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Chomsky on Clinton
(and it aint pretty)
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thememlingindex.com
The Shock Doctrine: The Rise of Disaster Capitalism
The Memling Index > a long, obscene, and fascinating list of links
Mitt Romney
Figure used = $350,000,000
As you might of read previously, this figure sounds suspiciously low, but I’m going with it since the picture is visually dramatic enough.
Many of the below net worth estimates I pulled from the same CNN/Money.com article but with Romney’s net worth I choose to use the amount reported in the New York Times article linked to below because from everything I’ve read it seems much closer to the truth.
http://www.nytimes.com/2007/05/17/us/politics/17candidates.html?hp
John Edwards
Figure used = $54,700,000
For the sake of consistency I’m using the number reported in the the same CNN/Money.com article from which I pulled the majority of these figures. However, I am bit skeptical about the accuracy on this one. This forementioned New York Times article puts Edwards net worth at at $30,000,000 and the Edwards campaign itself claims it’s $29,000,000.
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/2.html
Rudi Giuliani
Figure used = $52,200,000
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/3.html
John McCain
Figure used = $40,400,000
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/4.html
Hillary Clinton
Figure used = $34,900,000
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/index.html
Fred Thompson
Figure used = $8,100,000
http://money.cnn.com/galleries/2007/moneymag/0712/gallery.candidates.moneymag/7.html
Bill Richardson
Figure used = $6,600,000
(The Center for Responsive Politics estimates Richardson's net worth at $3.4 million to $9.8 million. I’ve used the midpoint of this range).
http://blogs.abqtrib.com/albq/richardson/2007/06/more_daily_chatter_the_oil_tie.html
NOTE:
For the remaining poorer candidates (i.e. non-mega-millionaires) I’m just going to use the top numbers of their reported range. The ranges they reported are fairly narrow and relative to Romney and the other massively-rich giants in the graph it’s visually not going to make a bit of difference.
Barack Obama
Figure used = $2,500,000
(Reported range = $1,000,000 - $2,500,000)
http://www.washingtonpost.com/wp-dyn/content/article/2007/03/24/AR2007032400305_pf.html
Tom Tancredo
Figure used = $1,100,000
(Reported range = $530,000 - $1,100,000)
http://www.cnn.com/2007/POLITICS/05/17/candidates.wealth/index.html
Mike Huckabee
Figure used = $700,000
(Reported range = $350,000 - $700,000)
http://www.nytimes.com/2007/05/17/us/politics/17candidates.html?hp
Chris Dodd
Figure used = $682,000
(reported range = $260,000 - $682,000)
http://www.washingtonpost.com/wp-dyn/content/article/2007/03/24/AR2007032400305_pf.html
Joe Biden
Figure used = $428,000
(Reported range = $62,000 - $405,000)
http://www.cnn.com/2007/POLITICS/05/17/candidates.wealth/index.html
Dennis Kucinich
Figure used = $352,000
(This number is from his 2005 reported range of $196,000 and $352,000. These are old numbers but it is all I could find)
http://www.cnn.com/2007/POLITICS/05/17/candidates.wealth/index.html
Where I Got the Figures Used in the Graph
CLICK HERE TO GO BACK TO GRAPH
Some of My Thoughts
On These Numbers
While the Federal Elections Commission requires all presidential candidates to report their net worth, it allows them to report it within self-determined ranges so outrageously wide that the whole exercise has become a bit of a mockery of a sham.
Take Guiliani, for instance, who was permitted to reported a net worth of somewhere between 10 and 70 million dollars.
I don’t know about you, but I can’t recall a single instance in my life where I was ever allowed such wide latitude in reporting anything - information this inexact is basically useless which is why we rarely here phrases like…
“my GPA is somewhere between 1.5 and 3.7“.…
“it’s a great little car, zero rust and the engine’s only got somewhere between 10,000 and 70,000 miles on it“…
“In total, market share has gone up by between 10 and 70 percent in the three years I’ve served as regional manager of the Wichitovia river tri-county region“.
This kind of shit doesn’t fly in the real world and it’s insulting to voters that FEC rules allow it to fly for the candidates.
The FEC’s rules aren’t the only obstacle one runs into trying to get a sense of each candidates net worth…the MSM does it’s usually shitty job and muddies the waters even further. It’s bad enough that different news organization report wildly different figures, CNN will tell you Edwards net worth is $54 million while the New York Times will tell you it’s more like $30 million, but even more troubling is that you’ll get wildly different figures from the same news organization. CNN reported in this May 17, 2007 article that John Edward’s net worth was $29 Million then just 6 months latter in this December 10, 2007 article put it at $54.7 Million.
Since were on the subject of media lameness, let me ad me add that I find it troubling that David Kirkpatrick choose to included this incredibly loaded sentence in his May 17,2007 New York Times article cited multiple times in this post.
“Former Senator John Edwards of North Carolina, who has spent the last three years crusading against poverty, also reported about $30 million in assets”.
Mr. Kirpatrick obviously bundled these two facts in the same sentence for a reason. I think he owes it to his readers to grow a set of balls and explain in explicit language what that reason was.
You can email him and ask for one here.
American Fascists:
The Christian Right and the War on America
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