My ridiculing of Hillary Clinton’s attempt to say she could empathize with the plight of all the people who are struggling economically and claim solidarity with them by saying that when she and Bill Clinton left the White House they were ‘dead broke’, led to some pushback by some in the comments who claimed that they were in fact poor at that time because of all the legal bills they racked up defending themselves while in office.
But we know that the Clintons are experts at parsing words so that they say one thing while giving a different impression (readers may recall Bill’s famous argument that whether he was truthful or not depended on the meaning of the word ‘is’) so let us look narrowly at the very moment that they left the White House.
The disclosure forms that politicians fill out only require them to give broad ranges of their assets and liabilities but using that the Clintons were in debt to the tune of at least $500,000 when Bill left the presidency in January 2001. That looks like her claim is vindicated. But those forms do not require people to include homes they use for personal purposes and in 1999 they bought a home for $1.7 million and in December 2000 they bought another home for $2.85 million, putting a down payment of $855,000. These two homes were bought while they were supposedly being bankrupted by legal bills
How could they be broke and still get banks to finance such expensive homes, with the mortgage for the second being almost $2.0 million? Easy. Because banks look at future earnings potential and knew that the Clintons could make a ton of money once they left office. You can be sure that she is grateful to Citibank for giving them the mortgage.
And of course they did make a lot of money after they left office so that they now have a combined worth of over $100 million. They got a lot of their money by giving talks to some of the worst elements in the financial world at $200,000 per speech so you can be sure that if she becomes president, Wall Street will be very happy. That’s how an oligarchic system works.