Clintons Sell Possibly Troublesome Stock

Discussion in 'Politics' started by red states rule, Jun 16, 2007.

  1. red states rule
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    red states rule Senior Member

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    For many years, the left in this country has waged a war against some the most successful corporations in the world

    Oil and Rx companies, along with Wal Mart have been their prime targets. Now it has come out Bill and Hillary had stock ion these companies and made alot of money

    Just another example of liberal hypocrisy



    Clintons Sell Possibly Troublesome Stock

    WASHINGTON (AP) - Bill and Hillary Rodham Clinton liquidated the contents of their blind trust upon learning it contained investments of $5 million to $25 million that could pose conflicts of interest or prove to be embarrassing to her presidential campaign.
    The blind trust and a bank account valued in the same range place the Clinton's total wealth at between $10 million and $50 million.

    The Clintons had to disclose the contents of the blind trust in April under instructions from the Office of Government Ethics and sold the assets in May, according to a disclosure form filed Friday. The Clintons have had a blind trust continuously since 1993 and had no control over its transactions.

    Over time, the Clintons' blind trust grew significantly and included stock holdings in oil and drug companies, military contractors and Wal-Mart.

    The report, also filed with the Federal Election Commission, provides the most detailed look at the Clintons' holdings as their wealth has expanded since the former president left the White House in 2001.

    The new report also shows that the former president made $16 million in speaking fees between January 2006 and Wednesday. So far this year, Bill Clinton has given 34 paid speeches for a total of $5.9 million.

    The blind trust held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000- $250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.

    http://www.breitbart.com/article.php?id=D8PPD3781&show_article=1
     
  2. red states rule
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    red states rule Senior Member

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    Bill and Hill have always ranted how people need to be for the common good and not to accumlate wealth - while making a killing from oil and pharmaceutical companies. Will this shock their loyal followers?
     
  3. Toro
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    Toro Diamond Member

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    They certainly didn't make a killing from pharmaceutical stocks. They haven't done anything this decade.
     
  4. red states rule
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    red states rule Senior Member

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    Stocks have done very well - thanks to the Bush tax cuts

    The point is, the Clintons have been caught doing again what limo liberals are famous for

    saying one thing and doing another
     
  5. Toro
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    Toro Diamond Member

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    Stocks did better under Slick Willie than Bush. But then again, so did the economy.
     
  6. red states rule
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    red states rule Senior Member

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    Still avoiding the latest example of liberal hypocrisy?

    Pres Bush was handed the Clinton recession, 9-11, high oil prices, and a war on two fronts - despite all that - the Dow is hitting record after record
     
  7. Toro
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    Toro Diamond Member

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    I didn't say the Slick Willies weren't hypocrites. However, clueless conservatives don't even know what the stocks of pharma companies have been one of the worst performing groups this decade.

    BTW Taxyourchildren and spend policies, 1% interest rates, excess monetary creation, a housing bubble and the opening of China and India are great for markets.

    Meanwhile, growth is slowing. Its less than France.

    And the Swedish stock market has outperformed the US. Must be because of socialism.

    http://finance.yahoo.com/q/bc?t=5y&s=EWD&l=on&z=m&q=l&c=spy
     
  8. red states rule
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    red states rule Senior Member

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    It is amazing how libs think everytime a Dem is President the economy is in great shape - but the day a Republican takes office -it is all doom and gloom all the time

    Tax cuts work everytime - JFK, reagan, and now Pres Bush

    and the left was sneering how rotten things were under Reagan and how the sky is falling (for the last 5 years) under Pres Bush
     
  9. RetiredGySgt
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    RetiredGySgt Platinum Member

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    What part of "BLIND TRUST" don't you grasp?
     
  10. Toro
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    Toro Diamond Member

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    Sweden's stock market does twice as well as the US. Therefore, high taxes and socialism are better than low taxes and capitalism.

    That's your logic since you keep referencing stocks to support your argument.
     

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