In the post below, I did not mention that one of the things Sen. Rubio did with his book advance money was spend $80,000 on a speedboat. Something the senator said fulfilled a life-long dream. Here is the $80,000 speedboat.
I kinda think Sen. Rubio got a little screwed in the deal. But just as I am not a tax expert, I'm not a speedboat expert either.
In less than a week, it seems obvious that The New York Times is just a little worried about Sen. Marco Rubio and his quest for the Republican 2016 presidential nomination.
Now we learn that Sen. Rubio and Jeannette Rubio were, well a kinda struggling young couple with student loan debt, a mortgage and even an extra loan against the value of the said home.
But an $800,000 advance from the publisher of his book, American Dreams, appeared to be his financial salvation.
Understand that the article is to imply that Sen. Rubio is not all that great with his own money. So how can he be that great with the money of the American taxpayer if he should become president?
Sen. Rubio does have a reasonable explanation about what some see as kinda sorta shoddy finances. From the article:
In private conversations, Sen. Rubio has told friends that he learned how to manage money through trial and error. His poor, immigrant parents - his father a bartender, his mother a hotel maid - had little money to manage.
Thus it is safe to say that a man who actually went to college to become an attorney and not a CPA did not have the best of role models one can suppose.
What I like is his written response to The Times:
Our primary financial motivation for the last 15 years has to been to become wealthy. It has been to provide for our children a happy upbringing and a chance at a great future.
What this paints Sen. Rubio as is a regular, middle-class guy who has not always been great with money but has the priorities in the right place. providing for his family and taking care of his children's future.
The article notes that the Rubio's have now opened college savings accounts for their children, put away $150,000 and given $60,000 to charity.
No question, Sen. Rubio has made mistakes along the way.
Sen. Rubio used personal credit cards to pay for his campaigns. He said that was a mistake.
Sen. Rubio appointed Jeannette Rubio to be the treasurer of a political action committee. He said that was ill-advised.
Sen Rubio used GOP credit card to pay for a paving project and travelling to a family reunion. He said it was a accident that he did such a thing.
And in the book, American Dreams, Sen. Rubio admitted that he has a lack of bookkeeping skills and an imperfect accounting system.
Part of that, I suppose, is to depend on relatives. Not particularly a good thing.
Now that Mrs. RVFTLC and I are home owners, I do not even venture to do our taxes. I hire a non-family but best friend with an accounting background to do my taxes. I do not pretend to understand it so I have someone else do that.
Maybe that is the mistake of a young up and comer like Sen. Rubio.
To depend on himself too much when he needed to let someone else handle the family finances. To depend on family when he probably should not.
It does not mean that Sen. Rubio can't make a case for fiscal restraint at the government level.
I am not suggesting that The New York Times should be a lap dog for Sen. Rubio or any other candidate. But come on!
So much of this is petty and in a strange way suggesting that only older, wealthier people should even consider running for office, especially the presidency.
There seemed to be a kind of quaintness when the current occupant of the White House, the Dear Leader, President Obama, talked about having some of the same struggles not unlike Sen. Rubio. And a lot of the Dear Leader, President Obama's financial problems went away when he was given advances for his two books.
But that is not the case for Sen. Rubio.
The New York Times wants you to know that the family Rubio are a bunch of crazy driving spenthirfts.
Which means only one thing.
The New York Times and the leftywhore media are a wee bit scared of Sen. Marco Rubio.