The wealthiest members of Congress grew richer in 2009 even as the economy struggled to recover from a deep recession.
The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill's annual review of lawmakers' financial disclosure forms.
Sen. John Kerry (D-Mass.) tops the list for the second year in a row. His minimum net worth was $188.6 million at the end of 2009, up by more than $20 million from 2008, according to his financial disclosure form.
While the economy struggled through a recession during much of 2009 and the nation's unemployment rate soared to 10 percent, the stock market rebounded, helping lawmakers with large investments. The S&P 500 rose by about 28 percent in 2009.
Replies (9)
Sounds like the "hope" and "change" is working out great for them.
-- Posted by Mowrangler on Wed, Sep 1, 2010, at 7:25 AM
So this is what barrack meant when he was talking about the "Summer of Recovery".
I just hope and pray the John (Mr. $188.6 million) Kerry will be able to survive on his $100,000+ taxpayer funded lifetime pension when he retires from the Senate. 5 multi-million dollar mansions is a lot of upkeep.
BTW- wasn't there some president that said there comes a point when someone has enough money and needs no more?
-- Posted by FreedomFadingFast on Wed, Sep 1, 2010, at 8:00 AM
DT, help me here to understand something. Who needs 5 mansions? You can only live in one at a time. Like you can only eat one meal at a time regardless the richness of the menu. Drive one car at a time.
When one gets older, the realization sets in that things are a burden.
-- Posted by voyager on Wed, Sep 1, 2010, at 8:43 AM
Sounds like wealth envy to me.
-- Posted by FriendO on Wed, Sep 1, 2010, at 8:44 AM
No, FriendO, been there, done that. Sadly, very unlikely you shall ever have the opportunity to learn from experience.
-- Posted by voyager on Wed, Sep 1, 2010, at 9:00 AM
John Kerry is for the working man. He is a Democrat you know.
And he got his wealth the old fashioned way.... He married it!
-- Posted by Have_Wheels_Will_Travel on Wed, Sep 1, 2010, at 9:07 AM
Ike,
Assuming your last statement is true... would that be because they are such outrageous hypocrites?
-- Posted by Have_Wheels_Will_Travel on Wed, Sep 1, 2010, at 2:59 PM
Spaniard wrote:
"Republicans only hate the rich when they are democratic politicians."
We don't hate them then, we merely point out their hypocracy when, for example, they dock their yacht out-of-state to avoid paying in-state taxes, while demanding that others 'pay their fair share'...
-- Posted by Shapley Hunter on Wed, Sep 1, 2010, at 3:04 PM
And who determines and decides what is a "fair" share/
Answer: Why a Democrat , of course, because they are so "fair" minded.
-- Posted by voyager on Wed, Sep 1, 2010, at 3:45 PM
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http://thehill.com/homenews/senate/116489-wealthy-lawmakers-increased-their-rich...
The wealthiest members of Congress grew richer in 2009 even as the economy struggled to recover from a deep recession.
The 50 wealthiest lawmakers were worth almost $1.4 billion in 2009, about $85.1 million more than 12 months earlier, according to The Hill's annual review of lawmakers' financial disclosure forms.
Sen. John Kerry (D-Mass.) tops the list for the second year in a row. His minimum net worth was $188.6 million at the end of 2009, up by more than $20 million from 2008, according to his financial disclosure form.
While the economy struggled through a recession during much of 2009 and the nation's unemployment rate soared to 10 percent, the stock market rebounded, helping lawmakers with large investments. The S&P 500 rose by about 28 percent in 2009.
Replies (9)