The Washington Post recently wrote a critique of both Bill and Hillary Clinton’s use of the presidency in order to create a substantial sum of wealth for themselves. They brought up a serious question about the present Democratic presidential nominee. They compared Harry Truman and Bill Clinton as presidents.
The article mentioned how the Clintons quoted themeselves as being nearly broke upon leaving the White House at the end of Bill Clinton’s presidency. However, they then noted that Truman was making a sum total of $112.56 a month based on his Army pension. A far cry from the millions the Clinton’s made and continue to make.
Truman had notoriously denounced cashing in the notoriety and celebrity of the presidency for money. Whereas the Clinton’s had no qualms doing so. In the past Truman once wrote to following,
“I could never lend myself to any transaction, however respectable, that would commercialize on the prestige and dignity of the office of the presidency.”
Nonetheless Truman eventually cashed in his fame when he wrote his memoirs and made a clean $600,000 which when calculated for inflation comes to approximately $5 million in 2016. Regardless, $5 million is scraps compared to the hundreds of millions the Clinton’s made.
Bill Clinton once wrote in his memoir,
“I was one poor rascal when I took office. But after I got out, I made a lot of money.”
The Post overviewed the actual details of how the Clinton’s made there money,
“Actually, a mind-boggling amount. Between the two of them, Bill and Hillary Clinton have reported earning more than $235 million since leaving the White House. An unsettling reminder of the gusher of cash that can flow a former president’s way came with a recent report in The Post on the $17.6 million that Bill Clinton earned as a consultant and “honorary chancellor” from Laureate International Universities, a for-profit college company.
The simultaneity of Bill Clinton’s post-presidency with Hillary Clinton’s public service and, if she has her way, pre-presidency poses particular problems about the intersection of his paychecks with her government work.”
The article also touched upon the nefarious and negligent way the Clinton Foundatioj runs its business. Intimating that their are rumors it is more of a slush fund to launder money for the sole purpose of Hillary Clinton’s pay-to-play scheme of running the government.
If Hillary were elected president the article also poses the issue of how the Clinton’s marital arrangement would effect the presidency as well as the foundation.
These questions still remain and are unanswered. They are urecent questions that need to be taken seriously. How will Bill and Hillary be using the presidency to cash in the most amount of money as they have so often done before? The intersection of her presidency with his work in the foundation could pose serious liabilities.