We forgot to mention this in our original story about McConnell’s personal financial disclosure, but Senator Mitch McConnell’s assets grew by at least 40% while almost everyone else on earth got poor and starved to death. Oh, and Harry Reid is also in the same richie rich boat.
From The Hill:
Reid’s assets may have increased as much as $1.2 million. He has invested his wealth in an array of public and non-public assets, such as a Dow Jones Energy Index Fund and a healthcare sector index fund. His other assets include several mining claims and properties.
McConnell’s publicly traded investments grew by at least $600,000, or 40 percent. He reported public assets worth $1.5 million-$3.5 million in 2006. Those swelled to between $2.1 million and $7.8 million in 2007. He also reported a Washington property worth between $1 million and $5 million that stayed at the same value.
Despite their rising financial fortunes, Senate leaders say they still appreciate the economic struggles of the middle class. “American families are earning less today than five years ago and paying more for everyday necessities like a gallon of gas, heat for the home, and, of course, groceries,” Reid said on the Senate floor Monday. “And they’re paying more than ever for long-term needs like the goals of healthcare, college and retirement.