The economy is tough on everybody

Post by **thibodeaux** » Mon Jul 26, 2010 8:42 am

http://www.suntimes.com/news....article

Post by **GORDON** » Mon Jul 26, 2010 8:45 am

Goodness.

Post by **TheCatt** » Mon Jul 26, 2010 9:10 am

He says he and first lady Michelle Obama took a hit like everybody else when the economy nearly collapsed, telling ABC that a college fund for daughters Malia and Sasha has gone "up and down" with the stock market.

Yeah, that and $400k/year, and all of your expenses in life paid for is just like the guy who lost his $50k/year job, has 3 kids, no savings, and is on unemployment.

Post by **thibodeaux** » Mon Jul 26, 2010 9:18 am

Wait, did the economy REALLY "nearly collapse?"

Post by **GORDON** » Mon Jul 26, 2010 9:38 am

All I could wonder was how much money he personally had tied up in all of those industries he bailed out.

Post by **TheCatt** » Mon Jul 26, 2010 10:35 am

iirc, presidents have to put their money into blind trusts to be administered by an outside party while they are in office.

Post by **GORDON** » Mon Jul 26, 2010 10:38 am

Never heard of that, good idea.

Post by **TheCatt** » Mon Jul 26, 2010 10:45 am

I just googled it, apparently the Johnsons were the first to do it. Obamas did it during their run for president.

Post by **GORDON** » Mon Jul 26, 2010 10:53 am

I've got five bucks that says he knows where his money is.