The other party of the rich
So much for branding the Republican Party the “party of the rich.”
So much for Michelle Obama’s call to spurn corporate America and hedge fund companies and the perks of private-sector life.
Earn as they say, not as they earn:
Top White House economic adviser Lawrence Summers received about $5.2 million over the past year in compensation from hedge fund D.E. Shaw, and also received hundreds of thousands of dollars in speaking fees from major financial institutions.
A financial disclosure form released by the White House Friday afternoon shows that Mr. Summers made frequent appearances before Wall Street firms including J.P. Morgan, Citigroup, Goldman Sachs and Lehman Brothers. He also received significant income from Harvard University and from investments, the form shows.
In total, Mr. Summers made a total of about 40 speaking appearances to financial sector firms and other places, with fees totaling about $2.77 million. Fees ranged from $10,000 for a Yale University speech to $135,000 for an appearance paid for by Goldman Sachs & Co…
More cashin’ in from the true representatives of the little people:
David Axelrod, the president’s top political advisor, reported in his form that he will get $3 million over the next five years from the sale of his two media consulting firms, ASK Public Strategies, LLC and AKP&D Message and Media. In addition, Mr. Axelrod took a salary of $896,776 last year from AKP&D and reported $651,914 in partnership income from the two companies.
In total, Mr. Axelrod reported assets valued between $6.9 million and $9.5 million. Mr. Axelrod’s clients were mostly political campaigns, including those of Rep. Patrick Kennedy, New York Attorney General Andrew Cuomo, and Chicago Mayor Richard M. Daley. He also reported receiving money from large corporations such as AT&T Inc., Comcast Corp. and the nuclear energy company Exelon Corp…
…Valerie Jarrett, assistant to the president for intergovernmental affairs, lists a $300,000 salary and $550,000 in deferred compensation from The Habitat Executive Services, Inc., in Chicago.
Ms. Jarrett also disclosed payments of more than $346,000 for service on boards of directors that reflect her political ties, and work in Chicago real estate and community development.
She was paid $76,000 last year for service as a director of Navigant Consulting, Inc. a Chicago-based global consulting group with governmental clients. She received $146,600 for service on the board of USG Corporation, a building materials manufacturer, and $58,000 to serve on the board of Rreef American REIT II, a real estate investment trust based in San Francisco. The Chicago Stock Exchange, Inc., paid her $34,444 to serve on its board.
Deputy National Security Advisor Tom Donilon earned $3.9 million as a partner at the law firm of O’Melveny & Myers LLP, where his clients include Citigroup, Inc., Goldman, Sachs & Co., and Obama fundraiser and heiress Penny Pritzker.
Carol Browner, assistant to the president for energy and climate change, disclosed earnings of between $1 million and $5 million from lobbying firm Downey McGrath Group, Inc., where her husband, Thomas Downey, is a principal. She states $450,000 in “member distribution” income, plus retirement and other benefits from The Albright Group, a lobbying firm whose principals include former Secretary of State Madeline Albright.
See what others have said
Note from Michelle: This section is for comments from michellemalkin.com's community of registered readers. Please don't assume that I agree with or endorse any particular comment just because I let it stand. A reminder: Anyone who fails to comply with my terms of use may lose his or her posting privilege.
Trackbacks
- Obama-rama in Europe! The President who keeps on giving - no Kiss for Obama? « Jim Blazsik
- Hedge Fund Paid Obama Economic advisor Larry Summers $5.2 Million in Past Year! Plus David Axelrod, Vallerie Jarret, Carol Browner and others get plenty of cash! | Fire Andrea Mitchell!
- $50,000 Electric Ford Coming - How much car can you afford? « Goodtimepolitics
- Obama, Tell Me Lies… Tell Me Sweet Little Lies « Frugal Café Blog Zone
- Michelle Malkin » A prescription for Larry Summers
- GE–General Electric Plugged Puppet President Pinocchio–P3–Time To Unplug Jeff Immelt and GE! « Pronk Palisades
Comments
You must be logged in to post a comment.
Categories: Democrats
Power Line
» More From the East Anglia Archives
American Thinker
» Sarah Palin and the low ebb of the cultural leftDoug Ross @ Journal
» ACORN pwnage part II: Breitbart's BigGovt Lowers the BoomBig Government
» BREAKING: San Diego ACORN Document Dump ScandalVillainous Company
» Amateur Hour in the Oval Office Continues....Nice Deb
» OGreen Room
» Times Slimes Obamic Climes
hurryyyy b4 the obambi tax hikes kick in
SPIT
Most people in the upper levels of government are rich, no matter the party. Do you really want someone who makes $10 per hour to move into one of these positions? While I do not agree with thier politics, there are few people with the determination and the desire to do these jobs, and they get paid big bucks in the civilian world.
its only a bonus if you work for AIG
SPIT SPIT SPIT
It’s all about motive and intent. Everything the Dem’s do is noble and honest. But Republicans doing the same things are clearly evil.
WR,
hmm remind me please what an ACORN community agi-tater gets payed?
and your premise is abject bunk for the record PERIOD
Who was it that said that we would probably all be better off if we were governed by the first 100 names or so out of the phone book?
Sadly, I think they were right.
- although I think they should start somewhere further in the book so I am included
oh and WR yes I want anyone to be able to get elected vs the whores we have now.
what is it YOU want?
after you put your moral equivication crap aside that is.
RIP Bucky a fine rag picker.
It’s not the money or how they earn it, it’s the hypocrisy.
Still gets it.
rw remind me how the clintons ever made a dime again, endless examples of showed up po played the ho and walked away rich pols.
And America’s middle class grew three sizes that day!
What a lovely fairy tale that “grow the middle class/tax cut” was – pure pablum! Unfortunately though, Americans bought it.
JH,
for clarification a rag picker is someone who sails vs a stink potter someone who motors. should not have been obtuse and presumed all knew that.
DB,
while some who live in America voted for obambi they are not Amrican not even close as they have ZERO concept what America is. Please do not give them the Blessed title of American.
The new bourgeoisie.
So democrat corruption is ok but republican coruption is bad???
Is that right stillwaiting?
It does seem hypocritical to want to cap executive pay and compensation across the board, with or without tarp money, while their own people boasted compensations larger than what they’re saying is acceptable.
However, I’m not particularly concerned with what they made last year in the private sector. More power to them, wish it was me. What I want to see is this time next year, how much they made in 2009 once they were on the taxpayer payrolls. I would imagine that having such all-important jobs during these times of crisis, they wouldn’t have the time to devote to outside pursuits.
Speaking of outrage….
“Fannie, Freddie Bonuses Total About $210 Million”
James Lockhart, director of the Federal Housing Finance Agnecy, said “For personal privacy and safety reasons, it wouldn’t be appropriate to release the names of all those receiving bonuses of $1000,000 or more.”
And Barney Frank said?
…cricket sounds…
Good to see no lobbyists are involved. Except for maybe a dozen or two. Hypocrisy? Thy name is Democrat.
…oops
bonuses of
$1000,000$100,000 or more.Well, a guy’s gotta make a living…
No….corruption is bad in either case, but when a conservative is corrupt, we kick his butt out, whereas corruption for a democrat is expected and used as a resume builder. I can’t think of a republican in office that was a member of the kkk….killed a woman on a drunken midnight ride….ran a gay prostitution ring out of their apartment…took millions in real estate kickbacks/money laundering, and so forth. We have a democrat running the committee dealing with taxes who didn’t pay his own taxes, had a dem on the ethics committee who had 90k in a freezer…every top democrat has an establised list of crimes and/or wrongdoings, yet are NEVER held accountable, either by a court of law or by their own electorate. Don’t know how this double standard came about and I wonder if middle America will ever hold such people to task…I know msm is in the bag but how our republican reps got to be so spineless as to not bring these issues up publically and daily is beyond me. I’m contemplating running for office myself in ‘10. I expect zero backing from the RNC as I intend to be very outspoken and blunt, I’ll call ‘em as I see ‘em, and if I achieve nothing else, I’ll generate some knowledge and interest in how our local and federal politicians “do business.”
Thus the term “LIMOUSINE LIBERALS”… Any questions???
Here’s the blinding hypocrisy to me–the Democrats what to define “millionaires” as folks who make $150,000 a year (or is it $75,000 now?), and yet it is THEY who use much of their money towards charitable giving for the poor Worldwide. However, when you take someone like Obama and his LITERAL millions (from the sales of the books that he supposedly “wrote,” and other money that found its way into his deep pockets), he can’t even put up the poor folks WHO ARE HIS OWN FLESH-AND-BLOOD!
Why doesn’t Congress draft a bill that forces the president to shell out 100% of the money for his Aunt’s provisions, so WE don’t have to. How come SHE is OUR responsibility? Why is she living on OUR dime? I am outraged that THE PRESIDENT OF THE UNITED STATES has an Aunt of foreign abstraction who is FORCED to live as some sort of refugee, using PUBLIC ASSISTANCE.
IF OBAMA doesn’t care enough about his OWN FLESH-AND-BLOOD to give her assistance from his own pocket, then WHY THE HELL SHOULD I? The greed and utter disregard of your common leftist in this country is disgusting, yet THEY get all the credit from the media for “caring” about the needy and the disenfranchised. The disconnect here is maddening.
There, fixed it.
And where do all these thieves get their start before they get to Congress? They all have their hands in each other’s pockets. Just take the Chicago thug group and see where all the paths cross. It’s rezko, obama, seiu, obama, blago, obama, acorn, obama, rahm. And that’s just breaking the crust off one dirty cesspool. Follow the money trail. Taxpayers, it’s your tax dollars at work.
Will these clowns now have to have their “speaking fees” approved or set by someone in France or even Iran because of Nobama’s new selling out of our sovereignty?
They want to tell us what corporate and even not-so-corporate folks can earn? Well, looks like what’s good for the goose…
Can that lying snake Axelrod and others get by on a $50,000 fee instead of the millions they now expect?
hitcharide, In total agreement with your posting and let me wish you the best of luck in your race, we need people to speak the truth and knock off the party bull$hit as you say.
It is a form of madness for democrats to actually believe that they truly represent those without their wealth.
“All animals are equal. Some are more equal than others.”
What Geithner (and Summers) are really up to with PPPIP (TARP II)
I wouldn’t listen to that dirt bag Axelrod if he paid me $50,000, well, maybe, since I’m on disability and living under the poverty line.
the above would actually apply to any of the socialist pigs, called democraps.
No word yet on whether they paid taxes on their earnings or not.
It was the late, great William F. Buckley, jr., who said, “I’d rather entrust the government of the United States to the first 400 people listed in the Boston telephone directory than to the faculty of Harvard University.”
yohannbiimu said:
It is an outrage, and what’s more outrageous is that I haven’t seen a leftist yet who will ADMIT this is an outrage. How any thinking person can excuse this, or that his brother lives in a hut in Kenya, is beyond outrageous.
And this PRETENDER has the AUDACITY to lecture others about sacrifice and taking care of the poor is mindnumbing.
How much does Axelrod’s Obamaprompter make?
It was probably made in China, spits out what they write, and sends live video back to Beijing to the Forbidden Giggle Room.
Don’t forget that Warren Buffet was not only one of the architects of the bank bailout but he is a major beneficiary too.
All this is no surprise.
Back when the issue of reforming the power of trial lawyers was a hot issue, I considered the trial lawyers the modern day equivalent of the last century’s robber barons.
Which of course, made the democrats the part of the modern day robber barons.
Nice to have the media complicit in covering that aspect up.
Hmmm… sounds like those “excessive” salaries we’ve been hearing so much about lately.
And, to think, none of what these flunkies who received 6 or 7 figure incomes produced a single widget. How many folks in this country perform work for well less than $100K in salaries or wages who either directly or indirectly provide a product or service that any of us can buy at a fair price and have that product provide a utility far beyond the price paid for it?
Methinks the people whose large incomes need to be the focus of “redistribution” efforts should be these overpaid charlatans who want to prevent we “little folks” from becoming not so little if not big folks ourselves.