SMRs and AMRs

Saturday, November 19, 2011

Republican Financial Plans

By GAIL COLLINS
NYT

Our topic for today is: Where do the Republican candidates for president get their money?

The personal finances of the G.O.P. presidential hopefuls are important for two reasons. One is that we’re talking about people who aspire to the most prestigious and important job the nation has to offer. The other is that these folks seem to have done really, really well. Perhaps, they can offer career tips.

Remember when Newt Gingrich claimed that the mortgage giant Freddie Mac paid him $300,000 for his advice “as a historian?” Thousands of young history majors who were resigned to a future in which they would pad out their $2,000-a-semester salaries as part-time adjunct lecturers with fulfilling careers in bartending suddenly were engulfed with new hope.

Unfortunately, it turned out that Newt’s income actually comes from running think tanks that help promote the corporate clients’ goals in the public sector. That may be a little harder for the youth of America to put their heads around. But, kids, if anybody asks you what you want to be when you grow up, say: policy guru.

(More here.)

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