Obama's parting gifts to the American people

As far as where the money comes from do not forget that back when BO was a kenyan :smokin: he wrote several books . IIRC he made several million off them even his first years in office.
He is likely as broke as the Clinton sleaze were when they left offuce
 
Joe Fan said:
Where did all that money come from?

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Where Obama's money came from is no secret because, like every president in recent memory, he has made extensive financial disclosures. Here is a good summary, showing that he was a millionaire before entering his first public office, and establishing legitimate, nonpassive income sources worth over $15 million. Link.

A few noteworthy highlights:
  • As the first African American to be the Harvard Law Review's President, Obama published a memoir, Dreams from My Father, in 1995 that earned him "millions". In 2006, he published a follow-up, The Audacity of Hope, which sold even better -- royalties for 2009 alone were around $5 million. Link. I couldn't find lifetime royalties, but I'm sure it is over $10 million.
  • In the early and mid 1990s, he held two jobs -- a lecturer at U Chic Law School and an attorney at a law firm in Chicago. Link.
  • From the mid-1990s to 2004, he continued as a lecturer at U Chic and joined the Illinois State Senate. His salaries for those two positions totaled $112k in 2004. Meanwhile, Michelle worked as a hospital administrator, which presumably payed well also.
  • Obama gave his Nobel Prize money (over $1 million) to charity, so I guess that doesn't count.
  • His salary as President is $400k x 8 years = $3.2 million.
 
NJ?
I admit I did not know BO was a millionaire before he ran for Ill state rep?
Is there a site with verifiable numbers.
His best selling book, Dxreams from my Father came out summer 1995
BO ran for Ill Rep in 96
It is of course possible but it would be amazing that a relatively unknown "Kenyan" would be able to sell enough books in such a short time to make him a millionaire
 
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Horn6721 said:
NJ?
I admit I did not know BO was a millionaire before he ran for Ill state rep?
Is there a site with verifiable numbers.
His best selling book, Dxreams from my Father came out summer 1995
BO ran for Ill Rep in 96
It is of course possible but it would be amazing that a relatively unknown "Kenyan" would be able to sell enough books in such a short time to make him a millionaire
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By the time he hit his zenith of popularity during the "Hope" campaign both books were likely selling pretty well.

I'm sure this will get a chuckle from the conservatives on this board. I was shocked to learn Dreams from My Father has been translated in 30+ languages. Notice the adulation from Time magazine at the bottom.

Reception[edit]
In discussing Dreams from My Father, Toni Morrison, a Nobel Laureate novelist, has called Obama "a writer in my high esteem" and the book "quite extraordinary." She praised

"his ability to reflect on this extraordinary mesh of experiences that he has had, some familiar and some not, and to really meditate on that the way he does, and to set up scenes in narrative structure, dialogue, conversation—all of these things that you don't often see, obviously, in the routine political memoir biography. ... It's unique. It's his. There are no other ones like that."[31]

In an interview for The Daily Beast, the author Philip Roth said he had read Dreams from My Father "with great interests," and commented that he had found it "well done and very persuasive and memorable."[32]

The book "may be the best-written memoir ever produced by an American politician," wrote Time columnist Joe Klein.[33] In 2008, The Guardian's Rob Woodard wrote that Dreams from My Father "is easily the most honest, daring, and ambitious volume put out by a major US politician in the last 50 years."[34] Michiko Kakutani, the Pulitzer Prize-winning critic for The New York Times, described it as "the most evocative, lyrical and candid autobiography written by a future president."[35]

The audiobook edition earned Obama the Grammy Award for Best Spoken Word Album in 2006.[36] Five days before being sworn in as President in 2009, Obama secured a $500,000 advance for an abridged version of Dreams from My Father for middle-school-aged children.[37]

Time Magazine Top 100 List[edit]
In 2011, Time Magazine listed the book on its top 100 non-fiction books written in English since 1923.
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SH
No doubt but NJ is saying BO was a millionaire when he first ran for office in 96
The book came out mid 95. Anything is possible
I am just asking for verifiable source.
 
Horn6721 said:
SH
No doubt but NJ is saying BO was a millionaire when he first ran for office in 96
The book came out mid 95. Anything is possible
I am just asking for verifiable source.
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Oh...I think he's assuming that he could have been a millionaire from his work as a lawyer/professor combine with Michelle's occupation. They were DINKs (Double income no kids) at the time. If he and Michelle didn't have a lot of student debt it would only take a few years to reach "millionaire" status in assets with those lofty jobs.
 
He was a lecturer/ adjunct professor, hardly big bucks. They do not get paid much and Michelle did not get into the big bucks until BO was elected to US senate
I also remember Michelle and BO complaining they were still paying student loans in 2004
Still waiting for a verifiable source BO was millionaire when he ran first for Ill Rep
 
It is amusing that some posters belabor what they see as inaccuracy in other poster, JF for one, but when called on to verify their own accuracy disappear.
 
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Does this mean Obama is a liar?


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Horn6721 said:
He was a lecturer/ adjunct professor, hardly big bucks. They do not get paid much and Michelle did not get into the big bucks until BO was elected to US senate
I also remember Michelle and BO complaining they were still paying student loans in 2004
Still waiting for a verifiable source BO was millionaire when he ran first for Ill Rep
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My original message was accompanying by a link that stated the following:

The president entered into the millionaire’s club by dint of the royalties he received from the sales of his best-selling memoir “Dreams from My Father”.
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I admit that I might have read too much into this, i.e. that the revenues came "by dint of" his prior work but weren't earned into later. Indeed, according to this source, Obama got a $125,000 advance for the book and a second advance of $40k, but sales were initially sluggish.

None of this changes the two main points of my post: (1) Obama did hold jobs in the private sector before running for office; and (2) there are legitimate explanations for how Obama became wealthy enough to own several homes as he comes out of his presidency.
 
Horn6721 said:
It is amusing that some posters belabor what they see as inaccuracy in other poster, JF for one, but when called on to verify their own accuracy disappear.
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When I point out @Joe Fan's ******** posts, he either ignores me or attacks me for disputing the accuracy of his posts. I don't remember a single instance when he came back with something substantive, showing I was wrong to call him on his ********.

In contrast, I often come back to discuss support for my previous posts, and sometimes even fess up when things aren't as I stated. Sometimes it takes a while because I do have a family and a full-time job, plus two major community commitments. Sometimes I don't see a response, so I don't know that a request for backup has been made. And sometimes, I forget to respond or decide it isn't worth my time. But to suggest that I am not living up to the standards of credibility established by @Joe Fan is kinda insulting.
 
NJlonghorn said:
When I point out @Joe Fan's ******** posts, he either ignores me or attacks me for disputing the accuracy of his posts......
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That's not really how it has been working. The way it has been working is that your arguments get gutted. You then disappear for ~2 weeks (reading Slate or whatever to help you formulate a better comeback). Then you suddenly pop back up, like a mushroom and drop your new reply down to a 2-weeks old argument. Well, look, in this new Trump world, alot happens in two weeks. Alot happens in two days.

You remind me of this scene from Pulp Fiction
 
Joe Fan said:
That's not really how it has been working. The way it has been working is that your arguments get gutted. You then disappear for ~2 weeks (reading Slate or whatever to help you formulate a better comeback). Then you suddenly pop back up, like a mushroom and drop your new reply down to a 2-weeks old argument. Well, look, in this new Trump world, alot happens in two weeks. Alot happens in two days.

You remind me of this scene from Pulp Fiction
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I think the point is that when it's plainly obvious that one of your posts is inaccurate you fail to take accountability preferring to focus on "today". No accountability for accuracy, similar to many of the sources you post which is ironic since media bias and hypocrisy seems to be a push button issue for you.
 
Seattle Husker said:
I think the point is that when it's plainly obvious that one of your posts is inaccurate you fail to take accountability preferring to focus on "today". No accountability for accuracy, similar to many of the sources you post which is ironic since media bias and hypocrisy seems to be a push button issue for you.
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What?
You disagreed with me?
Unreal
 
I'll give Kanye credit for not just bindly supporting the Democratic nominee like most entertainers do. However, the guy is such a freak show that it's pretty hard to take anything he says seriously. And if Trump is the first Republican you support, your ideology and seriousness about real issues has to be pretty suspect.
 
I was baffled when I heard Trump invited Kanye to Trump tower. Why? Did Trump need a good laugh?

Wasn't Kanye going to run for President in 2020?
 
Clean said:
I was baffled when I heard Trump invited Kanye to Trump tower. Why? Did Trump need a good laugh?

Wasn't Kanye going to run for President in 2020?
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I heard a report today that he wasn't invited, but just showed up and asked for a meeting. Trump kindly met with him for a few minutes.
 
Does this qualify as a parting gift?
Or does it only fall into the category of "great, now they tell us?"

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