While #Occupy movement and #TeaParty argue on true causes of recession, elected representatives of the people manage to triple their income and net worth.
If you feel abandoned by the government, the truth might be that your own representatives are just selling you out. As majority of Americans get poorer, fat-cat politicians only get richer.
While 250 members
– nearly 50 percent - of Congress are millionaires
, one-in-ten residents of Washington DC live below half of the poverty line. The richest man in Congress, Republican Rep. Michael McCaul, currently holds $294.21 million
Now, while you think how you knew that it's no wonder how thos fat-cat Republicans support the rich, here is something to consider. Recent report
reveals that Democrats are actually richer than their Republican colleagues.
Rep. Nensi Pelosi reported that her own wealth grew by 62% in 2010. While median net worth of majority of Americans is below $100,000, Pelosi and her husband have a net worth of $196 million
Other Democrats are doing great in Congress too. I really wonder who said that Dems are trying to push socialist and communist agenda. Out of 10 richest congressional representatives, 7 are Democrats. Those figures do not correspond to the public image. The median net worth among members of the Senate Democrats is $2.58 million
while Senate Republican median net worth is "only" $2.43 million
President is doing great too. As an Illinois state senator, president Obama earned $60,000. According to the Obama's 2006 tax return, his net worth was $1.3 million. While recession hit most Americans hard, Obama does not show it. His net worth hit $10.1 million in 2010
. This kind of net worth increase happened to less than 1% of US population.
Oh yes, all those nice gals and guys, led by commander-in-chief, say that millionaires and billionaires are evil people while being members of the same club. It looks to be an old issue of crying out "Catch the thief and... don't look at me.