Writers offer personal finance advice to Obama

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  • Liberal Ted Salt Lake City, UT
    May 21, 2013 1:48 p.m.

    @ ronnie sandy, utah

    What is your effective tax rate?

  • Liberal Ted Salt Lake City, UT
    May 21, 2013 11:32 a.m.

    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.

  • Owl Salt Lake City, UT
    May 20, 2013 1:50 p.m.

    After hearing about Mr. Obama's portfolio, he needs to have lunch with Mitt Romney or Al Gore.

    Read about Fabian socialism and Sol Olinski (sp?) and get back to alt134.

  • RedShirt USS Enterprise, UT
    May 20, 2013 12:40 p.m.

    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?

  • george of the jungle goshen, UT
    May 19, 2013 6:31 p.m.

    Was the index finger photo shopped in, in the picture.

  • mattrick78 Cedar City, UT
    May 19, 2013 7:10 a.m.

    Most of his money was made from his books. Good for him. American Dream, right?

  • high school fan Huntington, UT
    May 18, 2013 10:26 p.m.

    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

  • Hamath Omaha, NE
    May 18, 2013 2:25 p.m.


    Go 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%.

  • UtahBlueDevil Durham, NC
    May 18, 2013 1:26 p.m.

    @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 fine.

  • Max Charlotte, NC
    May 18, 2013 12:56 p.m.

    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.

  • ronnie sandy, utah
    May 18, 2013 11:07 a.m.


    Who 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.

  • no fit in SG St.George, Utah
    May 18, 2013 10:46 a.m.

    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.

  • CabezaMan Cottonwood Heights, UT
    May 18, 2013 12:41 a.m.

    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 governing.

  • Hutterite American Fork, UT
    May 18, 2013 12:06 a.m.

    He's not making money investing. The guy truly is in touch with the common man.

  • agb Layton, UT
    May 17, 2013 10:37 p.m.

    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.

  • JimInSLC Salt Lake City, UT
    May 17, 2013 10:25 p.m.

    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.

  • mattrick78 Cedar City, UT
    May 17, 2013 6:19 p.m.

    Lazy? Really? This is nothing compared to what he will make on the speaking circuit.

  • Riverton Cougar Riverton, UT
    May 17, 2013 6:12 p.m.

    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.


    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.

  • DRay Roy, UT
    May 17, 2013 5:28 p.m.

    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!

  • SCfan clearfield, UT
    May 17, 2013 5:04 p.m.

    Re: atl134

    Ok so tell us the "first" thing about Marxism and Obama. We'd all like to know.

  • Happy Valley Heretic Orem, UT
    May 17, 2013 4:52 p.m.

    @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.

  • Arizona Border Dude NACO, AZ
    May 17, 2013 4:35 p.m.

    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.

  • joe9 MAPLETON, UT
    May 17, 2013 4:18 p.m.


    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.

  • wwookie Payson, UT
    May 17, 2013 4:16 p.m.

    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.

  • ToddCohen Salt Lake City, UT
    May 17, 2013 3:59 p.m.

    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 portfolio.

  • mightyd Hurricane, UT
    May 17, 2013 3:12 p.m.


    go 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!!!!!

  • JWB Kaysville, UT
    May 17, 2013 3:06 p.m.

    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 the world.

  • atl134 Salt Lake City, UT
    May 17, 2013 3:04 p.m.

    "he's a Marxist for crying out loud. "

    You clearly don't know the first thing about Marxism, or Obama... or both.

  • ute alumni paradise, UT
    May 17, 2013 1:58 p.m.

    this guy had nothing until he got into politics...... wonder how that happens on $400k a year

  • dumprake Washington, UT
    May 17, 2013 1:23 p.m.

    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.