Politics
Elizabeth Warren Suggests She's Not In The 1%
In fact, she is. The liberal standard-bearer's wealth is in the eight-figures.
Source: youtube.com
Posted
The rhetoric of class and inequality is back in force, and Massachusetts Senate candidate Elizabeth Warren -- the standard-bearer for a combative new progressivism -- made the case to MSNBC's Lawrence O’Donnell last night that members of the Senate shouldn't own stock.
“I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios" she told him.
Hard to see how Warren wouldn't be, by most standards, wealthy, according to the Personal Financial Disclosure form she filed to run for Senate shows that she's worth as much as $14.5 million. She earned more than $429,000 from Harvard last year alone for a total of about $700,000, and lives in a house worth $5 million.
She also has a portfolio of investments in stocks and bonds worth as as much as $8 million, according to the form, which lists value ranges for each investment. The bulk of it is in funds managed by TIAA-CREF.
Warren would not, of course, be particularly wealthy by the tony standards of the Senate. But she's also unlikely to draw the sort of popular identification with her financial status that might attach to Marco Rubio, whose home is underwater.
And efforts to pass herself off as one of the 99% for whom she aims to speak appear likely to backfire.
UPDATE: Warren spokesman Kyle Sullivan emails, "Elizabeth was making the point that, unlike many members of Congress, she does not have a broad portfolio of stocks in individual companies. If elected, she'll get rid of the one stock she does own."
Warren's stock, an aide says, is all in mutual funds, with the exception of holdings in IBM which she has had for decades.
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Facebook Conversations
16 Responses So Far
- Jay Simple thinks Elizabeth Warren Suggests She's N... is Fail
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My fucking god. Anyone who actaully thinks along the lines of this bullshit title is either A) Too lazy to have actually watched the video, B) Too lazy or stupid to actually listen to and understand the words that were being said, or C) Too disingenuous to acknowledge that this is bullshit and sees it as an opportunity to egg on the assholes.
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My favorite part about this blatantly misleading article is that even the author was too ashamed to put his name on it. I take it the Warren hit piece has something to do with marketing Buzzfeed to the political “news” cesspools that are vomiting all the new Facebook nutcases on the site.
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Jesus christ, how can you take half of what she said and skew it in such a manner? If Buzzfeed Politics wasn't such shit journalism, the headline wouldn't be so misleading and would also mention her record, like that she conceived the idea of the Consumer Financial Protection Bureau.
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It seems to me she's saying she doesn't have a lot of stock portfolios, while acknowledging she's a wealthy individual. Here's to Jr High reading comprehension / blatantly misleading spin…
- chotchky thinks Elizabeth Warren Suggests She's N... is Fail
- realchrisjones thinks Elizabeth Warren Suggests She's N... is Woof!
- Dbailey2 thinks Elizabeth Warren Suggests She's N... is Fail
- ihatethemedia.com readers just made Elizabeth Warren Suggests She's N... more viral
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Pardon. I seemed to have wandered onto the Drudge Report by mistake…
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She is stupid. Why doesn't she just say “Yes I am well off but I'm in it for the little guy, I want to look out for the 99%.” She shouldn't run away from her success. To deny being rich when she's worth $14.5 million is just stupid. That's why you shouldn't vote for her.
- jaredm5 Elizabeth Warren Suggests She's N...
- johnh41 thinks Elizabeth Warren Suggests She's N... is WTF
- mfprtoo thinks Elizabeth Warren Suggests She's N... is Fail
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What surprises me is how the liberals line up to defend this Bitc4!
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Sounds like Elizabeth has been busy accumulating as much money as she can for a long time. A gigantic pile of it. Now she feels guilty and wants to redistribute everyone else's money.
- mixmasterz thinks Elizabeth Warren Suggests She's N... is Fail
- ace.mu.nu readers just made Elizabeth Warren Suggests She's N... more viral
- pjmedia.com readers just made Elizabeth Warren Says She's Not I... more viral
- memeorandum.com readers just made Elizabeth Warren Says She's Not I... more viral
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Warren is rich- not wealthy. Everything is relative. To most people reading this she's wealthy- to her, comparing herself to the big names- she's rich.
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The obvious out-of-context in this headline in embarrassing. Was this written by JP Moore?
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Someone seems to have misread what she said…
- Elizabeth Warren Says She's Not I... is starting to go viral on Facebook Share It
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Elizabeth Warren says she's not wealthy. Ever seen Chris Rock's riff on being rich versus being wealthy? No? Now you have something new to look up on Youtube. You can thank me after you fix your headline.
- Snertly thinks Elizabeth Warren Says She's Not I... is Fail
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I realize there are some wealthy individuals – I’m not one of them OH MY GOD that's outrage—oh, she wasn't finished. but some wealthy individuals who have a lot of stock portfolios Oh. Well, that's an awful headline.
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Also misleading headline, “Elizabeth Warren Says 'She's Not In The 1%'” Which in fact that statement never came from her mouth. No one is disparaging wealth, they are disparaging unethical ways people have acquired wealth by exploiting laws, lobbying, passing legislation that also pads your wealth.
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Let's look at it from a context point…she is running for congress…not yet an elected official, which is the point of the statement. They are referring to owning stocks while being an elected official
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What a Joke!
- Elizabeth Warren Says She's Not I... is starting to go viral on Twitter Tweet It
