Tuesday, July 15, 2008

Imagine if Michelle Obama said this:

posted @ Daily Kos

"In Arizona the only way to get around the state is by small private plane"

Wow, Cindy actually said that.

As we trod through the muddied waters called, "campaign season", we must endure some of the ridiculous.

I wrote a diary a while back called, "For the Love of Money. The McCains."

This diary focused on the money facet of the McCains. Well more Cindy than anyone else's, especially her 750K monthly AMEX bill and eight houses, but okay we won't go there.

After reading this diary it is not hard to believe or hear Cindy state the following:

The only way to get around the state is by small private plane? And Cindy's private plane? Along with her jet? etc., etc., etc.....

Ok, did you drink your morning cup of elitism yet?

While we are at it, looks like Cindy will reap a financial windfall with the sale of Anheuser-Busch to the Belgian brewer InBev:

Cindy McCain, the wife of Senator John McCain -- who inherited a Phoenix beer distributorship that is worth hundreds of millions of dollars -- will reap a tidy windfall from the $52 billion sale of Anheuser-Busch to the Belgian brewer InBev.” More: “Hensley & Company ... owns a minimum of $1 million in Anheuser-Busch common stock, according to Mr. McCain’s most recent Senate financial disclosures. No maximum is given, but last year’s dividend income on that stock was between $50,001 and $100,000 in Anheuser-Busch stock, the disclosures show. And since Anheuser-Busch paid out dividends of $1.25 a share in 2007, it appears that Hensley owned between 40,000 and 80,000 shares. That, in turn, suggests that the $70-per-share price InBev is paying will give Hensley a gain of roughly $1 million to $2 million compared to February, when speculation about the deal surfaced ­ and two-thirds of that would pencil out as the McCain family’s windfall.”

That is no small peanuts folks, and this:
Mrs. McCain, who’s been known to zip around Phoenix in a car with “MS BUD” vanity plates, also owns $50,001 to $100,000 in A-B stock through her corporate retirement plan, and her dependent children own $15,001 to $50,000 of the stock, the disclosures show. They’ll of course enjoy much smaller gains from the InBev deal.

On the other hand, if the children were to cash out, they’d only have to pay capital gains tax at a rate of 15 percent under President Bush’s 2006 tax cuts, which Mr. McCain initially opposed but which he now supports. (Hensley & Company would presumably be subject to the corporate capital-gains rate of 35 percent, which was not lowered.)

If this was the Obamas the media would be all over this, especially if Michelle Obama would have the nerve to state, "the only way to get around Illinois is by small plane."

Wonder what happened to cars or buses?

Oh well, most of us would never know because when you have hundreds of millions of dollars, this is the norm, not the exception.

h/t to Rachel Maddow for calling Cindy out!!!


This Week With Barack Obama