2016 Postmortem
Related: About this forumHillary Clinton Defends Comments on Struggle With Money
By Jonathan Allen and Annie Linskey Jun 10, 2014 10:57 AM ET
Former Secretary of State Hillary Clinton is defending her remarks last night about the financial struggles she and Bill Clinton experienced, including mortgages they needed for houses.
Let me just clarify that I fully appreciate how hard life is for so many Americans today, Clinton said today in an interview on ABC Televisions Good Morning America.
Interviewer Robin Roberts pressed the former first lady, asking if she could understand the negative reaction to her comment that we struggled to piece together the resources for mortgages for houses, for Chelseas education, which Clinton made in a separate interview with ABCs Diane Sawyer.
I can, said Clinton, who in 2000 agreed to an $8 million advance from Simon & Schuster for a memoir of her time as first lady. Everything in life has to be put in context. As I recall, we were something like $12 million in debt coming out of the White House in 2001. The Clintons purchased homes in Chappaqua, New York, and in Washington.
The stumble on personal wealth plays into concerns among some Democrats that Clinton, who is considering running for the presidency in 2016, is out of touch with Americans on the issue of income inequality. The comments inspired Twitter users to include #HillaryIsSoPoor on posts and provided fodder for morning talk shows.
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http://www.bloomberg.com/news/2014-06-10/hillary-clinton-sees-no-issue-with-clinton-bush-elections.html
FiveGoodMen
(20,018 posts)karynnj
(59,498 posts)As a Senator, HRC would spend most of her time in DC. Clinton's foundation is in NY. I assume the two houses are part of that debt.
Beacool
(30,247 posts)karynnj
(59,498 posts)two houses. It seems that the NY one was bought with a loan per links from MaDem which explained how they actually needed someone to guarantee the loan. I doubt they paid cash for the DC one either.
I was just correcting the idea that it was 3 houses.
Beacool
(30,247 posts)Hillary was running for the Senate in the state and needed to establish residency. At that point, there were no book deals or paid speeches. Terry McAuliffe was the co-signer of their loan. So, maybe she should have said it differently, but the fact remains that when they left the WH they were millions of dollars in debt (this morning she said they owed around $12M).
Bill's main concern at that point was to make enough money to retire their debt and leave Hillary and Chelsea financially secure. Bill has repeatedly said that the men in his family didn't live past 62 and that he was on borrowed time. There's also a little known fact, Bill helped to retire the debt of staffers who also had incurred large legal bills thanks to the Whitewater witch hunt.
What I find disappointing about DU is the constant barrage of nasty posts about fellow Democrats. The kind of vituperate comments that are normally reserved for Republicans are unleashed whenever it comes to the Clintons. What's the point of frequenting a supposed Democratic site if one has to always be on the defensive? One might as well be at a RW site.
karynnj
(59,498 posts)mortgage would be part of those debts. I didn't mean it as a negative and don't see how it could be that. She needed a home in NY.
Beacool
(30,247 posts)I'm just tired of the constant bashing over everything.
Rolo
(27 posts)the collateral that comes with being an ex-president.