Martinhouse
Deceased
The pictures of that place show all as cold and hard. I might call it a house, but it sure doesn't look much like a home.
I would love for someone to explain how Barack and Michelle can lease a $5.3 Miliion Home?
- Thread starter michaelteever
- Start date
More Fake News....just like the supposed $1.5 billion transferred to Quatar....more Fake News.
Possible Impact
TB Fanatic
Washington DC is a Sanctuary City for Undocumented News...
Tennessee gal
Veteran Member
We can only hope!
Texican
Live Free & Die Free.... God Freedom Country....
Flippper
Time Traveler
My understanding is that you don't make squat writing books unless you're uber famous, I've heard many authors say this, Stan Deyo, Tom Horn and others. Maybe he hit the jackpot of luck and made bank, who knows?
Nobody ever heard of that goon before he ran for POTUS, I'd guess he cost the publisher money as he's not an author. I recall a community organizer being interviewed on a talk show saying he, nor anyone else in the CO circles in Chicago ever heard of him, the guy being interviewed seemed pretty sure oboob was lying about his CO experience along with everything else.
Be Well
may all be well
Be Well
may all be well
Close to Podesta the Molesta's house, too.
It badly needs Persian carpets, dog beds scattered on the floors, cheery crochet throws, and about a hundred potted plants - some in macramé hangers. I'd haul in a piano and add some fish tanks too. Some of that useless fussy furniture has to go in order to make space for book cases.
Tortie
Veteran Member
O has already checked in with his fans on Twitter, saying that he and Michelle will be back to work soon. He has set up a website but I do not know the address. I guess he will sit in house giving his opinion on everything President Trump says and does on his website and on Twitter.
Rastech
Veteran Member
There are different types of leasing agreements, including Lease Purchase (what you lease becomes your property at the end of the leasing term - I used to buy cars like that for business, as all costs were tax deductible.
It can also be a cover for 'brown envelope' donations (someone else pays the lease for you).
PS Didn't the Obama's already spend a fortune on a new mansion in Hawaii, during his first term?
It can also be a cover for 'brown envelope' donations (someone else pays the lease for you).
PS Didn't the Obama's already spend a fortune on a new mansion in Hawaii, during his first term?
Bob1313
Membership Revoked
His uncle Sugga is even bigger than Soros, try the house of Saud, unlimited $$$
To me the real question that no one is asking?.............how in the hell could Joe Lockhart afford the place before ovmit? liberal corruption is a hell of a gig
Oilpatch Hand
3-Bomb General, TB2K Army
This is probably it. Somebody else actually is on the hook for the lease, at least for the first term thereof. The Obamas are probably working with money borrowed from well-wishers and supporters, at least until the anticipated cash flow from the lecture circuit starts rolling in. Then they'll settle up with the backers who got them into the house once their personal cash flow becomes more regular.
Of course, it remains to be seen if Obama will be able to command the same speaking fees as the Clintons. If he is unable to at least match those lofty figures (something that is not guaranteed by any means), I would expect deployment of the race card in fairly short order. That would be quite amusing, I think.
Rent on the DC house is $22,000 a month
That kind of Democrat arithmetic is how we got the housing bubble 'explosion'
http://www.businessinsider.com/barack-obama-tax-return-income-assets-2012-9?IR=T
While he was an Illinois state senator, both parents in the Obama family were working
University of Chicago Law School Wikimedia Commons
In his 2004 financial statements, Barack Obama indicated that he had three sources of income. One was an $80,287 salary from the Illinois Senate, where he was a state senator.
The other was a $32,144 salary from the University of Chicago Law School, where Obama taught as a lecturer while he was in the statehouse.
The third was Michelle's salary from the University of Chicago Hospitals, where she was an administrator.
While the picture is fuzzy before 2001, here's where Obama kept the money he made from Dreams From My Father in 1995 and his law career
The Obamas had investments in three different assets in 2004.
First was the Illinois State Senate Pension Fund, which Obama listed as worth something between $50,000 and $100,000.
The other two were investments in funds with Vanguard, the investment management company.
Obama had investments in the Vanguard Wellington Fund, which he evaluated as worth between $100,000 and $200,000. The Wellington Fund consists of around 60 to 70 percent stocks and 30 percent to 40 percent bonds and is essentially a fundamental mutual fund.
The Obamas also had $50,000 to $100,000 invested in the Vanguard Wellesley Fund. This Fund is more bond-heavy than most balanced funds, with exposure to around two-thirds bonds to one-third stocks.
He then scored a huge book deal after the 2004 Democratic National Convention
After giving the keynote address at the 2004 convention as a candidate for Senate — The speech, "The Audacity of Hope," was a slam-dunk that propelled Obama's popularity upwards in the years before his presidential campaign — Obama inked a number of book deals with Random House.
This is the real money.
He signed a deal for 2 nonfiction books and one children's book. One nonfiction would be "The Audacity of Hope," an extended version of his 2004 speech. The children's book — we believe — became "Of Thee I Sing," with proceeds going to charity.
Here are the terms of the book deals that made Obama phenomenally rich
Random House
After January of 2005, Obama will receive a $1.9 million advance on "The Audacity of Hope."
For that book, the deal says that he gets 15 percent of the list price for Hardcover copies, 7 percent of the list price for the trade paperback version, then 8 percent of list price for the first 150,000 issues sold of the mass market paperback, then 10 percent of the list price thereafter.
He also gets 10 percent of Audio book sales. He would go on to win a Grammy for his recording, too.
Random House also republished his 1995 book, "Dreams From My Father," generating more sales.
By 2005, he had money in a number of different assets — including on again, off again political foe JP Morgan
Once he got the money, he didn't just let it sit in a bank account. He invested.
He got a JPMorgan Chase Private Client Asset Management account, worth at least a hundred thousand dollars. His checking account with Northern Trust was worth between $250,000 and $500,000, and he also banked with UBS.
He got $378,237 in royalties from Dystel & Goderich, his literary agent for "Dreams From My Father," and another advance from Random House, $847,167.
By this point, he was worth between $1.1 million and $2.5 million.
From 2006 to 2007, he used the royalties from his books to buy a ton of Treasury notes
During the two years before his presidential run, he cemented his wealth.
In 2006 he got $147,490 for "Dreams From My Father" and $425,000 from Random House for "The Audacity of Hope." In 2007, as his presidential run made him a household name, book sales skyrocketed. He got $815,971 for Dreams and $3.28 million for Audacity.
With the money from this, he made a number of consequential financial choices. He bought somewhere between $500,000 and $1 million worth of U.S. Treasury Notes. He moved the money from the two Vanguard Wellington Mutual Funds to the Vanguard FTSE Social Index Fund, which invests based on "certain social, human rights, and environmental criteria."
In 2007, He also made one of his largest investments in Sasha and Malia's future
Obama in 2007 bought two Bright Directions Age-Based Growth Plans, one for Sasha and the other for Malia.
The plans will pay for their college educations. It's not clear which portfolio he went for — the Balanced, Aggressive, or Growth option — but each was worth between $50,000 and $100,000. By 2010, the portfolios were worth $100,000 to $200,000 each.
The year he ran for President he bought millions of dollars worth of U.S. Treasury Bills
Likely distracted by the race, Obama didn't make any major changes besides investing even more in U.S. Treasury Bills.
By the time he was sworn in, Obama owned somewhere between $1.1 million and $5.1 million worth of U.S. Treasury Bills, comprising most of his net worth. His other assets were worth between $411,000 and $915,000. He did not collect any income from his books.
In 2009, he gave the approximately $1.4 million Nobel Prize money to these charities
When Obama received the Nobel Peace Prize in 2009, he told the prize committee to wire the money directly to the following charities:
$250,000 to Fisher House, which gives free housing to veterans and military families getting medical treatment.
$200,000, plus any remaining unallocated money, to the Clinton-Bush Haiti Fund of the Clinton Foundation, a fund that helped rebuild Haiti in the aftermath of the devastating earthquake.
$125,000 to the American Indian College Fund, which gives scholarships to Native Americans.
$125,000 to the Appalachian Leadership and Education Foundation, which gives scholarships to low-income residents of the Appalachia region.
$125,000 to College Summit, an organization that aims to raise college enrollment rates.
$125,000 to the Posse Foundation, which provides full scholarships to extraordinary high school students.
$125,000 to the Hispanic Scholarship Fund, which gives scholarships to Latino students.
$125,000 to the United Negro College Fund, which gives scholarships to Black students.
$100,000 to Africare, an organization that builds wells and treats disease in Africa.
$100,000 to the Central Asia Institute, which focuses on education and public health, primarily for girls in Central Asia
Besides all of that, Obama is receiving compensation for his day job.
The President's salary is $400,000 per year. By now, he's received $1.6 million for his first term.
As a United States Senator, Obama was making $174,000 per year. Since he spent four years there, He banked around $696,000 over the course of his term.
All told, in his time in federal government, Obama made (pre-tax) $2.3 million.
His estimated net worth is between $2.8 million and $11.8 million in 2010.
While he was an Illinois state senator, both parents in the Obama family were working
University of Chicago Law School Wikimedia Commons
In his 2004 financial statements, Barack Obama indicated that he had three sources of income. One was an $80,287 salary from the Illinois Senate, where he was a state senator.
The other was a $32,144 salary from the University of Chicago Law School, where Obama taught as a lecturer while he was in the statehouse.
The third was Michelle's salary from the University of Chicago Hospitals, where she was an administrator.
While the picture is fuzzy before 2001, here's where Obama kept the money he made from Dreams From My Father in 1995 and his law career
The Obamas had investments in three different assets in 2004.
First was the Illinois State Senate Pension Fund, which Obama listed as worth something between $50,000 and $100,000.
The other two were investments in funds with Vanguard, the investment management company.
Obama had investments in the Vanguard Wellington Fund, which he evaluated as worth between $100,000 and $200,000. The Wellington Fund consists of around 60 to 70 percent stocks and 30 percent to 40 percent bonds and is essentially a fundamental mutual fund.
The Obamas also had $50,000 to $100,000 invested in the Vanguard Wellesley Fund. This Fund is more bond-heavy than most balanced funds, with exposure to around two-thirds bonds to one-third stocks.
He then scored a huge book deal after the 2004 Democratic National Convention
After giving the keynote address at the 2004 convention as a candidate for Senate — The speech, "The Audacity of Hope," was a slam-dunk that propelled Obama's popularity upwards in the years before his presidential campaign — Obama inked a number of book deals with Random House.
This is the real money.
He signed a deal for 2 nonfiction books and one children's book. One nonfiction would be "The Audacity of Hope," an extended version of his 2004 speech. The children's book — we believe — became "Of Thee I Sing," with proceeds going to charity.
Here are the terms of the book deals that made Obama phenomenally rich
Random House
After January of 2005, Obama will receive a $1.9 million advance on "The Audacity of Hope."
For that book, the deal says that he gets 15 percent of the list price for Hardcover copies, 7 percent of the list price for the trade paperback version, then 8 percent of list price for the first 150,000 issues sold of the mass market paperback, then 10 percent of the list price thereafter.
He also gets 10 percent of Audio book sales. He would go on to win a Grammy for his recording, too.
Random House also republished his 1995 book, "Dreams From My Father," generating more sales.
By 2005, he had money in a number of different assets — including on again, off again political foe JP Morgan
Once he got the money, he didn't just let it sit in a bank account. He invested.
He got a JPMorgan Chase Private Client Asset Management account, worth at least a hundred thousand dollars. His checking account with Northern Trust was worth between $250,000 and $500,000, and he also banked with UBS.
He got $378,237 in royalties from Dystel & Goderich, his literary agent for "Dreams From My Father," and another advance from Random House, $847,167.
By this point, he was worth between $1.1 million and $2.5 million.
From 2006 to 2007, he used the royalties from his books to buy a ton of Treasury notes
During the two years before his presidential run, he cemented his wealth.
In 2006 he got $147,490 for "Dreams From My Father" and $425,000 from Random House for "The Audacity of Hope." In 2007, as his presidential run made him a household name, book sales skyrocketed. He got $815,971 for Dreams and $3.28 million for Audacity.
With the money from this, he made a number of consequential financial choices. He bought somewhere between $500,000 and $1 million worth of U.S. Treasury Notes. He moved the money from the two Vanguard Wellington Mutual Funds to the Vanguard FTSE Social Index Fund, which invests based on "certain social, human rights, and environmental criteria."
In 2007, He also made one of his largest investments in Sasha and Malia's future
Obama in 2007 bought two Bright Directions Age-Based Growth Plans, one for Sasha and the other for Malia.
The plans will pay for their college educations. It's not clear which portfolio he went for — the Balanced, Aggressive, or Growth option — but each was worth between $50,000 and $100,000. By 2010, the portfolios were worth $100,000 to $200,000 each.
The year he ran for President he bought millions of dollars worth of U.S. Treasury Bills
Likely distracted by the race, Obama didn't make any major changes besides investing even more in U.S. Treasury Bills.
By the time he was sworn in, Obama owned somewhere between $1.1 million and $5.1 million worth of U.S. Treasury Bills, comprising most of his net worth. His other assets were worth between $411,000 and $915,000. He did not collect any income from his books.
In 2009, he gave the approximately $1.4 million Nobel Prize money to these charities
When Obama received the Nobel Peace Prize in 2009, he told the prize committee to wire the money directly to the following charities:
$250,000 to Fisher House, which gives free housing to veterans and military families getting medical treatment.
$200,000, plus any remaining unallocated money, to the Clinton-Bush Haiti Fund of the Clinton Foundation, a fund that helped rebuild Haiti in the aftermath of the devastating earthquake.
$125,000 to the American Indian College Fund, which gives scholarships to Native Americans.
$125,000 to the Appalachian Leadership and Education Foundation, which gives scholarships to low-income residents of the Appalachia region.
$125,000 to College Summit, an organization that aims to raise college enrollment rates.
$125,000 to the Posse Foundation, which provides full scholarships to extraordinary high school students.
$125,000 to the Hispanic Scholarship Fund, which gives scholarships to Latino students.
$125,000 to the United Negro College Fund, which gives scholarships to Black students.
$100,000 to Africare, an organization that builds wells and treats disease in Africa.
$100,000 to the Central Asia Institute, which focuses on education and public health, primarily for girls in Central Asia
Besides all of that, Obama is receiving compensation for his day job.
The President's salary is $400,000 per year. By now, he's received $1.6 million for his first term.
As a United States Senator, Obama was making $174,000 per year. Since he spent four years there, He banked around $696,000 over the course of his term.
All told, in his time in federal government, Obama made (pre-tax) $2.3 million.
His estimated net worth is between $2.8 million and $11.8 million in 2010.
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dstraito
TB Fanatic
It is the American Political way. The 113th Congress median net worth was over a million dollars -> https://ballotpedia.org/Net_worth_of_United_States_Senators_and_Representatives
They go in fairly poor, they come out rich. Peddling influence maybe?
I don't see how Bambam will have that much influence to peddle anymore, but he opened his foundation already, not letting any time waste.
They go in fairly poor, they come out rich. Peddling influence maybe?
I don't see how Bambam will have that much influence to peddle anymore, but he opened his foundation already, not letting any time waste.
gawarriorqueen
WWG1WGA
I read that he bought a mansion in Dubai because we have no extradition treaty with them.
"Book deal" is a code word for political payoff. Remember Newt?
http://www.nytimes.com/1994/12/31/us/gingrich-gives-up-4-million-advance-on-his-book-deal.html
Gingrich Gives Up $4 Million Advance On His Book Deal
By PETER APPLEBOME,
Published: December 31, 1994
MARIETTA, Ga., Dec. 30— Responding to criticism from both Republicans and Democrats, the incoming House Speaker, Newt Gingrich of Georgia, today announced that he would forgo a $4.5 million book advance to avoid the appearance of cashing in on his party's victory in the November elections.
/snip/
Sorta like Hillary's 'cattle futures' deal.
http://www.nytimes.com/1994/12/31/us/gingrich-gives-up-4-million-advance-on-his-book-deal.html
Gingrich Gives Up $4 Million Advance On His Book Deal
By PETER APPLEBOME,
Published: December 31, 1994
MARIETTA, Ga., Dec. 30— Responding to criticism from both Republicans and Democrats, the incoming House Speaker, Newt Gingrich of Georgia, today announced that he would forgo a $4.5 million book advance to avoid the appearance of cashing in on his party's victory in the November elections.
/snip/
Sorta like Hillary's 'cattle futures' deal.
pinkelsteinsmom
Veteran Member
This...............they have billions stashed away from looting the "green energy" companies they formed, funded and the sent to bankruptcy. These marxist pukes have salted away billions in order to fight us, wait and see.
NoDandy
Has No Life - Lives on TB
Yep. I have long believed that most US paid " foreign aid ", is funneled back to presidents & Congress critters, unbeknownst to us simple taxpayers. No wonder they all enter office with nothing, and retire as multi millionaires.
We need to abolish all " foreign aid " !!!
Apparently to rent a 5 million dollar house would cost between 0.8 and 1.1% in monthly rent, say 40,000 per month, thats 480,000 pa so if he has a small fortune of say 6 million it would soon be wiped out, unless he still has a sizeable income coming in, which he hasn't except from his investments which aren't that much.
http://homeguides.sfgate.com/much-should-charge-rent-house-8314.html
The amount to charge in rent is directly related to the home’s value. Landlords charge between 0.8 and 1.1 percent of a home’s value in monthly rent.
http://homeguides.sfgate.com/much-should-charge-rent-house-8314.html
The amount to charge in rent is directly related to the home’s value. Landlords charge between 0.8 and 1.1 percent of a home’s value in monthly rent.
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Thunderbird
Veteran Member
"Book deals" are obviously the money laundering scheme of choice for the elite. All of the wealth accrued while in office should be confiscated as it it can only be acquired by malfeasance.
WildDaisy
God has a plan, Trust it!
Each former president receives the same salary as a current member of the Presidential Cabinet. For 2013, the amount was $199,700 per year. This number does not take into account the extras the former leader is entitled to including a $96,000 stipend for office staff payroll and free postage for life.
Before Obama left office, he gave himself and former presidents a pay raise. They now get $203.700 a year and an additional $25,000 for the stipend (making it $121,000) plus they have a pool of money in the Congressional Budget for former presidents to use of $3 Million. Not to mention any money they charge for future speaking engagements. Clinton earned $132 MILLION last year for paid speeches.
Republicans in the House and Senate have introduced legislation that would cap annual pensions for former presidents at $200,000. Additionally, the bills would cut each pension by a dollar for every dollar the former president earns over $400,000 in the private sector in a given year. The measure was approved by the House in January with bipartisan support.
So Clinton just lost his pension.
Just in case you were wondering what Laws or Exec Orders Trump has already signed on his first day
- He stopped the "penalty" fees for not having insurance from being levied against citizens who do not have healthcare, along with any other financial burden or fines levied against state, local, or individuals as it related to the ACA.
- He signed the confirmations of two of his cabinet members
- He signed an order to roll back the discount fees for the federal mortgage program. This would safeguard the middle class from being the ones on the hook to pay for busted banks should large groups of people default on their low cost home loans. Obama had passed a discount rate so more people could purchase homes with less money, but that has resulted in record number of defaulted home loans as people purchased homes they really couldn't afford, especially when they have lost jobs or reduced wages.
- He stopped the issuance of any new regulations regarding the Health Care Act
- He signed a National Day of Patriotism proclamation
Before Obama left office, he gave himself and former presidents a pay raise. They now get $203.700 a year and an additional $25,000 for the stipend (making it $121,000) plus they have a pool of money in the Congressional Budget for former presidents to use of $3 Million. Not to mention any money they charge for future speaking engagements. Clinton earned $132 MILLION last year for paid speeches.
Republicans in the House and Senate have introduced legislation that would cap annual pensions for former presidents at $200,000. Additionally, the bills would cut each pension by a dollar for every dollar the former president earns over $400,000 in the private sector in a given year. The measure was approved by the House in January with bipartisan support.
So Clinton just lost his pension.
Just in case you were wondering what Laws or Exec Orders Trump has already signed on his first day
- He stopped the "penalty" fees for not having insurance from being levied against citizens who do not have healthcare, along with any other financial burden or fines levied against state, local, or individuals as it related to the ACA.
- He signed the confirmations of two of his cabinet members
- He signed an order to roll back the discount fees for the federal mortgage program. This would safeguard the middle class from being the ones on the hook to pay for busted banks should large groups of people default on their low cost home loans. Obama had passed a discount rate so more people could purchase homes with less money, but that has resulted in record number of defaulted home loans as people purchased homes they really couldn't afford, especially when they have lost jobs or reduced wages.
- He stopped the issuance of any new regulations regarding the Health Care Act
- He signed a National Day of Patriotism proclamation
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She got one too. I think he still makes $250k a year, if I'm not mistaken.
He's paying $22k a month to lease.
http://www.cnn.com/2016/05/25/politics/obama-kalorama-washington-dc-leases-house/
Barak's first advance was for the Audacity of Hope. Between Barak and Michele they are getting $45 million for their newest books.
http://www.cnn.com/2016/05/25/politics/obama-kalorama-washington-dc-leases-house/
Although the profits from his two major books, The Audacity of Hope, 2006, and Dreams From My Father, 1995, are a big source of his wealth, they are decreasing.
In 2009, Obama’s book sales peaked and he grossed nearly $5.7 million, but by 2010, gross book revenues had dropped to $1.6 million, according to Forbes.
More on:
http://heavy.com/news/2015/11/barac...ia-president-money-salary-pension-books-rich/
To summarise the publicly disclosed sources of his wealth are the previous salaries of Obama and Michelle prior to him being POTUS, his salary as POTUS and subsequent pension and book deals.
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NoDandy
Has No Life - Lives on TB
" The Obamas will lease the home from Joe Lockhart, who served as press secretary in President Bill Clinton's White House, until their younger daughter, Sasha, finishes high school. It was listed for sale at $5.3 million before going off the market in May. "
So, how much does a press secretary earn, to facilitate him buying a multi million dollar shack ?
Folks, it is quite obvious that every SOB in the Fed govt is grossly overpaid ! Besides abolishing a bunch of positions, those that survive should have their salaries seriously, greatly slashed !!
So, how much does a press secretary earn, to facilitate him buying a multi million dollar shack ?
Folks, it is quite obvious that every SOB in the Fed govt is grossly overpaid ! Besides abolishing a bunch of positions, those that survive should have their salaries seriously, greatly slashed !!
Be Well
may all be well
The whole place looks like a torture chamber.
Calhounshd
Veteran Member
Does the President have a discretionary fund? If so, the bucket they keep it in may have a large leak.
I believe he does. (or in this case ...he do)
Clinton had an amount available for his "office" as I recall. (among other things)
https://infogr.am/Bill-Clintons-Federal-Retirement-Benefits
I live out in the bush northern Ontario. a neighbor down the rd is a teacher at the local public school.
he is a 'community organizer' type. he was on town council but quit because he didn't get his way.. anytime.
yesterday his FB had a statement of how sad he was to see Obama go, and be replaced by a...... .... .. (all the words you have read about)
yesterdays post was about the poor showing at the inauguration.. complete with pix.
the pix the msn had with the bare lawn coverings.
myself and another poster, went on to explain that the empty lawn pic was PRE event.
haven't chect today but I,m sure we have both been blocked. lol
vector7
Dot Collector
Obama Administration Quietly Released $221 Million To Palestinian Authority Before Leaving
January 23, 2017
Officials say the Obama administration in its waning hours defied Republican opposition and quietly released $221 million to the Palestinian Authority.
GOP members of Congress had been holding up the money.
A State Department official and several congressional aides say the outgoing administration formally notified Congress it would spend the money Friday morning, just before Donald Trump became president.
More than $227 million in foreign affairs funding was released at the time, including $4 million for climate change programs and $1.25 million for U.N. organizations.
At least two GOP lawmakers had placed holds on the Palestinian funds. Congressional holds are generally respected by the executive branch but are not legally binding.
The official and the aides weren’t authorized to speak publicly on the matter and demanded anonymity.