The evil of making money

Matthew Hoy
By Matthew Hoy on June 16, 2007

Since 1993, Bill and Hillary Clinton have had a blind trust that -- like the stock market -- has made money. As part of her presidential run, the Office of Government Ethics told Sen. Clinton that she had to de-blind the trust and reveal its contents.

The trustees did their job -- and made the Clintons money. The problem is that some of the stocks the trustees chose are "evil."

The blind trust held stock in pharmaceutical companies, including $250,000-$500,000 in Biogen Idec and Johnson & Johnson and $100,000- $250,000 in Amgen, Pfizer and GlaxoSmithKline. It also invested in General Electric and Raytheon, two leading defense contractors. The trust had a varied portfolio, with investments in numerous other companies, including Exxon Mobil, BP Amoco, Walt Disney and eBay.

Big Oil? Big Pharma?

Hillary was railing against the oil companies and their enormous profits -- and she was raking in the cash herself!

Of course, there's really nothing wrong with any of this, unless you've been a demogogue on the issue. Unfortunately for Sen. Clinton, she has, repeatedly, for years.

The Clintons have decided to cash out (if the market tanks on Monday, what will the conspiracy theorists say?) and take a substantial tax hit. It's unclear whether that tax hit will wipe out the Clinton's immoral profits.

Don't hold your breath waiting for the Clinton's to donate a bunch of those immoral dollars to charity.

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