Obamas’ net worth jumps 438% since taking office

One of the great things about America is that just about anyone can become wealthy through great ideas and hard work. You’d think that would be celebrated, but one of the most divisive themes emanating from liberal progressive socialists — especially President Obama — is resentment against the wealthy, the one-percenters and those who “did not build that.” We’re constantly bombarded with empty speeches about shared prosperity and income inequality.

So add to that list of the wealthy one-percenters the president himself. According to financial disclosure forms released this week, the president and first lady listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, as reported by International Business Times.

I can’t help but note that the Obamas’ net worth at the end of 2007 was “only” $1.3 million. The $7 million figure represents a 438% increase! Yes, I’m sure that’s change he can believe in, but what about the rest of us?

I don’t begrudge the Obamas – or anyone for that matter — but I do have an issue with the apparent “do as I say, not as I do” mentality that drives the messaging of progressive socialists. It’s as if a new soviet-style politburo is being established, one of political, media, and entertainment elites — and the rest of us schmucks for whom they possess a certain level of disdain.

The Obamas reported income of $503,183 in April last year, of which $400,000 is the president’s salary of $400,000. In the financial disclosure form, which permits public officials to list their assets in broad ranges, the president reported outside income from book royalties, including Dreams from My Father, The Audacity of Hope and Of Thee I Sing: A Letter to My Daughters

    , and investments worth between $180,000 and $482,000. Their assets also include Vanguard retirement funds and college savings plans.

    The president also reported a 30-year mortgage of between $500,000 and $1 million on his Chicago residence at a 5.625 percent interest rate – gee, is this the same house sold to the Obamas by Tony Rezko?

    I’m truly glad the Obamas have achieved the American dream of becoming millionaires. I just wish they would get out of the way and afford other Americans the opportunity to achieve the same — and stop with the progressive socialism that seeks to make us average, not exceptional.

    Who says politics doesn’t pay?

26 COMMENTS

  1. Ask anyone of the Politicians in Washington how quickly their wallets fill out. Start with harry reid. He is one of the guys who is up to his neck is sweetheart land deals with the Chinese along with his son. The ask nancy pelosi who gets sweetheart deals for hubby

  2. But how was this done? Theoretically, he’s been working full time as POTUS, so it’s not his day job. Shouldn’t this raise some red flags…. if our elected officials gain over 5 million in net worth in about 7 years, doesn’t that warrant some sort of investigation?

  3. In 2013, $3.21 billion of lobbyist money ran down the Wall Street to Washington cash pipeline into the pockets of our government officials. That’s nothing new. I have read reports that Emperor Barry’s net worth was as much as $12 Million at the end of 2013. Reid and Pelosi operate much the same way pushing or blocking legislation to benefit their corporate benefactors. Lots of information available about this and way too much to post here. People don’t want to get elected to Congress to represent the people, the candidates simply want to position themselves to gluttonously gorge themselves at the public trough.

  4. I don’t understand how that is possible. How did he make all that money in that short period of time? I understand making money on speeches after you leave office, but how does he earn that much while he’s still in office?

    • its called insider trading. Its criminal for you and I but it’s commonplace for the ruling class

      • I know that’s one way the congressmen and senators get rich, but I thought the president has put all their assets in a blind trust.

      • This “president” doesn’t care about the law, or how it was done before. He’s going to do whatever he wants, whenever he wants. He is a Chicago gangster who does not care about anything but his own wallet. So long as he can make you pay for it… He couldn’t care less.

      • Yes, you are right. He flaunts the law at every turn why should this be any different? So much corruption and so little scrutiny.

  5. Soros, Ayers, Dohrn, the Sandlers and their paper ProPublica.
    All big “O” donors. All Leftists. All crooks.

  6. People, stop and think about this for a second. How is this any different than other Presidents? Do you really think this is exclusive to the Obamas? No, it isn’t. This is typical of most Presidents, republican or democrat.

    Regardless of if you are a republican, liberal or a libertarian like I am, is the idea of a President’s wealth going up a bad thing? Not necessarily.

    Assuming we believe the Presidents throughout history were actually elected, then it is also logical to assume those Presidents are fairly intelligent and savvy people who are capable of using the free-market to gain wealth. Assuming Presidents are actually elected and not appointed by a shadow government, would we really want a President who are incapable of increasing their wealth? I wouldn’t.

    Where we run into issues is when Presidents use wealth envy(YES I SAID WEALTH ENVY) to divide the nation, but at the same time strives to gain wealth for themselves or uses their manipulation power of government to alter policy to increase their own wealth at the expense of honesty.

    BTW, I don’t care fore the policies of this administration or the ones before it.

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