Post by Big Yogi

By now you have probably heard that the Barack Obama campaign has reached record numbers in spending. The Obama campaign has boasted MILLIONS in spending and doesn’t look to be slowing down any time in the near future. How do the Obama’s do it? Are their pockets that deep that they can keep throwing dollars into the campaign or do they really have that much financial support? When you begin to start researching the total budget of the Obama campaign you may begin to think that someone was in his back pocket but so far everything is clean, which shows you that Barack is moving people, not just the average joe but the average Rockerfeller too. Check out this article in Slate.com about how the Obama’s take care of home when it comes to personal finances. You may be surprised.

Slate.com wrote:

It’s not as if the Obamas are some modern-day version of the Clampetts, but compared with the competition, they’re at best nouveau riche. As recently as 2004, the Obamas’ adjusted gross income was $207,647, according to their federal tax returns. That’s much higher than the national median household income of $48,201, but for a family of four living in high-cost Chicago, $200K isn’t exactly rolling in it.

Which makes all the hubbub about Barack Obama’s elitism seem pretty hollow. “The irony is,” Obama said last week, “I think it is fair to say that both Michelle and I grew up in much less privileged circumstances than either of my two potential opponents.” Indeed, if Obama is the nominee and wins in November, he would have one of the most modest backgrounds of any president in recent memory; he has noted, for example, that his mother “had to go on food stamps at one point.” Both Bushes came from family wealth, and Bill Clinton married Hillary Rodham, who would ultimately rake in more than $200K annually (in 1992 in Arkansas) while she was a partner at the Rose Law Firm. Ronald Reagan made money in movies before becoming president; we’d probably have to go back to submariner/peanut farmer Jimmy Carter or career soldier/college president Dwight Eisenhower to find another elected president whose financial picture was as comparatively humble.

But the increase in the Obamas’ wealth has been READ MORE

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