Tags: White | House | Hopefuls

White House Hopefuls All Well-Heeled

Sunday, 16 Dec 2007 06:53 PM

By Specil From Newsmax's Most Informed Sources

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Headlines (Scroll down for complete stories):
1. White House Hopefuls All Well-Heeled
2. Chris Wallace: Democrats Are ‘Fools' for Shunning Fox News
3. Code Pink Breaks With Hillary
4. Newspaper Publisher: Google Steals Content
5. Randi Rhodes Slams ‘Unbelievably White' Oprah
6. We Heard: America's Truth Forum, Stephen N. Limbaugh Jr.

 

1. White House Hopefuls All Well-Heeled

The seven front-running candidates for president in 2008 are multimillionaires, with one exception: Barack Obama.

He's only a millionaire.

In an article titled "Millionaires-in-Chief," Money magazine took a look at the personal fortunes of the leading Democratic and Republican candidates and where they came from.

The figures for the candidates' net worth are approximations based largely on Federal Election Commission disclosure forms, and include the equity in their homes.

Mitt Romney: $202 million. Romney served as a vice president at the consulting firm Bain & Co., and later founded Bain Capital, a private equity company with stakes in several large corporations.

John Edwards: $54.7 million. Most of the Democrat's fortune came from awards won as a medical malpractice and personal injury attorney. For several years he served as a consultant at Fortress Investment Group, which manages hedge funds and private equity.

Rudy Giuliani: $52.2 million. After leaving office as New York City mayor, he founded Giuliani Partners, a lobbying and security consultant firm, and he became a partner at Bracewell & Giuliani, a law firm with ties to the energy industry. Last year he also earned $11.4 million from speaking engagements.

John McCain: $40.4 million. The GOP candidate donates the money he earns from his books to charity. He doesn't need it — his wife Cindy is the chairman of Hensley & Co., the Anheuser-Busch beer distribution business she inherited.

Hillary Clinton: $34.9 million. Husband Bill won a $12 million advance for his 2001 memoir "My Life," and Hillary got an $8 million advance for her "Living History." But most of the Clintons' fortune has come from Bill's lecture fees — he earned $41 million from speaking engagements in the first six years after he left the White House.

Fred Thompson: $8.1 million. Most of his money has come from acting roles, including his stint on TV's "Law & Order." He has also earned a paycheck as a commentator for ABC Radio and from speaking engagements.

Barack Obama: $1.3 million. His wife Michelle had a high-paying job as vice president for community affairs at the University of Chicago Hospitals. But much of the family's wealth came from Barack's two books, "Dreams from My Father: A Story of Race and Inheritance" and "The Audacity of Hope: Thoughts on Reclaiming the American Dream."

Editor's Note:



2. Chris Wallace: Democrats Are ‘Fools' for Shunning Fox News

"Fox News Sunday" host Chris Wallace said Democratic candidates are making a big mistake in boycotting Fox News because of its right-leaning stance.

"I think Democrats are damn fools for not coming on Fox News," Wallace said in an interview with The Politico.

While Democratic presidential candidates Hillary Clinton, Chris Dodd, Joe Biden, and Bill Richardson have agreed to be interviewed by Wallace, Barack Obama and John Edwards have declined.

Also, the Democratic candidates will not take part in any Fox News-sponsored debates. Wallace has moderated three Republicans debates this year.

"Just imagine if the Republicans, under pressure from right-to-life groups, refused to appear on CNN or MSNBC," Wallace told The Politico.

"I think there would be holy unshirted hell. I think there would be such talk about these people being captives of the extreme right wing and why they are afraid to answer questions . . .

"At this point, it has become kind of a loyalty test inside the Democratic Party — pandering to the far-left wing."

But he added: "My guess is that once you get a [Democratic] nominee, they will come on, because they know that we get a lot of voters they are going to need if they are going to win the election."

Editor's Note:



3. Code Pink Breaks With Hillary

Leaders of the antiwar group Code Pink say they won't support Hillary Clinton for president and are targeting Democrats in Congress who have failed to heed the organization's call for an end to the Iraq war.

The mostly female group — known for disrupting congressional hearings while wearing pink T-shirts and tiaras — has applied for a new tax status that allows political work for its campaigns against Democrats as well as Republicans, Code Pink co-founder Medea Benjamin told the Washington Times.

"We felt betrayed by the very people we helped put into office," she said. "We have a particular break with the leadership of the Democratic Party.

"We are disgusted with all of them."

Code Pink activists have targeted Clinton with demonstrations and plan to take an active role in the White House race, most likely supporting Barack Obama or John Edwards, according to Benjamin.

She credited her group — which claims 180,000 members — with influencing Clinton to take a stronger stance against the Iraq war and possible military action against Iran.

The organization has been critical of Democrats who ran on an antiwar platform for approving $120 billion in war funds this year without insisting on a timetable for withdrawal.

"We see that the people who advise the leadership of the Democratic Party have been saying to [antiwar voters], ‘Let this be Bush's war. Let's keep this going until the presidential elections, and then we'll win the White House and then we'll change things,'" Benjamin told the Times.

"We find this totally immoral and we say, ‘We are not really interested in who is in the White House and who's taking what seats in Congress. We are interested in ending the war.'"

Editor's Note:



4. Newspaper Publisher: Google Steals Content

Real estate investor Samuel Zell, who is close to finalizing a deal to buy the Tribune Company, charges that search engines Google and Yahoo are stealing from newspapers when they provide access to published stories.

"If all the newspapers in America did not allow Google to steal their content for nothing, what would Google do?" Zell, who is leading an $8.2 billion buy-out of the media company that publishes the Los Angeles Times, Chicago Tribune and other major newspapers, told a gathering at Stanford University.

"We have a situation today where effectively the content is being paid for by the newspapers and stolen by Google, et cetera.

"This can last for a short time, but it can't last forever. I think Google and the boys understand that. We're going to see new deals and new formulas in the media space that reflect the reality of cost benefit."

One such "new formula" could be in the making, according to The New York Times. Using computer-to-computer code embedded in online material, called Automated Content Access Protocol (ACAP), an international coalition of publishers proposes to give detailed instructions to search engines about how to catalog and index their material.

Publishers could then instruct the engines, for instance, on how long an article should remain in the engine's index, ensuring that only the most recent and therefore most accurate content is accessed, the Times reports.

The search engines would not be required to employ ACAP, however, and so far they have not committed to it.

Editor's Note:



5. Randi Rhodes Slams ‘Unbelievably White' Oprah

Air America radio host Randi Rhodes unleashed a torrent of what's being called "liberal racism" and accused Oprah Winfrey of "acting" when she stumped for Democratic presidential

candidate Barack Obama.

On her show last week, Rhodes discussed Oprah's appearances on Obama's behalf, and told listeners: "She was blacker than Obama yesterday . . . Let me tell you something. Everyone who watches Oprah are the whitest people in the world . . . Even the black men who watch Oprah are white women while they watch Oprah . . .

"She's like so unbelievably white . . . Why is she turning up the blackness a notch or two or three for these appearances?"

Later on the show, while still discussing campaign appearances, Rhodes told a caller: "What you don't understand is that Oprah was acting on that stump . . .

"She is phonying up her speech pattern to appeal immediately to the audience in front of her. But I can't even understand why Oprah did speak like a black preacher in Iowa, where if you had the entire black population of Iowa in a room, it still probably would not make a crowd."

Leaving aside the fact that Iowa has approximately 69,000 blacks, according to the U.S. Census Bureau, commentator Brian Maloney went after Rhodes on another front in an article for The Radio Equalizer blog.

"Can you imagine the kind of firestorm that would erupt if Rush Limbaugh, Sean Hannity, Bill O'Reilly, or anyone else on the right were to make some of these statements?" he wrote.

"How long would they last on the air before a full-scale Media Matters-[George] Soros-led advertiser boycott would be underway?

"Does anyone believe for a moment that Al Sharpton, Jesse Jackson, and other so-called civil rights activists will be picketing outside Air America's studios? Will the mainstream media seize upon Randi's racial remarks as examples of liberal racism? Hell, no."

Editor's Note:



6. We Heard: America's Truth Forum, Stephen N. Limbaugh Jr.

THAT America's Truth Forum is sponsoring a symposium, Exposing the Threat of Islamist Terrorism, featuring some of the nation's leading experts on counter-terrorism and law enforcement.

America's Truth Forum is a non-partisan educational organization dedicated to informing the American people on controversial topics of national security.

Speakers at the February symposium in the Dallas, Tex., area — presented in association with the Basics Project, another educational organization — include Frank Gaffney, founder and president of the Center for Security Policy; David Schippers, former chief investigative counsel for the U.S. House Judiciary Committee; and Dr. Bruce Tefft, founding member of the CIA's Counterterrorism Task Force.

Information about the gathering can be found at the Web site http://www.americastruthforum.com/symposium.htm.

THAT President Bush has nominated Stephen N. Limbaugh Jr. — talk-show host Rush Limbaugh's cousin — to be a U.S. district judge in Missouri's Eastern District.

Stephen Limbaugh Jr. has been on Missouri's Supreme Court and was chief justice from 2001 to 2003.

If confirmed, Limbaugh will be the second member of his family on the federal bench in the state, the St. Louis Post-Dispatch reports. His father, Stephen N. Limbaugh Sr., is a senior U.S. district judge on the St. Louis-based bench.


Editor's Notes:

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