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.
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
This post was last modified on January 26, 2021
View Comments (20)
Don't insult the good name of Joe the Plumber you far leftist.
No person 50 years old would buy a 30 year bond! Idiot! BTW - Eric Cantor has NO Treasuries - short term or otherwise!
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.
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
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.
BHO = The New Johnny Cash!
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.
I love your ID. For some strange reason, I feel compelled to send Botox Pelosi a few dozen cases of baked beans.
My assumption has always been that the financial disclosure forms have such broad categories because they were written by politicians for politicians. Individual politicians can then claim they made the legally required disclosures without really disclosing much of anything.
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.
He won't need the cash -- power and influence peddling has greater value in the corruptocracy.
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.
I think the President (any President) can have his money invested in anything he wants as long as the funds are placed in a blind trust over which he has no control. If he has half a brain (which I believe he does) he would turn his millions over to a team of top notch investment advisors. Considering his close relationship with Goldman Sachs, he undoubtedly has access to a few experts. Surely, he wouldn't trust the financial advice of a community organizer with no real world experience in anything.
Democrat Bernie Madoff has plenty of time on his hands. Maybe he can help the One?
when you say 'half a brain'.....?
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."
Just like in the book All the Presidents Men. Follow the money. These two are all about themselves and no one else. Greedy Communist.