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Asked to put a personal price-tag on the economic meltdown, Democratic Rep. Carol Shea-Porter said yesterday that her 401K has tanked, while Republican Jeb Bradley said he is stocking up on wood for the winter.
"It's been miserable. I'm from the middle class, my husband's a government employee, all of our money is in a 401K in one of the troubled banks," Shea-Porter said during a televised debate sponsored by the New Hampshire Union Leader and WMUR-TV. "My kids have school loans, we have a house loan, we have car loans, it's been very, very difficult."
But multi-millionaire Jeb Bradley bought more wood, so that's the same as Carol Shea-Porter's (and many of our) 401ks vanishing away.
Now, I'm not knocking buying wood to offset heating costs; in fact I did the very same thing by adding a cord to my usual load. But for a clearly wealthy person to say that he's adding to his wood purchase to offset other energy costs doesn't pass the sniff test. Wealthy proponents of "drill, baby, drill", who are not pinched by the rising price of oil, are not, I imagine, going to be willing to go through the significantly greater daily effort and labor of heating a house with wood. For me and some of my friends, who literally were forced into the decision because we don't know how we can pay the electric and/or oil bills this winter, there really was no choice.
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