BloggeRhythms

While most discussion regarding the administration focuses on the mistakes and misjudgments made in the handling of the economy, foreign policy, immigration, climatology, energy and most other aspects of governance, another campaign promise has been quietly overlooked. Wealth redistribution.

 

In this case, though vowing to penalize the “rich” while helping all others to economically better themselves, the results say something else entirely.  

 

William Bigelow of Breitbart.com reports that “University of Michigan researchers have released a study stating that the disparity between the wealthiest Americans and the rest of the country has grown because of the Great Recession and the slow recovery. According to the study, the top 5% of Americans averaged 24 times as much wealth as the wealth of the median American family in 2013; in 2007 they averaged 16.5 times as much.”

 

What’s more: “Only 64.8% of Americans own homes, as opposed to 69.2% in 2004.”

 

And even worse: “The study asserted that all households lost money during the recession and no group has fully regained what it lost. Still, the top 5% lost 16% of their net worth since 2007, while the median households lost a whopping 43%.”

 

Consequently, no matter what the issues are for this administration, they simply can’t get anything right at all.

 

As far as the ongoing investigation into IRS improprieties goes, a major gaffe on Lois Lerner's part was exposed yesterday.

 

According to Fox News.com’s Chris Stirewalt, the IRS executive apparently “pushed for an audit of one of the administration’s most outspoken critics in the Senate.

 

“In emails with a colleague, Lerner claims to have mistakenly received an invitation to Sen. Chuck Grassley, R-Iowa, to give a speech to a non-profit group in 2012. Lerner wrote that the group offered to pay for Grassley’s wife to attend. Lerner wanted to sic investigators on Grassley, even though, as her colleague observed, the offer was not improper.”

 

What this suggests is that there are likely many more situations similar to this one and therefore, it’s obviously in Ms. Lerner's best self-interests to prolong disclosure as long as she possibly can. Because, regardless of how childishly bad her “dog ate my homework” excuses sound, they're better for her than the penalties possibly imposed by law.   

 

However, Ms. Lerner isn’t the only one evading the truth today, whereas Fox News.com also reports that the “EPA admits to destroying evidence, as follows: “Environmental Protection Agency administrator Gina McCarthy on Wednesday cited a similar cyber snafu during a House Oversight Committee hearing. ‘Another missing hard drive?’ Rep. Mark Meadows, R-NC, asked McCarthy. She responded, ‘We are having trouble acquiring the data.’ Wednesday’s hearing was called in response to allegations of rampant employee misconduct as well as a pattern of obstruction of oversight efforts by the committee.”

 

So, while the administration’s minions may not be the brightest bulbs in any chandeliers, and may not be very good at creating alibi’s either, at least they’re extremely consistent.

 

Which brings us to today’s update on Bill Clinton and his wife.

 

On PBS NewsHour, Bill’s wife was asked about her claims that the family was “dead broke” and her estimated $155 million made since 2001not leaving them “truly well off. She attributed the firestorm created to poor word choice, saying “I shouldn’t have said the five or so words that I said, but my inartful use of those few words doesn’t change who I am.” 

 

However, what seems to be her problem now is her insistence that the astonishing income was derived because she and her husband “have worked hard.” Yet, most believe that’s not the case whereas, she “has made her enormous wealth from her celebrity status and close corporate connections, especially on Wall Street.”

 

She also acknowledged that the couple are making an average of $12 million a year , but ‘we’ve been grateful for everything that we’ve been able to achieve, and sadly that's just not true for most Americans today.’”

 

Which leads right into an article in The Daily Caller By Brendan Bordelon via Fox News.com, who writes that “One day after Bill Clinton insisted his family’s wealth doesn’t make him or Hillary “out of touch” with regular people’s economic reality, the former president found himself happily recounting the 14 expensive Swiss watches and “two rugs” he bought to hand out to friends.”

 

He “spoke at a Denver meeting of the Clinton Global Initiative on Wednesday, where the moderator asked him about a visit he paid in April to a Detroit-area watchmaker selling ritzy Swiss watches for $550 a pop.

 

“I don’t know how many you bought, Mr. President,” the moderator asked with a grin. “20, 30 of these watches? Whatever it was?”

 

“My group did,” Clinton replied. “I bought 14 of them that month.”

 

So, I guess by Bill’s wife’s definition of “dead broke,” $7,700.00 worth of watches to be handed out to friends is something everyone does and is one of the things they discuss with others about “regular people's” economic reality.” Especially the 50% of the population or so on food stamps, or other government program handouts, most of whom can’t afford to buy any kind of watch at all.

 

And maybe that’s why Bill’s wife’s book doesn't seem to be selling to expectation.

 

Amy Chozick in the New York Times writes that, “Sales of Hillary Rodham Clinton’s new memoir, “Hard Choices,” declined 43.5 percent to 48,000 copies in its second week on the shelves, according to Nielsen BookScan.”

 

Which means, I suppose, that major donors better get their checkbooks ready and start buying copies by the carload. Because if the trend keeps up and book sales continue to sink, the public will likely wake up and realize that Bill’s wife out of a government job and out on her own, as nothing but an immensely overpaid regular citizen, is of absolutely no interest to them at all.

 

That’s it for today folks.

 

Adios