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Obama, a millionaire but he's not that rich

  1. pisean282311 profile image59
    pisean282311posted 6 years ago

    He may be heading the world's largest economy, but US President Barack Obama's personal net worth is just $ 5 million: the lowest for any American President in five decades.

    The last time a US President had a lower net worth than Obama was Harry Truman (1945-53) with less than $ one million, says a list compiled by The Atlantic magazine.

    what do u guys this about this news piece?

    1. 0
      Brenda Durhamposted 6 years ago in reply to this

      What do I say about it?

      I say he should put his money where his mouth is and SHARE THE WEALTH.  Isn't it our money anyway?  Teehee.  I could use some of it from the great compassionate one! wink

      1. Uninvited Writer profile image82
        Uninvited Writerposted 6 years ago in reply to this

        But that would be Communism and you wouldn't like that would you?
        Or is it only good when it benefits you?

        1. leeberttea profile image60
          leebertteaposted 6 years ago in reply to this

          Communism is never good as a style of government, but if someone is going to espouse the benefits of it, they ought to be willing to live it, no?

          1. Uninvited Writer profile image82
            Uninvited Writerposted 6 years ago in reply to this

            Obama never has

            1. leeberttea profile image60
              leebertteaposted 6 years ago in reply to this

              There is evidence to suggest otherwise.

              1. Uninvited Writer profile image82
                Uninvited Writerposted 6 years ago in reply to this

                Then you don't know what Communism is...

                1. leeberttea profile image60
                  leebertteaposted 6 years ago in reply to this

                  I think we're all about to find out.

    2. leeberttea profile image60
      leebertteaposted 6 years ago in reply to this

      "At some point you've made enough money."

      http://www.youtube.com/watch?v=k0JkyZx1LdQ

      1. pisean282311 profile image59
        pisean282311posted 6 years ago in reply to this

        lol

        1. leeberttea profile image60
          leebertteaposted 6 years ago in reply to this

          Personally, I don't think politicians should be paid at all. If they are interested in "service", then they should be willing to do it for free. They should serve out of a sense of duty, and they should do so reluctantly presumably because they have other things to do that are more enjoyable and enriching. They should also limit their time of service for the same reason as well as to introduce new blood, new ideas, and to give others a chance to preserve the union. They should not be allowed to profit from their service either, writing books about their experiences in a job they were elected to by the people, for the people. I'd like to know, when did service to the nation become a career? That was the first mistake, Barring that one should be allowed to make as much money as one wishes.

          1. alternate poet profile image78
            alternate poetposted 6 years ago in reply to this

            Well then you would get a President who was not in it for the money - meaning he already had sh*****ds and you get exactly the same thing - it is more telling that EVERY President was a rich man - what happened to ruling by the people for the people, when did that change to ruling by my rich buddies for my rich buddies ?

            1. habee profile image91
              habeeposted 6 years ago in reply to this

              Right, it's sad that practically any politician has to be wealthy to get elected - even at the state level, usually!

  2. Rafini profile image85
    Rafiniposted 6 years ago

    There are more important things in life than money, ya know

  3. habee profile image91
    habeeposted 6 years ago

    Oh, the poor Prez! Maybe we should take up a collection for him?

    1. pisean282311 profile image59
      pisean282311posted 6 years ago in reply to this

      lol

  4. MikeNV profile image74
    MikeNVposted 6 years ago

    His income from his book sale last year alone was $5.5 million.  He did pay tax on that.  But these numbers here are incorrect.

    And now Obama will never have to work again, have access to 24/7 security.  A full pension, etc.

    No worries ahead for him at all.

    So what exactly is the point of this post?  The guy pulled in 6x just last year what the average guy will make in a lifetime.

    He's not rich?  Can someone explain how that makes him NOT rich?

    1. pisean282311 profile image59
      pisean282311posted 6 years ago in reply to this

      @mikenv

      the news piece is comparing obama with previous presidents and in comparison he is not rich is what it says..in last 50 years obama is poorest president..the figures have been adjusted with inflation and them compared..

  5. Cagsil profile image60
    Cagsilposted 6 years ago

    Communism isn't coming to America and the present socialism tasks being operated are also going to fail too.

    No need to worry. wink lol

  6. Lisa HW profile image83
    Lisa HWposted 6 years ago

    Obama's income isn't my business, and mine or anything else in my private life isn't his.

    1. leeberttea profile image60
      leebertteaposted 6 years ago in reply to this

      Not his in particular, but definitely the federal government's. Your income is monitored through the IRS and soon your health will be monitored as well.

      1. Cagsil profile image60
        Cagsilposted 6 years ago in reply to this

        You don't make sense. Obama's salary is public knowledge for being the President of the United States. What he "earns" outside of that, really is for public knowledge and should not be.

        It simply goes to show the foolishness going on in America. Too many people sticking their noses where they need not be. It's pathetic. hmm

    2. Mark Knowles profile image60
      Mark Knowlesposted 6 years ago in reply to this

      The income of your politician's aught to be of interest to all of you.

      Especially after he leaves office - Payback time. wink

      1. pisean282311 profile image59
        pisean282311posted 6 years ago in reply to this

        lol

  7. luvpassion profile image60
    luvpassionposted 6 years ago

    I agree especially when they're voting themselves pay raises and such. When a person runs for public office his net worth is part of how the system keeps an accurate check and balance on his dealings in the Federal and private sectors.

    Imagine if he were taking payoffs or something...wouldn't you want to know where the money came from?

    1. Cagsil profile image60
      Cagsilposted 6 years ago in reply to this

      If he was receiving payoffs....what makes you think there would be a trail for the money? Ever heard of "cash"? It's untraceable.

      1. luvpassion profile image60
        luvpassionposted 6 years ago in reply to this

        Now why haven't the drug Cartels in the US figured that out.

        1. Cagsil profile image60
          Cagsilposted 6 years ago in reply to this

          Who has said they haven't? roll

          1. luvpassion profile image60
            luvpassionposted 6 years ago in reply to this

            Everyone should have a couple million stuffed in their mattress. roll

  8. optimus grimlock profile image60
    optimus grimlockposted 6 years ago

    hmmm figured 2-3 mill tops! so so so poor:P

  9. kephrira profile image59
    kephriraposted 6 years ago

    I'm amazed that all of your other Presidents for so long have been richer than that. It seems worrying that only rich people are making it to the top of politics.

    Having said that our new Prime Minister in the UK is pretty rich, went to Eton(probably the poshest fee paying school in the world), and is related to the Queen. I still quite like him though, so far.

  10. VENUGOPAL SIVAGNA profile image60
    VENUGOPAL SIVAGNAposted 6 years ago

    Rich people, millionaires, will have no time to analyse public issues. All their time are spent on how to safeguard their million.  Only people like Obama can find time to look into public issues.

    1. kephrira profile image59
      kephriraposted 6 years ago in reply to this

      I think $5 million is rich.

 
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