Wednesday, April 8, 2009

do as we say, not as we do

The following article outlines some of the personal wealth of the president’s advisors and staff:

http://www.chicagotribune.com/news/nationworld/chi-white-house-wealthapr09,0,3609518.story

I am impressed with the investment advice that we can garner from analyzing our nation’s top decision makers’ portfolios. These paragraphs are very educational:

Leading the Chicago pack in investment portfolio size is Emanuel. The White House chief of staff reported 2008 investment income of at least $168,107 on a portfolio worth between $4.5 million and $11 million.

After leaving the Clinton White House — and before running for Congress from Chicago's North Side — Emanuel made more than $16 million in 21/2 years as an investment banker.

Many of his investments are now in municipal bonds, a favored choice of the wealthy because their interest is tax-exempt. Emanuel has dozens of the bonds, whose issuers range from McHenry County to the Northeast Nebraska Solid Waste Coalition.

The moral of this story is to invest in municipal bonds so that you will not be affected by the orgy of new taxes that are being foisted upon the productive segment of our society.

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