Tuesday, November 22, 2022

Biden Back at Rubenstein's Nantucket Compound

President Biden will celebrate Thanksgiving at the Nantucket estate of private equity underwriter David Rubenstein, co-founder of The Carlyle Group.  Rubenstein's preferred carried interest taxation remains in force, thanks to the Blue Lucys.  Uncle Sam helped Rubenstein build his billions in wealth, indirectly and directly.  Carlyle located in D.C. to have greater access to Uncle Sam's wallet and elected officials.

Biden stayed at Rubenstein's estate in 2014, 2016, possibly 2019, 2021 and 2022.  

Update 11-24-22:  Speculation formed as to whether Rubenstein and his new lady friend would dine with the Bidens during the holiday.  DailyMail only found the 2014 stay.

Update 12-27-22:  Biden spoke at the Kennedy Center Honorees reception in the East Room of The White House.

And a special thanks to our friend David Rubenstein.  David, you’ve become a friend.  (Applause.)  David — David is Chairman of the Board of the Kennedy Center here and probably puts more time in there than does in his business.  But thank you, David, for all you do.

U2's Bono, a PEU with Elevation Partners, was also honored at the event.