How Obama really feels about America’s future: A look at his personal portfolio should scare the hell out of you

by editor on May 20, 2011

Maybe it’s just us, but we’d have a lot more confidence in someone who wants to fundamentally change America if he were willing to put his money where his mouth is.

We learned earlier this week that President Obama’s personal wealth has exploded in the last five years and that he now be worth as much as $15 million dollars. Those same financial disclosure forms show that he’s willing to make short-term investments in the American economy, but not long-term? Not so much.

obama money

Uh-oh. President Obama isn't making any long-term investments in the American economy.

CNS News has the speculative specifics:

President Barack Obama and First Lady Michelle Obama own between $2.1 million and $10.25 million in U.S. Treasury securities, according to the president’s financial disclosure form released yesterday.

But all of that money is invested in short-term U.S. Treasury bills and intermediate-term U.S. Treasury notes. None is in long-term U.S. Treasury bonds.

By definition, according to the U.S. Treasury Department, Treasury “bills” mature in one year or less, Treasury “notes” mature in terms of 2 to 10 years, and Treasury “bonds” mature in 30 years.

U.S. Treasury bonds pay a higher interest rate than the shorter-term Treasury notes and bills, but they also carry a higher risk of their value being eroded by inflation.

…As listed on page 3 of the disclosure, the president and first lady own three blocs of U.S. Treasury securities. They own a bloc of short-term Treasury bills worth between $100,001 and $250,000 in a SEP/IRA. They own a much larger bloc of short-term Treasury bills worth between $1,000,001 and $5,000,000 that is not in an IRA. And they own a bloc of intermediate-term Treasury notes worth between $1,000,001 and $5,000,000.

Warren Buffett always says, “Invest in what you know.” It seems clear that Barack Obama knows his policies are long-term losers.

Source: CNS News

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alienMDLIONjulescatorJoe Plumberandycanuck Recent comment authors

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MDLION
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MDLION

Don’t insult the good name of Joe the Plumber you far leftist.

julescator
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julescator

No person 50 years old would buy a 30 year bond! Idiot! BTW – Eric Cantor has NO Treasuries – short term or otherwise!

Joe Plumber
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Joe Plumber

At least Obama invested in the USA, who did the Republican leaders invest in?

Selective memory is a deceptive tool. For example, how much did the Bush’s ever invest in the USA.. Rich Republicans usually invest offshore (like the Bush’s do) and Bush also oversaw the 7.5 million U.S. jobs moved overseas, and actually said “it was a good thing” but didn’t clarify why… Instead of investing in America, Republicans did that instead. And don’t forget Cheney’s moving all his millions of Halliburton investments out of the USA and into Dubai, under Bush’s white House.

alien
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alien

I don’t count Obama much better than Bush in stopping the bleeding.. He is cowed by the investment class too, despite his rhetoric. But I appreciate the recognition that globalist free market forces are tending to work against the main street economy in the US. Sometimes i wonder how it’d be if Ross Perot stayed in the race in ’92

nonkenyan
Member
nonkenyan

How’s the dollar holding up in Kenya? He won’t need money there, anyway…He’ll walk onto the scene and they will (s)elect him as their messiah, just like what happened in the US. Goodbye, Barry. You can be king of the world from your homeland.

Ruben
Member
Ruben

BHO = The New Johnny Cash!

I farted and my face blew up
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I farted and my face blew up

What’s up with this report’s giant margins of error. Between $2.1 mil and $10.25 mil; between $1 mil and $5 mil….whoever looked at these documents before making this report really padded his figures. Or is that how the treasury reports it?

Either way: giant margins, and, oddly enough, very specific upper/lower bounds….yup it’s a conspiracy.

Buck O'Fama
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Buck O'Fama

I love your ID. For some strange reason, I feel compelled to send Botox Pelosi a few dozen cases of baked beans.

hisham
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hisham

Perlcat, where do you think he’s going to reinvest whatever profit he realises from his treasury bills after we kick he traitorous marxist ass to the curb and go after his czars and his closest crony friends? By that time, if the Repubics cave on much more legislation, the economy will be so bad that it’ll take a wheelbarrow full of paper Bernanke bills to buy a loaf of bread. Since he set out to make this happen, and said as much during a campaign stop in San Fransisco in 2007/2008, he’ll be exchanging his profit into yuans or rubles.

perlcat
Member

He won’t need the cash — power and influence peddling has greater value in the corruptocracy.

perlcat
Member

So… In order to make things clear: Barry’s not allowed to invest the money from his “book”* sales in businesses** — and has to keep it somewhere. However, he is not planning on having it in these more risky assets after his election — he has no confidence*** in getting reelected — and wants to put it somewhere else as fast as he possibly can after he loses.

Much like a hit & run driver lifting the cash out of the wallet of the person he ran over before leaving the scene of the ‘accident’ he’d intentionally caused.

* I use that term loosely. That thing’s as unreadable as an oliviated post.
** Conflict of interests. Ironic, huh.
*** He’d have invested in notes if he’d planned on getting reelected before he’s collapsed the economy.

rs
Member

But he’ll have his defined benefit pension play that we’ll be paying for. The Obama manifesto: “From each according to what they have. To each according to what I say.”

deepthinker
Member
deepthinker

Just like in the book All the Presidents Men. Follow the money. These two are all about themselves and no one else. Greedy Communist.

Black Sabbath
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Black Sabbath

For some reason, this article made me think that soon there are going to be a very small number of filthy rich in this country having screwed us over for years, suddenly facing a huge number of broke, unemployed and just-returned-from-the-battlefield. What do you think will happen then?

Babydoll102187
Member
Babydoll102187

Why do you suppose they are all about gun control?

Big Al
Member
Big Al

This is no surprise. I always knew that he was long Cloward/Piven.