@ ronnie sandy, utahWhat is your effective tax rate?
I'm not surprised that their networth has dropped 50%. He has managed to
destroy the net worth of the United States and anyone else that had some
savings. The only peole benefiting in this economy are the rich (like obama,
biden, pelosi, Romney, Bush etc). And those on welfare that somehow get
"raises" when the rest of us had to do without a raise this whole
time.Which leaves you one of two options. Become filthy rich or give
up and live on welfare.
After hearing about Mr. Obama's portfolio, he needs to have lunch with Mitt
Romney or Al Gore.SCfan,Read about Fabian socialism and Sol
Olinski (sp?) and get back to alt134.
To "ToddCohen" I am trying to figure out how Obama can be a self made
millionaire if his grandparents paid for him to go to an elite private High
School, he then went on to a private and expensive private universities, and
ended up at Harvard. Please tell us how he can be considered self made with all
of the private education and funding he received from others?Also,
if you read his book or look into his college years, it seems that he
wouldn't have been able to do what he did without special minority
programs. So again, how is he self made if he had so much just given to him?
Was the index finger photo shopped in, in the picture.
Most of his money was made from his books. Good for him. American Dream,
We should only hope that America is as good to us as it has been to Obama. At
least we should at least hope for the opportunity but I am afraid that
today's twenty and thirty year olds will be unable have those
opportunities. The American dream has always been that it can happen to any and
all. Good luck on having that FEMA come true
@utealumniGo back to the U for some math classes. If you are making
400,000 a year for 4 years and you have virtually no expenses (food and board is
paid for at the white house) then you are making 1.6 million over 4 years. Only
takes another 300,000 from previous investments, income etc... Not too hard to
get to that 1.9 million mark at that rate. Pretty much guarantees that any
president will be in the top 1%.
@dumprake - that was satire... right?And I particularly like all
these "doesn't get capitalism" statements. The coming from the Buy
Gold crowd.... doom and gloom must be around the corner because my radio tells
me so. Problem is the stock market if up over 100%. New Florida homes are
back selling for more than they did before the crash... and nationally they are
up 6 percent just this year so far. Unemployment is coming down. And
gold....still waiting for the total collapse of the US dollar... Please...
capitalism is roaring ahead full steam. its just some forgot to get onboard
because they were too busy waiting for the sky to fall.I do find it
funny that this piece pegs 200K as not enough for a decent college education.
Both Obama's made it through some of the top colleges in this country
without a 200k tail wind behind them. I think their daughters will be just
Only 15% of his portfolio in stocks? This is NOT being bullish on America but
quite extraordinarily bearish. Typically, those his age and with his wealth
would have more than 50% of their portfolio in stocks.
@dumprakeWho really knows capitalism? Do you? Does Romney? When I,
who am not rich and pay a higher federal tax rate than Romney, am concerned. I
know Romney is less about capitalism but is more about greed and the continuance
of loop hole tax rates. At least Obama is for the application of reasonable tax
upon the greedy, I mean the capitalists. Another point, if Obama is so bad for
capitalism why has the stock market increased more in his presidency followed by
Clinton than at any other time in recent memory. Some of those who comment on
these issues need to get facts straight.
Cannot recall the public advising George Bush and other presidents of days gone
by how to invest their money.No one has ever done to any other President,
what they are doing to President Obama.The mantra of "NO" is all
consuming toward the leader of our country.
Todd, "self-made man?" "living the capitalist dream?" Really??
There is nothing self-made about this guy, not even the "hollywood/msnbc
manufactured" image, including the ghost writer book deals that you and half
the country bought into. His entire career has been either teaching, community
planning (social engineering), or politics. Other than back alley
"underthetable" deals and war chests, where do any of these career paths
lead to vast amounts of wealth and the capitalist dream? There is nothing
industrious, enterprising, or even managerial about Barry. In fact, it could be
argued his disclosures show a rather bleak picture for someone of his
"background and influence." The estimated range of assets is a pretty
broad range with the low end at only $1.9 million. Considering that he's
able to stash most of his $400k salary (less taxes) while in office, because
almost all expenses are covered, his cumulative net income could be the extent
of his net holdings. Talk about lack luster and lazy. I think it's rather
telling that he really doesn't understand business, investing, or
He's not making money investing. The guy truly is in touch with the common
Happy Valley Heretic:I thought liberals were supposed to be open
minded? Yet at the first sign of an opposing point of view you resort to name
calling. I promise not to point out the irony of you claiming the previous
posters misapplied the words communism and Marxism while you label them
birthers. Do you know that? Or did you assume?Typical liberal
response - lose the argument and resort to name calling.
I now understand why the repeal of the STOCK Act (Stop Trading On Congressional
Knowledge) was not vetoed by Obama. 15% of investments in stocks. That
does not mean Obama is bullish on the economy as this article suggests.
There were many that made out like bandits in the market when the economy
tanked. Some made billions of dollars in the collapse.With much
Publicity all in Congress promoted how they were behind the STOCK Act becoming
law, Some saying it did not go far enough, how it was unfair that people
with inside knowledge could trade stocks on that knowledge. The Act was
passed and signed with much fanfare. Then, when americas attention is focused
on the Boston Marathon Bombing, Congress unanimously, quietly, and quickly
repealed it. Once more proving that the persons they went to Washington to
serve, was themselves.
@dumprake Lazy? Really? This is nothing compared to what he will make on
the speaking circuit.
Happy Valley Heretic,If you think commentators here got their
dislike from Obama by believing the Main stream Media, then I'm afraid
you're in for a big surprise.ToddCohen,Would you
please tell us how to find Obama's school records? Just to verify his
American Dream education. As far as sacrificing for tomorrow, it seems by his
government spending habits that he's sacrificing tomorrow for today.
How does anyone really know about the Obama's finances...news stories? Not
sure comments made here are based on accurate info. Pres. Obama supposedly
blocked disclosure of his school grades...so maybe that would give a clue as to
his understanding of economics. Of a truth,I feel, there is much hypocrisy among
those who think they know what is best for others, but will not apply the same
to themselves, such as with those created and signed off on "Obamacare."
As I understand it, our lawmakers have a much better plan in place for
themselves, and the American people are paying for it; now there's
something for them to be ashamed of, and that needs fixing!
Re: atl134Ok so tell us the "first" thing about Marxism and
Obama. We'd all like to know.
@ToddCohen, Your absolutely right, but of course your speaking to birthers above
who only believe what the Main stream Media (Faux) tells them to believe, never
mind facts or even knowing what marxism, socialism, communism are.Obama is proof that you can succeed in America. By the way America
is NO purely Capitalistic society so maybe he does understand capitalism better
than the armchair politicians here.
Hello? Doesn't the President and his family have to put their investment
holdings into Blind Trust Management. In that situation he has absolutely no say
in his investment portfolio activities. He can't even let anyone on his
staff have a lunch with an employee of the firm managing the trust.Most trust managers are very lazy in these type accounts. That's so the
account doesn't lose any money during the period of the trust. So
sheltering under the umbrella of very safe investments is a good strategy for
the manager.As a side note; that is the same for a lot of governors
as well. Mitt Romney's investments were in one when he was with the
Olympics and as Governor of Massachusetts. While it was under the trust
management the fund picked up some Fannie Mae holdings. When he was asked about
those investments he denied any knowledge of them. Upon checking it was learned
the trust manager did those investments. He was forbidden, by law, from telling
Romney anything he did. In some areas public office can be problematic.
ToddCohen,Obama may be a self made man who has lived the capitalist
dream, but he's ruining that dream for a lot of people right now...mainly
because he doesn't understand capitalism.
Hard work in cuurupt business is not as glamorous as Todd thinks. Romney's money was at least honest. Bush's... Not so much, during
and after his presidency.After his Presidency, Obama is set for life
with his investmentments in companies he bailed out or funded. Just like Bush.
Wow, you guys are really jealous of a self-made man--Obama--who has lived the
American capitalist dream. Obama wasn't born into privilege and access like
Romney, Bush 1, or Bush 2. He forged his own path--working hard, sacrificing for
tomorrow, focusing on education, supporting his communities, and building a
strong family. If you don't think those are "conservative"
ideals, then you are right.They are apolitical goals that lead to success.
And if Obama is described as a lazy investor - I think that's a good
thing. He's more worried about leading his country than adjusting his stock
@alt123go ahead, keep backing this pres....as he keeps sinking
faster and faster.....how much proof does one need....oh thats right, hes a dem,
they dont make mistakes, or even care where our country is headed....because
half the US doesnt care either....sad state we are in!!!!!
It is not what he makes in the White House it is what he will make after he
leaves with his personal contacts with the Automobile Industry, Unions, Wall
Street and Bankers plus the yet to come benefits of the Obamacare, whether he
cares or not.He has a wide range of possibilities with the great
educations they have received in one of the best countries in the world since
they were in school in the United States of America from grade school to their
advanced degrees. They have really had a great life to be in the one percent
that they didn't like about Mitt Romney. To have this Administration still
complaining that Mitt Romney is the one that has caused the President the
Benghazi incident is just like his lazy investing, lazy in the situation room,
maybe. The President should have gotten an MBA to help the Akorns
of the world take advantage of all those public funds waiting for organizations
that want to throw mud on American's faces due to the people in the top 1
percent. It is hard to live in this such abundant country that gives so much to
@dumprake"he's a Marxist for crying out loud. "You clearly don't know the first thing about Marxism, or Obama... or
this guy had nothing until he got into politics...... wonder how that happens on
$400k a year
Ya, a lazy investor, a lazy president. But don't look to this guy as a
barometer on the US economy; he's clueless about capitalism, he's a
Marxist for crying out loud. He's worth millions and beats up on anybody
else with money? He should donate all his money to the federal budget and live
like Marxists are supposed to--without much of anything.