HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Politics & Government » Hillary Clinton (Group) » Hillary Clinton: Top hedg...

Tue Jun 16, 2015, 09:11 AM

Hillary Clinton: Top hedge fund managers make more than all kindergarten teachers combined

I found this interesting since I keep hearing about Hillary and her "corporate masters". In fact if I hear that more more time-- and I will -- I expect a strong bout of nausea. Anyway politifact came up with this little assessment of her comparison statement. This is a woman who cares very much for people, and the comparison is an apt one.

Our ruling

Clinton said, "The top-25 hedge fund managers (are) making more than all of America's kindergarten teachers combined."

Bureau of Labor Statistics data shows that Americaís 158,000 kindergarten teachers together make $8.5 billion a year.

There are a few possible problems with the data for hedge fund managersí earnings, but thereís no denying itís significantly higher than a kindergarten teacherís compensation. A rough estimate for the top-25 hedge fund managers shows they collectively earned $11.62 billion in 2014, and that was a bad year. In 2013, they earned approximately $21.15 billion. So using the smaller number, kindergarten teachers come up shy of hedge fund managers by about $3 billion, a huge margin.

We rate Clintonís claim True.


http://www.politifact.com/truth-o-meter/statements/2015/jun/15/hillary-clinton/hillary-clinton-top-hedge-fund-managers-make-more-/

5 replies, 690 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 5 replies Author Time Post
Reply Hillary Clinton: Top hedge fund managers make more than all kindergarten teachers combined (Original post)
ismnotwasm Jun 2015 OP
Iliyah Jun 2015 #1
leftofcool Jun 2015 #2
William769 Jun 2015 #3
NashuaDW Jun 2015 #4
hrmjustin Jun 2015 #5

Response to ismnotwasm (Original post)

Tue Jun 16, 2015, 09:31 AM

1. K & R

Thanks for the information.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ismnotwasm (Original post)

Tue Jun 16, 2015, 09:38 AM

2. K&R

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ismnotwasm (Original post)

Tue Jun 16, 2015, 10:05 AM

3. Kick & recommended.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ismnotwasm (Original post)

Tue Jun 16, 2015, 10:06 AM

4. So .... ?

This is a great applause line, but what is she proposing to do about it?

I think, in large part, she is just demonizing hedge funds, which are nothing more than venture capital firms. If they choose and invest wisely -- they make money, if they invest poorly -- they lose money. If they invest very wisely -- they make a ton of money and the companies they invest in have capital to expand and create new products and markets.

80% of ALL hedge funds go broke in their first year.

Is she just capitalizing on the bad reputation of hedge funds and the fact that most people have no idea what they really are?

Disingenuous at best, pandering at worst.

UNLESS ... she is suggesting a pay raise for kindergarten (and all other) teachers. That's an idea I can get firmly behind!!!

Reply to this post

Back to top Alert abuse Link here Permalink


Response to ismnotwasm (Original post)

Tue Jun 16, 2015, 10:06 AM

5. Thanks for posting this.

 

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread