Category Archive 'Obama Real Estate Deal'

26 Feb 2009

Some People Bought Houses They Could Never Hope to Afford

, , , , ,

President Obama comes down hard on people who purchased large houses they couldn’t really afford.

It’s a plan that won’t help speculators or that neighbor down the street who bought a house he could never hope to afford but it will help millions of Americans who are struggling with declining home values.”

0:11 video

08 Feb 2008

Just Plain Folks

, , ,

ABC News photo
Barack Obama and Tony Rezko superposed on the Obama mansion

better house photo here

In this 10:06 video of the second part of a speech made January 31, 2008 in Wilmington, Delaware, Michelle Obama is complaining about how “they move the bar.”

This is the reality, we’re told, for “regular folks on the ground,” people like Michelle Obama herself with what she calls “my simple, little life,” all this is not fair. It’s just not right.

Rather than being blocked by some moving and shifting bar, Michelle Obama has obviously experienced considerable upward mobility. She graduated from Princeton and Harvard, presumably receiving both racially-based admissions preference and scholarship assistance. If so, the latter did not prevent her from claiming that her father, a democrat party precinct captain coincidentally employed at the municipal filtration plant, had been able, in the good old days of the early 1980s (before “they” started moving the bar), to send two children to Princeton.

Neither has any bar kept Michelle Obama from occupying a $316,962-a-year position as vice president at the University of Chicago Hospitals.

Her simple, little life occurs domestically in a 96-year-old Georgian revival home that has “four fireplaces, glass-door bookcases fashioned from Honduran mahogany, and a 1,000-bottle wine cellar,” purchased in 2005 for $1.65 million.

Mrs. Obama’s lifestyle is additionally enhanced by an adjoining parcel of real estate, previously associated with her house but offered for sale separately in 2005, which was purchased for $625,000 by the wife of Obama campaign donor and long-time supporter Antoin “Tony” Rezko, who has been subsequently indicted for extortion.

The Reskos sold the Obamas a portion of the second property, all of which is only accessible via the Obama’s property, and also paid for the erection of a fence. “The bars keep moving.”

Sources:

Chicago Tribune 1-Nov-06

ABC News 10-Jan-08

Isn’t it wonderful that the consequences of changes in the world, all the inconveniences and dislocations produced by economic progress, can be repealed if we just give power to “regular folks” like Barack & Michelle Obama?


Your are browsing
the Archives of Never Yet Melted in the 'Obama Real Estate Deal' Category.

















Feeds
Entries (RSS)
Comments (RSS)
Feed Shark