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Bill Clinton Made $10 Million in Talks

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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 10:43 AM
Original message
Bill Clinton Made $10 Million in Talks
Source: ABC News

Former President Clinton made more than $10 million in paid speeches last year, according to new filings that show he and his presidential-candidate wife have at least $10 million in the bank, and may have closer to $50 million.

According to financial disclosure forms made public Thursday, Bill and Hillary Rodham Clinton hold two accounts, each valued at somewhere between $5 and $25 million. One is an old-fashioned bank account; the other is a blind trust.

Six years out of power, Bill Clinton can still raise huge sums with a personal appearance. He made a staggering $450,000 for a single September speech in London, at a Fortune Forum event, as well as $200,000 for an April appearance in the Bahamas to speak to IBM, and another $200,000 for a New York speech to General Motors.

The senator's own book profits are declining, years after her "Living History" became a best-seller. She reported royalties of $350,000 for the book last year.



Read more: http://abcnews.go.com/Politics/wireStory?id=3277880
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maxsolomon Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 10:45 AM
Response to Original message
1. good for him
lets see the Chimp beat that # in 2014
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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 10:55 AM
Response to Reply #1
2. I don't see the chimp's speaking abilities being in high demand..
after January 2009. They really aren't now, come to think of it.
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underpants Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 11:15 AM
Response to Reply #2
3. No real demand
but I can see them throwing money at him if only to top Clinton. Hell they may not read them but someone forked over all that money to actually buy pallets of Coulter and Hannity and Judith Regan books. They have very deep pockets over there.

They also know the benefit and weight that being "successful" lends to your argument-or at least I have been lead to believe that.

This goes back to Rove's supposedly highly lucrative days as a direct mailer. Now if ever there was a chance to funnel someone money so they appear to be rich and therefore relevant THAT would have been it.

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Virginia Dare Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 11:35 AM
Response to Reply #3
5. Yep, Poppy's "friends" will probably have to come through..
at least one last time. It will be interesting to see what happens once that crowd is gone though. Something tells me a lot of time money and effort will go into propping Jeb's reputation up, the chimp's is probably a lost cause.
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stanwyck Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:54 PM
Response to Reply #3
16. Don't you feel sorry for the audiences
who will have to listen to him? They'll all have to pretend he's so wonderful in order to keep up the brave front.
Ah, karma.
The Bush voters will be wallowing in his incompetence for years. And having to keep a stiff upper lip or risk everyone seeing how dreadfully stupid they've been.
I hope he bores them all to tears.
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cobalt1999 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 11:17 AM
Response to Original message
4. Too bad Carter hasn't been able to cash in some.
I heard him say about Clintons big dollar speaking engagments "I'd love to make millions talking, but I never get those offers".
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SayWhatYo Donating Member (991 posts) Send PM | Profile | Ignore Thu Jun-14-07 07:22 PM
Response to Reply #4
21. Many like Clinton, even if they "don't like him"...
I'm no so sure the same could be said about Carter. Whether that's right or not, I dunno, but that's my take on possibly why.
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classysassy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 12:03 PM
Response to Original message
6. Ten mil?
heck,Bushco steal more than that in an hour.
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William769 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 12:19 PM
Response to Original message
7. WTG!
Keep it up BIG DAWG!
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Auntie Bush Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:18 PM
Response to Original message
8. Bush will make that amount of money too.! Bank on it!
They will PAY HIM that much NOT to give a speech so they won't have to listen and get sick to their stomach at the thoughts of such a disgusting experience.
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superconnected Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:24 PM
Response to Reply #8
9. Clinton needs the money. Bush doesn't so he probably won't be doing many
speaking engagements.

I'm not sure the RW will even want him to show up at candidate fundraisers because they may not want his name attached to the candidate.
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DS1 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:29 PM
Response to Original message
10. This piss-money compared to what Reagan was pulling in
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Chemical Bill Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:31 PM
Response to Original message
11. St. Ronnie made $2 mil for one speech.
How come $450,000 is "staggering"?

Bill
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Lisa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:33 PM
Response to Original message
12. Stephen Lewis (former UN special envoy for AIDS) ...
... told me earlier this year that Clinton's Foundation has done a lot of good work in Africa. Lewis said specifically that if it weren't for Clinton, anti-retroviral drugs would still be beyond the reach of most patients. By getting the price lowered (to less than half of previous costs), tens -- eventually hundreds of thousands -- of people will have a chance for treatment. Lewis said that NOBODY -- not the UN, not the G8, not even the other charities -- moved as quickly on this issue as Clinton did. He feels very strongly that Clinton "gets it". He had been joking earlier that people had been willing to shell out $100 or more and wait in line for hours a few months before, just to see Clinton, although he could not imagine that much eagerness to listen to "a boring Stephen Lewis lecture" especially when there was a hockey game on TV -- he then added, in a serious tone, that he did not begrudge Clinton a penny of his fees, since he supported Clinton's work so strongly.
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Spazito Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:45 PM
Response to Reply #12
14. Having had the opportunity to listen to Stephen Lewis lecture
he is too modest, imo. He is, in his way, as fascinating, passionate, informative as Clinton. I consider myself fortunate to have met him, he is one of my heroes for sure!
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Lisa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:51 PM
Response to Reply #14
15. a smart, funny guy -- I hope I get to hear him again soon!
He started out by warning us that he tends to get "a bit carried away" on these issues, and reminded us that there was a very comfortable coffee shop across the street, so we shouldn't feel shy about slipping out to fortify ourselves, since "I will still be here, talking" when we got back! Needless to say, nobody budged, for the next hour! He also stayed for quite a while after, so everyone who wanted to ask him questions individually had a chance to do so.
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Taverner Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 01:34 PM
Response to Original message
13. Good. In a CAPITALIST system, the talented are rewarded with cash
So what exactly is the GOP saying?
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Sewsojm Donating Member (554 posts) Send PM | Profile | Ignore Thu Jun-14-07 02:08 PM
Response to Original message
17. I don't care
I don't care who they are but Nobody should get paid those amounts of money for giving speeches, as usual the rich just get richer and Fuck the Poor!!
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SayWhatYo Donating Member (991 posts) Send PM | Profile | Ignore Thu Jun-14-07 07:19 PM
Response to Reply #17
20. How is he fucking the poor?
Edited on Thu Jun-14-07 07:20 PM by SayWhatYo
The poor not being fucked when the money is transfered to his account. The poor would be fucked if the money was taken from a fund that was meant for going to the poor, but I doubt that is the case. Also, that money will be taxed will help to fund social programs that help the poor. Where as before it probably would have sat in someones bank account. I would also think that the Clintons are a fan of philanthropy, no?

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Township75 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 07:05 PM
Response to Original message
18. It's great to see that $10 mill go to someone with a ridiculous sized pension
married to someone who will get a ridiculous sized pension, rather than seeing it go to people who actually need it.

Seriously, he isn't doing anything wrong taking in as much money as he can get to speak, I just get as pissed about this as I do CEO's getting paid for not doing much. For some reason, if the guy has a D by his name, it's OK to some.
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rinsd Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 07:09 PM
Response to Reply #18
19. What do you think this runs on?
Edited on Thu Jun-14-07 07:12 PM by rinsd
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msanthrope Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jun-14-07 08:13 PM
Response to Original message
22. Good for Him---He recognizes that with his money, comes
a duty to help all. His money is hard earned. Getting low-cost drugs for children with AIDS? He's a mensch.

SNIP--

"Clinton says he spends more than half his time on the foundation, and he's trying to get to the point where that's all he does. "I don't see how we could have exploded this any faster and had more impact that we have," he says. "We started with me, a handful of people, and $10 million in debt." When asked if he has any fear of failure, he says, simply, "No." Then he offers a line that you might hear from a motivational speaker. "If you try enough things and are ambitious enough, you're going to fail at some. The thrill of this is trying to do it." He insists that his foundation is not an attempt to atone for past sins or compensate for lost power. "I promised myself when I left the presidency that I would not spend one day sitting and moping and wishing I was still President," he says. He repeats a variation of this a little too often for it to be believable, though, and while he'll discourse on the limits of presidential power, he also recounts a telling anecdote. Someone recently asked him if he thought he would wind up doing more good as a former President than he did as President. "Only if I live a long time!" he said.

In truth, no explanation of Bill Clinton's motives can do them justice. Is he trying to help Hillary by generating goodwill and building support among both Republicans and Democrats? He'll deny that Hillary needs any help. He is sensitive to charges that he didn't put a stamp on his time as President, and he acknowledges a few failures-about Rwanda, he says, "I do think I have a debt there, and I don't think it can ever be fully discharged." But if he has any sense of mission not accomplished, he won't admit to it.

Clinton casts his motivations in moral and religious terms-and frequently mentions his own mortality. In a speech a year ago, he said, "It will benefit us economically if we do this. But we need a little humility here. If we really have our religious teachings grounded, well, we will do this because it's the right thing to do." He also said, "I've reached an age now where it doesn't matter whatever happens to me. I just don't want anybody to die before their time anymore." In Harlem, he picked up a picture of himself and Hillary back in Arkansas. "I was only 39 then, and I didn't look it," he said. "I didn't look my age until I was 45, and then it all went to hell." He's been saying things like this since 1996 or so, when he seemed to realize that his graying-now white-hair lent him a gravitas he'd lacked. But after quadruple-bypass surgery, who can say he hasn't earned it now?

Flying through African skies after a long day in Malawi, Clinton went on another extended monologue about his motivations. "Always in my life, I've had a consuming interest in people, politics, and policy. I'm out of politics now except for whatever use I am to Hillary. But I'm not out of people and policy. My primary motivation is that I love this stuff." For the people in Malawi, he said, there was but one choice: to work to live. "That's the way 99% of people in human history have lived. If you're in that narrow class who can live to work, you are privileged not just now, but in any single moment that ever existed." He added, "If you can do something that makes a difference, you have a moral obligation. But it's not a burden, it's a joy. I think those are my motives," he concluded. "But who can really know?"

http://money.cnn.com/magazines/fortune/fortune_archive/2006/09/18/8386185/index.htm
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