Several celebrities and former politicians have voiced their support for Occupy Wall Street as of late. Michael Moore, Russell Simmons, and Kayne West are just a few of the EXTREMELY RICH personalities that have thrown their support at the front lines of the protest. Now I understand that the movement is not against the likes of these Hollywood heavy hitters but… do people that are worth each over $50 million dollars need to do anything more than CUT THEIR SALARIES and CREATE MORE EMPLOYMENT?
Of all the celebrities supporting this movement, none is more (ahem) impressive than a certain former Vice President. Despite making what is estimated to be $100 million since leaving the White House in 2001, multimillionaire investor Al Gore has endorsed the Occupy Wall Street movement.
Here’s what good old Al at his blog Wednesday evening:
For the past several weeks I have watched and read news about the Occupy Wall Street protests with both interest and admiration…From the economy to the climate crisis our leaders have pursued solutions that are not solving our problems, instead they propose policies that accomplish little. With democracy in crisis a true grassroots movement pointing out the flaws in our system is the first step in the right direction. Count me among those supporting and cheering on the Occupy Wall Street movement.
I am sorry Mr. Gore, but I am calling you out on your bullshit! Consider that in 2004, Gore started an investment firm with David Blood, formerly of – wait for it! - Goldman Sachs, the Wall Street securities firm at the heart of the financial collapse protesters are railing against.
This move paid off as Fast Company reported in 2007:
Financial disclosure documents released before the 2000 election put the Gore family’s net worth at $1 million to $2 million. After years of public service–and four kids needing high-priced educations–Al and Tipper used to fret occasionally about money. Not anymore. They have a new multimillion-dollar home in a tony section of Nashville and a family home in Virginia, and have recently bought a multimillion-dollar condo at the St. Regis condo/hotel in San Francisco. Available data indicate a net worth well in excess of $100 million.
It gets better as later that year, he joined a venture capital firm in Silicon Valley, California, to really leverage his wealth. Then the following year, Gore admitted how much he’s investing in stocks to make more money. By 2009, some were predicting the former Vice President could become the world’s first carbon billionaire. So much for the GREEN movement… Add to that in 2010, Gore took some of his newly-made fortunes to buy a $9 million mansion in Santa Barbara clear across the country from where he lives.
Put it all together and there may be no former politician currently living in this country that better exemplifies Wall Street greed than Al Gore. Can someone please explain to me how Al Gore has the nerve to open his mouth about this movement? Is he running for President and I’m just not aware?
For more insight into this story, check out NewsBusters.org.