Obamas have less than $1,001 in cash savings...

Daily Mail UK ^ | David Martosko | David Martosko

[COUNTrecount]

Obamas have less than $1,001 in cash savings but have socked away as much as $400,000 in their kids' college funds, according to their financial disclosures

Obamas' networth is nowhere near that of the Clintons, who have reportedly earned a combined $25 million in speaking fees since the beginning of 2014 They are also paying a high interest rate on their Chicago home loan, throwing away more than $6,500 every year instead of refinancing High interest rate hasn't changed since 2005 and is nearly 2 percentage points too high President and Mrs Obama also have more than $1 million in Treasury bills Daughters wont need free community college since they have at least $200,000 – and maybe as much as $400,000 – in college savings accounts Vice President and Mrs Biden refinanced their home equity line of credit last year, snagging the best rate as the market hit bottom

President Obama and his wife Michelle have less than $1,001 in savings, according to their annual financial disclosure report released on Friday.

The modest sum is all that's left in the first family's JP Morgan account after putting away between $200,004 and $400,000 for daughters Sasha and Malia to go to college.

Their assets are worth at least $1.9 million – and perhaps as much as $6.9 million.

But they're light years away from the net worth of Hillary and former president Bill Clinton, who have earned more than $30 million in speaking fees and book royalties alone in the past 16 months.

The Obamas also lack the real estate savvy that the Clintons showed in their Arkansas Whitewater Investment days.

[COUNTrecount]

http://www.scribd.com/doc/265481844/2014-Obama-and-Biden-Financial-Disclosures

[left that other site]

Well...he beat me out.

I had $27 until I added up all the pennies I picked up walking the dog.

Now I have $97.

[Tupelo]

If anyone believe this, I have some beach front property I will let them have cheap.

[McGavin999]

Oh don’t worry, the Clinton’s came to DC with nothing and are now multimillionaires.

[stevem]

This makes him pretty well-to-do. The organization he heads will be about $20 trillion in debt by the time he’s finished.

[basil]

If anyone gives a sh*t, it sure ain’t me—LOL!

[martinidon]

It will be interesting to see how much Obama can make out of office. I do not think he will command anywhere near what the clintons have in speaking fees.

[Baynative]

There is more fabrication going on here than in a Terry McAuliffe auto plant deal.

[Behind Liberal Lines]

Ah, flat broke just like the Clintons...sure....

[Zathras]

Same as The Toons.
When you’ve never worked for a living, you only make $$$ by begging for it.
In Obama’s case, by breaking arms.

[Liz]

THE OBAMAS GET READY FOR THE BIG PAYDAY ALA CLINTONs Obama isnt even out of office yet---and already has two foundations (that we know of).

(1) "The Obama Foundation" announced the location of its library in Chicago.....revving up the next ex-president's money machine.

(2) The second Obama foundation----The Barack H. Obama Foundation (BHOF)---(named after their dad), was fast-tracked by Lois Lerner for IRS tax-exempt status....for Malik Obama, Barack's half brother.

The BHOF is based at a Virginia UPS store, according to its website. The organization’s IRS filings list another Virginia address that is actually a drug rehab center where the foundation does not appear ever to have been based.

As first reported by The Daily Caller, the foundation was speedily approved for IRS exemption by Lois Lerner, the self-same IRS senior official at the center of the targeting of conservative organizations that have waited over two years to receive tax exempt status. The IRS thoughtfully gave Obama Foundation retroactive fund-raising status.......which it stupidly never applied for.

The tax-exempt Barack H. Obama Foundation is run by Abon’go “Roy” Malik Obama, the half-brother of Barack Obama.

The foundation’s mission statement is “to provide people everywhere with resources to uplift their welfare and living standards in memory of dad---Barack H. Obama: in the region of his birth, Kenya, and beyond.” Its guiding principle is “the inherent belief that no one can truly enjoy the riches he has reaped if his neighbor suffers....."We seek to elevate the human condition so that everyone can live in dignity and truly enjoy having one another as neighbors.”

(waiting for hysterical laughter to die down)

Despite raising more than $250,000, the alleged charity doesn’t seem to have done much. Its website claims the organization has built a madrassa and was building an imam’s house as well as some “proposed latrines,” but there is no other evidence that the nonprofit was working to “mitigate social-shortcomings in areas of education and literacy, health and well-being, poverty, and lack of community infrastructure in such basic needs such as water, electricity, shelter and sustenance,” as the site says.

Alton Ray Baysden, a former Dept of State employee, allegedly a registered Republican, who helped start the Barack H Obama foundation, declined to comment before seeing copies of a reporter’s passport and govt ID, along with a description of the article’s “motivation” and “slant.”

Repeated reporters' phone calls went to the organization’s voicemail and were not returned.

Malik spends most of his time in Kenya with his 12 wives while Obama finances his half brother, Malik, a major fundraiser for the Muslim Bortherhood.

MORE HERE http://shoebat.com/shoebat-foundation/obamas-wahhabist-fundraising-empire

Kenya-resident, Malik Obama in Muslim dress, holds up
photo of his half brother Obama in Muslim dress, taken
during an earlier visit.

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GOVERTNMENT FRAUD AT ITS FINEST--deposited in numbered accounts in offshore banks?

Obama's federal outlays (that we know of).:

<><> $2 billion funding to Malik's organization---the Muslim Brotherhood,

<><> $50 million to Malik/Barack's tax-exempt foundation in the form of a grant to Kenya.

<><> While the Muslim Brotherhood was in charge in Egypt, Obama (and Hillary) showered them w/ praise.....and billions of US dollars in aid, arms, tanks and planes.

<><> Obama gave $90 million US tax dollars to wealthy oil-rich African countries.

[COUNTrecount]

President of Rock Collectors, NY, NY?. a position still held??

Partner in a law firm 7/85-1/00 DoeJones and Smith??

[hondact200]

Right Obama is broke, just like Bill and Hillary. I believe that as much as Obama being a born again Christian!

[Liz]

THIS JUST IN: "Obama foundation" announces presidential library location in Chicago

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LIBRARY BRIBERY---CLINTON SOLICITED FOREIGN GOVERNMENTS
WHO SUBSIDIZED HIS FOUNDATION/LIBRARY IN ARKANSAS

The Library bills itself as "linking the significance of
a 20th century American presidency with the ongoing
and far-reaching work of The Clinton Global Foundation."

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No mention of Clinton being impeached and disbarred for lying.

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REALITY CHECK Despite its grandiose self-promotion, The William J. Clinton Presidential Center and Park---- is just another "Clinton Cash" snake pit.....subsidized by taxpayers,....and some shady foreign characters.

As Hollywood hotshots protested the Beverly Hills Hotel over its ownership by Brunei's sultan and his embrace of Sharia law, it turns out the Brunei government has financial connections to the Clintons.

The Clinton presidential library lists Brunei along with Kuwait, Oman and Qatar (new home of the Gitmo Five) as donors that gave between $1 million and $5 million through last year.

The Clinton foundation itself confirmed the 2002 Brunei donation: "The Clinton Foundation's impact would not be possible without the generous support of our donors," the foundation's website reads. "Their contributions have made a difference in the lives of tens of millions across the world." Read more at foxnews.com ...

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Hillary later told Greta that Qatar was "not a threat to the US." Hillary never mentioned Qatar subsidizing the Clinton Library/Foundation....leading some to believe the donation was a payoff....Hillary bribed to defend Qatar....,blatantly ignoring America's ntl security interests.

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DEREK HUNTER ASKED ON TOWNHALL.COM Why do the world’s wealthiest people and foreign govts feel compelled to give the Clinton Foundation hundreds of millions of dollars to do "charity"...... which the do-good Clintons constantly brag about.....that are in reality innocuous activities that thousands of charities already do......

These "Foundations" have become little more than political extortion.....shakedowns....prolly money laundering, tax evasion havens, as well.

Taxpayers demand laws prohibiting public official and ex-presidents from forming foundations that are little more than personal ATM's. Opportunistic pols use con artist-type "shakedowns" to personally profit by selling access and favorable public policy "for a price."

[CPOSharky]

Why should they care about money. They will not have to pay for anything for the rest of their lives.

[hoosiermama]

There’s always the family trust formed when great grandad Rolls Charles Payne died 1968 (probate 1971) At that time grandma Dunham, the executor of his will, became head of the Trust Department — VP of bank and BO’s legal guardian

The house in Chicago is held in the name of a lawyer — probably owned by the trust

[COUNTrecount]

What is your opinion on my post #12?

Thanks

[St_Thomas_Aquinas]

With 0.000000002 return on savings, it doesn't pay to put your money in a savings account.

Who's getting robbed? The elderly who can't risk putting their money in the stock market.

But at least their money is going to a good cause, Obama's cronies.

Feel good about that!™

[SoFloFreeper]

Bull crap. I smell propaganda.

[McGruff]

Their assets are worth at least $1.9 million – and perhaps as much as $6.9 million.