From: Mike Lorrey (mlorrey@datamann.com)
Date: Sun Sep 02 2001 - 09:33:11 MDT
"Robert J. Bradbury" wrote:
>
> J. R. Molloy recently wrote:
>
> > If there is a problem, it's concentrated more in government (the PC ruling
> > class) than in private industry (the working class). Most overpaid bosses
> > are in government, starting with the US president, who is paid millions and
> > is responsible for no identifiable product.
>
> This is nothing but political BULLSHIT. If J.R. had bothered to investigate
> this even a little (1 google search), he would find that the President has
> a salary of $400K (http://www.lib.umich.edu/govdocs/fedprssal.html) annually.
While Robert is exactly right about the President's official income from
the government, I think that he is forgetting about the many ways in
which politicians are able to abuse the campaign fundraising system (and
the legal defense fund system) as well as other mechanisms for trading
on celebrity and lobbying after leaving office, such that the
President's official income is to be considered a mere stipend compared
to their real income. In the 9 months since the election, the Cliontons
have cleared over $20 million together, nearly half of which they earned
prior to leaving office, and the rest while Hillary is an active US
Senator. Their combined legal bills never amounted to more than a few
million. Clinton got to keep all of his extra campaign funds, and
Hillary got to keep her excess campaign funds as well.
I think a cogent question to ask is: Why would someone spend tens of
millions of dollars to get elected president, a position that only pays
a measely $400k/year, if they were not planning on stealing/soliciting
bribes to get it all back before they leave office?
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