Liberal Greed: Barack Obama and the Real One Percent

By:  Selwyn Duke
01/25/2012
       
Liberal Greed: Barack Obama and the Real One Percent

Forget Mitt Romney and Bain Capital. If you want to find the real greedy one percent, you need look no further than Barack Obama.  According to tax returns released yesterday, Barack and Michelle Obama earned $1.2 million from 2000 through 2004 yet managed no more than $10,772 in charitable donations.

Forget Mitt Romney and Bain Capital. If you want to find the real greedy one percent, you need look no further than Barack Obama.

According to tax returns released yesterday, Barack and Michelle Obama earned $1.2 million from 2000 through 2004 yet managed no more than $10,772 in charitable donations. This amounts to less than one percent of their income. Upon becoming public figures, there was hope and some (spare) change, as they did a lot better in earning and a little better in giving. In 2005 and 2006, they donated $137,622, which was just over 5 percent of the $2.6 million that free enterprise distributed their way.

In contrast, Romney appears the Santa Claus to Obama’s Scrooge. According to the former Massachusetts Governor’s tax returns, he donated almost $3 million to charity in 2010, just under 14 percent of his $21.7 million income; he did even better in 2011, donating $4 million to charity — almost 20 percent of his $20.9 million income.

In other words, while Obama talks a good game about redistributing wealth, he seems to want his to stay right where it is. 

Click here to read the entire article.

Selwyn Duke (photo)

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