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Jonathan Tobin: Defending the Right to a Jewish State

Heather Hale: Compliment your kids without giving them big heads

Megan Shauri: 10 ways you are ruining your own happiness

Carolyn Bigda: 8 Best Dividend Stocks for 2015

Kiplinger's Personal Finance editors: 7 Things You Didn't Know About Paying Off Student Loans

Samantha Olson: The Crucial Mistake 55% Of Parents Are Making At Their Baby's Bedtime

Densie Well, Ph.D., R.D. Open your eyes to yellow vegetables

The Kosher Gourmet by Megan Gordon With its colorful cache of purples and oranges and reds, COLLARD GREEN SLAW is a marvelous mood booster --- not to mention just downright delish
April 18, 2014

Rabbi Yonason Goldson: Clarifying one of the greatest philosophical conundrums in theology

Caroline B. Glick: The disappearance of US will

Megan Wallgren: 10 things I've learned from my teenagers

Lizette Borreli: Green Tea Boosts Brain Power, May Help Treat Dementia

John Ericson: Trying hard to be 'positive' but never succeeding? Blame Your Brain

The Kosher Gourmet by Julie Rothman Almondy, flourless torta del re (Italian king's cake), has royal roots, is simple to make, . . . but devour it because it's simply delicious

April 14, 2014

Rabbi Dr Naftali Brawer: Passover frees us from the tyranny of time

Greg Crosby: Passing Over Religion

Eric Schulzke: First degree: How America really recovered from a murder epidemic

Georgia Lee: When love is not enough: Teaching your kids about the realities of adult relationships

Cameron Huddleston: Freebies for Your Lawn and Garden

Gordon Pape: How you can tell if your financial adviser is setting you up for potential ruin

Dana Dovey: Up to 500,000 people die each year from hepatitis C-related liver disease. New Treatment Has Over 90% Success Rate

Justin Caba: Eating Watermelon Can Help Control High Blood Pressure

The Kosher Gourmet by Joshua E. London and Lou Marmon Don't dare pass over these Pesach picks for Manischewitz!

April 11, 2014

Rabbi Hillel Goldberg: Silence is much more than golden

Caroline B. Glick: Forgetting freedom at Passover

Susan Swann: How to value a child for who he is, not just what he does

Cameron Huddleston: 7 Financial Tasks You Should Tackle Right Now

Sandra Block and Lisa Gerstner: How to Profit From Your Passion

Susan Scutti: A Simple Blood Test Might Soon Diagnose Cancer

Chris Weller: Have A Slow Metabolism? Let Science Speed It Up For You

The Kosher Gourmet by Diane Rossen Worthington Whitefish Terrine: A French take on gefilte fish

April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review May 22, 2007 / 5 Sivan 5767

Too rich to relate? Presidential wanna-bes enjoy highlife as most Americans struggle

By Michael Goodwin


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http://www.JewishWorldReview.com | A magazine recently asked the burning question: Are you rich yet? Finally, this was something the presidential candidates agree on: Both Democrats and Republicans can shout "Yes!"


It's been a long time since Presidents were born in log cabins, but this year's crop of richies takes the cake — and the champagne. To get a sense of how rich is rich, consider that Democratic Sen. Barack Obama, worth more than $1 million, is the pauper in the top-tier club. Republican Mitt Romney tops the fortune fortunate with a stash estimated at $250 million.


At least 10 are millionaires and, according largely to federal disclosure documents that report broad ranges, several boast eye-popping net worth: Rudy Giuliani, as much as $70 million, John Edwards, as much as $62 million, John McCain, about $25 million, Sen. Hillary Clinton probably more than $15 million, and New Mexico Gov. Bill Richardson, up to $10 million.


Good to see the rising economic tide is lifting their yachts, especially because none was to the manor born, though McCain married his money. But their giddy heights raises a question: Can they relate to the average American? Are they too rich to understand the struggles of the people they want to serve?


Put another way, if gasoline hits $4 a gallon, none of the candidates will miss a meal. If college tuition goes up another 10%, that's no problem. And if disaster strikes, they can just dip into the golden nest egg.


They are rolling in dough while most Americans struggle to stay even, and the wealth gap separating the typical voter from the next President will be dramatic. Median family incomes in America actually declined for five consecutive years before rising slightly in 2005. The median reached $46,326 that year — meaning half our nation's families earned more than that and half earned less.


Compare that with Giuliani, who earned an average of $1 million a month over the past 16 months, mostly from speeches, where he was paid as much $300,000 for an hour's work. Or to Hillary Clinton, who got an extension on the disclosure deadline, perhaps because she has too much money to count. She got a book advance of $8 million, her husband got one for $10 million and he has made millions more on the speaking circuit. Houses — the Clintons have two, and so does Giuliani.


Giuliani and Clinton, the front-runners of their respective parties, are rich even for New Yorkers. The median family income in the state was $46,600 in 2005, slightly higher than the national average. Although 9% of New York families had incomes exceeding $150,000, 14% earned less than $18,000. Reaching the middle class is the aim of all the candidates because that's where the votes are. Although the bubble their wealth provides makes it difficult, none has the camel-through-the-eye-of-the-needle problem like John Edwards. The former senator from North Carolina is the poster boy for charges of hypocrisy.


Edwards, a tort lawyer, talks of "two Americas" and has made ending poverty his signature idea. But each week brings fresh headlines that open him to mockery. He built a $5 million, gigantic compound on 102 acres. Then The Washington Post revealed that Edwards served as a consultant to a hedge fund that paid him $479,000 last year and that the fund invested in subprime mortgage lenders, an industry under fire for lending money at high rates to families with poor credit, many of whom lost their homes.


Edwards defended himself with tortured explanations. He said he worked for the hedge fund to understand capital markets and poverty. He said he didn't know about the subprime investments. And Edwards, who has blasted offshore tax shelters, said he didn't know that one fund he listed as an asset was incorporated in the Cayman Islands.


There is a rough justice in all this, of course, as only one of the richies will sit in the Oval Office. The others will have lots of time and cash to console themselves.

Every weekday JewishWorldReview.com publishes what many in Washington and the media consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.




Michael Goodwin is a Pulitzer Prize-winning columnist for the New York Daily News. Comment by clicking here.


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