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Again: Hillary would like you to know that she struggled to get a mortgage after White House
Hot Air ^ | July 8, 2014 | Mary Katharine Ham

Posted on 07/08/2014 9:37:52 PM PDT by 2ndDivisionVet

Former Secretary of State Hillary Clinton reiterated this week that she and her husband, President Bill Clinton, had trouble getting a home loan after they left their taxpayer funded digs at the White House. Speaking to Der Spiegel magazine in Germany, the former First Lady quadrupled down on her attempts to identify with average voters by explaining the financial hardships of being American political royalty.

“You recently described your financial situation during the presidency of your husband Bill Clinton as dead broke,” says Der Spiegel.

“Well, when we came out of the White House, we were deeply in debt because of all the legal bills that we owed because of the relentless persecution of my husband and myself, and he had to work unbelievably hard to pay off every single penny of every debt we owed. And we did,” Clinton responds.

The magazine posits, “Today, you are multimillionaires. Your husband has earned $104 million with his speeches since 2001.”

To which the former secretary of state responds, “We are very grateful for where we are today. But if you were to go back and look at the amount of money that we owed, we couldn’t even get a mortgage on a house by ourselves. In our system he had to make double what he needed in order just to pay off the debt, and then to finance a house and continue to pay for our daughter’s education.”

This is Clinton’s fourth attempt at clarifying this statement, and it is not getting any better. She had about 20 years to come up with a satisfactory answer to it. Now, she’s had four chances in the last month, presumably surrounded by advisers who specialize in answering such questions well. Even Bill Clinton, who we can all acknowledge has better political skills than his wife, has botched this. Rich Democrats have painted themselves into a (luxurious) corner (with the finest of paints) by facilely portraying wealth itself and wealthy people as the country’s problem. Indeed, some wealthy people inherit large sums, which I don’t find terribly objectionable or indicative of a lack of character. Some make gains through some sort of shady or unappetizing practice— something like, say, politics. But that is a small percentage of the wealthy, American population. Even at the greatest heights of American wealth, on the Forbes 400 list, almost 70 percent are self-made billionaires. Having turned the story of American financial success into a hallmark of moral failing, a rich Democrat is stuck explaining why his wealth is not a hallmark of just that. And, as we’ve heard many times, when you’re explaining you’re losing. Hillary Clinton has lost her fifth round with this trap her party set for her. Color me surprised the press keeps asking about it, but she’s made it damn near irresistible with the ludicrousness of her statements.

Let’s review them.

Take 1: June 9, 2014, to ABC’s Diane Sawyer.

“You have no reason to remember, but we came out of the White House not only dead broke, but in debt. We had no money when we got there, and we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. It was not easy. Bill has worked really hard. And it’s been amazing to me. He’s worked very hard.”

Take 2: June 10, 2014, “Good Morning America”

In her interview with Roberts this morning, Clinton acknowledged that she and her husband, who have both earned millions in speaking fees since leaving public life, have been “blessed in the last 14 years.”

“I fully appreciate how hard life is for so many Americans today,” Clinton told Roberts. “It’s an issue I’ve worked on and cared about my entire adult life.”

She added, “We have a life experience that is clearly different in very dramatic ways from many Americans, but we also had gone through some of the same challenges.”

Take 3: June 11, 2014, with Rahm Emanuel

During an interview in Chicago this morning for her book “Hard Choices,” Emanuel asked Clinton directly about her recent remarks to ABC News.

“Dead broke,” Emanuel said. “Really?”

To some audience laughter at the event for Chicago Ideas Week, Clinton admitted her word choice was not ideal.

“That may have not been the most artful way of saying that Bill and I have gone through a lot of different phases in our lives,” she told Emanuel, a longtime friend and former adviser to President Clinton. “That was then, this is now. Obviously, we are very fortunate. We’ve been given great opportunities.”

Take 4: June 21, 2014, The Guardian

America’s glaring income inequality is certain to be a central bone of contention in the 2016 presidential election. But with her huge personal wealth, how could Clinton possibly hope to be credible on this issue when people see her as part of the problem, not its solution?

“But they don’t see me as part of the problem,” she protests, “because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work,” she says, letting off another burst of laughter. If past form is any guide, she must be finding my question painful.

And, today is Take 5.

When you’ve lost Harry Shearer…

Harry Shearer ✔ @theharryshearer

From "Hard Choices", p. 363: "The Lear jet or the
Gulfstream? I'd toss a coin, but I don't carry money."

9:39 AM - 7 Jul 2014

33 Retweets 22 favorites

Oh, and she’s telling the truth about not reading all of Piketty, but she’s lying about the defense of the child rapist.


TOPICS: Conspiracy; Government; Politics
KEYWORDS: 2016; hillary; wealth

1 posted on 07/08/2014 9:37:52 PM PDT by 2ndDivisionVet
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To: 2ndDivisionVet

Sorry, the wife of a former president doesn’t struggle to get a mortgage. She doesn’t struggle to get anything. I emphatically state “BS”.


2 posted on 07/08/2014 9:43:21 PM PDT by doc1019
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To: 2ndDivisionVet

Their credit score must suck.


3 posted on 07/08/2014 9:47:15 PM PDT by Jet Jaguar (Resist in place.)
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To: doc1019

No wonder they want to make loans accessible to everyone. They could not even lower their sights to buy a home they could afford. Besides all this, I agree with the BS statement.


4 posted on 07/08/2014 9:47:16 PM PDT by taterjay
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To: 2ndDivisionVet

Terry McAuliffe secured their entire mortgage up front with profits made from insider trading with Global Crossing stock.


5 posted on 07/08/2014 9:50:51 PM PDT by Hoodat (Proverbs 29:2)
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To: 2ndDivisionVet

Thank goodness Chelsea was old enough to co-sign for them.


6 posted on 07/08/2014 9:51:16 PM PDT by kempster
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To: doc1019

bump


7 posted on 07/08/2014 9:53:50 PM PDT by GeronL (Vote for Conservatives not for Republicans)
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To: 2ndDivisionVet

Please, let there be a GMA segment in the next two years where Hillary and Michelle swap war stories about hard it was to make ends meet when they were only making a few hundred thousand dollars a year.


8 posted on 07/08/2014 9:54:04 PM PDT by BradyLS (DO NOT FEED THE BEARS!)
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To: Hoodat

http://www.washingtonpost.com/wp-srv/politics/campaigns/keyraces2000/stories/house090499.htm


9 posted on 07/08/2014 9:56:05 PM PDT by doug from upland (Obama and the leftists - destroying our country one day at a time)
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With Some Help, Clintons Purchase a White House - (Sept 3, 1999 - 16½ months before Bill left office)
10 posted on 07/08/2014 9:56:20 PM PDT by Hoodat (Proverbs 29:2)
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To: 2ndDivisionVet
"Again: Hillary would like you to know that she struggled to get a mortgage after White House"

That's what happens when you've never had to pay for anything out of your own pocket. When you're a leech, you don't need to establish credit.

11 posted on 07/08/2014 9:57:32 PM PDT by mass55th (Courage is being scared to death - but saddling up anyway...John Wayne)
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To: 2ndDivisionVet
... because of the relentless persecution of my husband and myself...

And THIS just might be the most troubling line for all who read the interview.

"persecution"?

Was she not paying attention during the Reagan and both Bush presidencies? Those fine men were constantly under (verbal) fire, and none ever whined about "relentless persecution".

Mrs. Clinton, one suspects, is a true score-settler.

If elected, would she see GOPers as bad and evil people who must be gotten even with?

Recalling her "vast rightwing conspiracy" statement, one worries if Mrs. Clinton might be dwelling a bit too much on possibly imaginary "persecution" (I would love to be wrong here, and freely yield to any psych expert to set this worry straight.)

.

12 posted on 07/08/2014 10:02:49 PM PDT by Seaplaner (Never give in. Never give in. Never...except to convictions of honour and good sense. W. Churchill)
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To: Jet Jaguar

I was going to speculate that they probably had “Zero” credit since they’d never owned a house before, probably never even owned a car since they’ve spent their entire lives on the public dole, and after finally being evicted from the Peoples House, had to get a mortgage for the first time (until the millions started rolling in).

Of course it’s grossly unfair that we the taxpayers didn’t just GIVE them a house or two, and some going-away cash, isn’t it? /s


13 posted on 07/08/2014 10:05:00 PM PDT by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
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To: 2ndDivisionVet

I may remember wrong, but during the 1992 campaign I remember the media treating Quayle as the rich kid, but when the two tickets released their personal financial statements, that he was the only one who was not a millionaire of the 4, (HW, Clinton, and Gore and Quayle).

At one point we also learned that Bill’s modest $35,000 salary as governor, was supplemented by $35,000.00 annual cash that the legislature gave him, for his personal management, that I remember as amounting to a hidden salary.
NYT Published: February 5, 1992
“Mrs. Clinton’s career has produced most of the family’s wealth. She is not required to disclose her income, and Mrs. Clinton would not answer questions on the subject. But press reports in Arkansas, based on the Clintons’ tax returns, said her law firm salary for 1989 was $92,000. The couple’s net worth is between $350,000 and $1 million, according to Mr. Clinton’s report to the Federal Election Commission, which requires only that assets and liabilities be listed in ranges. Broad Financial Support

Their holdings include bank accounts, bonds, mutual funds and investment partnerships. The largest asset is Mrs. Clinton’s share of her firm’s profit sharing and retirment plan, valued between $100,001 and $250,000.”

Chart: “The Clintons’ Financial Picture” ASSETS Real estate and investments (mainly in Hillary Clinton’s name): $416,000-1,167,000 1990 Income His salary as Governor: $35,000 His fees for appearances: $5,500 Her salary: Disclosure not required Her fees for appearance: $10,337 Other income (mainly from investments): $37,620-101,900 LIABILITIES: $65,000-150,000 TOTAL NET WORTH: Between $315,000 and $1,100,000 (Source: Federal Financial Disclosure Reports)


14 posted on 07/08/2014 10:20:25 PM PDT by ansel12 (LEGAL immigrants, 30 million 1980-2012, continues to remake the nation's electorate for democrats)
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To: bigbob

If you go shopping for a home worth $1.33 million (I checked and that’s the value of the NY home of the Clintons)...most banks would handle the loan as long as you put down roughly half the down-payment. In this case, I’d take a guess that they absolutely didn’t want to put down more than $200k (absolute max), and wanted to make significant monthly payments. I’d suggest that some banks might look at the situation and automatically approve it, but some banks might frown (even if he was an ex-president) and just suggest another bank might be better suited for them.

One of the great shocks occurred in the initial months of the Clinton period in DC....when various small-town players from Arkansas were brought into DC to participate in high-stakes politics. They were used to Little Rock home prices and were not exactly believing in the DC value of $250k (at the time) for an upscale four-bedroom. I had an individual describe the meeting between himself, the realtor and the Clinton-appointee for a nice upscale home over in Arlington. The wife was all charmed by the place, but the husband just quietly sat there and fumed at the pricing level. He didn’t have $75k to put down and keep the monthly mortgage within reason. Whatever he was paid in salary....was going to be eaten up drastically by the mortgage.


15 posted on 07/08/2014 10:24:38 PM PDT by pepsionice
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To: 2ndDivisionVet

so she’s trying to play poor AGAIN!??????????????

wow! she must have a (guilty, of course) conscious after all!

amazing!

who’d have thought?!


16 posted on 07/08/2014 11:11:02 PM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: 2ndDivisionVet

so she’s trying to play poor AGAIN!??????????????

wow! she must have a (guilty, of course) conscious after all!

amazing!

who’d have thought?!


17 posted on 07/08/2014 11:11:54 PM PDT by faithhopecharity ((Brilliant, Profound Tag Line Goes Here, just as soon as I can think of one..))
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To: 2ndDivisionVet

If they struggled to get a mortgage, then was she a bad credit risk? If so, then she shouldn’t be president because she can’t even manage her personal finances.


18 posted on 07/09/2014 12:10:26 AM PDT by Irenic (The pencil sharpener and Elmer's glue is put away-- we've lost the red wheelbarrow)
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To: 2ndDivisionVet

Her buddy, Senator Chris Dodd, probably got her a sweetheart deal with Countrywide.


19 posted on 07/09/2014 3:35:22 AM PDT by OrioleFan (Republicans believe every day is July 4th, Democrats believe every day is April 15th.)
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To: BradyLS

Hillary and Michelle swap war stories about hard it was to make ends meet...
++++++++
http://www.cmoore.com/funstuff/humor/mp.script.weweresopoor.php


20 posted on 07/09/2014 4:13:20 AM PDT by RetSignman (obama: "For the love of Alinsky, how much more do I have to do to get them to impeach me"?)
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To: 2ndDivisionVet

That’s right, keep on talking...


21 posted on 07/09/2014 4:26:45 AM PDT by servo1969
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To: 2ndDivisionVet
So she admits they were so inept in managing their finances the debt they accrued prevented them from buying a house?

LOL! Stop digging, Hillary!

22 posted on 07/09/2014 4:31:12 AM PDT by MamaTexan (I am a Person as created by the Laws of Nature, not a person as created by the laws of Man)
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To: 2ndDivisionVet
She is single handedly keeping this story alive.

Love it.

23 posted on 07/09/2014 4:53:47 AM PDT by Eric in the Ozarks (Rip it out by the roots.)
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To: 2ndDivisionVet

The Clinton’s hadn’t yet left the White House.
In Sept. 1999, Terry McAuliffe put up 1.35 million cash to secure a mortgage for the Clintons.

The Clinton’s part of the deal ?

The Clintons will put up $350,000 and pay an adjustable-rate mortgage set at one point over the London Interbank Offered Rate, a bank lending rate that is now 5.52 percent. The loan is “interest-only,” meaning the Clintons pay only interest on the loan but do not reduce the principal during the five-year term.

Where did they get the 350k downstroke if they were so poor ?


24 posted on 07/09/2014 5:10:51 AM PDT by stylin19a (Obama ----> Fredo smart)
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