Obama economy good for some people

While America as a whole slides toward unemployment and poverty, certain well-connected people are doing very nicely indeed. Consider Minority Leader Nancy Pelosi and her husband Paul. Kevin Bogardus of The Hill reports:  House Minority Leader Nancy Pelosi (D-Calif.) saw her net worth rise 62 percent last year, cementing her status as one of the wealthiest members of Congress. Pelosi was worth at least $35.2 million in the 2010 calendar year, according to a financial disclosure report released Wednesday. She reported a minimum of $43.4 million in assets and about $8.2 in liabilities. For 2009, Pelosi reported a minimum net worth of $21.7 million. Then, there are those Obama donors who are getting fat government contracts. Fred Schulte, John Aloysius Farrell and Jeremy Borden write in Politico: Telecom executive Donald H. Gips raised a big bundle of cash to help finance his friend Barack Obama's run for the presidency. Gips, a vice president of Colorado-based Level 3...(Read Full Post)