Obama Car Czar: Sheldon Silver's 100G+ Assembly Pay Wasn't 'Full-Time' Salary

According to the most recent information available, Steve Rattner's net worth is at least $188 million. So perhaps it's not surprising that the hedge fund partner and former Obama car czar, who flies his own private jet, doesn't deem $100G+ per year to be a "full-time" salary.

On today's Morning Joe, commenting on the arrest of Dem NYS Assembly Speaker Sheldon Silver on bribery charges, Rattner claimed that "they don't pay these guys full-time salaries. They pay them, I think, $112,000 a year."  In fact, as Speaker, Silver was pulling down $121,000.  The median annual income in the US during the fourth quarter of 2014, assuming a 50-week work year, was $39,950.

Rattner went on to argue that because of the supposedly non-full time pay, New York legislators are "allowed to have outside employment. Once you're allowed to have outside employment, where is the line?"

Rattner [who has had line-drawing issues of his own] could try this for the line.  If you're a lawyer like Silver, doing house closings is OK. Accepting millions for doing no work in return for legislative favors is a crime.  

STEVE RATTNER: [T]he fact is they don't pay these guys full-time salaries. They pay them, I think, $112,000 a year and allowed to have outside employment. Once you're allowed to have outside employment, where is the line? 

Crime Economy Wages & Prices MSNBC Morning Joe

Sponsored Links