Tuesday, May 19, 2009

Spend And The Lord Shall Send?

Now we find out that the man who runs our country, our banks, and two of our automobile companies, the very man who plans to take over our health care industry ASAP, didn’t even run his own household very well. Apparently Obama and Michele were up to their eyeballs in debt before the book deal came through and Michele got a sweetheart salary increase of 260% the year he became US senator.

In April, The American Thinker had an analysis of their personal finances during the 2000-2005 period from public records. With around $240,000 in annual income, Obama had little or no savings and regularly used lines of credit on his home to make ends meet. Now we understand why he had trouble using his credit card during the Democratic convention 2004. They reported annual child care expenses of $23,000 to $24,000 and Michele recently mentioned that they spent about $10,000 for extra curricular activities for during those difficult years.

Book royalties and an astronomical raise rescued the family finances in 2005. Do you think Obama secretly believes that something like that will rescue the US from his spending spree that quadruples the national debt during his first year in office?

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