Cindy McCain makes out like a bandit on Bud-InBev deal

I joked about this yesterday in comments to a post at Washington Monthly, but it’s the real deal!

John McCain’s wife owns $2.5-5 million of A-B stock in addition to being heir to the nation’s third-largest Budweiser distributorship.

The stock has gained almost 50 percent from a February low of $47 to $67 Monday, with InBev’s final offer of $70. So, if Cindy McCain owned “just” $2.5 mil, she just cleared a cool $800,000. If her holdings are at the top of that range, she just gained $1.6 million.

Meanwhile, can Missouri Sen. Claire McCaskill get off the wahhmbulance over the deal? It’s not primarily a weak dollar. It’s an underperforming company with crony capitalism management.

Beyond that, get off the hypocrisy of both dollar patriotism, and political exploitation.

This Bud is for all you naïve hyperpatriotic suckers

Otherwise known as “For a Few Dollars More, St. Louis Version.”

After trotting out every patriotic flag in the book, and getting Missouri’s Congressional and Senatorial delegations to follow suit, Anheuser-Busch decided it was hunky-dory. with a takeover by InBev, for a few dollars more of $70 a share rather than the original offer of $65.

You flag-waving hyperpatriotic types got a well-deserved hypocrisy smackup.