
In his quest to appear to relate to the commoners, Obama takes a page from Bloomberg
“The president does not get paid that much. He is on a budget, too.”.
and joins the common complaint
Obama: Our finances have suffered, too
Forget the fact that Bloomberg also defended poor pharma and BP Obama relates tu us thusly
He says he and first lady Michelle Obama took a hit like everybody else when the economy nearly collapsed, telling ABC that a college fund for daughters Malia and Sasha has gone “up and down” with the stock market.
How endearing! Losing investments on Wall Street is indeed Everyman’s plight!
And on the other hand, how does he know the value of his investments? Shouldn’t those be placed in a blind trust to insure he wouldn’t be too invested in Wall Street?
Silly me, I am talking about the good ol’days when appearances of propriety counted.
That also explains his vested interest in Wall Street.
And don’t forget his humble beginings, please!
“it was just a few years ago that we had high credit card balances, we had two kids, thinking about college. We had our own retirement accounts, wondering if we were going to be able to get enough assets in there.”
Geez, being a Senator is hard! . And arugula prices had gone through the roof!
Oh, the humanity!
But relax, people. Obama is one of us! Assets, college funds – WTF are those?
Aren’t you feeling better now financing his lavish parties and vacations with your taxes?
But I get it now. Goldman Sachs, AIG, Lehman Brothers BP – they are not the only ones losing on Wall Street. Obama is too.
And once the cat food commission gets its hands on our social security, you too will know the agony of being an investor – though not by choice I’m afraid.
..


11 comments
July 26, 2010 at 6:41 am
DeniseVB
As the NYDN reported last year:
http://www.nydailynews.com/opinions/2009/05/04/2009-05-04_president_obamas_mantra_in_debt_we_trust.html
They’ve never been thrifty in their personal lives until the books brought them “magic beans”
July 26, 2010 at 9:30 am
cj
Magic beans and friends in low places.
July 26, 2010 at 11:34 am
edgeoforever
I was going to comment on the high credit card debt too. But unlike the anonymous legislator who wrote in Daily News, I think the stimulus should have been bigger and the deficit obsession is just rhetoric to grab our social security.
July 26, 2010 at 6:54 am
myiq2xu
I want Obama to spend my SS retirement money on some of that Wagyu beef he loves so much. He deserves $300 steaks.
July 26, 2010 at 7:29 am
PamelaofthePoconos
They have a college fund for their daughters? Seems it was only yesterday they told us they’d just paid off their own college loans.
July 26, 2010 at 11:30 am
edgeoforever
yeah, but they used their credit cards silly.
July 26, 2010 at 1:21 pm
Buttered
Didn’t Obama get his Chicago house given to him, or sold to him at under market value?
July 26, 2010 at 1:38 pm
DeniseVB
Zillow is my friend:
http://www.zillow.com/blog/barack-obamas-chicago-house/2008/09/17/
Looks like it’s on the up and up, it’s just Rezko being involved makes it sound creepier.
Of course, 2005′s when the “magic beans” poured in, so he could certainly afford it.
I guess he’s keeping up on the mortgage payments?
July 26, 2010 at 1:44 pm
DeniseVB
…..and it’s depreciated about 600k in 5 years. Ouch.
http://www.zillow.com/homedetails/5046-S-Greenwood-Ave-Chicago-IL-60615/50904051_zpid/
July 26, 2010 at 1:56 pm
Buttered
Thanks Denise!!!!!!!!
July 26, 2010 at 1:56 pm
hennie1
College fund? One of the many thing the middle class can say goodbye to. Better yet, say goodbye to the middle class.