Georgians suffered, yet Perdue cashed in and made millions using insider information and conducting questionable stock trades.

“Early this year, Senator David Perdue, Republican of Georgia, sold more than $1 million worth of stock in the financial company Cardlytics, where he once served on the board. Six weeks later, its share price tumbled when the company’s founder announced he would step down as chief executive and the firm said its future sales would be worse than expected.”

As the ravages of the novel coronavirus forced millions of people out of work, shuttered businesses and shrank the value of retirement accounts, the Dow Jones Industrial Average plunged to a three-year low.”

AN OUTSOURCING EXPERT

Perdue got rich &  American's Lost Their Jobs

Perdue sold off roughly 20% of his stake in Cardlytics, for which he once sat on the board, after CEO Scott Grimes emailed him in January referencing “upcoming changes,” and soon before the coronavirus pandemic prompted an economic shutdown. His office claimed at the time that the stock sale was not the senator’s idea.

“U.S. Sen. David Perdue’s financial portfolio saw heavy trading during the month of March, a period during which Congress passed three different spending bills to address the spread of COVID-19 and the markets took a turn for the worse.”

Perdue specialized throughout his career in finding low-cost manufacturing facilities and labor, usually in Asia.”

"Mr. Perdue, who faces one of two runoff elections in Georgia that will determine control of the Senate, built a business record that shifted manufacturing and jobs overseas."

“Two weeks after Sen. David Perdue (R-GA) helped to dilute a rule that governed the prepaid debit card industry, he reported acquiring stock in a company that stood to benefit from the rollback of those regulations.

STAY INFORMED

PAID FOR BY GEORGIANS FIRST LEADERSHIP COMMITTEE

"In fact, Perdue was a top executive at some of the country’s best-known consumer brands, spending years in Hong Kong and Singapore, which he used as bases to travel across Asia to take advantage of the region’s lower-cost workforces." 

THE INSIDE STORY

Perdue's Inside Deals & a Trump Led Investigation 

LASTING IMPACTS OF DAVID PERDUE

ENRICHING HIMSELF 

COVID Struck, Perdue Benefited & Georgians Suffered

Days after he purchased Pfizer stock,on the 28th, he issued a news release reporting that he had regularly attended briefings led by the coronavirus task force; records subsequently showed that he had bought the third tranche of Pfizer shares that same day.”

N.C. Job Losses Spur Anger, Fear In Textile Belt
Source:  Institute for Agriculture & Trade Policy

"When textiles started going bad, nobody did anything," said Lester Adkins Jr.

"I don't care if they're Republican, Democrat, Libertarian, whatever. Their policies are costing us our jobs."

"We are losing those jobs in a severe way," North Carolina Commerce Secretary Jim Fain said.

THOUSANDS LEFT JOBLESS AS 16 PLANTS CLOSE DOORS
Source: Greensboro News & Record

"There's people out there who aren't going to have enough money for food, for their kids, for school supplies."

"Pillowtex is just the latest in a long line of textile companies that have fallen prey to low-cost manufacturers abroad, particularly in Asia."

"5 years ago, that was the view from Kannapolis... 4600 people with the rug pulled out from under them."

Pillowtex Shutdown: Five Years Later
Source: WBTV

"37 years on the job came to an abrupt end...times were bad, foreclosures and repossessions rose dramatically."

"You sit here waiting, wondering what tomorrow is going to be."

"I'm downhearted, it's devastating."

"The combination of loosened trade restrictions, competition for cheap labor and the recession has cost the region 25,062 jobs in three years."

"Pillowtex, maker of Cannon and Fieldcrest towels, filed for bankruptcy protection last week, dismissing 6,450 workers... in the largest single-day layoff in North Carolina history."

A North Carolina Town, Unraveled
Source: The Washington Post

"Here and across the country, the storied textile industry -- which plucked generations of farmers from their fields and lifted many to the middle class -- is vanishing..."

"The mills have lost 29,000 jobs, triple the number lost by the same time last year, government figures show, leaving just 448,400 -- half the number that existed in 1970."

"It is a lost generation in the workforce," said Michael Walden, an economics professor at North Carolina State University in Raleigh.

"It's almost like a natural disaster when you're trying to triage people," Kannapolis City Manager Michael G. Mahaney said. "Okay, this person is in desperate condition. This person will be okay for a week. It's just that bad."

"One of the problems this company had was overburdened with domestic manufacturing capacity."

DAVID PERDUE IN HIS OWN WORDS
Source: Deposition of Former Senator David Perdue

"Questioner: How much of the production was --
Perdue: They didn't know. They felt like certainly 
a majority would have to be sourced out."

"Required to convert certain production from domestic factories to Third World -- or predominately Asia sourcing."