Ultimate College Softball
Sign up Calendar Latest Topics
 
 
 


Reply
  Author   Comment  
Softballfanatic

Registered:
Posts: 1,151
Reply with quote  #1 
Funny...I thought that the Republicans were the party of the wealthy! This article seems to indicate otherwise! 27 of the top 50 are Democrats, including 7 of the top 10!!
 
Wed Sep 1, 1:13 pm ET

Richest lawmakers grew wealthier as economy faltered

John Kerry and Teresa Heinz Kerry clasp hands at a 2004 fundraiser

The rest of the country is still struggling with high unemployment amid a sluggish-at-best economic recovery -- but the wealthiest members of Congress are in high cotton. Indeed, the top 50 wealthiest lawmakers saw their combined net worths increase last year, according to the Hill's annual analysis of financial disclosure documents.

Combined, the 50 lawmakers were worth $1.4 billion in 2009 -- an $85.1 million increase over their 2008 total -- the Hill reports. The members' total combined assets depreciated by nearly $36 million last year -- but Congress' well-to-do set also reduced their debts by a combined $120 million.

The list of 50 lawmakers spans both parties (27 Democrats and 23 Republicans) and both chambers of Congress (30 House members, 20 senators), the Hill reports.

Democratic Sen. John Kerry of Massachusetts topped the list for the second year in a row; Republican Rep. Michael McCaul of Texas made his debut in the top 10.

Here are profiles for the 10 most flush Hill power-and-money brokers:

1. Sen. John Kerry (D-Mass.): $188.6 million. Kerry's worth, which grew by $20 million in 2009, stems from his wife's assets. Teresa Heinz Kerry, of the Heinz ketchup family, inherited hundreds of millions upon the death of her previous husband, Sen. John Heinz.

2. Rep. Darrell Issa (R-Calif.): $160.1 million. Issa actually saw his minimum net worth drop by $4 million, partly due to the poor performance of a single investment fund. Issa's fortune stems from investments he and his wife made in the electronics market. Their company eventually became the largest producer of car anti-theft devices in the country. They sold the business in 2000.

3. Rep. Jane Harman (D-Calif.): $152.3 million. Harman is married to audio-equipment mogul Sidney Harman; stock holdings from his company, Harman International Industries, helped Harman's net worth grow by $40 million last year. Sidney Harman is in the process of purchasing Newsweek; the magazine's massive debts will presumably drag down Harman's 2010 disclosure numbers a bit.

4. Sen. Jay Rockefeller (D-WVa.): $83.7 million. No surprise here: The Rockefeller family name has for generations been a byword for fabulous riches. (Rockefeller's great-grandfather John Rockefeller was an oil magnate; inflation-adjusted figures still peg the founder of the Rockefeller fortune as the wealthiest man in history.) But the senator's uptick in personal wealth last year came mainly from his wife's investments.

5. Rep. Michael McCaul (R-Texas): $73.8 million. McCaul saw his net worth double last year, mostly owing to stocks held by his wife. McCaul's father-in-law founded the radio empire Clear Channel Communications.

6. Sen. Mark Warner (D-Va.): $70.2 million. Warner made millions through investments in the cell phone industry, including the Nextel company.

7. Rep. Jared Polis (D-Colo.): $56.5 million. Before his 2008 election to Congress, Polis made a fortune in online enterprises, transforming his family's greeting card company into BlueMountain.com and founding ProFlowers.com.

8. Rep. Vern Buchanan (R-Fla.): $53.5 million. Buchanan grew wealthy as the owner of multiple auto dealerships in Florida.

9. Sen. Frank Lautenberg (D-N.J.): $49.7 million. Lautenberg co-founded a payroll services company in the 1950s that became one of the industry's global leaders.

10. Sen. Dianne Feinstein (D-Calif.): $46.1 million. Most of the California lawmaker's wealth comes from real-estate holdings and investments made by her husband.


__________________
Jerry Wallace "For The Love Of The Game"
POV

Registered:
Posts: 2,714
Reply with quote  #2 

What's your point? 

GoHawks

Registered:
Posts: 484
Reply with quote  #3 
Quote:
Originally Posted by POV

What's your point? 

I think it's the breaking news that lawmakers are wealthy.

oldscout

Registered:
Posts: 3,492
Reply with quote  #4 
Kind of makes me feel good to see so many of them that feel our pain & are in this recovery WITH US.
Heck, if they wanted they could probably finance the recovery themselves

__________________
Terry Schneider
" Fear not tomorrow, God is already there ".
oldscout

Registered:
Posts: 3,492
Reply with quote  #5 

Here in Mizzo,the Republicans or Democrats don't get it......for the open Senate seat they give us 2 candidates that them and their families have been milking the taxpayers for a living for years in various political offices.

I wouldn't vote for either of them if you paid or begged me.

Carnahan or Blunt...choose your poison.


__________________
Terry Schneider
" Fear not tomorrow, God is already there ".
JoiseyGuy

Registered:
Posts: 24,423
Reply with quote  #6 
old scout - Sounds to me like politics in our USA everywhere.
__________________
"Freethinkers are those who are willing to use their minds without prejudice and without fearing to understand things that clash with their own customs, privileges, or beliefs. This state of mind is not common, but it is essential for right thinking. Where it is absent discussion is apt to become worse than useless." Leo Tolstoy

"Do not try to teach pigs to sing. It will frustrate you and infuriate the pigs who will unite in anger against you, and you will never achieve singing your song". Dr. Petersen
GoHawks

Registered:
Posts: 484
Reply with quote  #7 

The wealthy (including lawmakers) aren't hurting in spite of the economy.  Just the opposite.  Which makes the fact they're going to end up renewing the Bush tax cuts sickening (but not surprising).

JoiseyGuy

Registered:
Posts: 24,423
Reply with quote  #8 
Go Hawks - And you thought that a bunch of middle class people made the laws??
__________________
"Freethinkers are those who are willing to use their minds without prejudice and without fearing to understand things that clash with their own customs, privileges, or beliefs. This state of mind is not common, but it is essential for right thinking. Where it is absent discussion is apt to become worse than useless." Leo Tolstoy

"Do not try to teach pigs to sing. It will frustrate you and infuriate the pigs who will unite in anger against you, and you will never achieve singing your song". Dr. Petersen
oldscout

Registered:
Posts: 3,492
Reply with quote  #9 

To top it off all these rich people will get the best pension plan on earth & great health care for their years of hard work,travel away from family,long hours,poor working conditions,etc. & on top of it all ,think of the hours waiting in line at airports,flying coach in the middle seat,eating a quick bite from a vending machine & paying for their own meals, having to change HC plans every year to keep the costs down.......oh,I feel for these patriots that sacrifice for their country & stay on no matter the pain.


__________________
Terry Schneider
" Fear not tomorrow, God is already there ".
Previous Topic | Next Topic
Print
Reply

Quick Navigation:

Easily create a Forum Website with Website Toolbox.