Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Members of US Congress Get Richer Despite Sour Economy
CNBC ^ | 11/17/2010 | Albert Bozzo

Posted on 11/17/2010 11:38:05 AM PST by markomalley

Despite a long and deep recession, the collective personal wealth of congressional members increased by more than 16 percent between 2008 and 2009, according to a study released Wednesday by the Center for Responsive Politics.

The steady also indicates that a significant number of members owned shares of major players in the health-care and financial-services sectors, which were the subject of major reform legislation during the period.

The findings—based on federal financial disclosure data released earlier this year—paint a wealthy bunch in Congress, with more than half of all members—261—were millionaires.

About one in five of those had average calculated wealth in 2009 of at least $10 million. Eight of the 261 were in the $100 million-plus range.


TOPICS: Extended News; Government
KEYWORDS: bribes; business; businesses; congress; kickbacks; obamacare; regulation; rich; rulingclass
Rank Name Minimum Net Worth Average Maximum Net Worth
1 Darrell Issa (R-Calif) $156,050,022 $303,575,011 $451,100,000
2 Jane Harman (D-Calif) $151,480,522 $293,454,761 $435,429,001
3 John Kerry (D-Mass) $182,755,534 $238,812,296 $294,869,059
4 Mark Warner (D-Va) $65,692,210 $174,385,102 $283,077,995
5 Jared Polis (D-Colo) $36,694,140 $160,909,068 $285,123,996
6 Herb Kohl (D-Wis) $89,358,027 $160,302,011 $231,245,995
7 Vernon Buchanan (R-Fla) $-69,434,661 $148,373,160 $366,180,982
8 Michael McCaul (R-Texas) $73,685,086 $137,611,043 $201,537,000
9 Jay Rockefeller (D-WVa) $61,446,018 $98,832,010 $136,218,002
10 Dianne Feinstein (D-Calif) $46,055,250 $77,082,134 $108,109,018
11 Frank R. Lautenberg (D-NJ) $49,083,204 $76,886,611 $104,690,018
12 Nancy Pelosi (D-Calif) $-7,356,915 $58,436,537 $124,229,990
13 Alan Mark Grayson (D-Fla) $31,411,044 $54,966,522 $78,522,000
14 James E. Risch (R-Idaho) $19,468,057 $54,517,026 $89,565,995
15 Gary Miller (R-Calif) $19,365,053 $51,833,526 $84,302,000
16 Bob Corker (R-Tenn) $9,778,047 $50,717,522 $91,656,998
17 Rodney Frelinghuysen (R-NJ) $19,898,179 $43,797,589 $67,697,000
18 Nita M. Lowey (D-NY) $14,900,036 $39,012,518 $63,125,000
19 Kenny Ewell Marchant (R-Texas) $13,303,385 $38,204,868 $63,106,351
20 Brian P. Bilbray (R-Calif) $25,143,635 $37,819,629 $50,495,623
21 Harry Teague (D-NM) $21,119,041 $37,102,019 $53,084,997
22 Denny Rehberg (R-Mont) $6,598,014 $31,421,505 $56,244,997
23 Olympia J. Snowe (R-Maine) $12,556,055 $28,612,527 $44,669,000
24 Lamar Alexander (R-Tenn) $11,342,046 $28,116,022 $44,889,998
25 Carolyn B. Maloney (D-NY) $7,045,017 $24,472,505 $41,899,994

1 posted on 11/17/2010 11:38:08 AM PST by markomalley
[ Post Reply | Private Reply | View Replies]

To: markomalley

It’s so easy to do with all of the insider trading.They’re the only people who can get away with it.


2 posted on 11/17/2010 11:41:40 AM PST by puppypusher (The World is going to the dogs.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: puppypusher
Pretty fairly split between Democrats and Republicans, too. So much for the Dems always shouting "Those rich Republicans..." as though there were no rich Dems in their party or in politics.

Would be nice to see a list of the parties of those who own oil wells here and around the world. You can bet there are plenty of Dems in the oil well business. But, the Dems said we went to Iraq because of Bush's oil interests.

3 posted on 11/17/2010 11:49:01 AM PST by CitizenM (If we ever forget that we're one nation under GOD, then we will be a nation gone under.-Ronald Re)
[ Post Reply | Private Reply | To 2 | View Replies]

To: markomalley

Bribes via endless illegal insider trading sweetheart deals.

We live in Argentina now.


4 posted on 11/17/2010 11:51:11 AM PST by FormerACLUmember (Character is defined by how we treat those who society says have no value.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

Meet the New Small-Business Owners in Congress [There are 33, and all are Republicans]

http://www.freerepublic.com/focus/f-news/2628661/posts

Big, evil industries funded…which party?

http://www.freerepublic.com/focus/f-news/2624476/posts


5 posted on 11/17/2010 11:56:48 AM PST by WOBBLY BOB ( "I don't want the majority if we don't stand for something"- Jim Demint)
[ Post Reply | Private Reply | To 1 | View Replies]

To: markomalley

” Then there’s the curious case of Rep. Pete Stark (D-Calif.).

” The 2009 personal financial disclosure report of Stark (pictured right) seemingly indicates his average wealth figure dropped
by more than 368 percent from 2008.
But portions of Stark’s handwritten federal report are illegible, making an accurate analysis impossible.”

Gee , why am I not surprised ?


6 posted on 11/17/2010 2:00:03 PM PST by Wild Irish Rogue
[ Post Reply | Private Reply | To 1 | View Replies]

To: puppypusher

btt


7 posted on 11/17/2010 4:43:31 PM PST by GailA (obamacare paid for by cuts & taxes on most vulnerable Veterans, retired Military, disabled & Seniors)
[ Post Reply | Private Reply | To 2 | View Replies]

To: GailA

BTTT.


8 posted on 12/08/2010 6:15:16 AM PST by mewzilla (Hey, Schumer, how's that Lockerbie bomber deal investigation coming along?)
[ Post Reply | Private Reply | To 7 | View Replies]

To: mewzilla

BTTT.


9 posted on 12/08/2010 8:22:46 AM PST by mewzilla (Hey, Schumer, how's that Lockerbie bomber deal investigation coming along?)
[ Post Reply | Private Reply | To 8 | View Replies]

To: mewzilla

BTTT.


10 posted on 12/10/2010 9:58:56 AM PST by mewzilla (Hey, Schumer, how's that Lockerbie bomber deal investigation coming along?)
[ Post Reply | Private Reply | To 9 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson