It’s Not Easy Being Rich

It really must be very hard to be as wealthy as Meg Whitman. You have to hire all these people to look after your money, and your life. And then you have to spend $150 million to become governor to shock doctrine the state. I mean, certainly, that’s part of the deal, right?

Well, for Meg Whitman, as the saying goes, mo’ money, mo’ problems:

Billionaire GOP gubernatorial candidate Meg Whitman has invested her vast wealth in firms that sought to profit from the country’s credit crisis, in venture capital and hedge funds open only to the wealthy, and in oil, gas, healthcare and other concerns seeking to influence state policy.

The first public glimpse into the financial portfolio of the former EBay chief came Thursday, when she filed an economic-interest disclosure required of candidates.

The holdings present potential conflicts of interest for a governor. Whitman spokeswoman Sarah Pompei said the candidate would “likely” move her holdings into a blind trust if she is victorious “and will scrupulously avoid any conflicts of interest.”

Moving investments into such a trust has been standard practice for wealthy officeholders. Whitman’s opponent in the June primary election, state Insurance Commissioner Steve Poizner, has placed his investments in a blind trust. Gov. Arnold Schwarzenegger did the same. (LA Times)

Now, this isn’t really all that surprising. She’s really, really stinking rich. And anybody that rich is going to have wildly diversified holdings, some of them troublesome.  Just ask CalPERS how easy it is to end up with somebody bugging you about your investment holdings.

That being said, this will be troublesome for Whitman, and if I were her, I would have put my investments in a blind trust the day I announced my candidacy. Sure, it’s not required, but it’s just going to turn a lot of voters off.

But there is a benefit of being rich. You get to buy 30 minute infomercials months ahead of the primary. One has to wonder if Michelle Malkin will be live-blogging the “phoniness” of this one like she did with the Obama infomercial.  

Of course, with this infomercial, as we mentioned yesterday, phoniness comes in spades. She’s taking mulligans when she doesn’t answer questions to her liking and “goosing” the audience for applause.

Must be tough to be Meg Whitman.