>>> Ummm, he has stated on several occasions that he had a pile of student loans.The loans were paid of less then ten years ago.
So he says, but typically with Obama, there's no documentation to corroborate his story...
In response to Newsmax questions about the Obama’s college loans, a campaign spokesman cited a report in The Chicago Sun claiming that Obama borrowed $42,753 to pay for Harvard Law School, and “tens of thousands” more to pay for undergraduate studies at Columbia.
The same report said that Michelle Obama borrowed $40,762 to pay for her years at Harvard Law School.
But a Newsmax review of Senator Obama’s financial disclosures found no trace of any outstanding college loans, going back to 2000.
As a United States Senate candidate, Barack Obama was required to file a financial disclosure form in 2004 detailing his assets, income, consulting contracts, and liabilities.
Obama listed “zero” under liabilities in 2004 and in all subsequent U.S. Senate financial disclosure forms.
Under the Senate ethics rules, he is required to disclose any loan, including credit card debt, of $10,000 or more. The only exception to the reporting requirement is mortgage debt on a principal residence.
The Senate reports also directly contradict Michelle Obama’s claim that the couple had “only just” paid off their student loans after receiving book royalties paid out in 2005 and 2006 – well after her husband had been ensconced in the Senate.
Apparently, Michelle Obama misspoke, according to the version provided by the Obama campaign.
Campaign spokesman Ben LaBolt now tells Newsmax that the loans Sen. Obama took out to pay for Harvard Law School “were repaid in full while he was a candidate for the U.S. Senate , and under the rules, the modest outstanding balance he repaid was not reportable as a liability on his personal financial disclosure reports.”
The Senator repaid the loans on “the expectation of a significant increase in family income” as a result of the paperback edition of his 1995 book, Dreams of My Father, LaBolt said.
Obama acknowledges that sales of the hard cover edition of the book were “underwhelming.” But in the spring of 2004,when Obama won the Democrat U.S. Senate primary in Illinois, Rachel Klayman, an editor at Crown Publishers in New York, read an article about Obama and became interested in his memoir, only to discover that Crown now owned the rights.
She asked Obama to write a new forward, and Crown then decided to re-issue Dreams as a paperback in July 2004, just as Obama made his historic speech to the Democrat National Convention.
The paperback eventually sold over one million copies, which under the standard industry royalty for trade paperbacks of 7.5%, earned him $1.2 million. However, Obama didn’t report income from the book until 2005, so it’s unclear how he was able to repay his student loans in 2004.
Responding to attacks from the Hillary Clinton campaign during the primaries, Obama released seven years of tax returns on March 25 of this year.
The returns, dating back to 2000, indicate that the couple paid no interest on their student loans. The interest from such loans would have been deductible on their joint income tax returns.
For 2000 through 2004, taxpayers declared student loan interest as a deduction on line 24 of federal form 1040. After 2004, the deduction can be taken on Line 33.
But the Obamas never declared a dime of interest in student loans on their return, most likely because they simply earned too much money to be able to take the deduction under the IRS rules.
Obama spokesman Ben LaBolt had no answer as to why the Obamas’ failed to declare the loans, stating the obvious that “because interest on the loans was not deducted, it would not appear on the Obamas’ personal return.” http://www.newsmax.com/timmerman/obama_harvard_/2008/09/23/133199.html
>>> Can I have a non-partisan link to his utter failing in his undergraduate degree and how he still got into Harvard.
An article in a Columbia University publication, Columbia College Today, reported that Mr. Obama has portrayed Columbia as a period of buckling down following a troubled adolescence. He did not socialize much, he has said, instead spending a lot of time in the library, "like a monk." He has also stated that he was involved to some extent with the Black Students Organization.
Federal law limits the information that Columbia can release about Mr. Obama's time there. A spokesman for the university, Brian Connolly, confirmed that Mr. Obama spent two years at Columbia College and graduated in 1983 with a major in political science. He did not receive honors, Mr. Connolly said, though specific information on his grades is sealed. A program from the 1983 graduation ceremony lists him as a graduate. http://www.nysun.com/new-york/obamas-years-at-columbia-are-a-mystery/85015/
Obama refuses to release his transcripts...why? And how did a guy with apparently "average grades" get into Harvard?
>>> He got law review in his second year because he worked hard.
Did he? Quite a jump from a B- student in high school to average student at Occidental College and Columbia University to the Law Review at Harvard.
Fourteen editors (two from each 1L section) are selected based on a combination of their first-year grades and their competition scores. Twenty editors are selected based solely on their competition scores. The remaining editors are selected on a discretionary basis. Some of these discretionary slots may be used to implement the Review's affirmative action policy. http://www.harvardlawreview.org/membership.shtml
In 1990, and for several years prior, tensions were high at Harvard, and in particular at the Review, over race issues. During such tumultuous times, it doesn't seem surprising that the Review would take the opportunity to elect it's first black President.
>>> Did he win the presidency because of affirmative action too? You do know that the overwhelming majority of those who voted for him were white.
Would he have won if the vast majority of blacks didn't vote for him?
>>> Several other black people have run for president and not won.
They ran on racial platforms that whites wouldn't support.
>>> If you'll Google a little bit you'll see that McCain was FOR deregulation. The Republican's had control of everything till 2006 why didn't they do something about those "out of control Democrats" ?
The Democrats, voting along party lines, blocked the bill before it ever got out of committee.
>>> Why did they go to no bid contracts with Halaburton, Black water, and several other companies doing business in Iraq?
Because, whether you'd like to believe it or not, there are very few companies that have the knowledge, operations and manpower to work under those "war-time" circumstances.
>>> Why are we spending billions, we don't have, to rebuild Iraq when they are sitting on a surplus of money?
>>> I did tell you why she went to five schools. You may have missed the post.
Must have missed it. Would you mind reposting?
>>> Let's see Obama going to three schools and getting a degree from two would be a success rate of 75% (with a Law Degree-7 year degree) .
Actually, it would be a success rate of 66 2/3%...and Obama was at Harvard for 3 years, not 7.
>>> Palin going to 5 schools and only getting one degree would be success rate of around 25% (only a BA/BS to show for it).
Actually, it would be a success rate of 20%, or a 100% cumulative success rate depending on the circumstances of her education.
>>> Your right there is a comparison Obama did far better then Palin. If we compare the two she failed miserably.
Not at all. If Palin learned more from her experiences at different schools then she'd be way up on Obama who apparently spend a good part of his college years so high on drugs he probably doesn't remember them.
Sad but true. Would that his supporters have been better informed...*sigh*
It's extremely offensive that you would say that we weren't informed! You're basically calling us ignorant! Seems to be the new tag line for those who didn't support Obama.
>>> It's extremely offensive that you would say that we weren't informed! You're basically calling us ignorant! Seems to be the new tag line for those who didn't support Obama.
Well, I didn't say YOU personally...but those were the results of the Zogby poll.
>>> Bush the "experienced president" has assisted in taking the lives of thousands of people.
Bush, the "experienced President" acted to defend the country with the full-throated support of the Congress.
>>> Who has experience on being a president before they are president?
Um...then I presume that you find Palin qualified to be President?
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ahh I was thinking in terms of nominees
>>> Ummm, he has stated on several occasions that he had a pile of student loans.The loans were paid of less then ten years ago.
So he says, but typically with Obama, there's no documentation to corroborate his story...
In response to Newsmax questions about the Obama’s college loans, a campaign spokesman cited a report in The Chicago Sun claiming that Obama borrowed $42,753 to pay for Harvard Law School, and “tens of thousands” more to pay for undergraduate studies at Columbia.
The same report said that Michelle Obama borrowed $40,762 to pay for her years at Harvard Law School.
But a Newsmax review of Senator Obama’s financial disclosures found no trace of any outstanding college loans, going back to 2000.
As a United States Senate candidate, Barack Obama was required to file a financial disclosure form in 2004 detailing his assets, income, consulting contracts, and liabilities.
Obama listed “zero” under liabilities in 2004 and in all subsequent U.S. Senate financial disclosure forms.
Under the Senate ethics rules, he is required to disclose any loan, including credit card debt, of $10,000 or more. The only exception to the reporting requirement is mortgage debt on a principal residence.
The Senate reports also directly contradict Michelle Obama’s claim that the couple had “only just” paid off their student loans after receiving book royalties paid out in 2005 and 2006 – well after her husband had been ensconced in the Senate.
Apparently, Michelle Obama misspoke, according to the version provided by the Obama campaign.
Campaign spokesman Ben LaBolt now tells Newsmax that the loans Sen. Obama took out to pay for Harvard Law School “were repaid in full while he was a candidate for the U.S. Senate , and under the rules, the modest outstanding balance he repaid was not reportable as a liability on his personal financial disclosure reports.”
The Senator repaid the loans on “the expectation of a significant increase in family income” as a result of the paperback edition of his 1995 book, Dreams of My Father, LaBolt said.
Obama acknowledges that sales of the hard cover edition of the book were “underwhelming.” But in the spring of 2004,when Obama won the Democrat U.S. Senate primary in Illinois, Rachel Klayman, an editor at Crown Publishers in New York, read an article about Obama and became interested in his memoir, only to discover that Crown now owned the rights.
She asked Obama to write a new forward, and Crown then decided to re-issue Dreams as a paperback in July 2004, just as Obama made his historic speech to the Democrat National Convention.
The paperback eventually sold over one million copies, which under the standard industry royalty for trade paperbacks of 7.5%, earned him $1.2 million. However, Obama didn’t report income from the book until 2005, so it’s unclear how he was able to repay his student loans in 2004.
Responding to attacks from the Hillary Clinton campaign during the primaries, Obama released seven years of tax returns on March 25 of this year.
The returns, dating back to 2000, indicate that the couple paid no interest on their student loans. The interest from such loans would have been deductible on their joint income tax returns.
For 2000 through 2004, taxpayers declared student loan interest as a deduction on line 24 of federal form 1040. After 2004, the deduction can be taken on Line 33.
But the Obamas never declared a dime of interest in student loans on their return, most likely because they simply earned too much money to be able to take the deduction under the IRS rules.
Obama spokesman Ben LaBolt had no answer as to why the Obamas’ failed to declare the loans, stating the obvious that “because interest on the loans was not deducted, it would not appear on the Obamas’ personal return.”
http://www.newsmax.com/timmerman/obama_harvard_/2008/09/23/133199.html
>>> Can I have a non-partisan link to his utter failing in his undergraduate degree and how he still got into Harvard.
An article in a Columbia University publication, Columbia College Today, reported that Mr. Obama has portrayed Columbia as a period of buckling down following a troubled adolescence. He did not socialize much, he has said, instead spending a lot of time in the library, "like a monk." He has also stated that he was involved to some extent with the Black Students Organization.
Federal law limits the information that Columbia can release about Mr. Obama's time there. A spokesman for the university, Brian Connolly, confirmed that Mr. Obama spent two years at Columbia College and graduated in 1983 with a major in political science. He did not receive honors, Mr. Connolly said, though specific information on his grades is sealed. A program from the 1983 graduation ceremony lists him as a graduate.
http://www.nysun.com/new-york/obamas-years-at-columbia-are-a-mystery/85015/
Obama refuses to release his transcripts...why? And how did a guy with apparently "average grades" get into Harvard?
>>> He got law review in his second year because he worked hard.
Did he? Quite a jump from a B- student in high school to average student at Occidental College and Columbia University to the Law Review at Harvard.
Fourteen editors (two from each 1L section) are selected based on a combination of their first-year grades and their competition scores. Twenty editors are selected based solely on their competition scores. The remaining editors are selected on a discretionary basis. Some of these discretionary slots may be used to implement the Review's affirmative action policy.
http://www.harvardlawreview.org/membership.shtml
In 1990, and for several years prior, tensions were high at Harvard, and in particular at the Review, over race issues. During such tumultuous times, it doesn't seem surprising that the Review would take the opportunity to elect it's first black President.
>>> Did he win the presidency because of affirmative action too? You do know that the overwhelming majority of those who voted for him were white.
Would he have won if the vast majority of blacks didn't vote for him?
>>> Several other black people have run for president and not won.
They ran on racial platforms that whites wouldn't support.
>>> If you'll Google a little bit you'll see that McCain was FOR deregulation. The Republican's had control of everything till 2006 why didn't they do something about those "out of control Democrats" ?
The Democrats, voting along party lines, blocked the bill before it ever got out of committee.
>>> Why did they go to no bid contracts with Halaburton, Black water, and several other companies doing business in Iraq?
Because, whether you'd like to believe it or not, there are very few companies that have the knowledge, operations and manpower to work under those "war-time" circumstances.
>>> Why are we spending billions, we don't have, to rebuild Iraq when they are sitting on a surplus of money?
Can't say...but I'd sure like a piece of it.
>>> I did tell you why she went to five schools. You may have missed the post.
Must have missed it. Would you mind reposting?
>>> Let's see Obama going to three schools and getting a degree from two would be a success rate of 75% (with a Law Degree-7 year degree) .
Actually, it would be a success rate of 66 2/3%...and Obama was at Harvard for 3 years, not 7.
>>> Palin going to 5 schools and only getting one degree would be success rate of around 25% (only a BA/BS to show for it).
Actually, it would be a success rate of 20%, or a 100% cumulative success rate depending on the circumstances of her education.
>>> Your right there is a comparison Obama did far better then Palin. If we compare the two she failed miserably.
Not at all. If Palin learned more from her experiences at different schools then she'd be way up on Obama who apparently spend a good part of his college years so high on drugs he probably doesn't remember them.
Jesse Jackson for one and there was a black lady on the Green Party this year.
Sad but true. Would that his supporters have been better informed...*sigh*
It's extremely offensive that you would say that we weren't informed! You're basically calling us ignorant! Seems to be the new tag line for those who didn't support Obama.
>>> It's extremely offensive that you would say that we weren't informed! You're basically calling us ignorant! Seems to be the new tag line for those who didn't support Obama.
Well, I didn't say YOU personally...but those were the results of the Zogby poll.
>>> Bush the "experienced president" has assisted in taking the lives of thousands of people.
Bush, the "experienced President" acted to defend the country with the full-throated support of the Congress.
>>> Who has experience on being a president before they are president?
Um...then I presume that you find Palin qualified to be President?
I asked for a non-partisan article stating your claims. Thanks for failing to provide one.
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