How Did Susan Rice Make As Much As $149 Million?
Democrats fight for the people. And by the people, they mean the oppressed and downtrodden working classes of the swamp. Themselves.
Rice, who is among the wealthiest members of the Biden White House team, dramatically increased her wealth since her previous White House job during the Obama administration, reporting between $36 million and $149 million in various assets in her new disclosure filing released Saturday morning.
That's nearly three to four times the amount she reported back in 2009, when she joined the Obama administration as the ambassador to the United Nations. Back then she reported total wealth between $13.6 million and $40.4 million, and the figure didn't increase dramatically when she served as President Barack Obama's national security advisor during his second term.
Where did all that money come from? ABC News' explanation only covers so much ground.
Rice, who served as the president of her author and speaking business SERice LLC, earned roughly $620,000 from various corporate and academic speaking engagements in the past year, and $250,000 from book royalties, with her total income from the past year amounting to between $2 million and $6.7 million.
It goes without saying that no one is inviting Susan Rice to speak because of her deep insights into how to get ahead by using your political connections. No more than they were paying Hillary millions because they wanted to listen to her shriek from a teleprompter.
And the speaking tour has died down, for the same reason that Rice kept cashing in. Companies invest in people who are going to be power players in the government.
Everyone knows it. Except the Biden White House which wants to treat the public like idiots with its baldfaced chutzpah. That or it's trying its hand at unintentional comedy.
"These White House officials are experienced government leaders whose past private sector experience is part of a broad and diverse skill set they bring to government service," a White House spokesperson told ABC News in a statement. "They have returned to government because of their deep commitment to public service, their desire to help bring our nation out of this time of crisis, and their strong belief that government can work for the American people."
Warren Buffett, Donald Trump, or hell, even Ray Tillerson, joining the government is bringing private sector experience to public service. Government employees who take a break in between administrations to make millions are not bringing private sector experience to public service.
They're bringing government contacts into the private sector.
Klain, a longtime adviser to Biden, has also tripled his wealth since 2009, a comparison of his past and new disclosures shows. When he joined the Obama administration in 2009 as Biden's chief of staff, Klain reported owning between $1.4 million and $3.5 million in assets, and he now enters the Biden administration with between $4.4 million and $12.2 million in various assets.
Zients reported owning between $89.3 million and $442.8 million in assets, including various investment funds, real estate properties and cash shares. He has divested his shares in his private investment firm, Cranemere Group, as well as $1 million worth of shares in Facebook, where he has served as a board member.
Deese's wealth has also multiplied dramatically since 2009, when he took his first White House job as Obama's special assistant for economic policy. In 2015, just a few months into his role as deputy director of the Office of Management and Budget, Deese reported owning between $81,000 and $215,000 in assets -- but now, as a member of the Biden administration, he's reported between $2 million and $7.2 million in assets. Prior to joining the Biden administration, Deese made $2.3 million in salary from the investment firm BlackRock as the Global Head of Sustainable Investing, compared to the $175,000 in salary he received during his last year as Obama's deputy OMB director.
Public service, folks. It's all about the public service.