Members of Congress have been largely loath to dirty the hems of their suits wandering among the tents of the Occupy Wall Street folks.
Maybe that’s because it’s a politically fraught movement. (Are they the new tea party? What about the violence? The mess!).
Or perhaps many lawmakers simply can’t identify with the “other 99 percent” that the protesters claim to represent.
And that’s because nearly half of the members of Congress (46 percent) were millionaires in 2009, according to the required financial disclosure forms, our colleague Emily Heil reports.
Only 1 percent of all Americans are millionaires, according to data analyzed by the Center for Responsive Politics. So inside the Capitol dome, the much-vilified “one percenters” lampooned by the protesters as champagne-swilling, stogie-chomping elites are just . . . kinda ordinary.
In fact, in the Senate, counting oneself among the nation’s top 1 percent makes you only, well, just an average schmo. The median net worth in that august body is a whopping $2.4 million. (The figure for the House is a paltry $725,000, just a tad above the poverty line.) And while there are plenty of ways to reckon who numbers among the nation’s upper percentages, there are plenty of indisputably flush folks wearing member pins.
Consider Rep. Darrell Issa (R-Calif.), the richest guy in Congress. He’s worth somewhere between $156 million and $451 million. Sen. John F. Kerry (D-Mass.), who is the second-richest, has assets that could be as high as $294 million. Even the 20th-ranking congressional fat cat, Rep. Kenny Marchant (R-Tex.), may be worth as much as $63 million.
Of course, Congress’s wealth reporting isn’t exact: Members of the House and Senate are required to report their assets only in ranges, so the figures we’re citing for the rankings (as crunched by the Center for Responsive Politics) are just averages. And they don’t have to report certain assets, such as their fine homes or their spouses’ earnings.
So they could be, and probably are, richer still.
Which means if protesters really do want to “eat the rich,” they need look only to the Capitol building for an endless buffet.
Names were dropped
Condoleezza Rice has written what we’ve been told — our review copy must have gotten lost in the mail— is an excellent memoir of her time as national security adviser and secretary of state during the George W. Bush administration.
Our colleague Glenn Kessler wrote Tuesday that “No Higher Honor” is “the first serious memoir of the Bush presidency” — thus cavalierly dismissing a quartet of tomes by Bush himself, Don Rumsfeld, Dick Cheney and Hank Paulson. Indeed, the first three — haven’t read Paulson’s — were largely self-justifying ruminations of the authors’ excellent performance in office.
Rice’s, on the other hand, despite some flaws, is reported to be a much more candid assessment of her eight years at the very top of the foreign policy decision-making world during the Bush presidency. Serious policy wonks will find much to ponder.
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