Poor Boy Biden Makes Good

Senator Barack Obama has always shown genuine concern for the poor. His own early childhood on food stamps and later work as a community organizer in Chicago underlie this sensitivity and awareness. That is probably why he passed over multimillionaire Hillary Clinton and chose poor boy Joe Biden as his running mate.

The Associated Press just published Senator Biden’s pitiful net worth, a pathetic earned income of $298,200 (Let’s round that off to $300K) plus $20,500 he earned teaching at Widener University. His wife is a teacher, so she probably adds an anemic $50,000 or so to the annual family budget. Additional income from mutual funds and savings and insurance dividends totals $5,000 a year, at most. That’s a total of $375,500 a year, minus all those DC-Delaware Amtrak tickets (commuting stinks).

Senator Biden has some money in bank accounts, mutual funds, and insurance policies (less than $366,000) but he took out loans against these investments for his son’s college expenses and, probably, his unsuccessful presidential primary campaign.

That is well below the $5 Million poverty line established by Senator McCain. Can the Bidens get food stamps?

If the Democrats win, at least the Bidens will get another house, if only for four years. I hope they don’t lose count.

Image generated through Redkid.net.

3 Responses to “Poor Boy Biden Makes Good”

  1. Lawrence E. Rafferty Says:

    Joe Biden wouldn’t have been my first choice for VP, but he was my top choice of the 3 or 4 people being suggested as finalists for the position. He is experienced, but what he brings is the feeling that the common man is running for VP with the smart guy from Harvard. It is refreshing to see someone with his modest assets named as the possible VP of the United States. And he will be a good one to call McCain what he is, a liar.

  2. Mike Licht Says:

    Lawrence E. Rafferty: Right now I’m watching Senator McCain telling Jay Leno how much he admires Joe Biden, how their families vacation together, it will be a respectful campaign, and so on.

    I believe Biden was selected simply because he has less personal moral baggage than the other three people on the list.

  3. Lawrence E. Rafferty Says:

    I think that Biden was chosen because he can go toe to toe with McCain and bluntly tell him that he is lying. The Senate always makes a big deal on how civilized they are supposed to be and then someone like McCain oks swift boat type ads against another Senator. Biden was also chosed for his experience. Respectfully, I don’t think it will be a respectful campaign because McCain is already throwing mud. That Leno video is priceless pandering on McCain’s part. He is getting to the stage that when in doubt, remind everyone that he was a POW. Sad.

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