As someone who used to be surrounded by Liberals and Neo-Communists all day long, I can say that they use the "penis compensation" excuse for absolutely everything. If a man drives a nice car, he has penis compensation issues. If he has what they determine to be a "trophy wife," he has penis compensation issues. If he has been very successful in business and buys himself a boat, he has penis compensation issues. If he has one gun, not to mention a gun collection, it is penis compensation issues.
And all the accusations are thrown by people with...you guessed it...penis compensation issues. Either due to not having one, not being able to get one, or having one that is shrunken to the size of a three-year-old boy from consuming too many soy lattes.