[guest post by Dana]
So when Barack Obama talked about wealth and said: “There’s only so much you can eat. There’s only so big a house you can have. There’s only so many nice trips you can take. I mean, it’s enough,” as well as “I mean, I do think at a certain point you’ve made enough money,” he was talking about all of you, not himself, right??
Barack and Michelle Obama Buying Mega-Mansion in Martha's Vineyard https://t.co/bLaNVaQsuW
— TMZ (@TMZ) August 22, 2019
The report lists the estate as having been on the market for close to $15 million, is 6,900 square feet with 29 beachfront acres, and has 7 bedrooms, a pool, an outdoor fireplace, a chef’s kitchen, 2 guest wings, and a second-floor balcony Jacuzzi. In other words, it’s got all the bells and whistles.
I don’t begrudge the Obama’s buying a beautiful home set in such a stunning location. Who wouldn’t want it? And they are certainly wealthy enough to afford a little vacation home. According to reports, the Obamas are worth 30 times more than when they entered the White House in 2008 and Barack Obama was estimated to have a net worth $40 million in 2018. The couple earned more than $20 million between 2005 and 2016 from two lucrative book deals, and the former President has made millions from speaking engagements as well. Additionally, both Michelle and Barack Obama have signed a production deal with Netflix. How much wealth is too much wealth? I dunno, but the Obama’s ever-increasing wealth tells us that they haven’t hit the ceiling yet. Anyway, the problem isn’t that they spent 8 years shaming wealthy Americans and they’re now swimming in extraordinary wealth themselves. That double-standard is just standard operating procedures for Democrats. The problem I have with it is a broader one: accruing wealth from politics. When individuals without any wealth enter politics and end up 30 times wealthier all is said and done, I have a bit of a problem with it. What do you think?
P.S. The Martha Vineyard’s home would be the second home owned by the Obamas. Still one shy of Bernie…
(Cross-posted at The Jury Talks Back.)