[wallstassociate]

I am neither an Obama supporter or detractor...but everyone is making wrong assumptions here.

The article says, “By far the largest account, valued between $1 million and $5 million, was in the Northern Municipal Money Market Fund. It generated tax-free interest in 2007 of between $15,001 and $50,000.”

This is an account anyone can buy - it is a money market account that returns between 2 & 4% using gov’t and municple bonds. Whenever anyone - whether they are wealthy or poor - invests in these types of bonds, they don’t pay any income taxes. Obviously, most people don’t because the return is so low.

So before villifying the guy, and trust me there are many things he believes could be, his very conservative investment strategy shouldn’t be one of them. His investment fund has increased not from investment return but from his book sales.

[CutePuppy]

See post #21. The quibble is not with his "conservative" investment strategy, it's divergence between his (and his comrades in Democratic Party) rhetoric and stated advocacy of tax policies ("tax the rich!") and his personal choice of legally minimizing his own taxes (even possibly at the expense of potentially higher income on same capital, either pre-tax or after-tax) and reducing revenue to the Treasury.

It's not his investment savvy or acumen that is an issue, it's hypocrisy, which of course is not limited to him but is so characteristic of his "tax the rich" rich politicians and friends, because higher taxes and byzantine rules and loopholes only stifle the middle class, not truly rich.

[safeasthebanks]

Get a clue, newbie. Obama’s “conservative investment stratagy” is not what is being attacked here. Sheeesh.