People ask me all the time; “what drives your hatred of the Democratic Party and the Democrats in general?” This below would be a good start:
President Barack Obama and his wife, Michelle, own assets worth $1.9 million to $6.9 million, according to financial disclosures released Friday.The Obamas, employing a cautious investment strategy while in the White House, hold much of their wealth — at least $1.25 million — in Treasury notes and bills. They also have retirement savings in Vanguard index funds, plus checking accounts at JPMorgan Chase & Co. and Northern Trust Corp.The Obamas’ wealth, if at the top end of the range, is almost enough to place them in the top 1 percent of U.S. households. Their net worth is little changed from last year, when their assets totaled $2 million to $7.1 million.Federal law requires the president, senior administration officials and members of Congress to report their financial holdings annually. The forms compel disclosure in broad ranges and don’t cover personal residences and federal government retirement plans.Those limits allow only a partial view of their net worth.According to tax returns they released earlier this year, the Obamas’ adjusted gross income of $477,383 in 2014 was the lowest for any year since 2004, when Barack Obama was elected to the U.S. Senate. Sales of their books have declined since he was elected president.The Obamas hold $200,000 to $400,000 in college savings accounts for their two daughters. The president earlier this year asked Congress to limit the tax break for future plans organized under section 529 of the Internal Revenue Code. He later backed away from the proposal.
Source: Obamas’ Net Worth as Much as $6.9 Million, U.S. Filing Says
Now, do I hate the President for being successful? No. I highly dislike the President and the Democrats, because of their blatant hypocrisy! Democrats are all like, “We’re fighting for you! We’re on your side!” Truth is, them people do not give flying flip about the poor, the downtrodden, the unemployed, blacks and other minorities —- they could honestly care less about any of those people. They only see the poor, minorities and the working class as a source for votes. They also see the middle class, working folk, as a source of tax revenue to keep their socialist programs afloat.
This is why personally, I feel, if the Democratic Party is still the part of American populism; then they should dump Hillary Clinton and pick someone, of the likes of Bernie Sanders to be the next Democratic Party Presidential Candidate. However, as we all know; the Democrats won’t do that; as Bernie Sanders does not do the Democrats dance well enough to suit his party and such the Democratic Party media lapdogs attack him as somehow or another being, “unelectable.”
Now, if the Neoconservative controlled and financed Republican Party had any sort of common sense; they would work to lighten the load of taxes on the middle class and empower them to be able to keep more of their money. Laura Ingraham has said this repeatedly. However, if I know this Neocon war party; they won’t do any of that, for the sake of “go along to get along…”
Sad thing too. As the Republican could play that middle class protection route with good success.