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From a Democrat website, on the wealth gap, D vs R
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Topic: From a Democrat website, on the wealth gap, D vs R (Read 1773 times)
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Tylergal
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From a Democrat website, on the wealth gap, D vs R
«
on:
June 17, 2008, 01:13:50 PM »
Where's the wealth gap? Try Congress
By TIM GRIEVE | 6/17/08 4:25 AM EST
Text Size:
Jim Clyburn
House Majority Whip Jim Clyburn (D-S.C.) Clyburn has investments in Investment Entrepreneurs valued at $100,001-$250,000.
Photo: AP
If Democrats ever need evidence of a wealth gap in America, they can find it in their own House leadership.
Rep. Nancy Pelosi made $212,000 last year as House speaker. Rep. Steny H. Hoyer made $183,500 as House majority leader.
But while Pelosi and her husband own a many-million-dollar vineyard in St. Helena, Calif., and two other multimillion-dollar homes, Hoyer holds a portfolio more typical of a public servant — somewhere in the vicinity of a half-million dollars in IRAs and much smaller sums in a smattering of other accounts.
Other highlights from financial disclosure forms released Monday:
Retiring Rep. John Doolittle (R-Calif.), under investigation for his ties to Jack Abramoff, reports having $66,250 in his legal defense fund. Rep. William Jefferson (D-La.), under indictment on corruption charges, reports approximately $20,000 in contributions to his legal defense fund but also says that he owes BET founder Robert L. Johnson between $100,001 and $250,000.
Rep. Laura Richardson (D-Calif.), dogged by foreclosure stories back home, requests more time to complete her forms, as did indicted Rep. Rick Renzi (R-Ariz.) and retiring Rep. Vito J. Fossella (R-N.Y.). Below are summaries of the leaders’ disclosures, prepared by The Associated Press.
— Tim Grieve
House Speaker Nancy Pelosi (D-Calif.)
Earned income: $212,100
Major assets: Together with her husband, Paul, Pelosi owns a vineyard in St. Helena, Calif., valued at $5 million-$25 million; a town house in Norden, Calif., valued at $1 million-$5 million; rental property in Napa, Calif., valued at $500,000-$1 million; and a Wells Fargo bank account containing $100,000-$250,000.
Major sources of unearned income: Rent from the Napa property totaled $15,000-$50,000; rental income from the vineyard totaled $50,001-$100,000.
Major liabilities: Mortgage on the vineyard totaled $5 million-$25 million (up from $1 million-$5 million in 2006); mortgage on Norden house totaled $500,001-$1 million; and mortgage on the rental property in Napa totaled $250,000-$500,000.
Gifts: Pelosi received an inscribed decoupage box from the Democratic National Committee Women’s Leadership Fund ($395) and the Eleanor Roosevelt Award from the Women’s National Democratic Club ($983).
Notes: The Pelosis exercised a $1 million-$5 million option to purchase a home in San Francisco as their primary residence in 2007. Paul Pelosi reported nearly four dozen stock sales and purchases last year, sometimes involving sums of up to $1 million or more. The largest included buying $500,001-$1 million of Cisco Systems Inc. stock and $500,001-$1 million worth of New River Pharmaceuticals stock. He invested $1 million-$5 million in Apple Computer stock in January and, in October, sold some of it for $1 million-$5 million. He appeared to take a loss on a $1 million-$5 million investment in Sandisk Corp. stock, which he bought in October and sold in December for $500,000-$1 million.
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Kat_Gram
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Re: From a Democrat website, on the wealth gap, D vs R
«
Reply #1 on:
June 18, 2008, 12:27:30 AM »
Well, hello Tylergal ! I know better than to comment in this forum. I am Canadian and we got our own problems. LOL, but wanted to say hello and ask how are the roses ? Beautiful I suppose ?
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Tylergal
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Posts: 9535
Re: From a Democrat website, on the wealth gap, D vs R
«
Reply #2 on:
June 18, 2008, 12:38:43 AM »
Kat_Gram, hi. Good to see you.
Really bad rose year. We have been in a drought for a long time and water restrictions. I lost several very large roses this year and some of my other roses look very bad. It was the worst year ever. Over the last week, we have gotten about 2 inches of rain total and it has made a considerable difference.
I am so guilty of being a glutton for punishment, I have 73 roses in pots that need places in the ground or larger pots. No, I didn't buy all of them. I root those that I can get cuttings off that are out of patent (more than 20 years old) and swap roses with friends and I get roses for writing for some of the rose journals and magazines, so they are piling up.
I have some hidden from DH.
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