The Corner

Trouble Reading Tables?

Here is an excerpt from an Alternet article by Kali Holloway republished by Salon. See if anything about the GDP figures jumps out at you.

The top five members of Congress are worth more than the GDP of entire countries. At $200.5 million, Republican Dave Trott’s personal wealth is greater than the GDP of both Peru and Iraq ($200,269 and $195,517, respectively). Democrat Jared Polis is worth $213.2 million, more than the GDP of Algeria and ($208,764). Democrat John K. Delaney is worth $222.4, greater than the GDP of the Czech Republic ($208,796). Another Democrat, Mark Warner, is worth $254.2 million, which beats out the GDP of Greece ($241,721). While Republican Darryl Issa, the richest man in Congress, is worth an incredible $448.4 million, which makes him worth more than the GDPs of Bolivia, Croatia, Sri Lanka and Hong Kong put together ($30,601; $57,869; $67,203; and $274,027, respectively). And that’s still $15.6 million less than he was valued at last year.

The larger theme of the story, that members of Congress are shockingly wealthy, is poorly understood as well. The average member of Congress is about 57 years old, and they are mostly married, mostly savers and investors, and mostly college graduates in two-income households. Their net worths are about the same as other similar households. 

Most Popular

White House

Rachel Maddow’s Turnberry Tale

To a certain kind of Rachel Maddow viewer, there are few more titillating preludes to a news segment than the one she delivered Monday: “If you have not seen it yet, you are going to want to sit down.” Maddow’s story began, as many of her stories do, with President Trump, this time focused on his hotel ... Read More
White House

Politico Doubles Down on Fake Turnberry Scandal

It's tough to be an investigative reporter. Everybody who feeds you a tip has an axe to grind. Or, alternatively, you find yourself going, "I wonder if . . . ?" You put in your research, you talk to lots of people, you accumulate a huge pile of information, but you still haven't proved your hypothesis. A wise ... Read More
Elections

Thin the Herd Further, DNC

There’s an old joke often expressed well into banquets and conferences, where a speaker says, “We’re at the point where everything that needs to be said has been said, but not everyone has said it.” We’re already at that point with the Democratic primary debates. Tonight was a three-hour ordeal, and ... Read More