06-11-2015, 07:10 PM
(06-11-2015, 05:05 PM)michaelsean Wrote: I would quickly dismiss it as nothing. It seems unbelievably lazy as I'm sure there is something real you can get on just about any politician. An $80,000 boat for someone with his salary of $175,000 and the advance plus whatever he makes above that advance isn't a big deal. Especially if fishing is your thing. You can have that boat for a long time.
The boat isn't a big deal...but $800k after taxes and his other debts leaves you with around $300k. Not particularly advisable to invest in a money pit after just climbing out of debt. And $175k is a nice salary, but doesn't leave you as much as you might think when you have to maintain a second residence in DC.
It's not demonstrative of financial acumen that inspires confidence. I'm a little skeptical of these book deals in general - seem more like a direct, personal handout from publishers that would be illegal for other campaign donors. I think some of these hacks we see in elections now are really just hoping to get exposure to land a book deal or analyst job.
