- DOJ reaches largest-ever federal government settlement over auto loan discrimination
- U.S. Navy to start giving gay couples marriage benefits in Japan
- Sen. Harry Reid goes to hospital as a precaution
- Fla.’s Trey Radel exits rehab, ‘excited’ to resume congressional role
- U.S. nuclear general boozed it up, chased ‘hot women’ in Russia: report
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GOP’s millionaire candidates claim to know struggles of real people
Question of the Day
Class warfare has broken out on an unlikely battlefield: the Republican presidential primaries. GOP candidates who had been ripping President Obama for populist attacks on prosperity are suddenly fighting over who can afford $10,000 bets and who ripped off whom while raking in big private-sector bucks.
Political analysts are warning that the entire conversation is a turnoff for voters who are looking for candidates with whom they can relate.
That is tough to find in the field of reported millionaires, who have spent much of the past week arguing over who earned their own money, who has retained the common touch while making bank — and who made their money through ill-gotten gains.
Rep. Michele Bachmann — with an estimated net worth of $1.3 million to $2.8 million — launched a focused attack on Newt Gingrich — with an estimated net worth of at least $6.7 million — saying the former House speaker used his political influence to pull in $100 million in business and to “bankroll his lavish lifestyle.”
The three-term congresswoman from Minnesota highlighted a report in The Washington Post that described how Mr. Gingrich went from buying $30 neckties and discount haircuts at Bubbles hair salon to racking up a half-million-dollar tab at a posh jeweler and insisting on flying aboard private charter jets.
“His offices are on the Rodeo Drive of Washington called K Street,” Mrs. Bachmann said over the weekend, likening Mr. Gingrich’s life as a “crony capitalist” in Washington to the ritzy Beverly Hills hub, where the rich and famous are known to shop for designer duds.
Also this week, former Sen. Rick Santorum — the poorest of the field with a net worth estimated at $880,000 to $1.9 million — cranked out a fundraising email that suggested the $10,000 bet that Mitt Romney offered Rick Perry at Saturday’s debate shows he is out of touch with voters, who aren’t in the financial position to be so willy-nilly about putting such a hefty wager on the table.
“Mitt Romney is a multimillionaire former venture capitalist, so we understand that $10,000 might not be a lot of money to him. But it is to us, and we are sure it is to most of you,” Mr. Santorum’s email read.
Mr. Romney — a former Massachusetts governor whose net worth is estimated to range between $190 million and $250 million — challenged Mr. Perry to the bet after the three-term Texas governor said that Mr. Romney deleted passages in his book “No Apology” to conceal his support of a federal national health care mandate.
Mr. Perry — with an estimated net worth of at least $1.1 million — declined the bet, saying he wasn’t a betting man. It’s a lucky thing: Independent fact-checkers said Mr. Romney would have collected.
Mr. Perry later told the Des Moines Register that he was sticking by his accusation, though he also said he doesn’t have $10,000 to wager and called the bet a “clarion moment.” “I’m kind of like, holy mackerel, that’s just a lot of money for most people, and I guess not for Mitt,” he said.
The bet also drew derision from bloggers, and state Democratic parties across the country sent out press releases calculating what $10,000 could buy for local residents. Mr. Romney’s team, meanwhile, tried to steer attention back toward Mr. Gingrich, with surrogate and former New Hampshire Gov. John E. Sununu raising Mr. Gingrich’s penchant for buying expensive jewelry for his wife.
“I think the only thing that will come out of that is it will remind people of a $500,000 outstanding bill at Tiffany’s,” Mr. Sununu said Sunday on CNN’s “State of the Union.”
“If you have a half-a-million-dollar purchase from Tiffany’s, you’re not a middle-class American,” he said.
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