Why The Guardian thinks it has to lie about US politics I’m not sure.
Memoir contradicts Republican Senate candidate’s ‘below the poverty line’ tale
Montana’s Tim Sheehy claims he and wife lived in poverty but own book reveals he had $400,000 to build company
Sigh. “Poverty line” is income in any one year. Not resources, not whatever capital you’ve spent on setting up a business. It’s income.
At a recent campaign event in Whitehall, Montana, the Republican US Senate candidate Tim Sheehy told voters that a decade ago, when he set up the aerial firefighting company through which he made his fortune, he and his wife were living “below the poverty line”.
“My wife and I homeschool our kids,” Sheehy said. “We made that decision several years ago. She’s a Marine, naval academy graduate, she could have a great job and even when our company was tiny, and we … were below the poverty line and making no money, we said: ‘No … the most important job in the world is being a mother.’ And she’s doing that every day.”
So the business is making no money. OK, that’s actually pretty normal at some stage. So, you’re blow the poverty line of $14k per person or whatever it is. Or $25k per family, that sort of level. OK, shrug.
“So, we had amassed a nest egg of close to $300,000. I also had some money that my parents had been putting away for me since I was a kid. All told, we had roughly $400,000 to allocate toward building a business and establishing a new life.”
In 2014, as Sheehy got his company going, the US health department defined the poverty guideline for a family of three in Montana as $19,790. The poverty threshold, as defined by the US Census Bureau, was $19,055.
Great, Saved capital is not, in fact, annual income, is it? Super, so why compare the two?
It is, in fact, entirely normal that people bootstrapping a business fall below the poverty line income at some point. Well, OK, not uncommon at least.
So, why……ah, sorry, election season, this guys an R so any lies or distortions are just fine.