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Old 11-09-2009, 12:58 PM
 
Location: rain city
2,958 posts, read 12,258,868 times
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As Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.



Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That’s 44 percent of the body – compared to about 1 percent of Americans overall.







Report: 237 millionaires in Congress - Erika Lovley - POLITICO.com
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Old 11-09-2009, 12:59 PM
 
Location: southern california
61,281 posts, read 83,332,039 times
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now that is the 1st thing i have heard about congress that i like. successful people are running the country. now if we could get those successful people out of our pocket then we would be smoking.
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Old 11-09-2009, 01:07 PM
 
Location: rain city
2,958 posts, read 12,258,868 times
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To continue from the article:

"Some lawmakers have profited from investments in companies that have received federal bailouts; dozens of lawmakers are invested in Wells Fargo, Citigroup, Goldman Sachs and Bank of America."


Surprise!
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Old 11-09-2009, 01:47 PM
 
Location: The Great State of Texas, Finally!
5,403 posts, read 11,671,184 times
Reputation: 2584
I think they're skimming from the tax revenue. Taxpayers make them millionaires.
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Old 11-09-2009, 01:54 PM
 
105 posts, read 136,749 times
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As much as I think most in congress are crooks who don't care for their constituants at all, and would love to see term limits to clean out the corruption, being a millionaire is not saying much today.
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Old 11-09-2009, 02:26 PM
 
Location: Maine
3,303 posts, read 2,414,986 times
Reputation: 6173
Quote:
Originally Posted by Huckleberry3911948 View Post
now that is the 1st thing i have heard about congress that i like. successful people are running the country. now if we could get those successful people out of our pocket then we would be smoking.
Not every millionaire earned it the hard way, most got it the easy way "Inheritance".


bill
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Old 11-09-2009, 02:45 PM
 
1,269 posts, read 3,696,374 times
Reputation: 797
If you can't beat them then join them "old boys club".
Read Niall Ferguson's book or watch the videos.
The Ascent of Money | PBS
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Old 11-09-2009, 05:35 PM
 
975 posts, read 1,682,697 times
Reputation: 524
Quote:
Originally Posted by roadrat View Post
Not every millionaire earned it the hard way, most got it the easy way "Inheritance".


bill
Every study I've ever seen says otherwise. I think you need a new excuse for your failure.

http://blogs.wsj.com/wealth/2008/01/...herited-money/
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Old 11-10-2009, 08:12 AM
 
Location: Tennessee
36,881 posts, read 38,298,789 times
Reputation: 58658
Quote:
Originally Posted by azoria View Post
As Washington reels from the news of 10.2 percent unemployment, the Center for Responsive Politics is out with a new report describing the wealth of members of Congress.



Among the highlights: Two-hundred-and-thirty-seven members of Congress are millionaires. That’s 44 percent of the body – compared to about 1 percent of Americans overall.







Report: 237 millionaires in Congress - Erika Lovley - POLITICO.com

I'd be more interested in how many current ones were not millionaires before Congress/the Presidency and gained their wealth after becoming members of Congress/the President.

You know, I'm not a fan of John Kerry but his wife is rich. Can't hold that against him.
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Old 11-10-2009, 09:49 AM
 
Location: San Jose, CA
7,688 posts, read 27,970,947 times
Reputation: 3614
I'm surprised there aren't more.
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