Americans are most forgiving of their former Presidents. When they leave office, most people forget about all the shenanigans and sweet heart arrangements. On the surface, Obama looks like a relative novice when compared to the Bushes and Clintons. Hey, give him a little slack. He is just ready to get started. By any evaluation, the net worth of the Obama’s is mere chump change from the rarified air of the Trump Towers. Making money at the end of the office term is understandable. Few folks would expect Obama to be the next Jimmy Carter, when he has to pay for his own golf vacations.
So what is the financial background on Barry Soetoro? An answer to that query would go a long way to expose his true origins and his meteoric rise to bring him into the millionaire class. On the high end Barack Obama Net Worth contends that “The 44th president of the United States, author and the most popular person in the world, Barack Hussein Obama II, has an estimated net worth of $12.2 million. Excluding the $1.4 million in Nobel Prize money he donated to charity and his primary home.”
Based upon a wide range of appraisals, Barack Obama Net Worth has a “net worth is estimated to be in the millions, $12.2 million according to Celebrity Net Worth and $6 million according to Forbes.” USA Today chimes in, Obama could be worth as much as $6.9 million, “President Obama’s net worth is roughly $2 million to $7 million, according to an annual disclosure released Friday — a broad estimate that is mostly unchanged from last year.”
That’s a nice figure to accept, even if the range is so wide. Just how did he acquire this wealth while making a salary of $400,000 a year as President?
The Independent Journal provides some additional information that states, Barack Obama’s Net Worth Has Risen 438% Since Running for President.
“According to financial disclosure reports, President Obama has an estimated net worth of $7 million dollars.
Since he was worth $1.3 million in 2007, that makes the millionaire 438% more wealthy than when he first ran for office.
As reported by the International Business Times:
President Barack Obama and first lady Michelle Obama listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, according to financial disclosure forms released Thursday.”
Between one to five million in Treasuries is an interesting figure. Even more so, Open Secrets in How Wealthy are President Barack cite an even larger top end sum. “As of the end of 2010, Obama also held somewhere between $2.1 million and $10.2 million of Uncle Sam’s debt, in the form of U.S. Treasury bills and notes.”
It is really amazing how much leeway the POTUS have when reporting their financial assets. By any of these measures, the IRS would certainly ask some embarrassing question about where the money came from to buy into the national debt. Nonetheless, we all know that audits during his administration are reserved for the loyal opposition.
Top this off with another account where President Barack Obama has $1 million account with JPMorgan. “The president’s financial disclosures for 2011, released by the White House, showed he has $500,000 to $1 million in a JPMorgan Chase private client asset management checking account.”
The more one looks into this can or worms the less one can be confident that the public has any idea about his financial disclosure. So the new standard is when running for President a candidate needs to provide financial statements and tax returns; but when in office, the grey area of chief executive protection allows for clouding up the actual status of the President.
What else can one expect from a system that boasts of reducing the national debt when the following figures present a frightening assessment? The always informative Terence P. Jeffrey lists the following figures. $8,314,529,850,339.07: Debt Up $70,612.91 Per Household in Obama’s First 7 Years. “That equals $70,612.91 in net federal borrowing for each of the 117,480,000 households that the Census Bureau estimates were in the United States as of September.”
“During President George W. Bush’s eight years in office, the federal debt increased by $4,899,100,310,608.44, according to the Treasury. That equaled $44,104.65 in net federal borrowing for each of the 111,079,000 households that, according to the Census Bureau, were in the country as of Jan. 20, 2009, the day that Bush left office and Obama assumed it.”
Another way to look at Obama’s term in office is his role as the $20 trillion man: National debt nearly doubles during Obama presidency. “Of course, Congress bears equal responsibility for the high level of debt.” But the blame game only works in a phony partisanship environment. For a functional example of how the rip-off is conducted under the Obama administration, look to The Green Corruption Files. Note that on the top right column you will find a running national debt clock.
One of the easiest ways to gain favor from special interest is to grant beneficial regulations to their industry. Just how much is contributed by these grateful bribers to the retirement chests of a sitting President? The specific answer varies by each circumstance, but you can be reassured that every time another sleazy deal is made, that debt gauge keeps ticking up.
“Even as the president’s green energy revolution and climate crusade –– a scam of epic proportions –– which carries debilitating rules, regulations, and mandates, as well as string of executive orders that benefit special interest groups while adversely affecting American families and hurting the poor, it is jammed-packed full of green corruption, corporate welfare and crony capitalism as well as waste, fraud and abuse.
There are also piles of expensive bailouts and failures flushing tens of billions of U.S. taxpayer money down the ECO-Toilet. Along the way, environmental toxic messes have been left behind: Solyndra and Abound Solar come to mind. Not to mention that we currently have a known looming and dangerous ECO-Disaster on our hands such as the Mojave Solar Plant here in California, which is a bombshell story that I exposed in 2014 and revisited again many times since that was made possible by the assistance of numerous brave whistleblowers.”
Also examine the dirty underpinnings President Obama’s $4 Billion Clean Power Bribe. Ask yourself if any reasonable person believes that corporate graft is not at the core of such destructive EPA cronyism.
“CPP will raise electricity prices, cut U.S. jobs, and disproportionately harm the poor. The only way most states would ever decide to go further than CPP’s onerous requirements is through coercion or bribery, which is precisely what the Clean Power State Incentive Fund is intended to provide. States would be foolish to take the bribe. By any estimate, the costs from higher energy prices and resultant job losses arising from the plan would be far greater than the payoff by the federal government.”
The blatant fact is that most people do not give a second thought about government corruption. And when it comes to the conduct of reigning emperors, who were elected to be servants of the people, why expect outrage?
If the system can be gamed to reward a retiring President for services rendered to the globalists, why would anyone care if Obama is now worth between 2 to 12 million? The joke is on all of us for allowing this intelligence community tool to ever gain public office. Before the key cards are switched at the White House, the spread of the Green Scams will take a toll on the economy that few fully appreciate.
What Obama has in common with the cap and trade crowd is that the money ready to be made by the exploitation of the public will make his net worth figures look shocking, when the full costs are assessed for the energy budget.
Obama is a rip-off artist. When the establishment flunky, Marco Rubio calls Donald Trump a con man, he is serving the same interest that Obama has been obeying. Society has no comprehensive mechanism in place to keep public officials accountable. Only a blind person would conclude that Barry Soetoro has not made his own side deals, which bring in lucrative rewards and riches.
So do not be amazed when Obama’s dramatic jump in wealth comes as soon as he leaves office. Those inspirational speeches and contributions to a library are mere payoffs that avoid the linkage of money for favoritism. A nation that turns away from the macabre ritual of Presidential retirement deserves to be fleeced.
Essentially, reflect upon the irrationality of lavishing tribute upon a failed President for the absurd reason that they served the country. Giving such vitriolic royals their rightful due would relegate them to a jail sentence. Woefully, that will not happen. Obama will leave Washington and potentially turn over the oval office to another Clinton. What greater price can this nation endure?
SARTRE – March 1, 2016
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