I believe that Bill Clinton was an excellent president, that we were lucky to have him, and that there are thousands of gazillionaires who are less deserving of their wealth than he is. Furthermore, I don’t want to hear another of Cokie’s stories about how Tip O’Neill got married in a hand-me-down tux and had the reception in the parish rec room.
Before we attend to the poor political judgment of such an extravagant affair during times of economic distress, let us wonder aloud where a poor boy who became governor of Arkansas and president of the United States got such a fortune that he can blow $3,000,000 on a wedding.
The American people did not take up a collection to reward him for his service to them. Where did the money come from? Who was he really serving during his eight years in office?
How did Tony Blair and his wife, Cherrie, end up with an annual income of ten million pounds (approximately $15 million dollars) as soon as he left office? Who was Blair really serving?
These are not polite questions, and they are infrequently asked.
Then there are those, such as Paul Krugman, The New York Times columnist and Nobel prize winner, who blame it on politics….
The incomes of the super-wealthy have skyrocketed while those of the middle-class have stagnated. Meanwhile, many political (and media) elites have joined the ranks of the super-wealthy. Coincidence?
Update. The $3 million figure may be garbage. I still agree with the main point of the Counterpunch piece, though.