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In the aftermath of Vice President Joe Biden’s “Howard Dean” moment in Ohio this week, I was struck by the sheer magnitude of the Progressive-Democrat Left’s hypocrisy when it comes to their political attacks on the so-called “rich.” As the unwashed masses of the Occupy Movement – the overwhelming majority of which are anarchists, pseudo-Socialists, Progressive activists and union operatives – take to the streets of Chicago to protest the NATO summit, I really do have to wonder if they – the useful idiots of the new millennium – know that those who they follow are the one-percenters?
Among the leaders of the Progressive Movement and the Democrat Party, it is nearly impossible to identify anyone among them who isn’t in the one-percent, and that includes President Obama and, yes, Vice President Biden. Maybe that’s why his statement, “They just don’t get us,” made my head cock like a dog hearing a high-pitched noise. “Who’s us,” I thought to myself.
Truth be told, Mr. Biden is the least wealthy among the Left’s one-percenter elitists. Yes, his roots may have been blue collar, but he benefited from the Capitalist system to become quite wealthy, or at least a heck of a lot wealthier than many. His annual salary is $248,754 and he enjoys perks that include free housing, transportation, health insurance, etc. He has listed assets including between nearly $230,000 to $860,000, many of which are in investment accounts and insurance policies. He has disclosed that he receives between $15,000 to $50,000 annually in rental income on a guest house in Wilmington, Delaware. And, of course, his future will see a healthy pension, book deals and, no doubt, invitations from the mainstream media to contribute as a political pundit (now that will be entertaining).
OpenSecrets.org estimates Mr. Biden’s net worth at $718,994.
But the Progressive and Democrat elite’s one-percenters are many…
President and Mrs. Obama hold family assets estimated in 2010 as up to $8.3 million, including assets of between $500,000 and $1million in a JPMorgan Chase checking account.
According to the Washington Post,
“The president and first lady’s asset mix includes Treasury notes valued at between $1 million and $5 million, Treasury bills worth $500,000 and $1 million, along with retirement and checking accounts.
“Royalties from Obama’s books, ‘Dreams From My Father,’ ‘The Audacity of Hope’ and ‘Of Thee I Sing,’ totaled between $250,000 and $2.1 million.
“The Obamas have a 30-year mortgage on their Chicago home worth between $500,000 and $1 million…”
OpenSecrets.org estimates the Obama’s net worth at $11,830,000.
Then we have the Demo-Progressive leadership in Congress.
In 2010, The Hill reported that House Minority Leader Nancy Pelosi had an estimated net worth of $35.2 million,
“House Minority Leader Nancy Pelosi (P-CA) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress.