One thing we tend to take for granted, if nothing else, is that the 43rd president is a wealthy man. After all, that's the reward of a lifetime's work running companies into the ground and then handing them off to your dad's cronies. But if you look at his most recent federal financial disclosure form from May 2004, you'll see that a good percentage of President Bush's personal wealth is tied up in (horribile dictu!) US Treasury notes, i.e., a worthless stack of paper/IOUs.
How ole' 43 let himself get into such a financial crisis it's hard to say. But perhaps it explains some of the belligerence?
[Special Thanks to TPM reader AP for the tip.]
[ed.note: Unfortunately, federal financial disclosure forms only includes ranges of value for a given asset, not the exact dollar amount. But perhaps some enterprising blogger -- or even, reporter -- should print out the form, get out the calculator and come up with a rough figure for how much of Mr. Bush's wealth is tied up in this funny money.]