Thursday, August 06, 2015

How to get rich by running for president

By Rick Newman, Yahoo

The year 2008 was great for Mike Huckabee—but not as a politician. The former Arkansas governor bailed out of the presidential race in March of that year after losing steam in the early primary elections. But simply running for president elevated Huckabee to the status of celebrity, while helping him build a devoted following among southern and Midwestern evangelicals. Huckabee has since converted the renown that comes with running for national office into a business enterprise that has made him wealthy, with a palatial beachfront home, access to private jets and other perks of the 1%.

Huckabee is running for president again, of course, which makes him one of perhaps 12 or 15 candidates likely to enjoy free media attention and additional publicity funded by donors—even though polls show they have virtually no chance of winning. The presence of so many obscure candidates in the 2016 race—Jim Gilmore, Lincoln Chafee, James Webb, George Pataki, and so on—prompts an obvious question: Why are they running? Huckabee’s experience suggests one answer: Because running for president can be a highly lucrative form of work.

(More here.)


Blogger Minnesota Central said...

Too bad the author wasn't able to get a comment from Tim Pawlenty or Norm Coleman.

Pawlenty, as head of the Financial Services Roundtable, earns an estimated $2 million salary, while Coleman has his hands in many lobbying groups ~ American Action Network, Congressional Leadership Fund, and Hogan Lovells ~ so, let's say that losing to Al Franken hasn't sent him to the poor house.

7:49 AM  

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