Allen B. West

Obamas’ net worth jumps 438% since taking office

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One of the great things about America is that just about anyone can become wealthy through great ideas and hard work. You’d think that would be celebrated, but one of the most divisive themes emanating from liberal progressive socialists — especially President Obama — is resentment against the wealthy, the one-percenters and those who “did not build that.” We’re constantly bombarded with empty speeches about shared prosperity and income inequality.

So add to that list of the wealthy one-percenters the president himself. According to financial disclosure forms released this week, the president and first lady listed assets worth between $2 million and $7 million for 2013, of which $1 million to $5 million were in Treasury notes, as reported by International Business Times.

I can’t help but note that the Obamas’ net worth at the end of 2007 was “only” $1.3 million. The $7 million figure represents a 438% increase! Yes, I’m sure that’s change he can believe in, but what about the rest of us?

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I don’t begrudge the Obamas – or anyone for that matter — but I do have an issue with the apparent “do as I say, not as I do” mentality that drives the messaging of progressive socialists. It’s as if a new soviet-style politburo is being established, one of political, media, and entertainment elites — and the rest of us schmucks for whom they possess a certain level of disdain.

The Obamas reported income of $503,183 in April last year, of which $400,000 is the president’s salary of $400,000. In the financial disclosure form, which permits public officials to list their assets in broad ranges, the president reported outside income from book royalties, including Dreams from My Father, The Audacity of Hope and Of Thee I Sing: A Letter to My Daughters

    , and investments worth between $180,000 and $482,000. Their assets also include Vanguard retirement funds and college savings plans.

    The president also reported a 30-year mortgage of between $500,000 and $1 million on his Chicago residence at a 5.625 percent interest rate – gee, is this the same house sold to the Obamas by Tony Rezko?

    I’m truly glad the Obamas have achieved the American dream of becoming millionaires. I just wish they would get out of the way and afford other Americans the opportunity to achieve the same — and stop with the progressive socialism that seeks to make us average, not exceptional.

    Who says politics doesn’t pay?

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