “MAGA” and his loitering around RAV and OAN cameras fool you.  It’s the same old Duke of Biscuitville we got to know and love in Raleigh’s post-Tillis era.

He developed his sliminess over years in Raleigh’s legislative building and appears to be fine-tuning it in the Big League in DC:

Republican Rep. Tim Moore is betting big against President Donald Trump’s economy.

Moore, a North Carolina freshman who’s lauded Trump for his economic leadership, has poured up to $245,000 of his own cash into an exotic investment fund that earns him money when a key stock market index falters, according to congressional financial disclosures reviewed by NOTUS.

Known as the Direxion Daily Small Cap Bear 3X Shares fund, the fund “will lose money when the value of the [Russell 2000] index rises because of the fund’s inverse or short exposure — this result is the opposite from a traditional index fund,” according to a fund prospectus submitted to the Securities and Exchange Commission.

“The fund’s assets will increase in value when the index’s value falls. The fund’s assets will decrease in value when the index’s value increases,” the fund prospectus states.

Between late June and late August, Moore has made six Direxion Daily Small Cap Bear 3X Shares fund purchases, congressional disclosures indicate.

The two most recent occurred on Aug. 25, when Moore invested between $50,001 and $100,000 in the fund, and on Aug. 28, when he invested between $15,001 and $50,000, records show. (Lawmakers are only required to disclose trade values in broad ranges.)

Moore’s congressional office did not respond to NOTUS’ requests for comment this week by phone and email.

“Given uncertainty around tariffs and the general volatility of the White House, I can’t say I blame anyone for predicting economic troubles ahead,” said Dylan Hedtler-Gaudette, acting vice president of policy and government affairs nonpartisan watchdog group Project on Government Oversight.

Moore has publicly offered a sunny assessment of Trump’s economic strategies.

The congressman has, for example, supported Trump’s tariff declarations and said last month that Trump’s tax-cut policies are “going to spur the economy, which, by the way, we are already seeing happen already” — a signal that “America is back.”

But Moore’s bearish stock plays represent an apparent shift in his personal investment strategy: From early this year until mid-July, Moore was betting on a strong economy, moving hundreds of thousands of dollars into the Direxion Daily Small Cap Bull 3X Shares fund — the inverse of the bear-market fund — which made him money when the Russell 2000 index performed well. Moore has not invested in the bull-market fund since, according to congressional disclosure records.

The Russell 2000 is a broad index that generally tracks the performance of small-cap stocks.

Moore has quickly established himself as one of Congress’ more active stock traders while serving as the vice chairman of the House’s Financial Services Subcommittee on Oversight and Investigations.

In June, Moore violated the Stop Trading on Congressional Knowledge Act’s disclosure provisions by failing to properly report hundreds of thousands of dollars in personal stock purchases he made immediately before or after Trump’s “Liberation Day” tariff declaration on April 2, Fortune reported.

A bipartisan coalition in Congress is pushing legislation that would ban federal lawmakers and their immediate family members from buying, selling and potentially owning individual stocks — a proposal government watchdog groups have long pushed.

Among the coalition’s reasons: Some lawmakers, including Moore, have failed to abide by the stock-trading rules enshrined in the current STOCK Act, which they deride as too weak.

“Members of Congress shouldn’t be trading stocks and other similar assets in the first place, full stop. This is true whether they’re betting against the economy, for it, or on the fortunes of individual firms and sectors,” Hedtler-Gaudette said.[…]