Obama: The Multi-Millionaire President!
 

http://money.cnn.com/2011/05/16/news...dex.htm?hpt=T2

Obama's money: Heavy on Treasuries

By Jennifer Liberto @CNNMoney May 16, 2011: 5:31 PM ET

"WASHINGTON (CNNMoney) -- A big portion of President Obama's wealth is invested in federal debt, according to a financial disclosure form released Monday.

The president and First Lady Michelle Obama had assets valued between $2.8 million and $11.8 million in 2010.

And between $2 million and $10 million of their assets are invested in super-safe U.S. Treasury securities, according to the disclosure form. That's up from $1.5 million to $6 million reported invested in Treasury notes and bills in 2009.

The report uses broad financial ranges, making a more precise accounting impossible.

The president and First Lady reported no debts.

They also have between $350,000 and $800,000 invested in IRAs and other retirement funds, according to the form.

And the couple has between $200,000 and $500,000 squirreled away in 529 college savings plans for their daughters Malia and Sasha. That's up considerably since the president took office. In 2008, the Obamas reported between $50,000 and $100,000 in such savings.


Much of the Obamas' wealth comes from President Obama's best-selling books "Dreams from my Father" and "Audacity of Hope."

Last year, the Obamas earned at least $1.1 million in royalties from books. On their 2010 tax returns, they reported an adjusted gross income of $1,728,096.

But their book royalties have dropped from 2009, when they raked in more than $5 million in royalties.

The president's children's book, "Of Thee I Sing," published last November, earned him a $134,000 advance. He is donating that money and all proceeds from the book to the nonprofit Fisher House Foundation for a scholarship for children of fallen and disabled soldiers.

Obama's annual salary as president in 2010 was $395,188.

Michelle Obama received $10,000 from a trust called the Henry G. Freeman Jr. Pin Money Fund set up for first ladies, who don't draw a salary. The fund was set up in 1917 to augment presidential salaries. "

wonder how it compares to the GWB wealth

he made money from book royalties? who cares ... better than backroom dealing and stealing.

Wow! Our first multi-millionaire president? Cool.

Not material.

GWB is not the president and why is it that whenever someone asks a question about the ObamaThing that so many reply with things like, "What about GWB?"?

Have we a little fixation going there, what?

Besides, it makes no difference.

They are the same!

http://i487.photobucket.com/albums/r...bama-morph.jpg

Wow!

All this useless information has got me going in the direction of no fucking where.

But hey, I'm getting there really fast.

:1orglaugh

woah slow down there i was just wondering aloud!

WHat I like in these "in betweens" is the gap between the $$'s :upsidedow

"They also have between $350,000 and $800,000 invested in IRAs and other retirement funds, according to the form.

And the couple has between $200,000 and $500,000 squirreled away in 529 college savings plans for their daughters Malia and Sasha. That's up considerably since the president took office. In 2008, the Obamas reported between $50,000 and $100,000 in such savings."

OK, so Obama's father fucked Barbara Bush back then too. So what?

:1orglaugh

Does give one pause, doesn't it?

Ummmm. I have made between $0.00 and $5,000,000.00 today just on one porn site.
So I don't see the problem with those numbers, there is a certain amount of accuracy
there for sure.

:1orglaugh

I'm in between 5'5" and 6'5" :1orglaugh, that shit shounds like and over beefed up dating ad :)

SallyRand: The 68yo grandpa, who hopes 20yo guys will hit on him!

You are a moron.

Do you hate rich people, Sally? I don't understand the negative tone with the article you've posted. We've had dozens of multi-millionaire presidents.

Yeah, but you're an decrepit fake that will go to sleep tonight and fart which
will result in you drowning in your own shit because of your fecal incontinence.


:1orglaugh

WTF, did they cancel the bingo game at the home gramps? You continue to post the most inane shit you can find. Do you have some secret "whogivesafuck.com" site from which you cut and paste the infos?????

I dont like obama as much as anyone but I am happy he is not out begging foreign dignitaries for cash to give his baby's momma. He put money in his children's college fund?????? So he's a good father. There is so much more you could hammer the guy on but you chose the most imbecilic shit...really.


http://baligirls.net/sallyrand.jpg








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:1orglaugh

good luck Mr. President!

$2 million to $10 million - Now
$1.5 million to $6 million - 2009

So he maybe $500k better off now then 2 years ago?

Don't sounds like a huge amount to me:2 cents:

sallyrand is obviously a socialist. can't stand someone making money apparently.

:1orglaugh:1orglaugh

:1orglaugh:1orglaugh

I've just had between 1 and 73million sandwiches for my lunch :upsidedow

Notice that he didn't say anything about Sarah Palin cashing in on winning the VP nomination lottery

Let the excuses flow, love it

You guys keep going after the amount

How many of you think it's honest to have 529 college savings plans for their daughters Malia and Sasha??

you're a dumbass straight out of central casting.

http://en.wikipedia.org/wiki/529_plan

"George Washington was worth more than half a billion in today's dollars. Several presidents went bankrupt."

For an interesting peak at which presidents were the wealthiest, and not, this article shows you each of them from Washington to Obama and just how much wealth they accumulated.



.

:1orglaugh:1orglaugh:1orglaugh:1orglaugh

Fuck no it's not! Those little bitches should earn their keep with a reality show and a stint on Dancing With the Stars.

My boss gave me $401,000 just for being part of the company. Super cool.

Damn dude, I knew TopBucks was doing well but 401k to all employees? WOW.

Just wait until he's out office and will start getting $50-$100k per 30minute speech.

He's not that wealthy as compared to last 4 or 5 presidents.

I wouldn't trust anyone that make more then $50k a year and didn't have 529 for their kids. Its common sense to have one.

I don't know. I can barely keep 2 savings accounts organized. How could someone possibly handle 529 savings accounts? For two girls?!

Which girl gets the extra account? Like the older one gets the 265, the younger one gets the other 264?

You just have to keep equal amounts in each, so like with your 401k you could put $1000 in 401 different accounts.. :thumbsup

http://t1.gstatic.com/images?q=tbn:A...3TeFhSFIooC2EX

this is all the way up there with the "I cleared my cache, deleted my cookies and all I can see is that stupid rickroll video" post. Somebody should put it in their sig :1orglaugh:1orglaugh

That's a total of 1058 accounts for just his girls! He must be spending all his time managing them and none of it presidentin'.

Just because you didn't plan right for your retirement and have to resort to pretending to be a chick on an adult webmasters board at your age, doesnt mean you have to beat others down who are planning the right way to retire and send their kids to college.:2 cents:

LMFAO!!! :1orglaugh:1orglaugh

Really??

I don't get what people are griping about at all. The dude wrote not one but two best selling books. He's making royalties out the ass and wisely investing his funds. At least the dude came from practically nothing and made all the money himself.

Are you guys' implying he's in the pocket of Big Book?

Aren't you at all suspicious that a BLACK 'wrote' two books? And with VERY few pictures.

They canceled the oatmeal, applesauce, and prune juice social at the Senior Citizens Center and now Sally is in a mood

Oh there's a conspiracy theory out there that his books were ghost written.

Theory? Or FACT? A theory is something that is believed with little evidence.

Like evolution or global warming.

Every US president either was a millionaire or will become one shortly. Just four years in office at $400k a year.... Keep in mind they live in the White House and have ZERO expenses for the duration - never fills up a single gas tank or buys a single meal. Then book deals, speaking engagements.... Good gig really.

The president pays for all the first family's meals, genius.

That really has no bearing on reality. They have expenses. Everything isn't free.