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View Diary: Jim DeMint leaving the Senate to head Heritage Foundation (315 comments)

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  •  Really? (2+ / 0-)
    Recommended by:
    hulibow, AUBoy2007

    Not even for $1 mil? And a sense he's not really going anywhere as a senator?

    Being the single intellectual in a village of 1,100 souls ain't much fun, especially when 1,099 of those don't think you're all that smart.--Lucy Marsden

    by Miniaussiefan on Thu Dec 06, 2012 at 08:22:31 AM PST

    [ Parent ]

    •  my gut instinct (2+ / 0-)
      Recommended by:
      skohayes, guavaboy

      says no way. But you may be right. I see the power struggle between the right wing tea party conservatives and the establishment going on right now in the R party and I am shocked that a "leader" like DeMint would leave before the outcome is known. Or maybe it is known and his brand lost.

      I'm pretty tired of being told what I care about.

      by hulibow on Thu Dec 06, 2012 at 08:30:49 AM PST

      [ Parent ]

    •  Congress members are "much richer than... (2+ / 0-)
      Recommended by:
      antirove, skohayes

      you and me."

      ...Congress is mostly made up of lawyers and business professionals, Carnes said. And as income inequality grows in America, the gap between lawmakers and their constituents widens as well...

      While Demint's personal financial disclosures show he's not among Congress's wealthy--those in Congress have far more opportunity for getting wealthy while in office than does the average person:  Members of Congress Get Abnormally High Returns from Their Stocks.  

      A study of senators by the same team of researchers five years ago found members of the higher chamber even better at beating the market -- outperforming it by about 10 percent, an amount the academics said was "both economically large and statistically significant..."
      Here's another way Congress members get rich.
      "...Throw Them All Out, Peter Schweizer's explosive new expose, has pulled back the lid on congressional insider trading, revealing the shocking regularity with which elected officials use their legislative positions to reap financial rewards....

      ..members of Congress are also making a killing in real estate, using federal funds to boost their personal land holdings.

      Like Congress's questionable trading practices, mixing real estate investments with taxpayer money is technically legal. Actually, it's pretty easy for members of Congress to get rich off of federal projects..."


      Get Elected to Congress, and Get Rich...

      So if Demint actually does need to leave the Senate to make more money, he's apparently not very financially savvy, in addition to being a teaparty loon.

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