Obama economics
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Obama economics - 09-20-2019, 08:26 PM

OK math geniuses

Explain this:


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My educated guess is the funds came from
kickbacks on the CIA opium trade negotiated
through his CIA handler Michelle/Michael.

Commissions from weapons sold to the drug cartels
with Eric Holder

His cut on the Uranium - 1 deal with the Clintons

His cut on the China deals with the Bidens.

That is just to start
.
  
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09-20-2019, 08:47 PM

Quote:
Originally Posted by asiasdad View Post
OK math geniuses

Explain this:


Attachment 530313

My educated guess is the funds came from
kickbacks on the CIA opium trade negotiated
through his CIA handler Michelle/Michael.

Commissions from weapons sold to the drug cartels
with Eric Holder

His cut on the Uranium - 1 deal with the Clintons

His cut on the China deals with the Bidens.

That is just to start
.
Penguin Random House reportedly paid them 65 million dollars in advance for their book deals.

Still, spending that amount for real estate seems a bit foolish considering they still have to pay high taxes on all that income and real estate, plus the upkeep.

Bill Ayers must be taking his sweet time writing Barry's book...still no book.

Unless PRH had a secret source to fund these books, I think they will lose their ass on this deal.




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09-20-2019, 08:53 PM

This site looks at the Obama's net worth. If it is correct, they would have no problems buying that real estate.

https://www.gobankingrates.com/net-w...ama-net-worth/




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09-20-2019, 08:55 PM

Quote:
Originally Posted by WGDave View Post
Penguin Random House reportedly paid them 65 million dollars in advance for their book deals.

Still, spending that amount for real estate seems a bit foolish considering they still have to pay high taxes on all that income and real estate, plus the upkeep.

Bill Ayers must be taking his sweet time writing Barry's book...still no book.

Unless PRH had a secret source to fund these books, I think they will lose their ass on this deal.
Book deals is one way the CIA launders money

Do you really believe there are enough idiots to pay that much
and publishers profit as well in book sales ?

Hillary and Comey's books went to the 50% off
final mark down price shelf very quickly.
Half Price books can't give them away.

So, you torch a semi truck load of pulp, then record
it as however many million dollars worth of pulp
"printed and sold" you need it to be to cook the books.
  
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09-20-2019, 11:17 PM

I'm going to explain that Snap Politics appears to be an idiot, or perhaps just pretends to be one for clicks or something.

Where did the $32.25 million come from? About 80% from banks, almost certainly. Does anyone think they paid cash for those homes?

So if the question is where did they get ~20% = ~$6.5+ million, the answer is very easy. From their known large contracts after leaving the WH, and what was left from the $20 million they made from 2005-2016.

As president, PBO made his tax returns public for 8 years, and had released his 7 prior years' tax returns (as of 2008), so all those figures can be known if anyone cares to find out. (See how that works? See why Snap Politics is an idiot or a liar?)

Quote:
Forbes, 1/20/17

When Barack Obama joined the U.S. Senate in 2005, he was a 43-year old former law professor making $85,000 a year. In the 12 years since then, he won the White House, reworked the nation’s laws, ended two wars—and earned $20 million.

Three-fourths of that money came from lucrative book deals, according to a FORBES analysis of 16 years of tax returns and financial disclosure documents. In total, Obama has earned $15.6 million as an author since arriving in Washington.

He has made $8.8 million from his bestseller Audacity of Hope and children’s book Of Thee I Sing: A Letter To My Daughters. Sales of his memoir Dreams From My Father, originally published in 1995, also took off once he landed in the nation's capital, resulting in a $6.8 million windfall for the president. Obama made another $3.7 million from government salaries.

The former president didn’t waste much time capitalizing on his story once he got to the nation’s capital. In January 2005, the same month he joined the Senate, he got approval from its ethics committee for a $1.9 million advance against royalties with Random House for two non-fiction books and one children’s book.

The Obamas, who had earned less than $300,000 every year from 2000 to 2004, made an average of $2.4 million annually over the next four years, even before Barack got elected president. In the early stage of his Senate career, Michelle continued to work as the vice president for community and external affairs at the University of Chicago Hospitals. She earned $317,000 in 2005 and $274,000 in 2006 before her earnings tapered off in 2007 and 2008 as her husband ran for president. In 2005 and 2006, she served on the board of publicly traded TreeHouse Foods, earning more than $80,000.

Then came the big money. In the two weeks before he was inaugurated as the 44th president, Obama reworked his book deals. He agreed not to publish another non-fiction book during his time in office, while signing a $500,000 advance for a young adult version of Dreams From My Father. He also finished the manuscript for Of Thee I Sing: A Letter To My Daughters, which was eventually published in November 2010. He donated all post-tax profits from the children’s book to provide scholarships for children of wounded and fallen soldiers.

Over the next eight years, the Obamas made $10.8 million. Obama reported earnings of $3.1 million before taxes from his presidential salary (averaging $392,000 a year). Roughly $120,000 came from interest and dividends on investment holdings, which included U.S. treasury bills and an array of diversified funds.

The Obamas also turned into philanthropists. From 2000 to 2004, they disclosed charitable donations of just $10,770 on their tax returns, less than 1% of their total earnings. But from 2005 to 2015, they gave away $1.6 million, or 8% of their earnings.

Obama made less money every year he stayed in the Oval Office. His earnings started at $5.6 million in 2009 before dropping to $450,000 by 2015, as royalties from his books declined. He has not released his 2016 tax returns, but there is no indication that his earnings picked up during his final year in office.


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Last edited by Sofla; 09-20-2019 at 11:27 PM.
  
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09-21-2019, 04:50 AM

Voodoo economics. His 8 years were a case study in what to do when you have no clue what to do. The bond market will never forget barry. Mrs 0 interest rate.
  
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09-21-2019, 05:31 AM

If it weren't for the Recovery Act Bush would have destroyed the country.

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09-21-2019, 05:51 AM

Quote:
Originally Posted by 336Robin View Post
If it weren't for the Recovery Act Bush would have destroyed the country.

Attachment 530330
If you think that every single economic snafu that led to that implosion, happened under Bush II, then you have a little more research to do.


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09-21-2019, 06:37 AM

Quote:
Originally Posted by j2pac View Post
If you think that every single economic snafu that led to that implosion, happened under Bush II, then you have a little more research to do.
So you're going to tell me a democrat president snuck in there and did all that right?

Regardless of the reason, it took a Democrat "Obama" to fix it.

I think that's pretty accurate.


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09-21-2019, 06:51 AM

Quote:
Originally Posted by 336Robin View Post
If it weren't for the Recovery Act Bush would have destroyed the country.

Attachment 530330
Robin, it's comments like that really make me wonder. Do you actually believe that idiocyor are you just trying to take a swipe at Bush to stir stuff up?

Let me introduce to you, Dodd and Frank. Go educate yourself on the "work" they did.


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09-21-2019, 06:53 AM

Quote:
Originally Posted by 336Robin View Post
If it weren't for the Recovery Act Bush would have destroyed the country.

Attachment 530330
Pretty chart you made there. Flip it over.
  
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09-21-2019, 07:11 AM

Quote:
Originally Posted by strmanglr scott View Post
Robin, it's comments like that really make me wonder. Do you actually believe that idiocyor are you just trying to take a swipe at Bush to stir stuff up?

Let me introduce to you, Dodd and Frank. Go educate yourself on the "work" they did.
Its always someone else's fault isn't it. Doesn't have a damn thing to do with a failure for a President?


What is the Dodd Frank Act summary?
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail,"
to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.

So if the financial corporations can't prey on the public, you're telling me the country is supposed to go to hell? There is something wrong with your idea
of what a business model should be. Businesses aren't supposed to need predatory practices and our economy is supposed to be stable not hot or cold.


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09-21-2019, 07:16 AM

Quote:
Originally Posted by 336Robin View Post
Its always someone else's fault isn't it. Doesn't have a damn thing to do with a failure for a President?


What is the Dodd Frank Act summary?
To promote the financial stability of the United States by improving accountability and transparency in the financial system, to end "too big to fail,"
to protect the American taxpayer by ending bailouts, to protect consumers from abusive financial services practices, and for other purposes.

So if the financial corporations can't prey on the public, you're telling me the country is supposed to go to hell?
I'm not going over this BS again. Your first line here is pure hypocrisy since you just put blame on someone else.


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09-21-2019, 07:18 AM

Quote:
Originally Posted by strmanglr scott View Post
I'm not going over this BS again. Your first line here is pure hypocrisy since you just put blame on someone else.
That would be a good idea because you don't have squat.

Bush was destroying the economy and Obama saved it. I'm glad we agree.


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09-21-2019, 07:24 AM

Quote:
Originally Posted by 336Robin View Post
So you're going to tell me a democrat president snuck in there and did all that right?

Regardless of the reason, it took a Democrat "Obama" to fix it.

I think that's pretty accurate.
Just like your mental process

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