Warren’s Wealth Hypocrisy on Display

AP Photo/Charles Dharapak
AP Photo/Charles Dharapak

The hypocrisy of Elizabeth Warren is becoming more and more a matter of record. The same woman who said of the hate-the-rich Occupy Wall Street movement, “I created much of the intellectual foundation for what they do. I support what they do,” is not only wealthy beyond the dreams of most Americans but is part of the very 1% that the Occupy Movement venomously vilifies.

How rich is Warren?

  1. She is worth between $3.7 million and $10 million, leaving out her three-story Victorian home in Cambridge, Mass., worth 1.9 million.
  2. Her average net worth is $8.75 million.
  3. Most of her wealth is invested with TIAA-CREF; she and her husband each have $1 million in the TIAA-CREF Traditional fund, which guarantees your principal will never be affected, you are guaranteed a minimum interest rate, and your income stream will never die.
  4. She received an advance of $525,000 to write her book A Fighting Chance.
  5. She and her husband earned $981,000 in 2009 and $955,000 in 2010.
  6. She was paid $430,000 as a Harvard professor in 2010 and part of 2011.

This is the same Warren who once told MSNBC’s Lawrence O’Donnell, “I realize there are some wealthy individuals – I’m not one of them, but some wealthy individuals who have a lot of stock portfolios.” She forgot that she owned between $100,001 and $250,000 of IBM stock, of course. Her spokesman Kyle Sullivan later lamely claimed, “Elizabeth was making the point that, unlike many members of Congress, she does not have a broad portfolio of stocks in individual companies. If elected, she’ll get rid of the one stock she does own.”

This is the same woman who snapped in September 2011, “There is nobody in this country who got rich on his own. Nobody.”

This is the same woman who said while supporting Senator Mark Udall, “Republicans believe this country should work for those who are rich, those who are powerful, those who can hire armies of lobbyists and lawyers.”


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