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In Congress, rich keep getting richer (Pelosi, Reid, Kennedy, Rockefeller, Kohl, Clinton)
Mercury News ^ | 6/15/07 | Jim Abrams

Posted on 06/16/2007 8:39:39 AM PDT by Libloather

In Congress, rich keep getting richer
FINANCIAL DISCLOSURE ONLY HINTS AT WHAT MEMBERS ARE WORTH
By Jim Abrams
Associated Press
Article Launched: 06/15/2007 01:30:57 AM PDT

WASHINGTON - The political fortunes of new congressional leaders Nancy Pelosi and Harry Reid soared last year, and financial disclosure forms revealed Thursday they're also doing well in personal money matters.

New House Speaker Pelosi, through her investor husband, holds stocks and property worth well into the millions. Senate Majority Leader Reid, a gold miner's son, reported property around his hometown of Searchlight, Nev., as well as investments valued at several million dollars.

They are hardly the richest members of Congress. Sen. Edward Kennedy D-Mass., reported four Kennedy family trust funds worth $20 million to $100 million.

Senate Intelligence Committee Chairman Jay Rockefeller, D-W.Va., heir to his family's oil fortune, has three blind trusts worth more than $80 million.

Sen. Herbert Kohl, D-Wis., listed numerous investments, including stock in the Milwaukee Bucks valued at more than $50 million, the highest category on the forms.

**SNIP**

The forms don't often tell much about the legal or financial problems some members face. Rep. William Jefferson, D-La., facing a 16-count indictment on charges he received more than $500,000 in bribes, said his major sources of unearned income were rent from two tracts of land on Lake Providence in Louisiana, worth less than $7,500. He reported $56,250 in gifts to his legal defense trust fund.

Sen. Hillary Clinton, D-N.Y., who is running for president, reported that her husband, former President Clinton, made more than $10 million for giving speeches last year. The couple held two accounts - a regular bank account and a blind trust, each valued at between $5 million and $25 million.

**SNIP**

(Excerpt) Read more at mercurynews.com ...


TOPICS: Extended News; Government; News/Current Events; Politics/Elections
KEYWORDS: 110th; clinton; democrats; edwardkennedy; hillary; jayrockefeller; kennedy; liberals; millionaires; pelosi; princessnancy; reid; rich; takethingsfromyou
Mrs. Bill Clinton prays for more...


Democratic presidential hopeful Sen. Hillary Rodham Clinton, D-N.Y., speaks at the National Hispanic Prayer Breakfast in Washington, Friday, June 15, 2007. (AP Photo/Charles Dharapak)

1 posted on 06/16/2007 8:39:47 AM PDT by Libloather
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To: Libloather
The new ROYALTY...just in time to dictate what's best for you.

If you say anything out of line they'll send the SS, FBI and BATF to shut you up.

2 posted on 06/16/2007 8:44:16 AM PDT by blam
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To: Libloather

I was under the impression that this paper was pretty liberal. Could it be the left is starting to engage in class warfare with itself?


3 posted on 06/16/2007 8:44:31 AM PDT by Biblebelter (I can't believe people still watch TV with the sound on.)
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To: Libloather
Photo Sharing and Video Hosting at PhotobucketPhoto Sharing and Video Hosting at Photobucket
4 posted on 06/16/2007 8:46:52 AM PDT by digger48
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To: Biblebelter
I was under the impression that this paper was pretty liberal. Could it be the left is starting to engage in class warfare with itself?

It's another case of get-it-out-now so you can say it's old news whenever anything ever remotely connected with it comes up again closer to the election.

Even though the Clinton's money was in a blind trust, I wonder if they could have told its directors not to invest in any of the really eeevil companies like Walmart and Exxon. /s

5 posted on 06/16/2007 8:48:50 AM PDT by Freee-dame
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To: Libloather

Hey Edwards! They’re two Americas.


6 posted on 06/16/2007 8:51:53 AM PDT by Wheee The People (Go FRed)
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To: Libloather

I don’t care if dems get rich, b/c I’m a Rep and think getting rich is a good thing. My beef is that these clowns don’t pay taxes like the rest of us. In the last Pres campaign, W released his taxes, so did lurch. W paid 35% in taxes - Kerry paid 10%. Edwards has half his money in tax free off-shore accounts. etc. I want EVERY candidate to release all financial infro - the money they make, property they own ( property their pets own) their trusts and the taxes they pay.

To a lib, being “ rich” is defined as what your earn, not what you have.


7 posted on 06/16/2007 8:52:47 AM PDT by uscabjd ( a)
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To: Libloather

Hyperthyroid puppet head invisible strings

8 posted on 06/16/2007 8:57:10 AM PDT by dennisw (The fear of the Lord is the beginning of knowledge: but fools despise wisdom and instruction)
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Comment #9 Removed by Moderator

To: Libloather

Limousine Liberals...ALL.


10 posted on 06/16/2007 9:17:02 AM PDT by Suzy Quzy (Hillary '08...Her Phoniness is Genuine!!!)
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To: Libloather

elitist ruling class bump


11 posted on 06/16/2007 9:21:56 AM PDT by EverOnward
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To: Libloather
I think I read that 8 of the richest Senators were Dems, Kerry being #1 who is actually far richer than Kennedy.

Reid has promised to revise earlier disclosure forms after questions arose last year over a Las Vegas land deal, but his staff said he is still awaiting Ethics Committee sign-off on the proposed revisions he submitted.

Hmmm...looks like he might be expecting trouble.

12 posted on 06/16/2007 9:58:07 AM PDT by what's up
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To: Libloather

I think it’s time for the people inhabiting this land mass (There are no Americans anymore and this certainly isn’t a country.) to consider a PART TIME “Congress.” The buffoons can go to Washington for two weeks each quarter and do what needs to be done. Then they can go back to a REAL JOB.


13 posted on 06/16/2007 9:59:43 AM PDT by FlingWingFlyer (The GOP sold out America. Comprende?)
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To: FlingWingFlyer

Does anyone have information on how much wealth fellows like Jay Rockafeller really have? I doubt the monies CONTROLLED in trusts is included in these figures. My suspicicion is that Bill Gates is a puppy compared to some of the old monied boys....but you have to dig to find it.


14 posted on 06/16/2007 10:08:32 AM PDT by armourup
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To: Libloather

They came to do good and stayed and did well.


15 posted on 06/16/2007 10:09:35 AM PDT by DManA
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To: Libloather
This is why this whole amnesty bill happens. They don't care what we want or if they don't get reelected. They have theirs put away safely so even if they don't get reelected, they'll still be worth millions and make millions more on the talk circuits like Bill does.

Just remember folks, these are the 'rich' as in 'tax the rich'. We're supposed to believe them when they spout this line of gibberish.

16 posted on 06/16/2007 10:34:34 AM PDT by HeartlandOfAmerica (The Immigration Hoax: "Subject to the Availability of Appropriations.")
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To: Libloather

“Senate Majority Leader Reid, a gold miner’s son, reported property around his hometown of Searchlight, Nev., as well as investments valued at several million dollars.”

He owns 200 dirt dry acres around Searchlight, worthless without water rights. I believe that’s why he pushed his son Rory into the County Commission seat (previously occupied by his now convicted waterboy Dario Herrera). County Commisioners also sit on the Water board.

It’s also why there is a push for a bridge over the Colorado River, so he can connect to his good buddy Jim Rhodes developments (also water starved) in Arizona.

It’s a big time scandal waiting to happen if anyone had the guts to follow up.


17 posted on 06/16/2007 11:38:27 AM PDT by FastCoyote
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To: what's up

“Reid has promised to revise earlier disclosure forms after questions arose last year over a Las Vegas land deal, but his staff said he is still awaiting Ethics Committee sign-off on the proposed revisions he submitted.”

[Hmmm...looks like he might be expecting trouble.]

He should be already in trouble on that one. He claimed a verbal contract with his shyster buddy Jay Brown to make part of the deal happen. However Nevada Real Estate law only recognizes written contracts. The story miraculously dried up before the last election, about the time Bush was focused on pushing Chafee’s election.


18 posted on 06/16/2007 11:42:17 AM PDT by FastCoyote
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To: FastCoyote
The story miraculously dried up before the last election

Yes, I know.

But what I didn't know from this story was that he was dragging his feet on revising his statements for the ethics committee.

19 posted on 06/16/2007 11:52:05 AM PDT by what's up
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To: Libloather
Hillary Clinton: "We're Going to Take Things Away From You on Behalf of the Common Good"
20 posted on 06/16/2007 11:59:09 AM PDT by EdReform (The right of the people to keep and bear Arms shall not be infringed *NRA*JPFO*SAF *GOA*SAS)
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To: Libloather

one guesses that when they tax the rich, they are going to put themselves at the top of the list, give everything they have to the treasury, and live on their salaries only, after taxes of course.

they will do it for the children.


21 posted on 06/16/2007 7:17:36 PM PDT by ripley
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