Hillary: Making $100 million is not being “truly well off,” you know

posted at 8:41 am on June 23, 2014 by Ed Morrissey

One might have thought that Hillary Clinton would have learned a lesson about minimizing her personal wealth after her “dead broke” comment to Diane Sawyer in the first interview on her Hard Choices book tour. Her team tried to walk back those comments the next day, but to no avail. Political analysts blasted Hillary for being “tone deaf” during the interview, and that was before news broke that the Clintons like to exploit estate-tax loopholes they claim to oppose.

Hillary took her road show overseas, but still is making the same condescending mistakes in her quest to be seen as the hoi polloi with lots of toys. When challenged by The Guardian to explain her ability to speak on income inequality after making an avalanche of money in her post-White House years, Hillary tried to claim that she’s not rich-rich … and besides, she’s worked hard. Unlike the rest of those who have wealth, apparently:

And money? What about money? Bill and Hillary have reportedly made more than $100m since they left the White House in 2001. Yet that didn’t stop Hillary complaining to Diane Sawyer on ABC News that the couple had emerged from highest office “dead broke”, a comment that ranks for its tone deafness alongsideJohn McCain’s admission in the 2008 presidential election that he couldn’t remember how many houses he owned.

America’s glaring income inequality is certain to be a central bone of contention in the 2016 presidential election. But with her huge personal wealth, how could Clinton possibly hope to be credible on this issue when people see her as part of the problem, not its solution?

“But they don’t see me as part of the problem,” she protests, “because we pay ordinary income tax, unlike a lot of people who are truly well off, not to name names; and we’ve done it through dint of hard work,” she says, letting off another burst of laughter. If past form is any guide, she must be finding my question painful.

“Not to name names”? Why not? If she’s referring to Mitt Romney, he paid plenty of income tax, and never once pretended to not be “truly well off.” Unlike the Clintons, Romney built his own business through hard work, not by leveraging the notoriety acquired by public service into multi-million book advances for memoirs written by ghost writers, and huge fees from the speaking circuit with speeches written by aides. At which job did Hillary employ “hard work” to earn that wealth, anyway?

Democrats are starting to worry about the hypocrisy and tone-deaf pronouncements, and the royal political difficulties they will produce:

Some influential Democrats — including former advisers to President Obama — said in interviews last week they fear that Clinton’s personal wealth and rarefied, cloistered lifestyle could jeopardize the Democratic Party’s historic edge with the middle class that powered Obama’s wins.

“I don’t know whether it’s just that she’s been ‘Madam Secretary’ for so long, but she’s generating an imperial image,” said Dick Harpootlian, who recently stepped down as Democratic Party chairman in South Carolina, which hosts an early presidential primary.

Harpootlian, who backed Obama over Clinton in 2008 and is a longtime ally of Vice President Biden, added: “She’s been living 30, going on 40 years with somebody bringing your coffee to you every morning. Is it more ‘Downton Abbey’ than it is America?”

Multiple Obama campaign advisers — who spoke only on the condition of anonymity to avoid alienating the Clintons — said they fear Clinton’s financial status could hurt her as it did Republican nominee Mitt Romney, whom Obama portrayed in 2012 as an out-of-touch plutocrat at a time of economic uncertainty.

“It’s going to be a massive issue for her,” one Obama adviser said. “When you’re somebody like the secretary of state or president of the United States or first lady, you’re totally cut off [from normal activity], so your perception of the middle-class reality gets frozen in a time warp.”

Asked what Democrats should do, the adviser said: “Panic.”

The panic will begin now, and not wait for 2016. Senate Democrats wanted to use income-inequality messaging against Republicans in the midterms as a way to distract from the non-recovery economy, ObamaCare, multiple scandals, and the collapse of Barack Obama’s foreign policy. Obama himself has been teeing up this strategy for more than a year. With Hillary Clinton actually embodying the persona that Democrats tried to hang on Romney in 2012, that messaging will backfire as Hillary Clinton sucks up more and more of the oxygen from the political scene.

The phrase “limousine liberal” will be poised for a big comeback this midterm season, and Democrats will have Hillary to thank for it.


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Comment pages: 1 2

verbaluce on June 23, 2014 at 11:54 AM

Yes.

Bmore on June 23, 2014 at 12:04 PM

she’s not rich-rich

…what’s with these Dems?…and rape is not rape-rape!

JugEarsButtHurt on June 23, 2014 at 12:04 PM

Well, ya know, ta be fair, you really don’t have real financial security until you’ve made your second billion…..
Ya just can’t live the same these days on a mere $100 million….

dentarthurdent on June 23, 2014 at 12:06 PM

she’s not rich-rich

…what’s with these Dems?…and rape is not rape-rape!

JugEarsButtHurt on June 23, 2014 at 12:04 PM

and gang killings aren’t murder-murder….

dentarthurdent on June 23, 2014 at 12:07 PM

Do her stupid stumbling suggest anything? How about she doesn’t pack the gear.

StevC on June 23, 2014 at 12:09 PM

Verbie,

That said – let’s not be fact deaf.
She did not say having 100 mil is not ‘truly well off’ or that she isn’t ‘truly well off’.
She said…as you note: “because we pay ordinary income tax, unlike a lot of people who are truly well off”.

verbaluce on June 23, 2014 at 10:05 AM

Did you read how she and her Pimp split the NY house in two, in order to evade taxes and to pay less in inheritance taxes, when they croke, while Billy and her are for higher inheritance taxes for all other.

So…I’m calling you out.

Schadenfreude on June 23, 2014 at 12:12 PM

“At which job did Hillary employ “hard work” to earn that wealth, anyway?”

That there futures tradin’, that’ll wear you down.

But Hilary, she ain’t no ways tahred…

GrassMudHorsey on June 23, 2014 at 12:16 PM

If Hillary continues on this path, and Christie continues on his, by 2016 they’ll be of the same weight.

Schadenfreude on June 23, 2014 at 12:19 PM

Chelsea Clinton tried to care about money but couldn’t

http://www.nydailynews.com/news/politics/chelsea-clinton-care-money-article-1.1840138

Clinton wed husband Marc Mezvinsky, a former Goldman Sachs banker who started his own hedge fund, in a lavish 2010 ceremony estimated to have cost $3 million.
The couple, who purchased a $10.5 million Gramercy Park apartment in 2013, are expecting their first child.

redguy on June 23, 2014 at 12:46 PM

H/t Bmore

Schadenfreude on June 23, 2014 at 12:49 PM

Ya’ll need to stop harassing Hillary – she’s nuttin’ but normal folk. I was talkin’ tuh her yestaday at Wal Mart, and…

easyt65 on June 23, 2014 at 12:49 PM

“I ain’t no ways well off…since I done pay my taxus like the po’ folk….”

Barakingham Palace on June 23, 2014 at 1:11 PM

verbaluce on June 23, 2014 at 10:05 AM

Did you read how she and her Pimp split the NY house in two, in order to evade taxes and to pay less in inheritance taxes, when they croke, while Billy and her are for higher inheritance taxes for all other.

So…I’m calling you out.

Schadenfreude on June 23, 2014 at 12:12 PM

Did you not read my full comment?
Which included:

…Now her efforts to minimize her estate tax make her actual comment hypocritical for tweaking those who use other available tax minimizing strategies.

So I’m calling you calling me out..um…out.

verbaluce on June 23, 2014 at 1:13 PM

verbaluce on June 23, 2014 at 1:13 PM

Having said/read that, all other became moot, but you are verbie, alas.

Schadenfreude on June 23, 2014 at 1:21 PM

If your daughter’s wedding cost more than $10K, you aren’t one of us plebes.

Immolate on June 23, 2014 at 1:22 PM

She did not say having 100 mil is not ‘truly well off’ or that she isn’t ‘truly well off’.
She said…as you note: “because we pay ordinary income tax, unlike a lot of people who are truly well off”.
That is very different from what your post heading suggests.
So…I’m calling you out.
Now her efforts to minimize her estate tax make her actual comment hypocritical for tweaking those who use other available tax minimizing strategies. Call her out for that…fairly.
But she did not and is not saying she is not ‘truly wealthy’.

verbaluce on June 23, 2014 at 10:05 AM

It isn’t having 100mil… it’s making 100mil in 14 years.
We don’t know what they have, or their earning potential into the future.

Do you think a steady income of 7 million a year is “not truly well off”?

I know several retirees who have retired with considerably less than 7 million in the bank; and they’re “well off”. Would you argue otherwise?

How much do you have to earn annually to be “truly well off” if 7 million a year isn’t sufficient to hit that limit?

Are they only worth 100 mil or less? Or could that perhaps be more with investments?

I mean this is a lady who could roll $1,000 into $100,000 in 2 years trading in cattle futures (with no cattle training or background) surely they’re worth trillions by now…

Or can she no longer work that amazing magic as she did in the past?

gekkobear on June 23, 2014 at 1:32 PM

Child rapist lawyer

John the Libertarian on June 23, 2014 at 1:35 PM

gekkobear on June 23, 2014 at 1:32 PM

Clearly, the minimum wage needs to be bumped up to at least $8 Million per year.
Anything less is just not a proper “living wage”.

dentarthurdent on June 23, 2014 at 1:36 PM

Hillary – please go away. Leave us alone. Go home and focus on being a grandmother.

TarheelBen on June 23, 2014 at 8:49 AM

Ben

I have to respectfully disagree with you there. Look at the epic meltdown that we have seen over the past 2 weeks. We conservatives need MORE OF THIS STUFF. We all know how the Democrats use class warfare to gain power, and (ironically) to enrich THEMSELVES. The average joe on the street, who does not follow the conservative press, does not appreciate this fact very well. But Hillary has just put this fact on display, in the most garish way possible.

Even the most diligent efforts of the establishment press have not been enough to cover up her implosion.

I desperately hope that she gets the Dem nomination for president. She has already given us enough ammunition to beat her into the dust – and I bet that she will give us even more, if she continues her present flailing. The epic meltdown that she will have in 2016 will be priceless.

SubmarineDoc on June 23, 2014 at 1:59 PM

Funny, I thought anyone who made more than 250k a year was “Rich”, and should pay more of “their share” of the tax burden in this Country.

The balls on this broad.

a5minmajor on June 23, 2014 at 2:15 PM

Focus

Schadenfreude on June 23, 2014 at 2:32 PM

Hilary is just pissed that even while she and Bill were in the WH they were less well off than the number 2 on the ticket/Gores, because they were only 1st generation political parasites. Now even though they have made millions after leaving office, Al Gore still has made more due to his phony climate and Al Jazeera tv deals. Just sayin’

txmomof6 on June 23, 2014 at 3:16 PM

Hey, she just wants to champion the little people…not actually BE one of them. That’s gross…

Wyznowski on June 23, 2014 at 3:23 PM

Why isn’t this a huge story today? From the link:

BOOK: HILLARY HAS BAD HEART
Sun Jun 22 2014 18:01:30 ET
slickwillie2001 on June 23, 2014 at 3:40 PM

Well, cuz we all know already that her heart is black as coal.
Is that racist? Probably…

Ohhhh, you mean as in health problems, well then, …. ehh, no big surprise there – probably pickled.

dentarthurdent on June 23, 2014 at 3:44 PM

Too bad none of this will matter since she will win 78% of the single-woman vote, and the Dems will canvas every college campus to make sure they show up at the polls.

As much as I wish it did matter, single women will all line up to vote for her, parroting some stupid line about Republicans stealing their birth control and hating woman.

goflyers on June 23, 2014 at 4:03 PM

Another bug-eyed photo. Seems like you can tell the recent pix from the old ones just by the eyes alone.

Missy on June 23, 2014 at 4:21 PM

There is no shame in having had a successful political career that has given one the finest things in life…

Immolate on June 23, 2014 at 8:53 AM

Seriously? You don’t think something’s wrong where “public servants” become multimillionaires due solely to having held positions in government?

Dr. ZhivBlago on June 23, 2014 at 4:28 PM

When someone like Hillary says she worked hard to get ahead, I don’t even know what that means. She got good grades, went to top schools did well, that is work, but is it the same as “hard” work? It was natural for her, she had talent, so how hard was it to do what came easily. And she always knew that what she did would lead to a better situation, so it was never fruitless, hard work. At some level it had to be fun most of the time.

Working in a factory, knowing that, this is probably the best you can expect out of life, ever! That seems like harder work than anything Hillary ever was involved in. She had good schools, she was good at wheeling dealing, winning campaigns… people helping her hide the payoffs by pretending they paid her for something like making a speech…

Hard work.

I don’t think she even knows what that is. I’m not even sure I have first hand experience in really hard work, not the way my parents and grandparents did.

petunia on June 23, 2014 at 4:44 PM

Hey! one advantage of electing Hildebeest: being a woman, we wouldn’t have to pay her as much!

WaldoTJ on June 23, 2014 at 4:46 PM

There is no shame in having had a successful political career that has given one the finest things in life…

Immolate on June 23, 2014 at 8:53 AM

Seriously? You don’t think something’s wrong where “public servants” become multimillionaires due solely to having held positions in government?

Dr. ZhivBlago on June 23, 2014 at 4:28 PM

The only way you can get the finest things in life from a political career is if you have taken advantage of the system. Politics is legal insider trading. And many more politicians should simply be put in prison, for all the money they made while increasing the suffering of others!!! Especially Democrats who pretend they are doing public service by bilking the public.

That is not public service. It is very common. But it is grifting. Just like any other sham way to make money.

People pay you for your willingness to stiff other people. That is not honest work. There is nothing honorable in that kind of work.

petunia on June 23, 2014 at 4:49 PM

What’s the term? Oh yeah, “affluenza.” Thanks, libs!

Common Sense Floridian on June 23, 2014 at 12:23 PM

Thanks for reminding us! “Affluenza” is the perfect definition for Hillary.

I don’t like to complain …. but I’m going to! My family is or had been what you’d call lower to mid “middle class” … not poor but no where near rich either. It is getting harder just to put food on the table let alone try to make one necessary major repair and several minor repairs on our older house (1901? … 1899?). Good thing the house is paid for, although the City of Minneapolis property tax is at least twice as much as it should be … probably as much as our house payments would be if we were still paying for it. Obviously they over-inflate the worth of the house for tax purposes.

Hillary … Either you don’t really care … OR … YOU KNOW NOTHING !!! (Maybe both?)

wutzupdak on June 23, 2014 at 5:09 PM

Nouveau riche on stérions.

Her family had money but she has far surpassed her parents. Wonder if the Cougars from 2008 want to support someone who has finally realized that no matter who she knows, how much she makes, where she lives, where she dines – she’ll never make it to the very top – the $400,000,000 crowd. Gee, $50,000,000 must be chump change to billionaires. She has to pay taxes. Well, at least on what’s is visible as earned income. I’ve read that she and Bill are setting up trust funds to keep from paying taxes.

MN J on June 23, 2014 at 5:51 PM

Is Hillary rich, (apart from the pork-bellies and millions she has)?

Yes, her most memorable quotes are rich in irony (“3am call…”, “what difference …”) and her life-story is rich with invention, starting with her name, continuing with the alliance that she calls “marriage” and ending with her achievements as a Senator and at the Department of State.

By any measure, she is very rich indeed. But she is not the only bloated Democrat with the gall to speak for the “middle-class” (whom they seek to dominate forever). In that respect only, she is average.

virgo on June 23, 2014 at 6:17 PM

Hard times for her and Bill is when they had to wait a couple of weeks before buying a new silver tea service when the old one started showing some tarnish.

She is really dumb as a rock.

And I feel stupid for ever thinking she was moderately intelligent.

s1im on June 23, 2014 at 7:03 PM

She is really dumb as a rock.

s1im on June 23, 2014 at 7:03 PM

The lawyers who ran Rose Law Firm figured that out decades ago…that’s why they stuck her goofy self, Vince Foster, and Hubell (the tax evasion guy…can’t blame him, but still…) in their own little corner to handle ambulance-chasing cases. No way they were going to let Shrillary near their high-value, respectable clients. But, she was juiced in so they had to do something with her.

Dr. ZhivBlago on June 23, 2014 at 8:40 PM

Sorry. This is weak sauce, guys.

Voters don’t see me as part of the problem because we pay ordinary income tax, unlike a lot of people who are truly well off…

She is actually owning being “truly well off”. “Unlike a lot” means she’s distancing her self not in kind, but in the Clinton’s differences from the majority of the group.

They “pay real taxes” just probably means that unlike a lot of people who have a lot of money (not “unlike those people who have a lot of money”), they don’t do everything they can to get every tax break, they don’t invest in every shelter they can to minimize their tax bill.

But still, Hill, it’s income inequality, isn’t it? Regardless of whether you pay more in taxes, it’s your role in the system which gives you that unequal slice of the pie, where you can decide whether to pay a “fair share” in taxes or not. Sure you pay more in taxes (perhaps), but don’t pretend for a moment that you pay enough in taxes to make your net equal to the average income.

Just because you pay into the dole to disperse to “the rabble” doesn’t mean you’re not part of an “unequal distribution of wealth”. Saying that you worked hard for it, and other people didn’t both invalidates the furor over income “distribution” while vacuously pandering to that cause.

Axeman on June 23, 2014 at 9:10 PM

Let the Democratic panic begin.

Olo_Burrows on June 24, 2014 at 8:18 AM

Hey Hillary can you spell “out of touch”???

snoozinglion on June 24, 2014 at 8:58 AM

She means . The truly rich pay only dividends tax NOT income tax like the little people.

gwhh on June 24, 2014 at 1:59 PM

she also landed under intense sniper fire.

pc253 on June 25, 2014 at 11:52 PM

Comment pages: 1 2