Saturday, August 30, 2008

A True Maverick: No Prenuptial

I knew that McCain dumped his disfigured first wife for a much younger wealthy one, who would then go on to finance and promote his campaigns; and I knew that she is reportedly worth $100 million (Not that they're elitist: they both are excellent bowlers and despise arugula); I also knew that when he had to declare assets, hers were not included. What didn't dawn on me is why: They have a prenuptial. McCain would be the first president to ever have one. Hooray!!!!!

There's good and bad to this for him politically. For instance, from CBS News:

As heiress to her father's stake in Hensley & Co. of Phoenix, Cindy McCain is an executive whose worth may exceed $100 million. Her beer earnings have afforded the GOP presidential nominee a wealthy lifestyle with a private jet and vacation homes at his disposal, and her connections helped him launch his political career - even if the millions remain in her name alone. Yet the arm's-length distance between McCain and his wife's assets also has helped shield him from conflict-of-interest problems.

It was loans from Cindy McCain bank accounts that helped him survive a 1982 House race, his first election. Anheuser-Busch also helped in the process:

Anheuser-Busch's political action committee was among McCain's earliest donors. Cindy McCain's father, James Hensley, and other Hensley & Co. executives gave so much the Federal Election Commission ordered McCain to give some of it back. McCain's campaign used Hensley office equipment such as computers and copiers, and Cindy McCain personally paid some of the campaign's bills.


We don't know what he gets from his wife financially because she is not on the return, but by not having joint accounts, we do know that McCain can't spend her money on the campaign trail. Just think: If they didn't have a prenup, he could spend up to half of their assets!

Anyways, what a Maverick by having a prenup! And please remember, he did, after all, get his act together after a tough stint in Vietnam, picking himself up by his own bootstraps to dump his first wife, and then proceeding to marry his well-connected, immeasurably (Really, They won't let us see how much she's worth) wealthy mistress! This guy is a true Maverick.

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