Posted on 07/23/2010 1:30:13 PM PDT by afraidfortherepublic
They may live in the White House and be protected by Secret Service agents, but Sasha and Malia Obama still will be expected to line up babysitting jobs when they hit their teens.
Or at least, that is what their father, President Barack Obama, said in a television interview Friday morning.
Photos: Father-In -Chief Photos:The First Family
Asked about the financial advice he gives to his young daughters, the president said, "It's a great question, because -- because so many of the problems that we see had to do with the fact that just basic calculations about compound interest and -- and what that means, you know, kids aren't taught that."
He says Malia, 12, and Sasha, 9, are getting an allowance and have their own savings accounts. Then he added, "They're starting to get old enough where they may be able to earn some money babysitting."
The president said he and his wife, Michelle, are trying to teach their daughters basic concepts about savings and interest, and show them how they can "use the math skills that they're learning in school to figure out that if -- if they keep $100 in their bank account at 2 or 3 percent interest for six months, this is how much money they're going to have at the end of it."
(Where can anyone get that kind of interest on bank accounts these days, Mr. President?)
Of course, we all learned about the Obama girls' allowances back in February 2009 when reports that the two were each getting $1 a week set off a debate on whether that was too low to be effective.
(Excerpt) Read more at cbsnews.com ...
how retarded do they think the sheeple are? oh wait
Sasha is 12. Can’t you just see it next year when she starts babysitting? She’ll drag the Secret Service along.
What is this, farce day? A communist president talking about teaching economics to children? Where’s the Candid Camera?
Awww. How cute! /s
Obama’s money tips to the kids: “Buy Chinese Yuan! Buy Gold! For God’s sake girls, you don’t want to be holding US Dollars by the time I am finished with my job.”
“Sell your bonds, girls. Yesterday.”
gag
why don’t they just apply for permanent unemployment benefits?
Or a fellowship in “african american studies” so they can learn how they’ve been oppressed all their lives in racist sexist America?
“The president said he and his wife, Michelle, are trying to teach their daughters basic concepts about savings and interest”
The words, “practice what you preach” come to mind.
Tip #1:
Spend someone else’s money.
Tip #2
Get stuff for free by peddling influence.
Tip #3
Gather up other people’s money and give a little bit to the cause you claim it is for. Take a taste and give the rest to cronies.
Tip #4
Make sure your cronies give you the appropriate taste of their take.
Tip #5
If caught, scream “Racism!” really loud, and point at the first white person you see. Blame them. The evil white devils deserve it.
If the kids start babysitting then finally someone in that family will have some experience in the private sector. I don’t count jobs given to spouses as a payoff for government grants.
Very few...about the max I’ve seen are some credit unions paying upper 1’s or right about 2% max.
Longer-term CDs also break 2% - but generally 24 mos or more and even that’s a crapshoot.
Well Sasha, first you suck up to traitors in college and get them to destroy your opponant so you can get elected to Congress. Then you shmooze with Democrat bankers who pay you off when you pass laws to shovel them money as president, and then you have to understand compound interest, because that’s the mechanism that converts your payoff into some real numbers during the years you’re selling out your country.
But don’t worry about it, just do what your Blackerry tells you to do and everything will work out fine.
I bet they could get Kevin Jennings to help setup and run the White House day care center.
Oh for cripes sake, first of all Barack Hussien 0bama, all praises be upon
him, has never held a real job in his life and doesn’t know dick about
finance. Nor does his cabinet.
Second, are they really going to send them on a baby sitting job with a SS
agent? If they did it would be just for a photo op. What a bunch of BS.
If he gives them $600 a year in allowance will he also have to give them a 1099?
Good point!
I just bought my first CD, and was lucky to find a promotional 1.29% rate with a 13-month term. Everything else was under 1%.
Tip 1: Get a government job.
...... the redistribution of our taxes .
It would be damned funny if they were baby sitting and some silverware went missing.
I don’t know about the daughters but I know the Secret Service could pass a polygraph and that Odinga couldn’t!
From today’s headlines. Here is the real lesson these sleaze bags are teaching-
“White House predicts record $1.47 trillion deficit; The government is borrowing 41 cents of every dollar it spends”
Great so to “teach his daughters about money” he is going to send them off to babysit. The daughters will earn $50 bucks or so each time they go to babysit and the American taxpayers will spend tens of thousands of dollars on all of the Secret Service work involved.
Sasha and Malia,
Look here you little punishments. Grow up and get some suger daddy to pay your way through college. Learn to lie to peoples faces but have a message the sheeple want. You see democrats need someone to lead them around as they can’t stand living in a free country. Get elected and live off of other peoples money. That’s how I did it and you can too.
Your Dad,
Barack Hussein Obama
“If he’s white, then he owes you”. Nuff said.
Not only that, but I wouldn’t leave my own children alone for more than 15 -30 min max, when they were that age. My daughter did help a neighbor a couple of days a week during the summer as a “Mommy’s Helper” but the Mom was in her office (worked from home).
Hell, I would hire her! Think about that, you hire Sasha for $2 an hour and you get a full Secret Service compliment to guard your house for you!
Rule 1:
Wait for me to get thrown out of office before investing in the stock market.
Rule 2:
Here’s a credit card, charge it until it’s maxed out then I’ll get you another one, keep charging them up until you rack up a massive debt and then I’ll bail us out on my last day in office.
Let’s hope he meant that he doesn’t expect to be in the White House when the girls hit their teens. If the Secret Service detail would be forced to go along so the girls could get experience “earning money” to save and learn the value of investing, I think we should all disabuse him of his trip over a dollar to pick up a dime mentality. I’m sure he’s just thinking of when he and Michelle are back in Chicago...well, pretty sure. Then, again...No! He surely isn’t that obtuse. Can’t be..
Just give them a credit card and tell them to spend spend spend.
No limit.
Children of former presidents are protected up to the age of 16. The daughters will be 14 and 11 on in 2012.
They'll have to, because momma and daddy will be out of work.
It is very suprising the media doesn’t attack his kids like they have Sarah Palin’s. what gives?
I thought Clinton stopped all that. If not, “Oy!”
Nah, they’ll both get credit cards and - CHARGE! When the bill comes due they’ll get another card to pay off the first ones.
This is desperate ‘fireside chat’ talk. Nasty times we’re in. Just throw hussein in a sweater and put him on tv each weekend to say how miserable everyone is. I barely remember the 70’s, but that’s one of the unpleasant things I do remember.
How sweet! Is Daddy going to let them spend some of their savings when they vacation on the Florida side of the Gulf Coast this weekend?
Would you want the Obama daughters to babysit your kids - and I’m not talking becuz of her parent’s politics ...
I’m talkin’ a pre-visit from the SS, collection of you and your family’s fingerprints [paw prints for the dog and cat], background checks, interviews with your neighbors, etc.
Then, they sweep your house for bugs - and when the girls come over to babysit, you have to have coffee and snacks for their SS guards ...
“Honey, if you run out of money, remember, you’re black and it’s not fair others have cheated you out of your fair share. Just ask me and I’ll spread some of other peoples’ wealth your way, because it’s the right thing to do.”
- Barack’s Money Tips for Kids
I think an artwork piece of this just got inspired for me.
“If he gives them $600 a year in allowance will he also have to give them a 1099?”
I’m pretty sure you have to purchase a good or service for which you pay $600 or more. But I’m sure an enterprising lawyer could argue that the First Kids provide Obama with some of the precious little positive media coverage he gets these days, so that’s a service well worth $600 or more. But in that case, he’ll have to file a 1099 (or perhaps name a czar to do so).
...............Here’s how another enterprising teen made money for a new computer: Michigan teen farms her backyard ...........
Sorry, your link forces me to accept cookies from the NY Slimes. I’ll never do that.
Then you’ll miss an impressive story. Plug the title into the FR search box and you should come up with the same story, although to read all of it you’ll have to go to the NYT eventually.
Your screen name belies your post.
Scroll down for the picture. Also scroll down to access a copy of her business plan. She is one smart cookie.
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