Raider Bill
08-11-2004, 08:31 PM
The Myth Of The Rich Republicans - Part 2
By Cynthia A. Guenthner 'Frozen Tundra' (bio)
Other Articles By Cynthia A. Guenthner
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Last December, I wrote about how billionaire George Soros planned to use organizations like America Coming Together and the Center for American Progress and the website MoveOn.org (all supposedly not directly connected with the Democratic Party) to defeat President Bush. And the 2004 Presidential campaign should once and for all stifle the liberal cry that the Republicans are the “party of the rich” and the Democrats are the “party of the working class”. The far-from-conservative group, The Center for Public Integrity, states that if John Kerry is elected to the White House (God forbid!), “he would be America’s richest president [sic] in more than a century.” Or more likely, ever. I can’t recall of any U. S. President whose fortune was valued at a billion dollars—a figure estimated by some to be the value of Teresa Heinz Kerry’s wealth. Heinz Kerry reportedly inherited her late husband’s $500 million fortune, which potentially could have doubled in value since Senator Heinz’s death in 1991. According to the Center, “Kerry’s most recent financial disclosure, which requires officials to value their assets within broad ranges, shows a top figure of $688 million.”
In any event, whether Kerry’s fortune (which he claims is his wife’s, not his own) is valued at $1 billion or $675 million, it makes President Bush’s estimated worth (between $9 million and $26 million) look like chicken feed. Even Vice President Cheney’s assets (between $22 million and $103 million) are a relative drop in the bucket. Moral of the story: Ketchup is more lucrative than oil.
No one disputes Kerry is the richest member of Congress. And we thought his fellow Massachusetts Senator, Teddy Red Nose, comes from a super rich family. In a June 15 financial disclosure, Teddy revealed he holds “only” between $8 million and $40 million in family trust funds. But let’s not forget that Joseph P. and Rose Kennedy did have lots of kids and grandkids among whom to distribute their wealth.
One of the most outrageous myths concocted by the Democrats is the claim that Kerry’s running mate, John Edwards, is the “son of a mill worker” and the “working man’s candidate”. But, according to the liberal-friendly NEW YORK TIMES, Edwards’ most recent financial disclosure statement listed his assets valued between “$14.3 million and $44.7 million”. That makes him potentially richer than either the sitting President or Vice President.
Even if Heinz Kerry’s ketchup fortune were attained by respectable means, it’s questionable whether her husband’s running mate’s millions were. Edwards’ first malpractice suit victory in his career as a trial lawyer was a $3.7 million damage award for his client. During the 1990s, Edwards reportedly won over “$152 million for his clients, almost all of whom were victims of medical malpractice”, according to the Center for Public Integrity. And “He became so feared that doctors would settle cases for millions of dollars rather than face him at trial.” And Ted Kennedy has the nerve to blame the doctors for the high cost of health care. If it weren’t for powerful trial lawyers like his fellow Senator Mr. Edwards was, health care providers would have no need to pass the outrageous cost of malpractice insurance on to their patients. Wake up Teddy.
And where has Edwards put his millions? According to his 2003 financial disclosure forms reprinted in the USA TODAY, the VP candidate on the ticket that has made a major issue of criticizing the President’s policy that encourages so-called “outsourcing” of high-paying manufacturing jobs, himself owns between $1 million and $5 million in the “American EuroPacific Growth Fund”, a fund whose prospectus reads it will normally “invest at least 80 percent of its assets in securities of issuers located in Europe and the Pacific Basin” (Pinkerton, James, “See Where Edwards Puts His Millions”, www.newsday.com, 8 July 2004). And pharmaceutical companies comprise 8.67 percent of the fund’s holdings! On whose side is Edwards—the patients’ or the medical industry’s?
His running mate is no different. The Heinz Company operates no less than 60 factories in foreign nations. Think of the jobs that would be available to Americans if those factories were located here in the good old U. S. A.
The Kerry/Edwards ticket is nothing more than deception—preach one message in the campaign—practice another in the own lives. Edwards especially attempts to present himself as the candidate for the working class, even though he doesn’t regularly follow NASCAR (one of the most, if not THE most popular sport in the state he represents) or listen anymore to country music. What you see (or what you THINK you see—or hear) is not what you get.
A ROFL! .
Kerry and Edwards are expected to accept public financing. If so, they are not allowed to tap into their own personal assets for the general election campaign. Either way, they’re sure to receive all they want (and more) from the unlimited resources of billionaire George Soros and Clinton pal fund raiser Harold Ickes. If Kerry/Edwards should opt out of public financing, it’s mighty scary to realize this Presidential election could potentially be a buy out. And what about the myth of the “rich Republicans”? Just another “truth” invented by the Democrats. Like Al Gore’s Internet.
Sources: http://www.bop2004.org/bop2004.
http://www.nytimes.com/2004/07/07/politics/campaign/07wealth
By Cynthia A. Guenthner 'Frozen Tundra' (bio)
Other Articles By Cynthia A. Guenthner
Back to News / Home Page
Last December, I wrote about how billionaire George Soros planned to use organizations like America Coming Together and the Center for American Progress and the website MoveOn.org (all supposedly not directly connected with the Democratic Party) to defeat President Bush. And the 2004 Presidential campaign should once and for all stifle the liberal cry that the Republicans are the “party of the rich” and the Democrats are the “party of the working class”. The far-from-conservative group, The Center for Public Integrity, states that if John Kerry is elected to the White House (God forbid!), “he would be America’s richest president [sic] in more than a century.” Or more likely, ever. I can’t recall of any U. S. President whose fortune was valued at a billion dollars—a figure estimated by some to be the value of Teresa Heinz Kerry’s wealth. Heinz Kerry reportedly inherited her late husband’s $500 million fortune, which potentially could have doubled in value since Senator Heinz’s death in 1991. According to the Center, “Kerry’s most recent financial disclosure, which requires officials to value their assets within broad ranges, shows a top figure of $688 million.”
In any event, whether Kerry’s fortune (which he claims is his wife’s, not his own) is valued at $1 billion or $675 million, it makes President Bush’s estimated worth (between $9 million and $26 million) look like chicken feed. Even Vice President Cheney’s assets (between $22 million and $103 million) are a relative drop in the bucket. Moral of the story: Ketchup is more lucrative than oil.
No one disputes Kerry is the richest member of Congress. And we thought his fellow Massachusetts Senator, Teddy Red Nose, comes from a super rich family. In a June 15 financial disclosure, Teddy revealed he holds “only” between $8 million and $40 million in family trust funds. But let’s not forget that Joseph P. and Rose Kennedy did have lots of kids and grandkids among whom to distribute their wealth.
One of the most outrageous myths concocted by the Democrats is the claim that Kerry’s running mate, John Edwards, is the “son of a mill worker” and the “working man’s candidate”. But, according to the liberal-friendly NEW YORK TIMES, Edwards’ most recent financial disclosure statement listed his assets valued between “$14.3 million and $44.7 million”. That makes him potentially richer than either the sitting President or Vice President.
Even if Heinz Kerry’s ketchup fortune were attained by respectable means, it’s questionable whether her husband’s running mate’s millions were. Edwards’ first malpractice suit victory in his career as a trial lawyer was a $3.7 million damage award for his client. During the 1990s, Edwards reportedly won over “$152 million for his clients, almost all of whom were victims of medical malpractice”, according to the Center for Public Integrity. And “He became so feared that doctors would settle cases for millions of dollars rather than face him at trial.” And Ted Kennedy has the nerve to blame the doctors for the high cost of health care. If it weren’t for powerful trial lawyers like his fellow Senator Mr. Edwards was, health care providers would have no need to pass the outrageous cost of malpractice insurance on to their patients. Wake up Teddy.
And where has Edwards put his millions? According to his 2003 financial disclosure forms reprinted in the USA TODAY, the VP candidate on the ticket that has made a major issue of criticizing the President’s policy that encourages so-called “outsourcing” of high-paying manufacturing jobs, himself owns between $1 million and $5 million in the “American EuroPacific Growth Fund”, a fund whose prospectus reads it will normally “invest at least 80 percent of its assets in securities of issuers located in Europe and the Pacific Basin” (Pinkerton, James, “See Where Edwards Puts His Millions”, www.newsday.com, 8 July 2004). And pharmaceutical companies comprise 8.67 percent of the fund’s holdings! On whose side is Edwards—the patients’ or the medical industry’s?
His running mate is no different. The Heinz Company operates no less than 60 factories in foreign nations. Think of the jobs that would be available to Americans if those factories were located here in the good old U. S. A.
The Kerry/Edwards ticket is nothing more than deception—preach one message in the campaign—practice another in the own lives. Edwards especially attempts to present himself as the candidate for the working class, even though he doesn’t regularly follow NASCAR (one of the most, if not THE most popular sport in the state he represents) or listen anymore to country music. What you see (or what you THINK you see—or hear) is not what you get.
A ROFL! .
Kerry and Edwards are expected to accept public financing. If so, they are not allowed to tap into their own personal assets for the general election campaign. Either way, they’re sure to receive all they want (and more) from the unlimited resources of billionaire George Soros and Clinton pal fund raiser Harold Ickes. If Kerry/Edwards should opt out of public financing, it’s mighty scary to realize this Presidential election could potentially be a buy out. And what about the myth of the “rich Republicans”? Just another “truth” invented by the Democrats. Like Al Gore’s Internet.
Sources: http://www.bop2004.org/bop2004.
http://www.nytimes.com/2004/07/07/politics/campaign/07wealth