Hillary Clinton is decidedly out of touch with the American public.
While many Americans work very, very hard to make an honest living, the Secretary of State along with her husband have earned over $100 million since they left The White House in 2000.
The real scandal here isn’t that the former First Lady and her husband are so wealthy. Rather, it has everything to do with how they made so much money in one of the worst economies in decades.
The former President and his wife claimed that upon entering The White House, they had the lowest net worth of any presidential family in the past century.
When they left, they claimed they were equally poor.
“We had no money when we got there [to the White House]… And we struggled to piece together the resources for mortgages for houses, for Chelsea’s education. It was not easy. Bill has worked really hard. And it’s been amazing to me. He’s worked very hard.”
So how did they work so very hard to make so much?
It’s simple, they didn’t.
Instead they passed legislation that gave them an unfair advantage to make money. This was their “hard work.” Unfortunately for them, the trail of ink from these acts of legislation can be traced all the way to their bank accounts.
As reported by Alternet.
- “As a Senator in NY, Hillary Clinton, voted for a bankruptcy bill that made it much harder for people to qualify for Chapter 7 bankruptcy. The bill was backed primarily by banks and credit card issuers.”
- “In June of 2010, months after the Affordable Care Act was signed into law and the regulatory battle over the health overhaul was set into motion, the former president took $175,000 from the main health insurance lobbying organization.”
- “In 1999, Bill Clinton made repealing the Depression-era Glass-Steagall Act — which separated commercial and investment banking — a priority. He commanded a bipartisan push in repealing the law, which was primarily advocated for by Wall Street lobbyists. Not long after his pen hit the paper to repeal the law, Citigroup, a top beneficiary of the repeal, recruited Clinton’s Treasury Secretary Robert Rubin to join as an executive at the firm. Rubin went on to be one of Citigroup’s highest-paid officials, pulling in $115 million in pay from 1999 and 2008. While Rubin was made rich from Wall Street deregulation, his boss went on the lecture circuit.”
Since leaving office, many of the beneficiaries (primarily banks) of legislation passed by Bill Clinton have repeatedly given him big six-figure fees to make appearances and give speeches.
It’s a classic example of do as I say, not as I do.
While the couple set to lead our country in moral and ethical responsibility admonishes Americans to work hard, and pay your taxes to the government, they were passing legislation that allowed them to traipse around the country collecting six-figure checks after they left The White House.
The Clintons are now one of the wealthiest families in the nation, but it’s now clear that none of their wealth was secured through honest or fair work.