Cindy McCain’s wealth is a shot in the arm for the republicans

July 3rd, 2008 - 3:58 am ICT by David M N James  

Cindy McCains wealth is becoming issue for her husband’s campaign.

According to pollsters, “In 2004, Republicans demanded fuller disclosure about the considerable fortune of Teresa Heinz Kerry, wife of Democratic presidential candidate John Kerry. This time round the republicans are trying hard to keep the lid tights investigations on Cindy McCains wealth become an issue.

The Democrats are digging hard into Cindy McCains accounts. They are demanding a full disclosure of her financial worth including assets and any offshore stashing’s.

Democrats are questioning John McCain’s commitment to transparency and suggest that he may be ‘hiding’ information about how his efforts in Congress benefited his family. This worsens through a focus on the Cindy McCain’s finances which could attract attention and bad publicity on the campaign trail. The McCain clan is an affluent family which has the typical affluent lifestyle and free-spending habits. Cindy McCain and the McCain children are beneficiaries of a beer distributing fortune amassed by her parents and estimated to be worth $100 million or more. Cindy McCain’s family fortune has boosted her husband’s in subsidizing his current presidential campaign.

Cindy McCain and her dependent children and the trusts and companies they control made more than $29 million from family’s business interests from 2004 through 2007 and spent $11 million purchasing five condominiums for the family and hired more house help. Cindy McCain said favors suits made by the German designer Escada and has Credit card tabs totaling nearly $7,000 in unpaid property taxes.

The McCain credit card bills peaked between January 2007 and May 2008 with Cindy being charged as much as $500,000 in a single month on one American Express card and $250,000 on another. One of their children had an AmEx card with a monthly balance as large as $50,000.

Posted in Politics, World, World News |