I've been concerned that there are too many rumors going around about John McCain and I wanted to help set the facts straight. Please forward this email to everyone you know.
THE LIE: Combined, the McCain family has has a credit card balance that is more than $750,000 and their interest rate is 24.49%.
THE TRUTH: The McCains pay off their credit card bills on a monthly basis. The $750,000 figure is also wrong, though it is true that between January 2007 and May 2008, one of the credit cards did reach $500,000 and another reached $250,000.
Also, with a combined net worth over $100 million, most of the credit cards did not have any interest payments at all. Only their Visa, Mastercard, and Saks Fifth Avenue cards (monthly balances ranging between $15,000 and $50,000) charged interest.
THE LIE: McCain purchased two separate $4.7 million dollar condos in San Diego for their own enjoyment.
THE TRUTH: The combined cost of the two condos was $4.7 millon, and one of them was for the kids.
THE LIE: The McCains spent over $500,000 in 2007 on household staff, such as maids and butlers.
THE TRUTH: They increased their household staffing budget from $184,000 in 2006 to only $273,000 in 2007.
THE LIE: The McCains spent $11 million between the summer of 2004 and February 2008 on 13 different residences.
THE TRUTH: They spent $11 million acquiring five residences.
THE LIE: The McCains inherited a business worth $1,000,000,000 from relatives.
THE TRUTH: The McCains inherited assets worth more than $100,000,000 from relatives, but those assets are unlikely to be worth $1,000,000,000.
THE LIE: John McCain gambles away hundreds of thousands of dollars at the craps tables in Las Vegas.
THE TRUTH: While John McCain does frequently play craps in Las Vegas in continuous 14-hour sessions, it is unlikely that he has ever gambled away $100,000 in a single session.