Congress got 25% richer during height of recession? (Cafferty)

[Canuckistanian]

While millions of Americans struggle under a weak economy, members of Congress keep getting richer. A lot richer.

"Roll Call" reports that members of Congress had a collective net worth of more than $2 billion in 2010.

That was up about 25 percent from 2008, during the height of the recession.

~snip~

Here's my question to you: What does it say when members of Congress got 25% richer during the height of the recession?

http://caffertyfile.blogs.cnn.com/2011/11/02/what-does-it-say-when-members-of-congress-got-25-richer-during-the-height-of-the-recession/

[valerief]

1. The surprising part of the story is ONLY 25%? nt

[karnac]

3. My mom's money market fund went up about 35 % same time period

And she knows nothing about them.

I'd recommend them but they just went down about 7-8 percent the last 4 months. Probably due to the debt ceiling brouhaha and the euro crisis.

Point is this.. You can now invest without being wholly dependent on how the rest of us are doing. In fact, it would be unwise to do so.

[valerief]

4. Yesterday I read that most of the gain went to the richest members of Congress.

The 1% of Congress got most of that 25%.

[mopinko]

2. does the class of 2010 have more rich guys?

pretty damning statistic. probably more complicated, but will be understood by joe 6 pack to be a clearly bad thing.

[cui bono]

5. Just saw that on Ratigan's show from Nov. 1 online...

http://www.msnbc.msn.com/id/3096434/#45124374

[classysassy]

6. The ill informed keep sending the criminal

back to Washington so they can continue their assault on the powerless," Oh what fools we mortals be ",wake up people we need a few honest member in congress,there are none at the present time.