Posted on 04/10/2009 2:22:16 PM PDT by happygrl
An examination of the Obamas finances show that they were living off lines of credit along with their salaries until 2005, when the book royalties came through and Michelle received her astonishing 260% pay raise at the University of Chicago.
This reexamination of the Obamas finances was triggered by a Chicago Tribune story on whether the Obamas should refinance their home in Chicago. In addition, it is tax time with tea parties and that is another good reason to take another look.
As we first reported here last year, the Obamas received a better mortgage rate from Northern Trust than the market rate when they bought their mansion in the upscale Kenwood area of Chicago with the aid of now-convicted felon, Tony Rezko. The Tribune story asked mortgage experts if the Obamas should refinance and the answer is no.
But the public record of their spending shows that they had to regularly take out lines of credit to pay their bills. As reported during the campaign, Michelle Obama complained in hard hit Ohio: I know were spending I added it up for the first time we spend between the two kids, on extracurriculars outside the classroom, were spending about $10,000 a year on piano and dance and sports supplements and so on and so forth,
The Obamas were living beyond their means for several years according to an examination of their tax records and their mortgage documents.
(Excerpt) Read more at americanthinker.com ...
We can't impeach him until we control the House and Senate.
But I think he and Michelle may discover a "medical problem" that will require him to quit.
I think he will become so stressed by the weight of the presidency, that he will bail. He is already showing signs that he can't handle the pressure.
and if they did, what did they do with them before the crash?
...with the aid of now-convicted felon, Tony Rezko...
Bears repeating. :)
Yes it does.
Ditto
try reading Tom Roeser at tomroeser.com
He knows a lot about the Chicago Daley Machine and Obama.
According to reports Joe Biden has a net worth of $150K. Neither of them can manage their own money, let alone a country.
Yeah, they probably were flying pzza chefs into Chicago like they are at the WH. Only difference is they are doing it on our nickel.
Totally irresponsible.
Nah, they'll just keep him tucked away and Michelle will get to play Edith Wilson the sequel.
PING!!!
"Why this, Allah? Why now? Haven't I been a loyal servant to you?"
In three years the Obamas will move to Baltimore and Michelle will run for the Senate...{sarc.}
Baltimore can have them.................PLEASE! LOL
To read this, one would almost think the affirmative action couple felt entitled to the good life . . .
I will take a look at it.
And now they “need to get out of the White House.”
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.