OBAMA BUYS $40 MILLION ESTATE IN HAWAII

Weekly World News ^ | 10/23/2012 | Frank Lake

[IbJensen]

President Obama and his wife just closed on a mansion in Hawaii and plan to move – in January 2013!

Barack and Michelle Obama will be moving to Hawaii in January of 2013. They have just purchase an estate in close proximity to land owned by the University of Hawaii, where the Obama presidential library and “political center” will be located. The estate is valued at $40 million.

This story was broken by Hillbuzz.org .

Reports out of Washington are that Barack and Michelle are counting on a loss in November and are anxious to return to Hawaii to start their new life. “They want the kids to attend high school in Hawaii, and they want to be as far away from Washington as possible,” said a source in the White House.

Michelle does not want to move back to Chicago and its winters and Michelle’s mother, who’s been living in the White House with her daughter and her family, is “absolutely thrilled” to be relocating to Hawaii.

In fact, Michelle Obama’s mother, Marian Robinson, has been bragging about getting to live in Hawaii next, in a $40 million beachfront mansion after leaving the White House. ”It was fun while it lasted”, Miss Marion is quoted by Chicagoans as saying, “but wait until you see the place they’re buying for Michelle and Barack!”

Here she is with a picture of their mansion in Hawaii:

For the past year, Democrats have been working on locating acceptable property in Hawaii for the Obamas to live. The land and its complex of buildings will be ready to move-into in January and has met all the requirements the Secret Service demands since the Obamas will be granted continued protection, by law, for nine years after Barack leaves office.

The Reagans, Clintons, and second Bush family all had their post-presidential homes purchased quietly on the side by friends when their times in office were coming to an end. The Obamas are doing the same thing now.

The woman who is organizing the funding of the Obama’s post-presidential estate is Penny Pritzker (pictured above with the Obamas). She is also in charge of raising the donations for Obama’s presidential library and museum. Pritzker is a billionaire who in recent years resolved a long-standing family feud over her late father’s vast business empire that includes the Hyatt Hotel chain as well as assorted manufacturing operations.

The wealthiest families in Chicago are being leaned on heavily to contribute with Penny aggressively guilting them with “appeals of you don’t want the President to be homeless in January, do you?”

There’s a movie theater in the mansion and it already is set up to play ALL of Obamas speeches over the last 20 years – in a continuous loop.

Joe Biden was also interested in buying a house in Hawaii, but the Obamas are encouraging him to find a place in Florida. “Joe will be much happier there and the Obamas… well, they’ve seen enough of Joe,” said a source in the White House.

Even though the polls in the Presidential election are close, President Obama is already making his plans for January.

SO, the Obamas will be leaving the White House soon… Hawaii, here they come!

[VanDeKoik]

Compared to what we pass off as newspapers now?

[TomGuy]

Wait a sec, he only earns $400,000 a year as Preisdent. I’m guessing he had a lot saved up?

Recall in 2008 how McCain was always low on campaign funds.

However, when he re-ran for his Senate seat in 2010, he 'borrowed' $20 million from his presidential campaign fund.

==

RANT: That $$$ was for his president run. Had he used it for its intended purpose, he might have one. What gives him the right to use it for a race for another position????

Too bad McCain didn't pass some type of campaign reform during his Senate career. [/sarcasm]

[Paladin2]

"Hawaii is about 5 hours from LAX by air ... a little over 2500 miles. Sydney Australia from LAX is about 12 hours. "

you're neglecting TSA delays and on the ground delays when AF1 is near/at the airport.

[BuffaloJack]

I assume that this purchase constitutes Obama’s concession speech.

[Safetgiver]

you don’t want the President to be homeless in January, do you?” .....Uh, actually YES.

[trublu]

$40 million? The POTUS makes $400k per year. His 2 years as US Senator earned him a total of about $400k.

To quote himself, “The math doesn’t work.”

[2010Freeper]

The Obamas never bought anything themselves! They will milk the system, donors, etc. and have whatever mansion gifted to them. I just hope that it is not with taxpayer dollars that they get from all the stimulus green job investments kickbacks!!!
The good news is that Hawaii is as far away as possible within the US.
I would prefer an all expense paid housing in orange jumpsuits for both our current White House inhabitants!

[StAnDeliver]

"The story has been out there for several weeks. Initially, the Obamas were rumored to be looking at one 'estate' but the deal fell through when word leaked out and the owner(s) didn't want the publicity. Thus, they settled on a 2nd 'estate' until they can construct their own multi-million $ home."

Wait, are you saying Pritzger's Lanikai purchase fell through? Where did you read that?

[freekitty]

OK, what’s the real story? It was reported they weren’t buying this estate.

[Smokeyblue]

Just like a Banana Republic. The junta leaders retire to resplendent luxury in exile.

[Mountain Mary]

Since they dont’ like each other, I hope there is a guest house.
Have heard about this mansion plan from several other sources. It makes sense. They love Ha. and Marion runs the show and wants out of DC badly.

But Aunt E. and Erkel cohabitating for any length of time? Not likely.
Bam has surely already checked out the gay nightclubs.

[CreviceTool]

I lived in Hawaii and I cannot find a local source to corroborate this story. Plus, the amount supposedly paid is bouncing around from $32 to $40 million now!?!

I call Bravo Sierra until I see something real.

[CheneyChick]

At least he’ll have Obamacare medical coverage. Oh wait, never mind.

[RummyChick]

Hillbuzz said it is a done deal but it is not that particular estate.

The woman behind Hyatt is helping finance the deal on the house.

[MEGoody]

Um, that picture of the lady holding the picture of the mansion - is that supposed to be Michelle or her mother?

[DJtex]

I hear that Penny Pritzker, the Hyatt heiress from Chicago is buying this for them with some other donors.

The deal on this house was queered by early publicity so they are moving into a “not as nice” house while a new mansion is built for them near the new Obama Presidential Library on Oahu.

[beethovenfan]

I hope it has roaches.

[MarkL]

IIRC, if you gift more than $11,000 in a year to an individual, anything over that is hit by a "gift tax" of 55%, and that is paid by the giver. The recipient is not liable for any taxes. I believe that the gift tax can be waived for up to 1 million dollars, however, that is then subtracted from the giver's death tax exemption. So if the giver gives 1 million dollars in total, the death tax kicks in at the first dollar of the giver's estate when he or she dies.

But I'm sure that none of that will matter. Laws don't apply to scumbags like them. And of course, we'll keep on paying for them.

Mark

[IbJensen]

That be Moochell’s Mammy.