Wednesday, October 1, 2008

Countdown: Joe Six-Pack, Sarah Palin, is a Millionaire

till the Palin-Biden Debate

Sarah is a Millionaire

Turns out that Sarah Joe Six-Pack Palin, is actually Sarah Champagne Palin. That's according to an article in the Anchorage Daily News which reveals that Todd and Sarah Palin are millionaires; millionaires who also got their cut of the oil revenues paid out to all citizens in the socialist state of Alaska, which last year came to $1,654 for each member of the Palin family.

Yet another anomaly in the mythology being woven around the saga which is Sarah Palin -- a millionaire masquerading as "an everyday, working-class American."

Here's the article:

Anchorage Daily News

Estimates show Palin assets top $1 million

The Associated Press

(10/01/08 16:10:45)

WASILLA - Sarah Palin and her husband have pieced together a uniquely Alaskan income that reached comfortably into six figures even before she became governor, capitalizing on valuable fishing rights, a series of land deals and a patchwork of other ventures to build an above-average lifestyle.

Add up the couple's 2007 income and the estimated value of their property and investments and they appear to be worth at least $1.2 million. That would make the Palins, like Democratic vice presidential rival Joe Biden and his wife, Jill, well-off but not nearly as wealthy as multimillionaire couples John and Cindy McCain and, to a lesser extent, Barack and Michelle Obama.

One measure of financial health: While there is a home loan, Palin reported no personal credit card debt on her most recent financial report as Alaska governor. That compares to average household credit card debt among Americans of $9,840 last year.

A more complete picture will come when Sarah Palin outlines her personal finances in federal paperwork in coming days. It will include details of any mortgage debt and at least rough dollar totals for bank accounts and investments.

Palin this week characterized herself as "an everyday, working-class American" who knows how it feels when the stock market takes a hit.

The Palins' total income last year was split almost evenly between Sarah Palin's white-collar job and her husband's blue-collar work. Sarah Palin's salary as governor was $125,000; Todd Palin took in $46,790 as a part-time oil production operator for BP Alaska in Prudhoe Bay, plus $46,265 in commercial fishing income and $10,500 in Iron Dog snowmachine race winnings. These figures do not include nearly $17,000 in per diem payments Palin received for 312 nights spent in her own home since she was elected governor; she also has received $43,490 to cover travel costs for her husband and children.

In addition, each member of the Palin family received $1,654 in state oil royalties paid to all Alaskans.


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