Sunday, June 29, 2008

Are The McCains Broke!?!?

Of course they aren't, not when dude's wife is worth a cool hunned milli.[1]

But I'm at a loss for words trying to understand just how these folks are literally drenched in moula, but can't cover a simple property tax bill on one of their seven homes.

When you're poor, it can be hard to pay the bills. When you're rich, it's hard to keep track of all the bills that need paying. It's a lesson Cindy McCain learned the hard way when NEWSWEEK raised questions about an overdue property-tax bill on a La Jolla, Calif., property owned by a trust that she oversees. Mrs. McCain is a beer heiress with an estimated $100 million fortune and, along with her husband, she owns at least seven properties, including condos in California and Arizona.

San Diego County officials, it turns out, have been sending out tax notices on the La Jolla property, an oceanfront condo, for four years without receiving a response. County records show the bills, which were mailed to a Phoenix address associated with Mrs. McCain's trust, were returned by the post office. According to a McCain campaign aide, who requested anonymity when discussing a private matter, an elderly aunt of Mrs. McCain's lives in the condo, and the bank that manages the trust has not been receiving tax bills on the property.

Shortly after NEWSWEEK inquired about the matter, the McCain aide e-mailed a receipt dated Friday, June 27, confirming payment by the trust to San Diego County in the amount of $6,744.42. County officials say the trust still owes an additional $1,742 for this year, an amount that is overdue and will go into default July 1. Told of the outstanding $1,742, the aide said: "The trust has paid all bills shown owing as of today and will pay all other bills due."
Overall, this is much ado about nothing, despite what the Huffington Post and others will try and tell you. It seems like little more than an administrative oversight. And if CindyMac isn't bakin' her own cookies, I can damn sure guarantee you somebody else is cutting checks for her. Cause she just balls out like that.

Seriously, CindyMac prolly spends $6,700 on a party weekend trip to the spa. So, this is nothing. But it does put the spectre of Cindy McCain's ludicrous fortune in the news somewhat. I mean, seriously, how heavy are you ballin' when you just happen to forget to pay the tax bill on one of your seven homes?

In a roundabout way, this is why the continued right-wing assault on the Obamas as being elitists sounds so incredibly stupid. Reality is, both Michelle and Barack are only one generation removed from poverty. Barack's grandparents struggled mightily (mainly due to some horrible financial decisions by his grandad) to provide for him. She grew up with both parents, one income, and a brother in a one bedroom apartment. It's widely known that they were both still swimming in over $100k in student loan debt as recently as 2 years ago.

But of course, two Negroes who struggle to improve their lives by getting an education (both on partial academic scholarships might I add) are elitist. Yeah, that adds up to me.

Seriously, could November hurry up and get here or what?

Question: Do you think the Obamas are elitist? How exactly do you define elitist?

Cindy McCain Pays Back Taxes On Condo [Newsweek]

[1] As much as I don't care for Lil' Wayne, I'll admit. That song is starting to grown on me.

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