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.
- Noel Sheppard's blog
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Comments
Al is or should be very aware
Submitted by jkwtrading on Thu, 10/13/2011 - 11:50am.
Al is or should be very aware coming home to Tennessee is not in his plans. I doubt the people there will feel so kindly for him.
Well, his daddy was a commie
Submitted by Dave. on Thu, 10/13/2011 - 11:52am.
Like father like son.
-Dave
Vote for the American in November
Give yer head a shake, Al...
Submitted by DumbCanuck on Thu, 10/13/2011 - 11:55am.
We're all rolling our eyes here.
"There... Are... Four... Lights!"
Al, you loon
Submitted by CobraMan on Thu, 10/13/2011 - 12:53pm.
"Count me among those supporting and cheering on the Occupy Wall Street movement."
Hay, Al, after the comment you made about our elected official not accomplishing anything I need to ask you: what, exactly, have the Occupiers accomplished? It sure can't be "raising awareness," for people have been talking about their "issues" for decades.
The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States. The US Constitution
Unless you're a fetus. The US Supreme Court
Or Anwar al-Awlaki.
Correction, Noel
Submitted by WhoIsJohnGalt on Thu, 10/13/2011 - 1:11pm.
Al Gore never occupied the White House.
Not that I doubt your grasp of the facts...just nitpicking.
Al GORE........David
Submitted by killa37 on Thu, 10/13/2011 - 1:13pm.
Al GORE........David BLOOD...........you can't make this up!!! And that other idiot - Tim Robbins - is flapping his gums about 'ripping people off'??? What has ALGORE been doing since he lost his lawsuit to steal the Presidency???
The Greatest Whopper Ever Told
Submitted by dbo on Thu, 10/13/2011 - 1:20pm.
But, but, but Noel. It's not hypocrisy because Gore does not invest for personal gain. I know this because he says so. "Every penny" that Gore has every made has gone to nonprofits. This is because Gore is a Higher Purpose Person and is morally superior to the rest of us.
"I believe that the transition to a green economy is good for our economy and good for all of us. And I have invested in it. But every penny that I have made, I have put right into a nonprofit, the Alliance for Climate Protection, to spread awareness of why we have to take on this challenge. And, Congresswoman, if you’re… if you believe that the reason I have been working on this issue for 30 years is because of greed, you don’t know me."
Testimony before House Energy and Environment Subcommittee, April 24, 2009
Mr. Global Warming is the
Submitted by Walker01049 on Thu, 10/13/2011 - 5:11pm.
Mr. Global Warming is the biggest hypocrite around. Can you imagine him as pres for 4 or eight years? Why we'd have been in the same spot we're in with Obama now only would have happened sooner!
How rich is he after Tipper's divorce lawyer starts on him?
Submitted by drsamherman on Thu, 10/13/2011 - 7:49pm.
I hope Tipper takes him to the cleaners. After that, he will start protesting divorce laws and maybe shut up about his absurd environmental scams.
"I hope Tipper takes him to the cleaners"
Submitted by Dave. on Thu, 10/13/2011 - 9:46pm.
I've been saying that since I first heard about the impending divorce. :-)
-Dave
Vote for the American in November
Al Gore never occupied the
Submitted by bagtree on Thu, 03/29/2012 - 4:12am.
Al Gore never occupied the White House.
Not that I doubt your grasp of the facts...just nitpicking.
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