Obama Worth As Much As $10 Million

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Three things are apparent from President Obama’s annual financial disclosure statement, released today:

He is a wealthy man, with assets of as much as $10 million.

He has a hefty stake in JPMorgan Chase, the megabank that just made a bad $2 billion bet. Obama has an account worth between $500,000 and $1 million.

Despite the nation’s $15.6 trillion debt, he is a believer in government paper. More than half of his assets are in Treasury bills and notes.

The disclosure statement lists assets and liabilities in dollar ranges, so pinpointing the president’s net worth is difficult. His assets appear to tally between $2.6 million and $9.9 million. He holds a mortgage on his Chicago home of $500,000 to $1 million.

As was clear from Obama’s income tax filing, much of his income continues to roll in from book royalties. The disclosure form lists $100,000 to $1 million in royalties from Dreams From My Father, $100,000 to $1 million from Of Thee I Sing: A Letter to My Daughters, and $50,000 to $100,000 from The Audacity of Hope.

Vice President Biden, on the other hand, isn’t all that wealthy. His financial disclosure statement includes less than $1 million in assets — and as much as $1.5 million in liabilities, including between $500,000 and $1 million on his Wilmington home.

Read Morehttps://content.usatoday.com/communities/theoval/post/2012/05/obama-worth-as-much-as-10-million/1?csp=hf

WSJ: China exporting “human flesh capsules” containing remains of aborted infants

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Since August, Korean authorities have discovered nearly 17,500 of the human flesh capsules in the luggage of tourists and in international mail, the state-run Korea Customs service said in a statement Monday.

The pills, disguised as performance enhancement drugs, have been smuggled in by ethnic Koreans living in northern Chinese cities and contain so-called super bacteria that is hazardous to human health, the statement said.

South Korea’s crackdown on the drugs began last year after SBS, one of the nation’s major television broadcasters, ran a documentary accusing Chinese pharmaceutical companies of collaborating with abortion clinics to make pills allegedly made of human fetuses and the remains of dead infants.

The documentary claimed that DNA tests verified that the pills were made from powdered humans.

China’s Ministry of Health launched an investigation into the drugs’ origins last August, according to the state-owned China Daily. Representatives from the Ministry of Health did not immediately respond to requests for comment.

Read more at the Wall Street Journal HERE.

Expect a Desperate Obama to Dump Biden

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Vice President Joe Biden isn’t invited to Sunday campaign strategy meetings at the White House, The New York Times reported May 4.

President Barack Obama designated Sen. John Kerry, D-Mass., his top surrogate on foreign policy issues, fueling speculation he’d be secretary of state in a second Obama administration.

So Washington is abuzz with rumors the president will replace Mr. Biden with Secretary of State Hillary Clinton.

He ought to. Slow Joe is a national embarrassment.

Osama bin Laden made plans to assassinate the president and Gen. David Petreaus, according to captured documents. But the vice president should not be attacked, bin Laden wrote, because “Biden is totally unprepared for that post.” If he were president, Mr. Biden would “lead the U.S. into a crisis.”

Read More at Real Clear Politics. By Jack Kelly.

Photo Credit: Floyd Brown Creative Commons

Obama’s Bad Businessmen

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A slew of left-wing business moguls are on the skids thanks to poor investment decisions, questionable judgment, and accusations of bribery and cronyism.

Warren Buffett has lent his star power and his surname to President Barack Obama’s push for higher taxes, but his firm and its shareholders have not fared well during the Obama administration. Berkshire Hathaway has underperformed the Standard & Poor’s 500 Index by an average of eight percent over the past three years.

Buffett is not the only famous presidential supporter to fall from business grace.

Television titan Oprah Winfrey appears to have lost the golden touch that helped make her the richest self-made women in America and propelled Barack Obama from up-and-coming Illinois senator to the nation’s first black president.

Bloomberg News reported earlier this month that the Oprah Winfrey Network (OWN) may have lost as much as $330 million since its launch due to poor ratings and lackluster demand.

Read More at freebeacon.com.

Photo Credit: trackrecord (Creative Commons)

Documentary on Fast and Furious Scandal in Production Phase

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An Emmy award-winning filmmaker has decided he cannot stay silent in the face of a massive cover-up by the media complex and the Obama administration.

The magnitude of the government’s involvement in Operation Fast and Furious has roused documentarian Michael J. McNulty to stand up and call out the bad guys. Attorney General Eric Holder will figure prominently in McNulty’s feature length documentary, “Blood On Their Hands.”

McNulty was already familiar with Holder. In an interview on Breitbart.com McNulty stated, “Eric’s been busy in the cover up business for 20 years. We sorta know how he operates.”

Holder had become Janet Reno’s number two at Justice the same year McNulty’s1997 Oscar- nominated film “Waco: The Rules of Engagement” was released. When Reno recused herself from a 1999 special investigation of the 1993 raid on the Branch Davidian compound, Holder took over.

According to McNulty he wants the Fast and Furious film to answer one simple question:

Why would the Attorney General of the United States give our money and assault weapons to Mexican drug cartel members all in the name of the American people’s government?

Read More at American Thinker. By M Catharine Evans.

Photo Credit: The Aspen Institute (Creative Commons)

Palin-backed candidate Deb Fischer surging in Nebraska Senate primary

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An establishment candidate, a favorite of Sen. Jim DeMint’s (R-S.C.) and a candidate backed by former Alaska Gov. Sarah Palin (R) square off Tuesday in a GOP primary for Nebraska’s open Senate seat.

All eyes are on Deb Fischer, a Republican state senator and Palin’s pick for the seat, whose underdog campaign appears to have surged past her rivals’ in the final days before the primary.

For months, state Attorney General Jon Bruning had a clear double-digit lead over Fischer and state Treasurer Don Stenberg, who has been backed by DeMint, the Club for Growth and other fiscal-conservative groups. Few Republicans saw a realistic opportunity for Stenberg to overtake Bruning, and even fewer thought Fischer could pull off an upset victory.

But a series of last-minute surveys shows Fischer surging despite her shoestring campaign and millions of dollars in ads that Bruning, Stenberg and their allies have aired. A survey released Monday by independent firm We Ask America showed Fischer pulling into first place, taking 39 percent to Bruning’s 34 and Stenberg’s 18.

“Nebraska’s got a pretty good record of supporting underdogs. [Sen.] Mike Johanns [R-Neb.] was an underdog,” Fischer told The Hill.

Read More at The Hill. By Josh Lederman.

Photo Credit: sskennel (Creative Commons)

Truth: Obama is probably even losing in Oregon

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In 2008 Barack Obama won Oregon by 17 points but a new SurveyUSA poll shows he is leading by just 4 points. If that was all the bad news out of The Beaver State it would be bad enough for Obama, but the news gets worse when more realistic standards of voter sentiment are applied to data as presented.

In response to this news, the Oregonian (one of the foulest of the Democrats’ mouth piece news outlets) points to the difference between the numbers of registered Democrats/Republicans/Independents who voted in Oregon’s 2010 elections and the breakdown SurveyUSA used to put its report together.

By that measurement there are 5.6% more Democrats .05% more Republicans BUT 6.1% fewer Independents in the State, and herein lies a serious flaw in the Oregonian’s “happy face” analysis.

Read More at Western Journalism. By Kevin “Coach” Collins.

 

Videos: New Obama Ad Calls Romney A Vampire

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Just as we predicted. This campaign is already getting nasty. In a vicious ad Barack Obama’s campaign begins the targeting of Bain Capital style capitalism calling Mitt Romney a Vampire.

This ad is so shameless even Obama Auto Czar Steve Rattner says it goes too far.

USA Today reported about the Obama ad:

President Obama’s campaign is out with a two-minute TV ad and a six-minute web video blasting Mitt Romney’s career at Bain Capital.

The broadside will air in five key swing states: Ohio, Pennsylvania, Virginia, Iowa and Colorado.

The ad tells the Obama campaign’s version of events at GST Steel, a shuttered Kansas City plant that Bain Capital took over before it went into bankruptcy. The closing cost hundreds their jobs and jeopardized their pensions, according to Obama for America.

The story, Obama’s campaign says, exemplifies Romney’s business philosophy “and what it would mean for the American economy.” Viewers who want to know more can go to RomneyEconomics.com, a new Obama campaign web site that examines other Bain case studies…

Past Lobbying Becomes Issue In Arizona Senate Race

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Since his first House campaign a dozen years ago, would-be Arizona Sen. Jeff Flake has worked diligently to cast himself as a conservative gadfly, willing to buck GOP leaders and even a Republican president.

But as a result of the six-term congressman’s work as a lobbyist two decades ago for a Namibian uranium operation with ties to Iran, a GOP primary opponent and Democrats are portraying him as a Washington insider who should not get to succeed retiring Sen. Jon Kyl, R-Ariz.

Well before Flake was a leader in the campaign to eliminate the pet projects and grants that lawmakers add to spending bills, he was a registered foreign agent who represented Namibia and a uranium mine in the southern African nation that gained independence in 1990. Flake has since received $100,000 in contributions from mining interests and voted a number of times against penalties on Iran.

In Washington’s revolving-door climate, it’s not unusual for lawmakers and lobbyists to switch back and forth.

Rep. Jason Altmire, D-Pa., for example, began his political career as a congressional aide, then lobbied on behalf of hospitals for a decade before winning election to the House in 2006. Several lawmakers have worked as lobbyists between service in Congress, including Sens. John Thune, R-S.D., and Dan Coats, R-Ind., and Rep. Dan Lungren, R-Calif.

Read More at OfficialWire. By Jeri Clausing.