No group has been hit harder by the Obama economy than America’s liberals. From Marin County, where bundlers have had to struggle to scrape together a few ten grand bills to attend Obama fundraisers, to Washington D.C., whose bedroom communities now have seven of the ten highest household incomes in the country, poverty is hitting poor rich little liberals hard.
In 2006, Alaska had the highest household income. But voters chose Obama over Palin and these days it’s Maryland because six-figure government consultants on sustainable development and diversity need McMansions to go home to after a long day of team building exercises.
Despite numbers like these, liberals are barely making ends meet. Some like Hillary Clinton are “dead broke”. Forget about a dollar not buying what it used to. Not even a hundred million dollars does. And there’s poor Joe Biden who claimed not to have a savings account or any stocks and bonds. And he doesn’t. He has five savings accounts and eleven investment funds.
But wealth is relative. Despite earning $100 million, Hillary Clinton claims that she isn’t “truly well off”. And if a woman with a colonial mansion for every occasion is, in the words of her adviser, still just “trying to earn a living”, the economy must really be bad.
With income inequality such a hot topic, the Democratic Party’s presidential frontrunners are working hard at pretending to be poor.
If Hillary Clinton and Joe Biden can’t convince Democrats that they’re just one step away from begging for spare change on street corners, Elizabeth Warren is waiting in the wings. After all who better than a Harvard professor who made $429,981 in her last full year of teaching to understand how hard it is to barely get by under income inequality.
Elizabeth Warren has a net worth of around $15 million, making her more working class than Hillary, but less working class than Joe Biden. Like Biden, Elizabeth Warren also isn’t big on investing.
“I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios,” Warren told an MSNBC host.
Like “Dead Broke” or “Truly Well Off”, “Wealthy Individuals” and “A Lot of Stock Portfolios” are relative terms. Warren only had $8 million in investments. It’s not a lot if you’re a millionaire who, like Hillary Clinton, Joe Biden and Elizabeth Warren, spends a lot of time around billionaires.