By John Lillpop ——Bio and Archives--May 19, 2012
American Politics, News | CFP Comments | Reader Friendly | Subscribe | Email Us
Three things are apparent from President Obama's annual financial disclosure statement, released today: He is a wealthy man, with assets of as much as $10 million. He has a hefty stake in JPMorgan Chase, the megabank that just made a bad $2 billion bet. Obama has an account worth between $500,000 and $1 million. Despite the nation's $15.6 trillion debt, he is a believer in government paper. More than half of his assets are in Treasury bills and notes. The disclosure statement lists assets and liabilities in dollar ranges, so pinpointing the president's net worth is difficult. His assets appear to tally between $2.6 million and $9.9 million. He holds a mortgage on his Chicago home of $500,000 to $1 million. As was clear from Obama's income tax filing, much of his income continues to roll in from book royalties. The disclosure form lists $100,000 to $1 million in royalties from Dreams From My Father, $100,000 to $1 million from Of Thee I Sing: A Letter to My Daughters, and $50,000 to $100,000 from The Audacity of Hope.” With his vast riches and gay proclivities, Barack Obama has given new meaning to the phrase. "The Buck(s) Stops Here!So, why have those Occupy Wall Street vigilantes not taken over the White House to protest Obama’s undeserved wealth and success? You see, even in the wretched Obama economy, ten million dollars is one hell of a lot of money, more than enough to qualify one for membership in the notorious One Percent club normally reserved to humiliate and chastise white, conservative Republicans. Consider too, that Judicial Watch recently revealed that Michelle Obama’s luxurious vacation to Spain cost American taxpayers one half million dollars a couple of years ago. Good heavens, Occupy Bullies, why is it OK for a family worth ten million dollars to vacation on the public dime? Whatever happened to the notion of basic fairness? And pay your “Fair Share”?
Support Canada Free Press
View Comments
John W. Lillpop is a recovering liberal. “Clean and sober” since 1992 when last he voted for a Democrat. For years, John lived in the San Francisco Bay Area, the very liberal sanctuary city which protects, rather than prosecutes, certain favored criminals. John escaped the Bay Area in May and now lives in Pine Grove California where conservative values are still in vogue.