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Wealthy lawmakers increased their riches as economy sputtered in '09
The Hill ^ | 8/31/10 | By Kevin Bogardus and Barbra Kim

Posted on 08/31/2010 4:19:42 AM PDT by blueyon

The wealthiest members of Congress grew richer in 2009 even as the economy struggled to recover from a deep recession.

The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill’s annual review of lawmakers’ financial disclosure forms.

Sen. John Kerry (D-Mass.) tops the list for the second year in a row. His minimum net worth was $188.6 million at the end of 2009, up by more than $20 million from 2008, according to his financial disclosure form.

While the economy struggled through a recession during much of 2009 and the nation’s unemployment rate soared to 10 percent, the stock market rebounded, helping lawmakers with large investments. The S&P 500 rose by about 28 percent in 2009.

Total assets for the 50 wealthiest lawmakers in 2009 was $1.5 billion — that’s actually a nearly $36 million drop from a year ago. But lawmakers reduced their liabilities by even more, cutting debts by $120 million last year.

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


TOPICS: Front Page News; Government; Miscellaneous; News/Current Events; Politics/Elections
KEYWORDS: 111th; agenda; congress; democratcongress; democratparty; democrats; economy; elections; hopeychangey; notaxes4dnc; notaxes4geithner; notaxes4kerry; obama; senate; taxcheatparty; taxtherich; unemployment
Vote them out!
1 posted on 08/31/2010 4:19:45 AM PDT by blueyon
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To: blueyon
"Top 20 Recipients of AIG Contributions in 2008"

2 posted on 08/31/2010 4:25:02 AM PDT by Diogenesis (Si vis pacem, para bellum)
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To: blueyon

Normal people do not get the insider tinformation these guys get in the stock market.

One thing about Congress, the pay aint much ,but they all end up rich.

Ever wonder why?


3 posted on 08/31/2010 4:26:33 AM PDT by Venturer
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To: blueyon
Normal people do not get the insider information these guys get in the stock market.

One thing about Congress, the pay aint much ,but they all end up rich.

Ever wonder why?

4 posted on 08/31/2010 4:26:50 AM PDT by Venturer
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To: blueyon

Yep - Nov 2nd can’t get here fast enough!


5 posted on 08/31/2010 4:38:13 AM PDT by RebelTXRose
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To: blueyon
GREED!!!!!

6 posted on 08/31/2010 4:40:23 AM PDT by Savage Beast ("True evil has a face you know and a voice you trust." Greg Iles. "True Evil")
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To: blueyon

7 posted on 08/31/2010 4:40:42 AM PDT by Red in Blue PA (Anti-Gunners suffer from Factose Intolerance)
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To: blueyon

Surprised? NOT!!


8 posted on 08/31/2010 4:47:07 AM PDT by clee1 (We use 43 muscles to frown, 17 to smile, and 2 to pull a trigger. I'm lazy and I'm tired of smiling.)
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To: blueyon

There was a time when this type of stuff would get you hanged.

I miss the good ol’ days.


9 posted on 08/31/2010 4:52:38 AM PDT by TSgt (And the war came.)
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To: Venturer

Ah yes ..... the lawmakers get richer while the poor get poorer.

Here’s another thought ..... the fat cat “non-profit” parasites keep getting richer while the poor get poorer.

Where’s the moral outrage?


10 posted on 08/31/2010 4:56:07 AM PDT by Senator John Blutarski (The progress of government: republic, democracy, technocracy, bureaucracy, plutocracy, kleptocracy,)
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To: Venturer

Why do you think they fight so hard to get in, and stay in? Governments are engines to make those who control them wealthy.


11 posted on 08/31/2010 5:02:56 AM PDT by Wolfie
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To: Senator John Blutarski

Tar.
Feathers.


12 posted on 08/31/2010 5:03:55 AM PDT by Eric in the Ozarks (Impeachment !)
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To: blueyon

Surprise!...
Surprise!!...
Surprise!!!...

13 posted on 08/31/2010 5:07:32 AM PDT by Stand Watch Listen (It's the 'Land of Opportunity'... NOT... the 'Land of Entitlements'!!!)
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To: blueyon

27 Rats and 23 Pubes. Pretty funny. What was that crap about the “Party of the Rich?”

It’s like the “Party of Peace” that has somehow managed to pile up something like 75 times as many battle deaths as the “Party of War”. (Stats on US casualties in foreign wars).


14 posted on 08/31/2010 5:35:09 AM PDT by Seruzawa (If you agree with the French raise your hand - If you are French raise both hands.)
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To: Diogenesis

This is going to play well in Peoria\NOT


15 posted on 08/31/2010 6:09:19 AM PDT by CPT Clay (Pick up your weapon and follow me.)
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To: Seruzawa

“27 Rats and 23 Pubes. Pretty funny. What was that crap about the “Party of the Rich?”
It’s like the “Party of Peace” that has somehow managed to pile up something like 75 times as many battle deaths as the “Party of War”. (Stats on US casualties in foreign wars).”

OR IT IS LIKE: The Restore America rally no trash left verses the Earthday/Inauguration day trash all over the place! LOL


16 posted on 08/31/2010 6:37:56 AM PDT by blueyon (The U. S. Constitution - read it and weep)
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To: blueyon

Ha! The Park Service stopped releasing trash tonnage after rallies during the Clinton years when some wag started showing that liberals were always pigs with the Enviro-wacko rallies being the worst.


17 posted on 08/31/2010 6:41:09 AM PDT by Seruzawa (If you agree with the French raise your hand - If you are French raise both hands.)
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To: blueyon

Vote them all out but a small handful and downsize them and give them pay cuts with no COLA like the rest of America.


18 posted on 08/31/2010 6:48:22 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Stand Watch Listen
Congress takes trips worth $14 million in 4.5 years
19 posted on 08/31/2010 6:53:19 AM PDT by Dubya-M-DeesWent2SyriaStupid!
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To: Wolfie
“Why do you think they fight so hard to get in, and stay in? Governments are engines to make those who control them wealthy.”

Very succinct way of stating the problem. Term limits would help stem the abuse of power.

20 posted on 08/31/2010 8:05:35 AM PDT by Gabrial (The Whitehouse Nightmare will continue as long as the Nightmare is in the Whitehouse)
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To: blueyon

The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill’s annual review of lawmakers’ financial disclosure forms.
Coincidence?


21 posted on 08/31/2010 11:21:37 AM PDT by CoastWatcher
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