Return On Investment
Posted on May 13, 2008 at 8:00 amLavish campaign expenditures for public offices with relatively meager salaries start to make sense when on looks at the back end:
Al Gore reportedly declared assets of less than $2 million prior to his run for the presidency; I read that recently he invested $35 million dollars in an investment firm that specializes in investing in makers of environmentally friendly products. He is reputed to have made more than $100 million since his defeat in that presidential bid — that’s a lot of green, even for an environmentalist.
Global warming has been good to Al. He would no doubt like to see his investments flourish. The Financial Times just reported that the Climate Solutions Fund, the investment vehicle headed by Al Gore, has closed a new $683 million fund which invests in early-stage environmental companies. It is one of the biggest such funds.
The Clintons reported assets of $109 million this past year, after reporting assets of only $2 million in 2003. That’s an amazing amount of change to have amassed in the span of a few years. Politics pays.
The Obamas, who suffered the burden of college loans incurred for educations at Princeton and Harvard law school. struggled mightily, in near deprivation we are told by the underprivileged Michelle, until Barack made his first couple of million. But they are just getting started, and may be excused for not being filthy rich — yet. They made $3.6 million last year. It will take a few more Rezco deals before they achieve financial parity with their peers — fortunes that would make even the most depraved corporate CEO blush. Men of the people — all.
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One Responses to “Return On Investment”
Make up a problem. Make up a solution. Sell it. He is making a killing by selling mythical carbon credits. Kinda like the fiat money the private bank FDR creates out of thin air….