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#41
Old 02-28-2010, 05:01 PM
PensionKiller
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Originally Posted by DLT View Post
send 5g's for what? Just because she's granny? He dont even really know her. Again, what if you had a dad who basically disowned you? You are going to give his mother **** who youve rarely met? Hell NO. Why didnt you try to get at me before I became president? Did you give a damn then? Im not dissin but dont tell me that he has to do this or that. He dont have to do **** for them. Where does it stop? He's got to take care of his dad's brother too? The grandfather, the other kids by another woman? What else?

The fact is his mother & her parents raised him and he is forever devoted to them. You cant knock him like he's not a good man or doesnt care about family. He wrote a book specifically talking about how his father's absecene shaped his life and all he wanted was to know him. Then his mother died and he said that if he knew she was going to die, he wouldve spent more time talking about the parent who was there instead of the one who wasnt. That **** runs deep
If you haven't met your gran ma, would you not make an effort to?
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#42
Old 02-28-2010, 05:02 PM
DLT
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Originally Posted by street bully View Post
How many Harvard lawschool diploma holders who graduated at the top of their class who went on to be successful lawyers have you seen who look like average Joes? On top of that add the millions he made from writing two best selling books.
will you stop talking about the law stuff? He didnt even do much of that. You act like you dont even know him. He decided to work for the people. He went into public service. He always talks about how he couldve made a ton being a lawyer like everyone wanted but he wanted to do public service where he didnt make nothing and him & Michelle were in big debt. He always talks about how him & Michelle both took out loans of like a total of 180,000 and it took them like 9 years to pay it off.

Then luckily he became Senator but guess how much Sentaor's make? His yearly salary was $157,082

Guess how much Presidents make? yearly salary of $400,000
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#43
Old 02-28-2010, 05:04 PM
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Candidates ranked by estimated Net Worth

Candidate Party Estimated Net Worth
Mitt Romney R $202,000,000
John Edwards D $55,000,000
Rudy Giuliani R $52,000,000
John McCain R $40,000,000
Hillary Clinton D $35,000,000
Fred Thompson R $8,000,000
Bill Richardson D $6,600,000
Christopher Dodd D $2,400,000
Ron Paul R $2,300,000
Duncan Hunter R $1,500,000
Barack Obama D $1,300,000
Tom Tancredo R $800,000
Mike Huckabee R $700,000
Dennis Kucinich D $300,000
Mike Gravel D $250,000
Joe Biden D $93,000
US Household (Median) - $93,100

As you can see, the candidates vying for the White House in 2008 are all at or above the median US Household Net Worth. It***8217;s interesting to note as we think about these candidates as being representative of the population overall. Let***8217;s see what it looks like when the candidates are ranked by 2006 income.
Candidates ranked by estimated 2006 Income

Candidate Party Estimated 2006 Income
Mitt Romney R $38,000,000
Rudy Giuliani R $17,000,000
Hillary Clinton D $12,000,000
Fred Thompson R $9,000,000
John Edwards D $4,000,000
John McCain R $4,000,000
Barack Obama D $991,000
Mike Huckabee R $488,000
Bill Richardson D $452,000
Mike Gravel D $387,000
Christopher Dodd D $303,000
Ron Paul R $295,000
Dennis Kucinich D $240,000
Tom Tancredo R $232,000
Joe Biden D $201,000
Duncan Hunter R $179,000



http://montaraventures.com/blog/2007...-wealth-chart/

Obama's money
Net Worth: $1.3 million

Where he got it

After Harvard Law, Obama didn't exactly rake in the big bucks. He led a voter-registration drive and then worked for a Chicago law firm that specializes in civil rights and employment discrimination.

He earned $60,000 as an Illinois state senator, plus another $32,000 as a lecturer in constitutional law at the University of Chicago.

Michelle Obama, however, worked for a while as a big-firm lawyer, leaving to take jobs in the nonprofit sector. She wound up as vice president for community affairs at the University of Chicago Hospitals, a position that paid nearly $317,000 a year.

She resigned in May and also left her post as lead independent director of Tree House Foods, a private-label food business.

According to the Obamas' tax return (Obama and Sen. Christopher Dodd of Connecticut are the only candidates to release one), their income hit $1.7 million in 2005 and $991,000 in 2006.

The big boost came from his writing, following the stirring speech at the 2004 Democratic Convention that made him famous.

First came a memoir, "Dreams of My Father," and later "The Audacity of Hope," which was on the New York Times bestseller list for 30 weeks.

Where it goes

Excluding Michelle Obama's retirement plan, whose value needn't be reported, the couple has about $715,000 in investments. All the money except for two very large checking accounts is in mutual funds.

About $350,000 is divided between Vanguard FTSE Social Index Fund, a socially responsible fund, and Vanguard Wellesley Income, which has a mix of 60 percent bonds and 40 percent stocks.

How he could do better

The Obamas have about 40 percent of their money in cash - about right for now, says Jason Mirsky of RiskMetrics: "They may need that much cash to tide the family over without Michelle's income."

Later, however, the Obamas should ramp up their stock allocation to about 70 percent. With their earning power, they can take more risk, adding small-cap and international funds.

They could also venture into real estate investment trusts or commodities. They should start 529 college savings plans for their two girls.

http://money.cnn.com/galleries/2007/...oneymag/5.html
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#44
Old 02-28-2010, 05:05 PM
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Originally Posted by DLT View Post
will you stop talking about the law stuff? He didnt even do much of that. You act like you dont even know him. He decided to work for the people. He went into public service. He always talks about how he couldve made a ton being a lawyer like everyone wanted but he wanted to do public service where he didnt make nothing and him & Michelle were in big debt. He always talks about how him & Michelle both took out loans of like a total of 180,000 and it took them like 9 years to pay it off.

Then luckily he became Senator but guess how much Sentaor's make? His yearly salary was $157,082

Guess how much Presidents make? yearly salary of $400,000
Senators make a lot more on the side then they do in office. Obama had over 5 million in earnings last year alone.
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#45
Old 02-28-2010, 05:06 PM
PensionKiller
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Originally Posted by DLT View Post
will you stop talking about the law stuff? He didnt even do much of that. You act like you dont even know him. He decided to work for the people. He went into public service. He always talks about how he couldve made a ton being a lawyer like everyone wanted but he wanted to do public service where he didnt make nothing and him & Michelle were in big debt. He always talks about how him & Michelle both took out loans of like a total of 180,000 and it took them like 9 years to pay it off.

Then luckily he became Senator but guess how much Sentaor's make? His yearly salary was $157,082

Guess how much Presidents make? yearly salary of $400,000
10K is enough money to live in a country like Kenya for a long time. A house could be made for that IMO
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#46
Old 02-28-2010, 05:12 PM
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Come on now, how are you guys going to talk like you know the situation? You dont. Until I hear his grandmother say something negative then this is just BS. If all she wanted was 10g's then you know he would give that to her. You in no way can play this guy like he doesnt care about anything or doesnt accept his African roots. He was the #1 rated democrat in the world and was hated by Republicans because he went for the poor people in every instance, way more than even any other Democrat
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#47
Old 02-28-2010, 05:17 PM
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Originally Posted by street bully View Post
How many Harvard lawschool diploma holders who graduated at the top of their class who went on to be successful lawyers have you seen who look like average Joes? On top of that add the millions he made from writing two best selling books.
THe real, real, real money will only start coming after he is done being president. Bill Clinton made 20mill on his books after his presidency.

I saw Obama's records, and while he wasn't making average income, it wasn't that much. One year, the Obama family pocketed 2 million which was the most they made.

Anyway, how do you know that he hasn't provided for his grandmother but kept it quiet? Maybe he doesn't wanna make it public. Maybe his grandmother has bodyguards all around her village now, that she is famous, and has plenty of money. And he just doesn't want it made public because of the Kenya birther movement or for whatever reason.

Last edited by Cupo303; 02-28-2010 at 05:41 PM..
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#48
Old 02-28-2010, 05:23 PM
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Originally Posted by DLT View Post
Come on now, how are you guys going to talk like you know the situation? You dont. Until I hear his grandmother say something negative then this is just BS. If all she wanted was 10g's then you know he would give that to her. You in no way can play this guy like he doesnt care about anything or doesnt accept his African roots. He was the #1 rated democrat in the world and was hated by Republicans because he went for the poor people in every instance, way more than even any other Democrat
I don't know the situation I admit.

Just saying that even if he hasn't met her, she is still blood and he should really make an effort to visit her because at 83, he doesn't have long left.

Maybe she hasn't asked for money, proud people like that don't, but the fact that it appears she has to work to live is disturbing.
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