Wednesday, July 27, 2016

How the Clintons Got Rich Selling Influence While Decrying Greed

Peddling access and elite status, the Clintons have turned progressivism into a lucrative global venture. Most presidents, before and after holding office, are offered multifarious opportunities to get rich, most of them unimaginable to Americans without access to influential and wealthy concerns. But none have so flagrantly circumvented laws and ethical norms as have Bill and Hillary Clinton, a tandem who in little more than a decade went from self-described financial want to a net worth likely over $100 million, or even $150 million. The media had been critical of former president Jerry Ford’s schmoozing with Southern California elites, with Ronald Reagan’s brief but lucrative post-presidential speaking, and with George W. Bush’s youthful and pre-presidential windfall profits from his association with the Texas Rangers. And all presidents emeriti glad-hand and lobby the rich to donate to their presidential libraries, but with important distinctions. One can argue that Jimmy Carter sought donations to his nonprofit Carter Library and Center out of either ego or a sincere belief in doing good works. The same holds true of the libraries of the Bushes and Reagan. No president, however, sought to create a surrogate nonprofit organization to provide free private-jet travel for the former first family while offering sinecures to veteran operatives between campaigns. The worth of both the Clinton family and the Clinton Foundation (augmented by a recent ten-month drive to raise $250 million for the foundation’s endowment) is truly staggering, and to a great extent accrued from non-transparent pay-for-play aggrandizement.

http://www.nationalreview.com/article/438366/clintons-got-rich-selling-influence-while-decrying-greed

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