Millionaire’s Club

Greenwald's reaction to the O'Donnell reaction is spot on I think:  

You want to know why it's so unusual for a U.S. Senate candidate to have what Rove scorned as "the checkered background" of O'Donnell, by which he means a series of financial troubles?  In his interview with me earlier this week, Sen. Russ Feingold said exactly why.  It's not because those financial difficulties are rare among Americans.  This is why:

"It's not a new thing; it's been going on for a couple of decades. If you look even in the Senate, I'm one of the very few people in there who doesn't have a net worth over a million dollars; my net worth is under half a million dollars, after all these years. "

And as poor as Russ Feingold is relative to his colleagues in the Senate, he's still a Harvard Law School graduate who owns his own home and has earned in excess of $100,000 as a U.S. Senator for the last 18 years.  People with unpaid Farleigh Dickinson tuition bills and home foreclosures just aren't in the U.S. Senate.  And there are a lot of people — those who see nothing wrong with the U.S. Senate as a millionaire's club and as an entitlement gift of dynastic succession – who want to keep it that way.  

If you don't feel like clicking through to Greenwald's column I can summarize it for you: he disagrees with much of what O'Donnell says and stands for, but he thinks a big part of the establishment reaction to her is the fact that you're more likely to find her at WalMart than at Macy's. I think he's right.

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