Monday, April 18, 2011

Obama Income Down 69% in One Year As Popularity Wanes

Looks like President Barack Obama is seeing his income dip too.  From 2009 to 2010, the President's income has dipped 68.6% as his popularity and "rock star" appearance to the nation's uninformed has waned.

In 2009, the Obamas made $5,505,409, as Mr. Obama's book sales boomed over his election and inauguration.  That year, the Obama family paid $1.8 million in taxes.

A year later, the President made less than what he paid in taxes a year before.  Embroiled in nearly constant controversy and plummeting popularity, President Obama and his wife made $1,728,096 last year.  That total was mainly from the sale of Mr. Obama's books.

As a result, the Obamas paid $453,770 in taxes in 2010.

Specifically, the blame for Obama's fall in book sales (and thus income) is falling on his extremely unpopular stance on his Health Care bill.  Going against the majority of Americans, the President pushed through a massive reform to the United States' health care system.  Doubling the problem, Mr. Obama refused to take on the US's crippling debt or overall economy while he concentrated on things the American people regarded as much less important.
Americans aren't buying it
CNN continues:
Obama said in a speech last week that top earners -- himself included -- should pay higher taxes. 
"I don't need another tax cut," he said. "Warren Buffett doesn't need another tax cut." 
Also released was the return of Vice President Joseph Biden and his wife, Jill. Their adjusted gross income was $379,178, on which they paid federal taxes of $86,626.

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