Subject: Re: Biden Gets Humble About His Wealth | TIME
From: "Alexander S. Mackler" <[email-masked]>
To: "Eric Schwerin" <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>
Date: Mon, 23 Jun 2014 13:49:01 -0400

Exactly. This is why people associate with JRB.
"Sometimes we talk about this stuff about struggle. My struggle, my god,
compared to where I grew up and the way people are trying to go through
things. but here’s the point I want to make. I’ve been really, really
fortunate.”

On Mon, Jun 23, 2014 at 1:02 PM, Eric Schwerin <[email-masked]
> wrote:

>
>
>
>
> Eric D. Schwerin
> Rosemont Seneca Partners, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> [email-masked]
> *P* *Consider the environment before printing this email.*
>
> http://time.com/2911893/joe-biden-savings-account-hillary-clinton-2016/
>
> Biden Gets Humble About His Wealth The vice president falsely says he
> doesn't own a single stock or bond, or have a savings account — but admits
> that he's been "really, really fortunate"
>
> Vice President Joe Biden highlighted his meager finances—by Washington
> standards—Monday at the inaugural White House Summit on Working Families,
> but cast himself as “really fortunate” regardless.
>
> Highlighting the need to modernize family leave policies, Biden argued
> that he was well off on account of generous family leave and benefit
> policies afforded to or taken by him as a lawmaker, but said such benefits
> must be expanded to all Americans.
>
> “I can speak a little bit from my own experience,” Biden said early in his
> remarks. “Look at Biden, man. He’s got a mildly expensive suit on. He’s
> Vice President of the United States of America, he makes—notwithstanding
> that he’s listed as the poorest man in Congress—he still makes a lot of
> money as Vice President of the United States. And I do by the way. And I
> do. Don’t hold it against me that I don’t own a single stock or bond. Don’t
> hold it—I have no savings account. But I’ve got a great pension and I’ve
> got a good salary. For real. For real. Sometimes we talk about this stuff
> about struggle. My struggle, my god, compared to where I grew up and the
> way people are trying to go through things. but here’s the point I want to
> make. I’ve been really, really fortunate.”
>
> Biden’s point is well taken. The former Delaware Senator and his wife are
> worth between -$1,323,970 and $162,996 according to his 2013 financial
> disclosure
> <http://www.whitehouse.gov/sites/default/files/docs/vp_certified_278_cy2013.pdf>
> released in May. But Biden was stretching the truth slightly. His financial
> disclosure shows he does have a savings account valued between $1,001 and
> $15,000, and his wife, Dr. Jill Biden, invests in mutual funds that own in
> stocks and bonds. Biden’s 2014 salary is $233,000—more than four times the
> median household income.
>
> In a possible, yet unlikely, 2016 contrast, Biden’s approach to talking
> about his wealth differs substantially from former Secretary of State
> Hillary Clinton, who has made repeated missteps when discussing her
> vastly-larger fortune.
>
> Clinton claimed in an interview earlier this month to have been “dead
> broke” upon leaving the White House, and in an interview with The
> *Guardian*
> <http://www.theguardian.com/world/2014/jun/22/-sp-hillary-clinton-interview-will-she-run-for-president-2016>
> published this weekend, Clinton implied she and her husband were not among
> the “truly well off,” despite millions in the bank and well over $100
> million collected in speaking fees alone over the past decade.
>
> “But they don’t see me as part of the problem because we pay ordinary
> income tax, unlike a lot of people who are truly well off, not to name
> names; and we’ve done it through dint of hard work,” Clinton said.
>
>

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Alexander Snyder Mackler
(302) 598-867