Lion of the Blogosphere

Reminder: Clintons and Al Gore became filthy rich after leaving White House

with 27 comments

The mainstream media is outraged that because Trump is rich, and his children are rich, and Jared Kushner is rich, that somehow they will use Trump’s presidency to become even richer which they say is a huge “conflict of interest.”

However, the biased and untrustworthy mainstream media has never shown the least bit of concern that the Clintons and Al Gore have in fact use their political positions to become filthy rich. It’s a known fact and not just idle speculation on what might happen. They had very little net worth after leaving the White House in 2000, but today the Clinton’s have a net worth of $111 million and Al Gore has a net worth of $200 million (based on a quick Google search). Additionally, Chelsea Clinton is said to have a personal net worth of $15 million independent of her parents and her rich husband.

On the other hand, I strongly suspect that becoming president will wind up being a big money-losing proposition for Trump. The Trump name has already become toxic for the kind of rich people who patronize his luxury properties. For example, residents of Trump Place demanded that Trump’s name be removed from their community.

Written by Lion of the Blogosphere

November 18, 2016 at 10:24 am

Posted in Politics

27 Responses

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  1. I think the sheer prestige of being the President of the United States will counter the harm done to the Trump brand.

    IHTG

    November 18, 2016 at 11:01 am

    • Trump U settled by NYS AG for $25M. Thank God that’s over. Tomorrow it will be yesterday’s news.

      gothamette

      November 18, 2016 at 4:43 pm

      • It already was because the mainstream media found it SO BORING compared to stories about racism and misogyny.

        Lion of the Blogosphere

        November 18, 2016 at 5:04 pm

      • Bizarre; here was a case of Trump doing something (probably) that was actually immoral, even maybe illegal. And yet the Democrats basically ignored it and focused on Trump exercising his free speech rights by calling some women fat. How many people in America have called someone fat? All of us! How many people in America have run a fake university to steal from ambitious dolts? Not many! This was an instance of Trump acting in a way alien to most people, in relationships where we can only identify with the victim, but the Demos didn’t run with it.

        Gozo

        November 18, 2016 at 7:19 pm

  2. “However, the biased and untrustworthy mainstream media has never shown the least bit of concern that the Clintons and Al Gore have in fact use their political positions to become filthy rich.”

    I would disagree that the media has never taken an interest in this. There have been endless articles about Bill and Hillary’s speaking fees as well as contributions to their charity foundation.

    If Hillary had won, presumably Bill would have stopped giving speeches for huge fees while she was actually president.

    Trumps business now largely consists of licensing his name. People pay an annual license fee to put the Trump name on a project. The question is now that he is president will some people pay vastly inflated licensing fees as a bribe to Trump. Since the Trump corporation is a private company, no one knows who is paying how much in licensing fees. Since Trump has never released his tax returns and probably never will during his presidency, there would be no way to ever find out if some foreign government or corporation was paying millions or billions of dollars to Trump in inflated licensing fees as a bribe.

    The Clintons have been far more transparent in who has been paying them speaking fees and contributing to their charity. Trump is totally opaque on where his income is coming from.

    mikeca

    November 18, 2016 at 12:16 pm

    • Keep up with your lies, Clinton shill. And watch AG Sessions eviscerate the Clinton Foundation in the next few years. Happy days to you.

      Andrew E.

      November 18, 2016 at 12:53 pm

      • All I can say is “Let all the poison that lurks in the mud, hatch out.”

        Lay bare Trumpism for all to see.

        mikeca

        November 18, 2016 at 2:10 pm

      • What does everything think of Hillary’s physical appearance at the speech last night?

        No makeup, hair looked terrible. Is she really cracking up or was that an act?

        As a woman I can tell you it doesn’t take *that* much doing to put on a little makeup and blow out your hair. And she has help.

        gothamette

        November 18, 2016 at 4:45 pm

  3. Its really hard to keep up with the spin.

    Trump was bad because he wasnt rich *enough*. Now we are supposed to worry about him being rich again.

    We are supposed to fret about nepotism when the Clintons were the original two-for-one.

    Next thing you know the press will tell us the Imperial Presidency is bad!

    Lion of the Turambar

    November 18, 2016 at 12:20 pm

    • It’s the same story. Trump was demonstratively a hustler and a conman in the past, and he is still apparently a hustler. A lot of us hated the idea of a Clinton in the White House because of nepotism. To me honor and integrity are conservative values, which Trump does not share. To the extent Trump actually carries out his agenda, I’ll support him, but I don’t trust him given his past. I suspect Pence and Ryan are waiting patiently for Trump to fuck up. They won’t impeach him, because that would be the liberal wet dream, but they will make it clear to him that they run things not him, and he will probably be encouraged to use “age” as an excuse not to seek a second term.

      Peter Akuleyev

      November 21, 2016 at 5:11 am

  4. The Trump complainers will change their minds in half a year or so, as the gentle golden glow intensifies.

    By the way, after some pessimistic months in various doldrum investments, I today went all-in on American and Russian stocks (that is, index funds or low-cost funds with similar properties). I just like the USA post-election story, it feels like there well might be a bull market coming. For some reason, I no longer feel queasy about the larger downturn I previously expected. Also, Russia should become ever less a pariah as a result of Trump so money will start to flow there again.

    However, let me warn the reader who thirsts for my financial wisdom that I get out quickly if the numbers turn red on my little idea and then never mention it again. It’s dead to me. Dead!

    Glengarry

    November 18, 2016 at 1:17 pm

    • Russia is probably a good idea. But the US? Eh. Trump may not be the best for markets short-term, nor should he be. The establishment notion is that markets are everything, even at the cost of bulldozing your heritage. You can optimize for your heritage, country and people, or you can optimize for GDP. I prefer the former. And I believe that the former is best in the long, long run for markets too, because if America is lost, the system will crash.

      Dan

      November 18, 2016 at 1:41 pm

      • You may well be right. However, if it turns out well, I shall return to gloat.

        Glengarry

        November 18, 2016 at 1:54 pm

    • Check out ogzpy, I own tons of it. I got in around 4.00 and collected dividend twice. It’s @ 4.50 now, I think it’s still good long term.

      Yakov

      November 20, 2016 at 8:21 am

  5. Chelsea Clinton: “I was curious if I could care about (money) on some fundamental level, and I couldn’t.”

    I guess having $15 million — in addition to being the single child of parents worth well over $100 million — makes it a little easier not to care. (In other words, she’s as tone-deaf as her mom.)

    ice hole

    November 18, 2016 at 1:27 pm

    • What she meant is “once you have a net worth of $15 million, you don’t care much about increasing it because it’s enough to live on comfortably”

      Lion of the Blogosphere

      November 18, 2016 at 1:42 pm

      • Ironically, this is basically the position the young Donald Trump was in except he had the opposite outlook.

        Jokah Macpherson

        November 18, 2016 at 2:45 pm

      • All else being equal I’d rather have someone with Chelsea Clintons attitude than Trump’s be president

        Magnavox

        November 18, 2016 at 3:55 pm

    • How on earth did Chelsea get a hold of $15 million? It had to have come from gifts from her parents. There is no way that she has earned $15 million in the job market, unless the Clinton Foundation is paying her $3 million per year.

      Daniel

      November 18, 2016 at 5:16 pm

      • Public-speaking fees

        ScarletNumber

        November 20, 2016 at 11:15 am

  6. My understanding is that much of Al Gore’s current wealth is from stock options he got for being a director of Apple. In another words he made money the old fashion way, knowing the right people and being in the right place at the right time.

    He also was an adviser to Google and partner in the venture capital firm Kleiner Perkins Caufield & Byers.

    mikeca

    November 18, 2016 at 3:19 pm

    • And Apple wanted him around because (1) he invented the internet so could help them with TCPIP protocols and IPv6; or (2) knew how to lobby the govt for laws beneficial to Apple?

      Lion of the Blogosphere

      November 18, 2016 at 3:23 pm

      • Al Gore is actually a brilliant man if you read his biography. Certainly less sleazy than Bill Clinton.

        Al is basically a male Reese Witherspoon male character typecast.

        The Philosopher

        November 18, 2016 at 5:37 pm

      • The Gores have been rich since the 18th century and fought in the American Revolution. Al’s great great…grandfather was Governor of Massachusetts back in 1800 or so. You can visit the old family mansion right outside Boston. Al was plenty connected even if he had not been VP.

        Peter Akuleyev

        November 21, 2016 at 5:16 am

  7. Becoming rich while president is much worse than doing it after becoming president. I agree that much of what facilitates the latter should be illegal but the stuff that facilitates the former already is

    Magnavox

    November 18, 2016 at 3:53 pm

  8. It’s ok if liberals use their public office to get rich, they are the good guys, after all. Even if they make their bucks through Al Jezeera!

    But this goes beyond president. Look at the likes of Eric Cantor. Does he really care that he’s voted out? As punishment for failing his constituents, he parachutes to multimillion consulting/lobbying job that gives him equal if not more power.

    If you’re part of the “cool kids” you’re always a part even if the “losers” vote you out.

    fakeemail

    November 19, 2016 at 11:36 am

  9. The Clintons constant pandering for financial gain is well known to most of us and is a big reason Hillary is so unpopular and lost the election. Even the mainstream media mostly did a decent job covering that over the past few decades. (Al Gore didn’t get the same scrutiny, but he is also from a wealthy family that has been American aristocracy for 3 centuries).

    Really, Trump using the office to promote his business interests should be a serious concern to anyone who is not a crazy libertarian. Especially since so far he seems more interested in business deals than actually getting his agenda done. I thought Trump was going to keep Mexicans out, not act like a Mexican President himself.

    Peter Akuleyev

    November 21, 2016 at 5:03 am


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