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White House wealth: President Barack Obama's team virtually all Chicago millionaires
The Chicago Tribune ^ | April 9, 2009 | John McCormick

Posted on 04/09/2009 5:15:39 AM PDT by Scanian

When President Barack Obama moved into the White House earlier this year, he took several of his fellow Chicago millionaires with him.

Newly released disclosure reports show virtually all of the top Chicagoans serving in the West Wing had assets valued at a million dollars or more at the end of 2008.

In several cases, the reports provide the first detailed look at the finances of some of the president's top aides and friends from Chicago who have risen with him. They also show the salary haircut many have taken to be in the White House, at least until they return to the private sector.

Some of the wealth can be attributed to the fact that the top staff members surrounding Obama — such as Chicagoans Rahm Emanuel, David Axelrod and Valerie Jarrett — are from a big city where salaries tend to be higher. Many of the comparable senior staffers with the previous two presidents came from Austin, Texas, and Little Rock, Ark., where salaries for top professionals tend to be the lower than in Chicago. In contrast to his senior staff, Obama's Cabinet tends to have fewer high-net-worth people. That group includes former senators, governors and others who have spent much of their careers working in the lower-paying public sector.

Like those of his predecessors, Obama's top staff tends toward seasoned professionals, people who have moved up in their respective fields and found private sector wealth. The Tribune's review focused on Chicagoans serving in senior White House jobs.

(Excerpt) Read more at chicagotribune.com ...


TOPICS: Government; News/Current Events; US: Illinois
KEYWORDS: axelrod; emanuel; obama; obamatruthfile; paytoplay; rahmemanuel; valeriejarrett; wealth
"New disclosure reports show that many in Barack Obama's inner circle have more than just a city in common"
1 posted on 04/09/2009 5:15:39 AM PDT by Scanian
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To: Scanian

Millionaires are the ones who cause revolutions, not the “downtrodden masses”.


2 posted on 04/09/2009 6:19:14 AM PDT by RoadTest (I am the way, the truth, and the life: no man cometh unto the Father, but by me. - John 14:6)
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To: Scanian
Are they New Money? Not that it matters... Just wondering.
3 posted on 04/09/2009 6:22:37 AM PDT by Savage Beast (The Left is decadence. Hubris and denial lead to tragedy. Marxism is a Fools' Paradise.)
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To: penelopesire; BulletBobCo; seekthetruth; television is just wrong; jcsjcm; BP2; Pablo Mac; ...
"She (Valerie Jarrett) also reported $346,687 in income from serving on seven boards,

***including the Federal Reserve Bank of Chicago.

Jarrett's most lucrative fee as a director was $146,643 from Chicago-based USG Corp., a building products maker."

VALERIE JARRETT - MUCKETY MAP: Jarrett Network


4 posted on 04/09/2009 7:15:34 AM PDT by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE
"She (Valerie Jarrett) also reported $346,687 in income from serving on seven boards,

***including the Federal Reserve Bank of Chicago.

Jarrett's most lucrative fee as a director was $146,643 from Chicago-based USG Corp., a building products maker."

She 100% AA "community liaison" appointment like Michelle and her no show $333,000 hospital job
She is a moron as far as business and brings no particular expertise to anything

Kinda like 0gabe but she is not a Kenyan. Though grew up in Iran because her father was a Dr working for the State Department or something like that

5 posted on 04/09/2009 7:21:28 AM PDT by dennisw (0gabe our very own Kenyan subprime president)
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To: Scanian

bump


6 posted on 04/09/2009 7:22:12 AM PDT by gibsosa
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To: All
Saturday, November 15, 2008
Who is Valerie Jarrett, senior White House adviser to Barack Obama?

One of her condemned low income housing projects


7 posted on 04/09/2009 7:35:54 AM PDT by STARWISE (They (LIBS-STILL) think of this WOT as Bush's war, not America's war- Richard Miniter)
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To: STARWISE

bump


8 posted on 04/10/2009 12:41:50 PM PDT by Velveeta
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