UPDATE ON OBAMAS’ HAWAIIAN ESTATE PURCHASE: Property has been bought on Oahu...

Three separate sources have confirmed to me that a “blind trust” or a “family trust” setup for the Obamas with the help of wealthy Chicago banker Penny Pritzker has purchased a property for Barack and Michelle and their family to move into when they depart the White House in January 2013. I’ve been chasing this story since late-August of this year when it came to my attention through sources in the Chicago black community that Michelle Obama’s mother, Marian Robinson (“Miss Marion” as she is called by her friends on the ground here), had been bragging to chums back home that she’d soon be living the rest of her days in tropical paradise on the island of Oahu. You can read the collected investigative report on this story HERE.

It appears the Obamas will, however, be moving into a different estate than the one we all at first believed they were purchasing; THAT property was the one in Kapalua that was featured on the remake of Hawaii Five-O (pictured above in the graphic of Miss Marion). I believe our coverage of this purchase may have spoiled that deal and forced Pritzker and other Obama backers to locate another post-presidential home for the Obamas since it’s clear to all in Chicago that he is not going to win reelection. This real estate deal involves a “trust” and the purchase has either been made or is in the final stages of going through as of 10/25/2012.

Miss Marion was scolded by the current president — whom Chicagoans call “Bathhouse Barry” for his closeted gay lifestyle and enjoyment of man-on-man shenanigans in bathhouses back in his Illinois state senator days (and similar antics in the private locker rooms and steam/sauna areas of the golf resorts he visits so frequently…despite never improving his swing or game) — but the “First Grandmother” has never and will never be afraid of her “punk*** son-in-law”, as she refers to him. One source who remains close to Miss Marion said, “She thinks it’s funny. Hilarious. Barack was screaming at her to stop telling people things and she just stared at him like she always does and didn’t pay him no mind at all. She does this thing when he talks that he hates, like this [puts index finger in mouth and makes popping sound by pulling it quickly out of her cheek]. Miss Marion loves to provoke him and get his temper up because she likes hearing him get all high-pitched and red in the face like a little girl. Then Miss Marion mocks him like he’s one of her granddaughters having a tantrum. It’s funny. He’s screaming at her and she stares him down and makes that popping sound and he gets so mad but he can’t do sh*t to her and he knows it. Michelle would beat his *** if he touched Miss Marion and everyone knows it”.

Additionally, I have been receiving reports that many of the young staffers that Obama took with him to Washington are actively seeking jobs for February 2013 or sooner. One of my contacts is a headhunter here in Chicago who has already fielded calls from “10 or 15″ Chicago-native Obama White House staffers who are moving back to the Illinois in January of this year; they are clearly looking to get a jump start on the search in the job market that Barack Obama helped tank and they do not want to be unemployed or allow too much time to pass between working in the White House and scoring a high paying position in a corporate setting (if they can find one). My headhunter source tells me some of these people are already having interviews and might actually leave before Mitt Romney’s inauguration on January 21st, 2013. “They need to get out before the investigations start and suddenly saying you worked for Barack Obama becomes a red flag on your resume instead of a prestige listing”.

The reason for the push to find jobs immediately is pure supply and demand in a tough job market and also the fact that once Obama’s defeated the Democrat Civil War will begin, where Clinton loyalists will start work purging all the Obama operatives from the party and attempting to restore the public’s faith in the Democrat brand by eliminating all traces of Obama from the DNC. This means that once they leave their White House positions the young Obama staffers will have a hard time finding new jobs in Washington DC because the Clintons will punish anyone who hires them. The Clintons want all the Obama acolytes gone so that in the next four years the Party can try to pretend that “The Golden Age of Hope and Change” never happened at all (much like Democrats isolated and banished most of the Carter people when they finally rebranded the Party as centrists under the Clintons).

Obama’s young staffers (many of whom are under 30) are thus facing a situation where they will be out of work when Bathhouse Barry leaves office…the usual places that White House staffers land after a failed administration will be closed off to them due to the Democrat Civil War that Hillary Clinton is going to orchestrate…and corporations looking to curry favor with the new Romney White House will be reluctant to hire Obama staffers into their ranks.

So, these young men and women are in a panic and are looking for work here in Chicago…a place where they feel their Obama connections could still be worth something. Almost none of these people will be going to Honolulu with the Obamas when they move there because his “Center for Social Justice” being built at the University of Hawaii is not going to be either funded or up and running for a LONG time. Penny Pritzker was trying to raise money for that while pulling together the “trust” that purchased the Obama family’s new home near Honolulu…but the usual wealthy donors are not writing checks for this project because they don’t want to anger the Clintons, who are largely seen as taking back the party starting November 7th.

No one wants to land on Hillary Clinton’s enemies’ list by being too generous to Barack Obama’s post-presidential plans; Hillary thinks that money can be better spent repairing the damage the Obamas did to the Democrat Party brand and wealthy donors who want favor with the Clintons after the Civil War ends with her victory need to remember that she can do more for them in the future than Obama ever can (or would) do. My source in the Pritzker orbit says that these days Penny “looks like Hell, is not sleeping, and cries a lot because she’s under so much stress” because she can’t raise the money like she used to. Many wealthy Chicago families have told her they’re not writing “one more damn check to him” and that backing Obama to begin with was a giant mistake. The general consensus is that everyone was foolish not to let Hillary be president first and then allow Obama to be her VP…and they all could have had 12 or 16 years in the White House instead of only four. “Penny stopped combing her hair and she’s coming into the office not brushing her teeth, not washing her face, just not taking care of herself at all. She’s one of the wealthiest women in the country but if you saw her on the street you’d slip her a five to buy her a sandwich because she looks like a homeless person she’s under so much stress”.

Penny Pritzker is being personally blamed for the fact that Democrats will now be out of office for many years, because if not for her early money and pressure on wealthy Chicagoans then Obama would not have been able to eclipse the Clintons for the nomination. After November 7th, when the Democrat Civil War really kicks into gear you should expect to hear people talking about how Penny personally threatened people back in 2008 that if they did not raise large sums for Obama that she’d call them racists and would “blackball them” in Chicago social circles. All of this will come out once the Obamas are out of power. One source in Chicago’s development community told me that Penny’s “going to be run out of town on a rail for what she did to get that early money for Obama”. No one has forgotten the threats and hard sell she made…”memories are long but the knives are longer” is how this was put to me.

In January, the Obamas will flee Washington on a 747 that used to be Air Force One and will land in Honolulu much like Ferdinand and Imelda Marcos thirty years before them. Like the Kennedy family, their estate will be owned and managed by a “trust” that I hear alternately referred to as either a “blind trust” or “a family trust”; I am not a financial expert and don’t know how those two entities differ, but the point of this trust is to obscure where the money came from to fund the Obamas’ post-presidential luxury. Rumor has it that a large share of the funding is coming from the Saudis…but that Penny Pritzker herself could be paying for a lot of it since she was unable to meet her fundraising goals for this “urgent project”.

As we’ve reported earlier, you need to watch closely what happens between November 7th and January 21st because the Obamas have made it clear that everything is for sale in terms of appointments, pardons, flights on Air Force One, etc. while they still have the ability to make these things happen. Look for there to be nonstop activity in terms of appointing all sorts of people to various prestigious positions even if they only get to serve in them for a few months (or even weeks…or days). What you need to remember is that once someone is an ambassador, for instance, for the rest of that person’s life he or she will be called Ambassador So-and-So. In many cases, these positions also carry automatic pensions so if the Obamas appoint someone to a high post and the person serves there for only a single day…that person might be entitled to draw a lifetime pension from taxpayers for that “service”. It’s really the honorifics that are truly for sale, though. Pritzker appears to be the one in charge of coordinating all of this…with her office promising that if wealthy donors help fund the post-presidential trust and start the funding for the library and “Social Justice Center” that the reward will be a position of “great importance” that will then afford them a fabulous title for their business cards or tombstone.

And then there are, of course, those who will be getting full pardons before Obama leaves office; keep your eye on Conrad Black and see if you can figure out what’s going to happen with his felony conviction before twelve noon on January 21st, 2013. Black is just the tip of the iceberg, too. An entire rogues’ gallery will be pardoned…and a great deal of them will be Muslims convicted through the years on terror-related charges. THIS will be Obama’s parting gift to the Clintons and the Democrat Party…the pardoning of Muslims connected to terror who will then be released as he leaves office. This is payment to the Saudis for all they did to bring Barack Obama to the Oval Office.

If you thought the last days of the Clinton administration were bad, just wait until you gape at the Last Days of the Obama Regime.

As much money as possible will be looted from all sources to fund their post-presidential lives.

Every protocol and ethical rule imaginable will be broken in the mad dash to use all remaining time in the White House to issue perks and lifetime honors to as many big donors as possible.

I know some of you out there think the Last Days of the Obama Regime will involve Bathhouse Barry doing evil things to purposefully harm the country but I want to be clear here: THAT IS NOT GOING TO HAPPEN because Democrats won’t allow that to happen. The worst you will see is the release of Muslims serving prison terms for terror financing and those men will be repatriated to Saudi Arabia or Yemen. The thinking is that no one in the public will really say boo about the selling of positions and pardons in the last days of Obama’s presidency because criticism of how the Clintons behaved during their last days in Washington didn’t harm either them or the party very much. The Ministry of Truth that is our national media will not cover any of this, of course. They will be too busy calling Americans racist for not giving Obama two terms. But, deliberately doing things to harm the country after he loses the election would make the Democrat brand truly unsalvageable so the worst he will do is grant a lot of oddball pardons that will only make sense if you FOLLOW THE MONEY. I’ll grant you that Obama might personally WANT to do harmful things…but he will not be allowed to do so since the grown-ups of the party will be in severe damage control mode beginning November 7th and Obama will be put on a very short leash until he leaves office (except in the area of pardons, which Democrats see as a departing president’s natural money-printing machine and parting-perk of office).

The focus will completely be on raising money for the post-presidency projects and also doling out the quid pro quo owed to all who funded Obama’s brief hold on power to begin with.

Miss Marion, Michelle’s mom, is tickled pink to be leaving Washington for Hawaii. She’s said repeatedly “it was all fun while it lasted” but she actually hated living somewhere that tourists walked through every day. “No privacy in this place and it’s drafty and creepy”, she’s said. “It’s not all that like you’d think it would be. Carpet’s dirty, everything’s old, the rooms are tiny, and there’s always so many white people just hanging around staring at me like I’m about to steal something up in there”. In Hawaii, Miss Marion expects to spend the last of her days sipping drinks, enjoying the “nice breezes” and presumably not being stared at.

Don’t believe what Chris Matthews and Chuck Todd tell you on the tee-vee, folks, because the Obamas are very much prepared for their move to Hawaii in January.

According to what Miss Marion has now said to sources on the ground here in Chicago, the home the Obamas will be moving into was recently purchased within the last two weeks or could still be in the final signing phase…but the only thing I know about the deal is that the purchaser is a trust (“blind” or “family”) and the property is definitely on Oahu; I’m told that the home is not the Kanapali one that we all originally thought it would be…since too much attention was directed at that one. This new house is “not as nice” as the other one, but it appears to be a temporary solution as the plan is to ultimately buy undeveloped land and build a giant house for the Obamas “from scratch” that is specially designed by some “big name architect”. My guess is that will ultimately be Frank Gehry, since the Pritzkers know him well from his designing the Pritzker Pavilion at Millennium Park in downtown Chicago and he’d JUMP at the chance to design former president Obama’s island home.

Who knows if that will ever happen, but if you live in Honolulu you are definitely getting Barack, Michelle, the girls, and Miss Marion as neighbors come January 22nd, 2013.

You get a pension even if you serve for 2 months in some positions? What a deal.

Team Obama can read the “real” internals of the polls and directions and it is perfectly logical they know they are in a no win position.

Obama’s young staffers (many of whom are under 30) are thus facing a situation where they will be out of work when Bathhouse Barry leaves office

Well, the only thing that Barry has been good at -

PUT PEOPLE OUT OF WORK!

My heart bleeds for the junior commies.../sarc

a “blind trust” or a “family trust” setup for the Obamas with the help of wealthy Chicago banker Penny Pritzker has purchased a property for Barack and Michelle and their family to move into when they depart the White House in January 2013

I always figure that no one bribes an ex-president. So when ex-presidents set up trusts and institutes and foundations to manage donations after they leave office, I always assume they are just laundering their subterranean money into daylight. Likewise when they accept partnerships at several million a year with no duties, same thing. Or have books ghost-written for them that no one buys but they collect multimillion dollar advances, same thing.

Rumor has it that a large share of the funding is coming from the Saudis

No doubt but it would be money from his accounts in Saudi banks, again, being laundered into daylight.

But thats just me.

My favorite part:

" My source in the Pritzker orbit says that these days Penny “looks like Hell, is not sleeping, and cries a lot because she’s under so much stress” because she can’t raise the money like she used to. Many wealthy Chicago families have told her they’re not writing “one more damn check to him” and that backing Obama to begin with was a giant mistake."

Well, my favorite, after the bit about Miss Marion punking Barry's sorry ass(ets).

A blind trust is used to manage assets without the beneficiary's knowledge. The Romney's assets are in a blind trust. The point is to remove any conflict of interest.

A family trust is used for estate planning and asset protection. You can gift an interest in your family trust to your kids each year, staying under the gift tax exemption, but retain the assets. By appointing a third party the general partner (and making family members limited partners), the general partner controls the trust. This protects the family trust from liability claims, because the general partner simply refuses to pay the claim.

Residences are typically put into a personal residence trust. There are estate-planning reasons for this, but it is frequently used to maintain anonymity for the owner. The property tax rolls say that the trust owns the residence, instead of an actual person.

Whoever is buying this estate can potentially have some gift tax problems if they simply give it to the Obama's. So, I suspect they will instead "rent" it to the Obama's for a nominal fee. If that is the case, I suspect that it will be a simple revocable trust to obscure the grantor of the trust.

Sorry but Oahu is a very small place for such big egos as the obamas ...and shoppers like mooshelle and her grifter mother

I can’t believe they want to raise their girls on Oahu...not exactly a place with a lot of black folk and black culture. Mooch and her mother are not exactly into folks who are not black

Oahu schools for the girls? (Punahou probably)

If they move to Oahu I think they must plan to keep a govt plane at their disposal for frequent jetsetting

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.