The Millionaire Pauper? Hillary Clinton’s Claim On Being “Dead Broke” Falls Flat With The Facts

225px-Hillary_Clinton_official_Secretary_of_State_portrait_cropWe previously discussed Hillary Clinton’s claim that she and Bill understand economic hardship because they were “dead broke” after leaving the White House. The claim has been widely ridiculed after it was shown that within one year, not only were legal fees paid off by supporters but the Clintons amassed nearly $12 million. What is most striking however with the coverage of this statement and the problems in Clinton’s book is, again, the lack of much neutral coverage in the media which has become robotically programmed along liberal and conservative lines.

As we discussed earlier, Clinton was using the legal fees to claim that she and Bill were virtually indigent and struggling to pay for the tuition of Chelsea and their mortgage. However, these were heavily Democratic firms that would never have pursued the Clintons for payment. This was debt on paper only. Politicians in Washington routinely run up such debts that are paid off by friends and lobbyists in fundraisers. Indeed, there was coverages at the time on how lobbyists and supporters were lining up to pay off the Clinton’s bill to curry favor with the powerful couple. That reportedly happened within roughly a year.

When the Clintons left and filed their 2000 forms, they reported assets between $781,000 and almost $1.8 million — and liabilities between $2.3 million and $10.6 million in legal bills. However, the wolves were hardly at the door for those legal fees. In addition, Clinton was guaranteed a large annual salary and had promises of millions in speaking fees. Moreover in 1999, the couple bought a five-bedroom home in Chappaqua, N.Y., for $1.7 million and then in 2000, they bought a seven-bedroom house near Embassy Row in Washington, D.C. for $2.85 million.

Faced with a backlash over the clueless claim, Clinton insisted that “we’ve continued to be blessed in the last 14 years.” She repeated this spin later in stating “We were obviously blessed and worked hard for everything.” However, she still maintained that they “fully appreciate how hard life is for so many Americans.” It is hard to see how this life lesson was learned while the couple was racking in millions while friends paid off millions in debts and secured their loan for a mansion in New York.

The Clintons rank as one of the richest couples ever to occupy the White House. USA Today reported “former President Bill Clinton, has made millions on lucrative book deals and more than $100 million on the speaking circuit. Secretary Clinton has recently begun to earn that kind of money as well.”

As with Romney’s disastrous “47 percent” statement , it is amazing to see candidates (particularly notoriously scripted candidates like Clinton and Romney) make these mistakes. This is a comment which is likely to be replayed for months just as Romney’s comment was replayed. For people who are struggling to pay their mortgages (and do not have Terry McAuliffe to pony up the scratch), Clinton’s claim of being broke will reaffirm the view that Clinton lacks authenticity and honesty. It was also remarkably dim to even try to suggest some “rags to riches” or “hard times” narrative.

While Democratic sites have struggled to somehow convince people that Hillary really was dead broke, the Pultizer Price winning organization Politifact found her statements largely false and implausible. Some of the pro-Clinton reviews of her book seem to take the flaws pointed out by others and convert them into curious strengths or at least excusable half-truths. The breathless pro-Clinton review by Sharon Poczter in Forbes is an example. Poczter writes of Clinton’s book Hard Choices:

[Her] book is not a completely truthful account of everything that has happened. It can’t be and it’s not meant to be. It’s an autobiography. It is a personalized account of what happened, written by a politician in a political way. By construction, this means it may not be the entire truth.

It is a depressing spin that we now do not expect politicians to be truthful. They get a type of moral Mulligan on the truth because that is their nature. I actually thought that autobiographies were reviewed on the basis of their honestly and completeness. Instead, Poczter heralds the book as showing “how much she loves her country.” Indeed, one of the most important aspects of the book for Poczter is not the discussion of Bergdahl or Benghazi but how the jacket of the book shows Clinton smiling and laughing and that the book (which she concluded is less than truthful) was Clinton’s brave stand that “she will not make the mistake of letting others be in control of how people see her.” It is a telling measure of our review of candidates today that the fly-leaf is highlighted as the counter to criticism of the content of a politician’s book.

Then conversely on the conservative side, commentators are returning to conspiracies of how Clinton is behind every catastrophe since the Hindenburg. Ironically, the hate is so great, that her critics tend to inflate her role and significance in many of these crises. The result is the usual “night and day” coverage between the liberal and conservative media. It is either spin or attack. We have lost the core of independent coverage. People want to watch news that is an echo-chamber of their own views and follows stations and blogs that give them a reaffirming narrative. The result is not magnify the hate on both sides and push people away from any fair dialogue. Clinton consciously put out this image and narrative as part of the rollout for her book (and possible campaign) and the statement is worthy of ridicule. However, like all contemporary issues it must be cycled through partisan spins in the media. It is possible to criticize Clinton for her statement or her book without supporting the other side. Yet, as with the Romney statement, it is either radio silence or endless chatter depending on your source for news. It reminds me of one of my favorite quotes from Richard III (my favorite Shakespearean play) when the Queen mother explains to her daughter-in-law how to hate:

Compare dead happiness with living woe;
Think that thy babes were sweeter than they were,
And he that slew them fouler than he is.
Bett’ring thy loss makes the bad-causer worse;
Revolving this will teach thee how to curse.

194 thoughts on “The Millionaire Pauper? Hillary Clinton’s Claim On Being “Dead Broke” Falls Flat With The Facts”

  1. Other sites can be mentioned Aridog, what Professor Turley doesn’t want is to import arguments from that site to over here. There is no rule about not mentioning any other blog. I can email the Professor and ask him to clarify, but it’s trouble from other blogs that is the issue, I believe. Now you have a nice day.

  2. Aridog, I won’t pretend to not know you. I suggest if you want to comment go ahead, but I doubt Professor Turley will put up with certain things.

  3. Annie, That Cantor sear was gerrymandered to stay in republican hands so I don’t think there is much of a chance. Grimes does seem to have a real chance though.

  4. SWM, that is great news! Warren will be of great help to Grimes. Wouldn’t it be something if Cantor and McConnell would be replaced be a Democrat?

  5. Annie…I think you missed the import of my comments vis a vis this site and my late arrival. You mentioned another site, not me. So you own that. Now you have a nice day.

  6. leejcaroll wrote “The saucymugwump funny how when it was son of Bush”

    My amendment does not discriminate by party; Hillary and Jeb are equally bad.

    “no one seemed to have a problem”

    Wow, you’ve interviewed everyone in the country?

  7. Who said it was Aridog? Are you attempting to make trouble? I suggest that would be a bad idea, Professor Turley won’t tolerate that.

  8. Annie Yep.
    The saucymugwump funny how when it was son of Bush running no one seemed to have a problem with family history with presidency/vp Many repubs want Jeb to run but again whats good for the repubs stays good but not good if its a democrat

    1. leejcaroll – we have had children of the Kennedys’ run for office. There is no bar to office by being a relative.

  9. Annie….I don’t think this thread is about anyone else’s blog. YMMV.

  10. Constitutional Amendment for the Reduction of Venality and Debauchery in Government

    Section 1.

    Given that our Republic was formed due to abuse of power by royalty, no Person who has had a father, mother, brother, sister, son, daughter, husband or wife serve as Vice President or President shall be eligible to run for the Office of Vice President or President.

    [the complete amendment is on my blog]

  11. leej “SWM If she and Bill were repubs they would be yelling their story from the rooftops, they achieved the American Dream, poor family, broken family and they worked their way to the top.” Isn’t that the truth?

  12. Nick just got noticed your Kennedy comment. If I recall you did not trust what Annie’s daughter said about what she was told in the I believe Bergdahl post but you believe what your brother said about what the staff said about the way they were treated by the Kennedy’s.?

  13. swarthmoremom wrote “many look at the Clinton years as the good years”

    I remember the damage: repeal of Glass-Steagall, Commodity Futures Modernization Act, lying to Congress over his many dalliances, dot-com bubble and crash, Whitewater, Travelgate, signing NAFTA, etc.

  14. Having said that, if people get carried away they usually get deleted, most times rightfully so.

  15. Ah Nick, spin it all you like, funny which is what you (meaning all of us at one time or another though some a lot more then others) all complain about politicians doing (on both sides).
    SWM If she and Bill were repubs they would be yelling their story from the rooftops, they achieved the American Dream, poor family, broken family and they worked their way to the top.

    1. leejcaroll- Hillary went to Wellesley which is not cheap. She is hardly part of the American Dream.

  16. Aridog, the reason the conversations don’t turn sour is because there are some very good civility rules here.

Comments are closed.