[lbo-talk] McCain unsure how many houses he has

Dorene Cornwell dorenefc at gmail.com
Thu Aug 21 12:42:09 PDT 2008


I am thinking the millions about to lose homes in the foreclosure crisis can really relate to the problem. ;-(

DC

On Thu, Aug 21, 2008 at 10:01 AM, B. <docile_body at yahoo.com> wrote:


>
>
> http://news.yahoo.com/s/ap/20080821/ap_on_el_pr/mccain_houses
>
> WASHINGTON - Days after he cracked that being rich in
> the U.S. meant earning at least $5 million a year,
> Republican presidential candidate John McCain
> acknowledged that he wasn't sure how many houses he
> and his wealthy wife actually own.
>
> "I think — I'll have my staff get to you," McCain
> responded to a question posed by Politico, according
> to a story Thursday on the publication's Web site.
> "It's condominiums where — I'll have them get to you."
>
> Later, the McCain campaign told Politico that McCain
> and his wife, Cindy, have at least four in three
> states, Arizona, California and Virginia. Newsweek
> recently estimated the two owned at least seven
> properties.
>
> On the campaign trail, McCain doesn't refer to his
> wife's wealth, estimated by some at $100 million and
> based on her late father's Arizona beer
> distributorship.
>
> Democratic rival Barack Obama's campaign has been
> trying to make their wealth more widely known to blunt
> criticism that Obama is an elitist out of touch with
> ordinary Americans. Obama owns one house, the family
> home in Chicago, his campaign said.
>
> According to her 2006 tax returns, Cindy McCain had a
> total income of $6 million. She has not released her
> 2007 returns, which she files separately from her
> husband. McCain's tax returns showed a total income of
> $405,409 in 2007.
>
> In a forum last week with the Rev. Rick Warren, McCain
> was asked to define the word "rich" and to give a
> figure. After promoting his tax policies, McCain said:
> "I think if you are just talking about income, how
> about $5 million?" The audience laughed, and he added:
> "But seriously, I don't think you can — I don't think
> seriously that — the point is that I'm trying to make
> here, seriously — and I'm sure that comment will be
> distorted — but the point is that we want to keep
> people's taxes low and increase revenues."
>
> Obama, asked the same question at the forum, said
> those making $250,000 and higher are in the top 3 to 4
> percent and "doing well." Obama and his wife,
> Michelle, reported making $4.2 million in 2007.
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