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RE: How Many Houses? - 8/21/2008 3:24:21 PM
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Jhud
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quote:
Among other things, Obama worked with the faith-based Developing Communities Project (DCP) to pressure the city government to inspect and remove asbestos from local apartment buildings, organize voter registrations drives and local education reform movements, prevent the expansion of landfills into poor residential areas, built playgrounds, and set-up after-school programs. And all for the whopping annual salary of $13K, plus the use of a beat-up Honda Civic to get around. While I don't think community service is anything to sneer at, 13,000 in 1985 would be equal to about $24-25k today. And I started my first out of college job a large law firm in 1990 for about $16,000 dollars. And they didn't give me a car. And I didn't go to Harvard after three years, and write a book about myself that made me a millionaire. And of course, if one is going to run for office somewhere, it doesn't hurt to 'organize' the votes first, as well as hook up with the local power brokers. But hey, Chicago is a sparkling example today of what such efforts can do, isn't it?
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Jack It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.. - Ronald Reagan
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RE: How Many Houses? - 8/21/2008 3:26:03 PM
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SwedishCovenant
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quote:
ORIGINAL: Jhud quote:
Among other things, Obama worked with the faith-based Developing Communities Project (DCP) to pressure the city government to inspect and remove asbestos from local apartment buildings, organize voter registrations drives and local education reform movements, prevent the expansion of landfills into poor residential areas, built playgrounds, and set-up after-school programs. And all for the whopping annual salary of $13K, plus the use of a beat-up Honda Civic to get around. While I don't think community service is anything to sneer at, 13,000 in 1985 would be equal to about $24-25k today. And I started my first out of college job a large law firm in 1990 for about $16,000 dollars. And they didn't give me a car. And I didn't go to Harvard after three years, and write a book about myself that made me a millionaire. And of course, if one is going to run for office somewhere, it doesn't hurt to 'organize' the votes first, as well as hook up with the local power brokers. But hey, Chicago is a sparkling example today of what such efforts can do, isn't it? Don't hurt yourself tripping over somethng as you back away from your original position.
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RE: How Many Houses? - 8/21/2008 3:29:31 PM
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Jhud
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quote:
Don't hurt yourself tripping over somethng as you back away from your original position. You are right, I should have qualified - "While I don't think all community service is anything to sneer at..."
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Jack It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.. - Ronald Reagan
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RE: How Many Houses? - 8/21/2008 3:48:02 PM
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todd_t
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quote:
And of course, if one is going to run for office somewhere, it doesn't hurt to 'organize' the votes first, as well as hook up with the local power brokers. But hey, Chicago is a sparkling example today of what such efforts can do, isn't it? Wow, Jack. And to think people call me cynical...so much for the virtues of hard work. But just for grins, please recall that after taxes, Obama's take home pay would have been somewhere around $10K. A king's ransom, to be sure. Plus, no one forced Obama to write his first book, nor anyone to publish it, much less buy it and make it a bestseller - from which the royalties were largely used to help pay off Barack and Michelle's student loans. Elitist, indeed...
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RE: How Many Houses? - 8/21/2008 4:03:41 PM
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Jhud
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Wow, Jack. And to think people call me cynical...so much for the virtues of hard work. But just for grins, please recall that after taxes, Obama's take home pay would have been somewhere around $10K. A king's ransom, to be sure. Plus, no one forced Obama to write his first book, nor anyone to publish it, much less buy it and make it a bestseller - from which the royalties were largely used to help pay off Barack and Michelle's student loans. Elitist, indeed... Actuallly, the guy who hired him, Jerry Kellman, said this about his salary as an 'organizer': "That was a training salary, if someone did OK, they’d make more. After three or four months, he was up to $20,000, and after three years he was probably making $35,000 or so.” That would be about 63,000 dollars in 2008 cash. It was well above the median income then, and a lot of folks would like to be making that before they were thirty now.
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Jack It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.. - Ronald Reagan
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RE: How Many Houses? - 8/21/2008 4:12:49 PM
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SovereignIsHe
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quote:
ORIGINAL: todd_t quote:
Wow, I wish my guidance counselor spoke with me about "community organizing" as a career path. Why is there so much snooty derision about Obama's decision to turn down a high-paying job at a New York law firm straight out of school, and instead accept a difficult, low paying, and often thankless job of trying to improve the lives of people on the south side of Chicago? I'm hard pressed to see an act that's more noble, and Christ-like. All the success Obama encountered after this time in Illinois politics was due to hard work, and beating the bricks. The bible says even the hard work of the wicked is evil... As well even their tender mercies, sacrifices... John
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RE: How Many Houses? - 8/21/2008 4:35:11 PM
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WesP
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ORIGINAL: davemiller7 Well, it certainly did open a can of worms. Now, do any of us really care how many houses he has? Those on the left appear to care, judging from the response. -Dave quote:
ORIGINAL: inthysite My intentions were nothing more than to report a story that I thought was funny and knew would open a can of worms on this forum. Thank you for proving my point! Well, in truth, we have established that any number of houses x > the number of Obama's houses y = evil! or that if any person in the Republican party does not know how many properties he/she owns, then they are clueless concerning the concerns and plights of average Joe. Pretty logical, really.
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Peace, Wes ___________________________________ <--- BTW, this is the true function of corn! It is to help the oil industry and its functionaries, not detract from them!
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RE: How Many Houses? - 8/21/2008 4:51:00 PM
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davemiller7
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You're right, of course. But one question (for the whole readership in general)............... how many houses does it take to be the equivalent of John Edwards 20K+ sq ft mansion? Seems like Edwards' place ought to count as more than just one. -Dave quote:
ORIGINAL: WesP quote:
ORIGINAL: davemiller7 Well, it certainly did open a can of worms. Now, do any of us really care how many houses he has? Those on the left appear to care, judging from the response. -Dave quote:
ORIGINAL: inthysite My intentions were nothing more than to report a story that I thought was funny and knew would open a can of worms on this forum. Thank you for proving my point! Well, in truth, we have established that any number of houses x > the number of Obama's houses y = evil! or that if any person in the Republican party does not know how many properties he/she owns, then they are clueless concerning the concerns and plights of average Joe. Pretty logical, really.
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-Dave The Prayer of Protection The light of God surrounds me, The love of God enfolds me, The power of God protects me, The presence of God watches over me. Wherever I am, God is.
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RE: How Many Houses? - 8/21/2008 4:56:03 PM
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laura...
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quote:
You're right, of course. But one question (for the whole readership in general)............... how many houses does it take to be the equivalent of John Edwards 20K+ sq ft mansion? Seems like Edwards' place ought to count as more than just one. I think that works out to about 40 of mine. &:) That's okay...I wouldn't want to keep up that many sq ft.
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This is what the Lord says: “Stop at the crossroads and look around. Ask for the old, godly way, and walk in it. Travel its path, and you will find rest for your souls. But you reply, ‘No, that’s not the road we want!’ Jer 6:16
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RE: How Many Houses? - 8/21/2008 5:13:33 PM
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todd_t
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That would be about 63,000 dollars in 2008 cash. It was well above the median income then, and a lot of folks would like to be making that before they were thirty now. Where are you getting your stats? According to the following, the 1992 US dollar was at best valued (via the GDP deflator) at 72 cents less than the 2007 value. http://www.measuringworth.com/uscompare/ So assuming Obama was making $35K at most back then, cut that salary by 28% to get the actual buying power in modern-day numbers which adds up to $25,200. And that's on the high side. Were one to use the low end (relative GDP share) of the 1992/2007 value scale, $35K in '92 cash drops to a modern equivalent of just over $16K via a 54% decline in value.
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In Memoriam: 1st Sgt. Obediah Kolath, US Army, Died in Iraq War (1973-2005)
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RE: How Many Houses? - 8/21/2008 5:18:00 PM
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HighPlainsDrifter
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quote:
And of course, if one is going to run for office somewhere, it doesn't hurt to 'organize' the votes first, as well as hook up with the local power brokers. And...there it is. Money's just the side-benefit.
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RE: How Many Houses? - 8/21/2008 5:22:59 PM
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Jhud
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quote:
Where are you getting your stats? According to the following, the 1992 US dollar was at best valued (via the GDP deflator) at 72 cents less than the 2007 value. http://www.measuringworth.com/uscompare/ So assuming Obama was making $35K at most back then, cut that salary by 28% to get the actual buying power in modern-day numbers which adds up to $25,200. And that's on the high side. Were one to use the low end (relative GDP share) of the 1992/2007 value scale, $35K in '92 cash drops to a modern equivalent of just over $16K via a 54% decline in value. You got it a little bit backwards there. If he had more buying power then, then a 35K salary was worth more then by today's dollar then it is now. So if if something that cost you one dollar in 1985 costs you two dollars now, then that means that a 1985 dolar is worth two '08 dollars - and a 35,000 salary is comprable to a 70,000 dollar salary now. (as it turns out, a 1985 dollar is worth two 2008 dollars)
_____________________________
Jack It has been said that politics is the second oldest profession. I have learned that it bears a striking resemblance to the first.. - Ronald Reagan
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RE: How Many Houses? - 8/21/2008 5:32:04 PM
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todd_t
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quote:
“Does a guy who made more than $4 million last year, just got back from vacation on a private beach in Hawaii and bought his own million-dollar mansion with the help of a convicted felon really want to get into a debate about houses?” the McCain camp responded [to Obama's attack ad over McCain's failure to recall how many properties he owns]. a) If Obama banked $4M last year, I suspect that pales in comparison to what John and Cindy McCain hold down from her beer fortune (est at $100M). b) Obama's home is valued at $1.6M, which to be honest, is average on his side of Chicago. c) Finally, regarding McCain's man snarling about shady connections between Obama and Rezko: http://www.factcheck.org/askfactcheck/does_obama_have_a_real_estate_problem.html
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In Memoriam: 1st Sgt. Obediah Kolath, US Army, Died in Iraq War (1973-2005)
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RE: How Many Houses? - 8/21/2008 5:39:55 PM
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todd_t
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You do your research. However, I think it's erroneous to compare dollar values between 2008 and 1985 to estimate how much buying power Obama enjoyed. The value of a buck is exclusively relative to the time in which it's spent, in addition to factors like the cost of living. For example, pulling down $25.00 a week in 1920 would be a decent wage back then; today, it's pocket change.
< Message edited by todd_t -- 8/21/2008 5:52:03 PM >
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In Memoriam: 1st Sgt. Obediah Kolath, US Army, Died in Iraq War (1973-2005)
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RE: How Many Houses? - 8/21/2008 5:52:51 PM
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todd_t
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quote:
One would have to be blind to think that McCain is "one of us". It's easy to think anything if you want to bad enough.
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RE: How Many Houses? - 8/21/2008 6:07:00 PM
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ljmac
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McCain should give one of his homes to Obama's brother, since Obama doesn't seem to care a bit that his sibling lives in a garbage shack.
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RE: How Many Houses? - 8/21/2008 7:11:54 PM
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henny
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Eh, this is yet another non-issue. I don't think it really matters how many houses McCain owns when it comes to the question of whether or not he can lead, nor does it even matter if he nows how many houses he owns at the drop of a hat. The only reason why it is an issue at all right now is because the McCain camp brought it on themselves by trying to paint Obama as a wealthy out of touch "elitist," who "Works out every day" (gasp) and drinks "lattes" (double gasp!). This line of attack obviously opens up speculation into McCain's own wealth, so they shouldn't be so surprised that this has come up now.
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RE: How Many Houses? - 8/21/2008 7:52:08 PM
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henny
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quote:
ORIGINAL: Jhud While I don't think community service is anything to sneer at, 13,000 in 1985 would be equal to about $24-25k today. And I started my first out of college job a large law firm in 1990 for about $16,000 dollars. And they didn't give me a car. And I didn't go to Harvard after three years, and write a book about myself that made me a millionaire. I'm not sure how Obama's decision to enter community service after graduation can be denigrated -no matter how "ineffective" you think his particular community service was. Arguing over whether he made 13,000 or 25,000 a year out of college is kind of meaningless, given that he graduated at the top of his class at Columbia so he could have easily gone immediately to Harvard law school, graduated, and then have been making millions working for one of the nation's top law firms. But he didn't (Heck, I worked for 2 years before going to grad school and didn't go to an Ivy league school like Colombia, and I was still able to find a job making 25,000 a year with just a BA in English and Anthropology, so I imagine Obama had many much more lucrative options than the one he decided on). Even after graduating (magna cum laude) with a JD from Harvard (which again, is absolutely nothing to sneer at, as one doesn't do such a thing without work), he still took some sort of community service route in his career and taught, as oppossed to working for a large law firm (which again, would suggest that he sincerely wanted to help people, even if you don't think that his efforts did "help" anyone). I realize that you disagree with him on all the issues, so there's no chance you'll ever be voting for him, but I still think you have to give him credit for his accomplishments and decisions where credit is due.
< Message edited by henny -- 8/21/2008 8:40:32 PM >
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Hell is other Christians.
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RE: How Many Houses? - 8/21/2008 8:04:02 PM
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iluvatar
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ORIGINAL: tafkam I would venture that they are both rich, and like most politicians, both hopelessly out of touch... In another thread, somebody posted the Obamas' tax returns for the last ~7 years. Only the last two had them (they filed married, jointly) making more than $1M a year. Prior to that, it was a couple hundred thousand per year. Nothing to sneeze at, but hardly what we usually consider "rich," particularly if you're living in a big city. Regarding the OP, I don't care how many properties somebody owns. -Dan.
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Well, I've been to one world fair, a picnic, and a rodeo, and that's the stupidest thing I ever heard come over a set of earphones.
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RE: How Many Houses? - 8/21/2008 9:15:55 PM
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SovereignIsHe
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quote:
ORIGINAL: henny quote:
ORIGINAL: Jhud While I don't think community service is anything to sneer at, 13,000 in 1985 would be equal to about $24-25k today. And I started my first out of college job a large law firm in 1990 for about $16,000 dollars. And they didn't give me a car. And I didn't go to Harvard after three years, and write a book about myself that made me a millionaire. I'm not sure how Obama's decision to enter community service after graduation can be denigrated -no matter how "ineffective" you think his particular community service was. Arguing over whether he made 13,000 or 25,000 a year out of college is kind of meaningless, given that he graduated at the top of his class at Columbia so he could have easily gone immediately to Harvard law school, graduated, and then have been making millions working for one of the nation's top law firms. But he didn't (Heck, I worked for 2 years before going to grad school and didn't go to an Ivy league school like Colombia, and I was still able to find a job making 25,000 a year with just a BA in English and Anthropology, so I imagine Obama had many much more lucrative options than the one he decided on). Even after graduating (magna cum laude) with a JD from Harvard (which again, is absolutely nothing to sneer at, as one doesn't do such a thing without work), he still took some sort of community service route in his career and taught, as oppossed to working for a large law firm (which again, would suggest that he sincerely wanted to help people, even if you don't think that his efforts did "help" anyone). I realize that you disagree with him on all the issues, so there's no chance you'll ever be voting for him, but I still think you have to give him credit for his accomplishments and decisions where credit is due. He is deserving of all the secular credit that is due him... John
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RE: How Many Houses? - 8/21/2008 9:45:08 PM
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colliefan
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quote:
Why is there so much snooty derision about Obama's decision to turn down a high-paying job at a New York law firm straight out of school, and instead accept a difficult, low paying, and often thankless job of trying to improve the lives of people on the south side of Chicago? Sounds good if one is working on the side for a slum-lord mobster. Barry didn't improve the life of a rat in one of the tenements he supposedly was supposed to improve!
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RE: How Many Houses? - 8/21/2008 9:46:44 PM
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inthysite
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First off I agree that this is a non-issue. If anyone thinks any of the politicians are in touch with America they are delusional, period! Second, while NObama may have only made a "few hundred thousand" before his book was published, to many this is rich. Rich is a relative term, depending on where you are standing in the U.S. depends on the definition of rich. Finally, according to the bible rich and prosperity have nothing to do with money.
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Let the words of my mouth and the meditation of my heart Be acceptable in Thy sight, O LORD, my rock and my Redeemer - Psalm 19:14
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