Multimillionaire Investor Al Gore Endorses Wall Street Protests
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 the Nobel Laureate wrote 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.
This just drips with hypocrisy given the wealth this man has created in recent years investing in companies as he fear-mongered carbon dioxide.
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.
Later that year, he joined a venture capital firm in Silicon Valley, California, to really leverage his wealth.
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, as a result of his investing activities, could become the world's first carbon billionaire.
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.
Add it all up, and there may be no former politician currently living in this country that better exemplifies Wall Street greed than Al Gore.
Yet he's got the nerve to endorse a movement protesting such greed, and the media will likely eat it up like the finest caviar.