How does the state of a politician’s personal finances affect your vote?

One Minnesota legislator recently lost her home to foreclosure, while at least one other lawmaker is facing foreclosure proceedings now. Today’s Question: How does the state of a politician’s personal finances affect your vote?

  • DMOX

    How the politician responds to financial issues that influence my vote. If they are going through the same foreclosures that were brought on by the crooked housing & finance industry, and fail to enact legislation to fix such fraud, then they are a joke, and do not deserve my vote. If they are just frivolous, well, that may be a character flaw that would dissuade me as well.

    If they are suffering from the same economic troubles as the rest of us, then all the more reason to elect them to higher office. They know what the people are dealing with, right?

  • Gary F

    Sure they do.

    If someone wants to “soak the rich” and that person gets a bunch of their money from a trust fund in tax free South Dakota, it’s a big deal.

    If someone has been a lobbyist and has worked with clients that may benefit from that person getting into office, it’s a big deal.

    By running for office you open yourself to lots of scrutiny.

  • Philip

    This is the sort of question churches ask when hiring a new pastor or electing a new elder. It’s about trust and having your house in order so that you may be a role model to others and not have your personal financial problems impede your ability to do your job.

    Luke 16:10 “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.”

  • steve

    personal finances do not really affect my vote totally-i try to look what the person stands for and their ideas everybotdy has their pros and cons-personal finances are important yes and how they spend and get their money is important but the weight for voting should be more on ideas and not on finances!

  • Bob Tracy

    It depends on the context created by the policies a politician advances, and the current examples of Sen. Moua and Rep. Buesgens illustrate this perfectly. Sen. Moua has a record of advancing policies that acknowledges people sometimes need help to work through problems that are personal, but in some respects circumstantial. In contrast, Buesgens tended to advance policies that were extreme in ascribing all problematic behaviors to failings in moral character and individual responsibility.

  • Sue de Nim

    Politicians’ personal finances should probaby matter more than their sex lives but definitely less than their policy stances. Unless it reveals some hypocrisy or pattern of irresponsibility, it shouldn’t matter much.

  • Julie

    All the more reason to vote for them.

    They can clearly identify with what the average Minnesotan in enduring.

  • Carrie

    Not at all. Why should it? It’s how they stand on the issues that matters most. Unless of course they’ve committed some sort of crime i.e. Tom Petters or Denny Hecker, what difference does it make? And if by “soak the rich” you mean pay their fair share of taxes, then I say by all means. Mr. Dayton is willing to pay his fair share. It doesn’t really matter how he earns his money, as long as it is legal, which of course it is.

  • Kevin VC

    I would say any politiician who goes through the same pain the average Joe went through is well worth their weight in gold.

    It makes it clear that no mater how well intended these loans and Deregulations that occured during BUSH baby’s administration was toxic to out economy.

    Case in point the two I am living with were given a loan that had a varriable interest rate, it was NOT becuase it was the only one they qualified for, but the paper work and regulations were removed under BUSH. It was easier and faster.

    They ONLY learned of this loan on the day of the signing and its terms, too little time to realize what the Realtor did and why…. And in reality they COULD have qualified for other more favorable loans. But the pressure to sell and sell fast was pandemic in the industry.

    The Realtor who they trusted to help guide them, was only interested in his Quota…. They got screwed.

    AND many others (if not most) went through the same thing. THAT’S THE REALITY that has yet to really be heard in the news.

    The banking industry and Realty industry KNEW this was coming years ahead, it just hit faster then they were willing to admit.

    So a legislator who sees the effects of De-regulations FIRST hand and its damaging effects I think is a guardian of the people and their protection.

    In a world where one in 10 and in some areas one in 4 have gone through bankruptcy it would also be nice to see someone who went through the pain of that in our government.

    Thus representing that area of the population with its unique deep understanding..

    And I care not if Republican or Democrat. Sink or Sail together, we work together to set our course.

  • loaliowLica

    so informative, thanks to tell us.