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Response to bigdarryl (Original post)

Sat Aug 24, 2013, 11:03 AM

3. So if Obama can't find time, what about an appearance by Michele or Biden? the Big Dog?

It's damned heroic for a person to agree to be a candidate when the odds are great against them going in. It's called flying the flag for the party, and if the party wants to get people to do this, the party owes them some support - if not financial, at least a personal appearance by a high-ranking, well-known politician.

I suggest that Bill Clinton can forego the $1/2 million speaking fees he's currently expecting, and take a couple of months every two years to campaign, pro bono, for Democratic gubernatorial and congressional candidates, whether their races are close or not. "Unlike many presidents, Bill Clinton did not come from a wealthy family, nor did he have lucrative employment before his presidency. But since leaving office we estimate that Clinton has earned more than $125 million before taxes, with the vast majority of that coming from speaking fees." In other words, Clinton has used his status as ex-president to market himself to attain great wealth. I think this obliges him to give back to the party.

Read more: The Net Worth Of The American Presidents: Washington To Obama - 24/7 Wall St. http://247wallst.com/banking-finance/2010/05/17/the-net-worth-of-the-american-presidents-washington-to-obama/#ixzz2ctiubbq0
The Wall Street Journal, in evaluating the wealth of U.S. Presidents, identifies Clinton as the wealthiest living American ex-president. You got that right - wealthier than either of the Bushes.

His current worth is estimated at $55 million.Where did all that money come from? Speaking fees. CNN estimates he may have raked in as much as $89 million in speaking fees since he left the White House in 2001. " Unlike many presidents, Bill Clinton did not come from a wealthy family, nor did he have lucrative employment before his presidency. But since leaving office we estimate that Clinton has earned more than $125 million before taxes, with the vast majority of that coming from speaking fees. Clinton’s net worth was reduced in 2008 when his wife, Hillary Clinton, wrote off more than $13 million she loaned her campaign for her own presidential bid. Her campaign debt, once over $25 million, was just retired in January.

Read more: The Net Worth Of The American Presidents: Washington To Obama - 24/7 Wall St. http://247wallst.com/banking-finance/2010/05/17/the-net-worth-of-the-american-presidents-washington-to-obama/#ixzz2ctiubbq0
Bill Clinton has earned a whopping $500,000 speaking advance to deliver a 45 minute speech at the 90th birthday bash for Israeli President Shimon Peres — putting Clinton’s price tag at roughly $11,100 per minute...."

Read more: http://www.nydailynews.com/news/politics/bill-clinton-paid-500-000-speaking-advance-45-minute-speech-earning-11-100-minute-article-1.1361928#ixzz2ctfPeS2n

Earlier this week it was reported, including by TheBlaze, that former President Bill Clinton had charged his hosts $500,000, one year in advance, to deliver a 45 minute speech at an event honoring Israeli President Shimon Peres’s 90th birthday later this month.

That news sparked an outcry in Israel, because of the size of the honorarium and because a well-known non-profit group, the Keren Kayemeth LeIsrael-Jewish National Fund (KKL-JNF) was footing the bill for the speech along with the Peres Academic Center.

Now, the KKL-JNF says it is pulling its funding for the Clinton speech, with one member of the group telling the Israeli site Ynet, “we decided to wash our hands of the event.”

The half-a-million dollar payment was reported to be going to the William J. Clinton Foundation, not directly to the former president’s personal pocket.



Given the New York Times expose re the jumbled financial record-keeping/lack of boundaries between Clinton's Foundation, his wife's political activities and his personal wealth - one wonders where that money ended up. Further, after much negative publicity about this $1/2 million fee paid a year in advance for a 45 minute speech, Clinton indicated he would turn the money back to some Israeli charity.
http://www.huffingtonpost.com/2013/02/18/richest-us-presidents_n_2702647.html
In our updated list, the only currently living president who makes the wealthiest list is Bill Clinton, who now has an estimated net worth of $55 million. Clinton continues to make millions of dollars in speaking fees. This January, following an email from Bill Clinton to supporters, Hilary Clinton’s 2008 campaign debt was paid off
.

http://www.theblaze.com/stories/2013/06/07/group-says-it-is-withdrawing-funding-after-outcry-over-500000-bill-for-bill-clintons-israel-speech/

A final comparison of Clinton to Truman. A quote from Truman's book, Mr. Citizen, published in 1960, expressing his opinion on declining offers of corporate positions at large salaries:
"I turned down all of those offers. I knew that they were not interested in hiring Harry Truman, the person, but what they wanted to hire was the former President of the United States. I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the Presidency." Consequently, Harry Truman's net worth never reached one million dollars (calculated by the Wall Street Journal in 2010 dollars).

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Arrow 43 replies Author Time Post
bigdarryl Aug 2013 OP
forestpath Aug 2013 #1
JustAnotherGen Aug 2013 #9
monmouth3 Aug 2013 #2
LineReply So if Obama can't find time, what about an appearance by Michele or Biden? the Big Dog?
Divernan Aug 2013 #3
DFW Aug 2013 #4
JustAnotherGen Aug 2013 #10
DFW Aug 2013 #14
JustAnotherGen Aug 2013 #17
DFW Aug 2013 #24
Liberal_Stalwart71 Aug 2013 #41
former9thward Aug 2013 #36
Beacool Aug 2013 #8
Divernan Aug 2013 #13
Sunlei Aug 2013 #16
Beacool Aug 2013 #19
Sunlei Aug 2013 #21
Divernan Aug 2013 #25
Sunlei Aug 2013 #26
Divernan Aug 2013 #35
Sunlei Aug 2013 #37
Beacool Aug 2013 #28
Beacool Aug 2013 #20
AtomicKitten Aug 2013 #27
Beacool Aug 2013 #29
AtomicKitten Aug 2013 #33
davidpdx Aug 2013 #5
brooklynite Aug 2013 #7
JustAnotherGen Aug 2013 #11
Beacool Aug 2013 #31
CBHagman Aug 2013 #6
mgcgulfcoast Aug 2013 #12
Sunlei Aug 2013 #15
JustAnotherGen Aug 2013 #18
Sunlei Aug 2013 #22
JustAnotherGen Aug 2013 #23
Liberal_Stalwart71 Aug 2013 #42
Beacool Aug 2013 #30
JustAnotherGen Aug 2013 #32
Beacool Aug 2013 #34
tabbycat31 Aug 2013 #38
JustAnotherGen Aug 2013 #39
Liberal_Stalwart71 Aug 2013 #43
Liberal_Stalwart71 Aug 2013 #40
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