What's Important 10

Tenth in a series.

While McCain bashes Obama for being "elitist" and rails at him for allegedly wanting to enact new taxes on the wealthy (he just wants Bush's temporary tax cuts to end), let's look at J. Sidney's own status (as shown on his Senate financial disclosure statement:

The bulk of the McCains’ obligations stemmed from a pair of American Express credit cards that are held in Cindy McCain’s name. According to the disclosure reports, which present information on debts in a range rather than providing a precise figure, Mrs. McCain owed $100,000 to $250,000 on each card.

Another charge card, held by what was described as a “dependent child,” had also accumulated debts of $15,000 to $50,000. In addition, a credit card held jointly by the couple was carrying $10,000 to $15,000 in debt, the filing indicated, at a stiff 25.99 percent interest rate....

Mrs. McCain’s filing, however, indicated that she had substantial holdings in property and stocks — including shares in Anheuser-Busch, which this week became the target of a takeover bid that is expected to send its value climbing. Her land holdings included parcels in Arizona and California, one of which was sold last year for a profit of more than $1 million.

In other filings, the McCains have reported total household assets of $24.6 million to $39.5 million. In recently releasing a summary version of her 2006 tax return, Mrs. McCain reported income that year of more than $6 million, some $300,000 of which was derived from her salary as the chairwoman of Hensley, which was founded by her father.

And that doesn't count her salaries, which only have to be reported as "over $1,000". Or their eight houses.

Who's elite? Who's got an ax to grind over taxes? And who has absolutely no idea of what it's like to live on minimum wage - an eighth - or less! - of what his wife owes on just one of her credit cards?