Monday, June 16, 2008

Jes' Like Us Common Folks


Here we have America's Jes' Plain Folks first couple wanna bees, the McCains posing in front of one of their three Arizona residences and some of Cindy's inherited 20 Million Dollars. John McCain recently stated that if you aren't making over $200,000 a year, then you are still middle class, not really rich.

His proposed tax cut plan again favors those who make more than $500,000 a year.
Economists have called his plan fiscally irresponsible and in reality, his proposed benifits to the middle class would be three times less than those proposed by Barack Obama.

John McCain’s new Senate Financial Disclosure Form, look like he was either running his campaign off the American Express Platinum Card his wife gave him (Honey, I think I maxed out the American Express Card), or they have one hell of a high living lifestyle.

The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that are held in Cindy McCain’s name. According to the disclosure reports, which present information on debts in a range rather than providing a precise figure, Mrs. McCain owed $100,000 to $250,000 on each card. Hey! That's just like the majority of Americans! Maxed out credit cards and paying interest through the nose just to keep afloat! That's the same economic policy of the Bush Administration! Who cares what it cost? Charge it! Jes' Like Us Common Folks!

But then again, who's counting? Economics were never John McCains forte.

I know what American Express charges for interest on a Platinum Card. A fiscally responsible household should probably sell some of the million of Anheuser-Busch stock they own and stop paying that 17% ARP on $500,000 worth of Amex charges. There are some stark contrasts between the McCains and the Obamas. The McCains have a net worth around $40 million, almost all of it from Cindy’s holdings. The Obama’s net worth is closer to $4 million, most of it earned from Barack’s two recent books. Instead of going into debt they have managed to put $250,000 in a college savings account for their two daughters.

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