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In His Own Words, Joe Biden Was ‘Seduced by Real Estate’. The Democratic presidential candidate spent decades buying ever-larger houses, frequently stretching his personal finances
Wall Street Journal ^ | February 28, 2020 | Julie Bykowicz

Posted on 02/28/2020 8:33:03 AM PST by karpov

WILMINGTON, Del.—The purchase of an abandoned 10,000 square-foot DuPont mansion in an affluent Wilmington suburb may have been a stretch for a 32-year-old widower and father of two commuting daily to Washington for his job as a U.S. senator.

Then again, Joe Biden readily acknowledges that his passion for real estate occasionally overtook his common sense.

The son of a car salesman who was under frequent financial duress, Mr. Biden has seen up close what it looks like to scrape by. He also knows what it feels like to be worried about his mortgage payments.

As Mr. Biden faces a make-or-break moment for his presidential campaign Saturday in South Carolina, he has emphasized that background, trying to draw a contrast with primary rivals who include two billionaire businessmen.

The former vice president has cultivated a decadeslong brand as “Middle Class Joe” and often referred to himself as “one of the poorest members of Congress.” But Mr. Biden’s financial struggles, compared with many of his colleagues, weren’t just a product of his reliance on a government salary. They also stemmed from his penchant for buying stately houses, a Wall Street Journal review of public records and interviews with his current and former associates found.

Mr. Biden’s efforts to live like some of his wealthier Senate colleagues at times led him to borrow money against the value of his homes and life insurance policies, and he routinely reported a negative net worth.

Unlike many of his former colleagues who left office after a term or two and joined the private sector, Mr. Biden, 77 years old, served 44 years in office. After his vice presidency ended, he earned more than $15 million in two years from speeches, teaching positions and book deals.

(Excerpt) Read more at wsj.com ...


TOPICS: Front Page News; Politics/Elections
KEYWORDS: biden; bidencorruption; bidencrimes
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To: karpov
Unlike many of his former colleagues who left office after a term or two and joined the private sector …

The WSJ makes it seem like these former colleagues of Biden's are doing the "honorable" thing and leaving voluntarily. Usually, they've lost a re-election bid, got indicted, or leave in a wooden box.

And the ones who do leave voluntarily, do so because they have a lobbying job lined up that's even more lucrative than their job on Capitol Hill.

41 posted on 02/28/2020 10:56:48 AM PST by mellow velo
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To: karpov

even after all of thieving and the bastard is still whining he is broke


42 posted on 02/28/2020 12:18:19 PM PST by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT!)
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To: karpov

Right, as if he was just getting by. After decades of shoveling ill-gotten, well, ultimately, billions to his near relatives.

Puh-lease.


43 posted on 02/28/2020 12:18:40 PM PST by 9YearLurker
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To: JBW1949
Has Biden ever held a real job??? Ever???

Why yes he has. His first job out of HS was at a winery. He was a cork soaker

44 posted on 02/28/2020 12:19:50 PM PST by eartick (Stupidity is expecting the government that broke itself to go out and fix itself. Texan for TEXIT!)
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To: karpov

Living paycheck to paycheck just like he did back in Scanton Pa..when he would take the A train in order to return a penny to someone who loaned it to him.
What an average guy!


45 posted on 02/28/2020 12:20:43 PM PST by Leep (Everyday is Trump Day!)
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To: 9YearLurker
It's magical how violins begin playing softly and tears drop from out of nowhere when this poor man's quest for the American Dream is read. Just a simple man. With a simple plan... 🎻 😢 Please pass the 🍿
46 posted on 02/28/2020 12:27:55 PM PST by smvoice (I WILL NOT WEAR THE RIBBON.)
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To: karpov

He is still seduced by real estate. He wants the White House.


47 posted on 02/28/2020 9:34:18 PM PST by AJFavish (www.allanfavish.com)
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To: GnuThere

...Biden Was ‘Seduced by...

Luke 12:18
And he said, 'I will do this: I will tear down my barns and build larger ones, and there I will store all my grain and my goods.

48 posted on 02/29/2020 5:27:45 AM PST by Elsie (Heck is where people, who don't believe in Gosh, think they are not going...)
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To: karpov

Joe was “seduced by real estate.” His brother asked if she had a sister!


49 posted on 02/29/2020 8:12:46 AM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: RasterMaster

LOL! We need Hillary’s nomination night O-face in there, too!


50 posted on 02/29/2020 8:14:55 AM PST by BradyLS (DO NOT FEED THE BEARS!)
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To: karpov

Naturally, he just had to go on the take. He sympathizes with working families who are not in a position to accept bribes from anyone, as he frequently is.


51 posted on 02/29/2020 8:44:05 AM PST by Eleutheria5 ("SHUT UP!" he explained.)
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To: karpov

I’m seduced by Pringles.


52 posted on 02/29/2020 8:44:58 AM PST by MayflowerMadam ("Worry does not empty tomorrow of its sorrow; it empties today of its strength" - Corrie ten Boom)
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To: Paladin2

Re “Biden is a corrupt Taker...” I hope the next “Taker he meets is Mr. Under Taker” and his “real estate” deal is a plot with 6 feet of dirt over him.

When I was younger, I used to think that Joe Biden might actually be a moderate, sane Democrat politician. Boy did he fool me and most of the country.

Time for him to go, leave the political scene, either by walking out on his own two feet, or being carried out without using his feet. Either way works for me but the latter one is more permanent. However, being a Democrat, he will be voting for many years in Delaware, dead or alive, sane or insane, and/or both.


53 posted on 03/01/2020 12:39:08 AM PST by MadMax, the Grinning Reaper
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To: Trump.Deplorable

The Corn Pop story I will always remember fondly as a classic bit of Biden self-memorializing,something the Lefty elites have always been good at, since it’s just second nature to them. Clinton saying that he and his progressive buddy would go sit at the back of the bus intentionally just to show their support of Rosa Parks & Co.


54 posted on 03/02/2020 1:32:47 PM PST by supremedoctrine
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To: Eleutheria5

to claim poverty after 40 plus years in the money trough known as Washington DC you are Mother Theresa caliber character or a type of stupid so deep and dark gravity does not escape


55 posted on 03/02/2020 7:22:01 PM PST by slapshot ( Speaker Ryan was a sober and less tan version of John Boehner)
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