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08-25-2008, 04:57 PM
|  | USMB Member | | Join Date: Jul 2008 Location: Central California
Posts: 2,770
Rep Power: 15 | | Net worth questions, arise again Even though I have decided to support the Obama/Biden ticket I just heard Biden say something that made me say .... "Hmmmmmm"
No link available yet ... it was JUST on a news broadcast - so do not ask!
Statement by Biden: "My net worth is between $75,000 and $100,000" 
Does that include a home??
This old link dated (Saturday, March 24, 2007; 8:40 AM)
even almost confirms what he said; Quote:
Sen.Joe Biden(D-Del.)
Net worth: $100,000-$150,000
Details: Biden has spent virtually his whole life in public service and does not have much else aside from investments in a small array of mutual funds and cash accounts. He received a $112,000 advance from Random House for a book in 2005.
| Measuring Wealth of the '08 Candidates - washingtonpost.com |
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08-25-2008, 05:07 PM
| | Registered User | | Join Date: Jan 2004
Posts: 2,876
Rep Power: 39 | | Quote:
Originally Posted by CA95380 Even though I have decided to support the Obama/Biden ticket I just heard Biden say something that made me say .... "Hmmmmmm"
No link available yet ... it was JUST on a news broadcast - so do not ask!
Statement by Biden: "My net worth is between $75,000 and $100,000" 
Does that include a home??
This old link dated (Saturday, March 24, 2007; 8:40 AM)
even almost confirms what he said; Measuring Wealth of the '08 Candidates - washingtonpost.com | I would have a really hard time believeing that. Your net worth is the value of all of your assets minus liabilities. Unless he doesn't own a home or a car or is massively in debt, I would have to call shennanigans.
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08-25-2008, 05:20 PM
|  | Army Vet | | Join Date: Jun 2008 Location: MD, on the Potomac River
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Rep Power: 12 | | Quote:
Originally Posted by Bern80 I would have a really hard time believeing that. Your net worth is the value of all of your assets minus liabilities. Unless he doesn't own a home or a car or is massively in debt, I would have to call shennanigans. | Agreed
But IF a man of that age and experience is only worth that amount in reality, I would severely question his worth as an effective decision maker in a powerful political position
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And for the idiotic statement of the month... Quote:
Originally Posted by 9 Volt Thank God for racism. | | 
08-25-2008, 05:29 PM
|  | USMB Member | | Join Date: Jul 2008 Location: Central California
Posts: 2,770
Rep Power: 15 | | I don't know .... 
Quote under picture .... Quote: |
Jill Biden, wife of Senator Biden, at their home prior to Senator Biden making his announcement for President
| Jill Biden, wife of Senator Joe Biden on Flickr - Photo Sharing!
Maybe it is rented? Will be interesting to find this out, for sure.  | 
08-25-2008, 05:33 PM
| | incompatible user | | Join Date: Feb 2008
Posts: 11,537
Rep Power: 205 | | Quote:
Originally Posted by DiamondDave Agreed
But IF a man of that age and experience is only worth that amount in reality, I would severely question his worth as an effective decision maker in a powerful political position | Maybe all those usury rates he voted in for the credit card companies are biting him on the tush. | 
08-26-2008, 02:46 AM
| | Registered User | | Join Date: Jan 2004
Posts: 2,876
Rep Power: 39 | | Quote:
Originally Posted by CA95380 | OH definately shennanigans. That fire place alone is worth $75 grand.
__________________ It's time for another Ronny in the White House. | 
08-26-2008, 03:06 AM
|  | Obama/Biden | | Join Date: Aug 2008 Location: Maine
Posts: 422
Rep Power: 2 | | | From what I know of Biden he lives a modest lifestyle that has allowed him to relate to the middle class. I don't see much of an issue where the lives of the rich and famous is concerned with Biden
It seems odd to find a politician living modestly.
__________________ "The Democrats are the party that says government will make you smarter, taller, richer, and remove the crabgrass on your lawn. The Republicans are the party that says government doesn't work and then they get elected and prove it."
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08-26-2008, 03:09 AM
|  | Registered User | | Join Date: Aug 2008 Location: Land Of Enchantment
Posts: 358
Rep Power: 3 | | Per the AP: A look at Biden's net worth - Yahoo! News
Earned income: $298,200
Major assets: Bank accounts, mutual funds and insurance policies, $59,000-$366,000.
Major sources of unearned income: Income from various mutual funds, dividends from Massachusetts Mutual Life Insurance Co. policies, $2,501-$5,000.
Biden collected $112,500, the second half of his advance, for delivering the manuscript of his book, "Promises to Keep," to publisher Random House in July 2007. He also earned $20,500 in teaching stipends from Widener University. | 
08-26-2008, 09:43 AM
| | Mr. Forgot-it-All | | Join Date: Jun 2008 Location: Maine
Posts: 6,576
Rep Power: 43 | | Quote:
Originally Posted by DiamondDave Agreed
But IF a man of that age and experience is only worth that amount in reality, I would severely question his worth as an effective decision maker in a powerful political position | Hard as it must be for you to believe, not everyone cares about amassing a fortune, DD.
Some people really do think that money is just a tool and that the things of real value aren't tangible.
Frankly I question how effective one can be as a decision maker in public office if one's claim to competence is nothing but having made a lot of money. | 
08-26-2008, 11:15 AM
| | Registered User | | Join Date: Jul 2008
Posts: 1,499
Rep Power: 10 | | Quote:
Originally Posted by CA95380 Even though I have decided to support the Obama/Biden ticket I just heard Biden say something that made me say .... "Hmmmmmm"
No link available yet ... it was JUST on a news broadcast - so do not ask!
Statement by Biden: "My net worth is between $75,000 and $100,000" 
Does that include a home??
This old link dated (Saturday, March 24, 2007; 8:40 AM)
even almost confirms what he said; Measuring Wealth of the '08 Candidates - washingtonpost.com |
Net worth is all assets minus all liabilities.
Financial disclosures indicate Biden is the least wealthy member of the Senate, with net worth in the range of negative $302,980 to $277,997
So, if he said his net worth is around 100k, that's probably right in the middle of that range.
Joe Biden Joseph R. Biden Jr. (D-Del) - 2006 | OpenSecrets
-Net Worth: From (negative) -$302,980 to $277,997
-Assets: 29 totaling $62,020 to $418,000
-Liabilities: 5 totaling $140,003 to $365,000
-Transactions: 22 totaling $16,002 to $85,000
-Income: 3 totaling $185,700 | 
08-26-2008, 11:29 AM
| | Registered User | | Join Date: Jul 2008
Posts: 1,499
Rep Power: 10 | | | see, this is where Bush apologist's claims of democratic "elitism" falls flat on its face.
What they really are saying, is that Obama is educated, popular around the world, articulate, and unlike Bush, can actually speak in gramatically correct and sophisticated English.
Biden spent his life in civil service and is the least wealthy person in the senate. Hardly an elitist.
Obama graduated from Harvard, and then went to work as a low-paid community organizer in one of Chicago's poorest neighborhoods. I'm sure he could have chosen to go to work on Wall Street, or for some fancy corporation. Does that really sound like somebody with an "elitist" attitude?
Here's one thing you can count on: republicans hate their candidate, they have no idea why they actually are voting for McCain, and they will continue to push innuendo that Obama is a "secret muslim", that he's not an american citizen, that he's a racist black christian, or that he's an "elitist". | 
08-26-2008, 11:38 AM
| | Mr. Forgot-it-All | | Join Date: Jun 2008 Location: Maine
Posts: 6,576
Rep Power: 43 | | | What cracks me up is the presumption that being called a member of the elite (let's bear in mind there can be many kinds of elite) is a epithet
Obama is among the elite because he is rather brilliant.
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