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Post by ngadhnjyesi on Aug 14, 2008 18:52:20 GMT -5
Cudi. Car do gjejn Polaket ne Shkoder? huh, interesante. Maybe they were on their way from Montenegro to our Riviera or vice-versa. They also have the Rozafa castle there.
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Post by Teuta1975 on Aug 14, 2008 20:50:55 GMT -5
Son, we are discussing about the fact that the loan is not money given to you out of generosity but out of profit. You will be very well aware of it when you'll start paying that loan. As per Obama: he took the loan for Columbia and Harvard...by the time he was elected senator I get quite confused to see how one person, working honestly,, paying the loan, paying the house (his house cost one million and a half by the way), paying for a living and paying the tax (not excluding the car loan) can make millions in a few years...in order to be elected a senator! Am I missing something here? Perhaps I am. Can you enlighten me? Thanks in advance, T.
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Post by meltdown711 on Aug 14, 2008 21:07:17 GMT -5
I think we should split the topics so as to give Donnie room to post his stuff and continue the convo in a better fashion.
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Post by Teuta1975 on Aug 14, 2008 21:16:03 GMT -5
yes...you're right Toskali...
The pictures were very nice...indeed...more pictures are very welcome...
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Post by ngadhnjyesi on Aug 14, 2008 21:23:54 GMT -5
Son, we are discussing about the fact that the loan is not money given to you out of generosity but out of profit. You will be very well aware of it when you'll start paying that loan. As per Obama: he took the loan for Columbia and Harvard...by the time he was elected senator I get quite confused to see how one person, working honestly,, paying the loan, paying the house (his house cost one million and a half by the way), paying for a living and paying the tax (not excluding the car loan) can make millions in a few years...in order to be elected a senator! Am I missing something here? Perhaps I am. Can you enlighten me? Thanks in advance, T. Mami, Please don't change the subject. You said Obama is rich because he went to Harvard and Harvard costs $40,000. All I said is that in the US students can get loans or scholarships. Btw Obama was the president of Harvard Law Review so between his smarts and him being black I'm sure he was eligible for some sort of scholarship. And as for paying back loans it's not impossible if you have a steady job. Its not easy, that why I've been b***hing earlier in this thread, but it's doable. A colleague of mine has $250,000 in student loans which she's paying off. As for Obama's house I did mention that he's made money from his books and now he can afford a million dollar mansion so no need to delve further in that. Hope my brief explanation has shown you the light.
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Post by Teuta1975 on Aug 14, 2008 22:49:31 GMT -5
lol... I am not changing subject. I am discussing the fact that the loan in USA is something everyone will have to pay, including Obama. I was assuming he didn't take any loan therefore he made millions (not because of the book; it is naive to believe it)...but even if he didn't have any loan to pay, yet, he couldn't make millions...(31 millions to be precise in a few years...) Being a President at Harvard doesn't mean to make millions...and the millions are profit I wish her luck for she will regret it for the rest of her life....poor darling... please spare me nativities and brainwashing... nice attempt but not persuasive enough...
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Post by ngadhnjyesi on Aug 14, 2008 23:11:17 GMT -5
I am not changing subject. I am discussing the fact that the loan in USA is something everyone will have to pay, including Obama. I was assuming he didn't take any loan therefore he made millions (not because of the book; it is naive to believe it)...but even if he didn't have any loan to pay, yet, he couldn't make millions...(31 millions to be precise in a few years...) Being a President at Harvard doesn't mean to make millions...and the millions are profit I see we're not getting anywhere here so I'll just drop it. In my book Obama is not a millionaire in the mold of Mitt Romney, Mike Bloomberg of John Kerry. Obviously he's not poor since he's one of 2 people selected to represent his state in the U.S. Senate, one of the most elite clubs in the world one can belong to.
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Post by albquietman on Aug 14, 2008 23:24:13 GMT -5
...and he became rich all of a sudden! Where did he find the money to pay for Columbia and Harvard? Listen, no poor can afford Harvard! No middle class either if not a strong support or back up. It seems his mother had a lot of qualities...special... Teuta and AlbQ I thought you guys live in the US. Are you even aware how the educational system works here? Have you heard of loans or scholarships? You don't have to be rich to go to Harvard/Yale you have to be smart enough to get in there. Once you're in depending on your financial situation you'll pay as much as you can afford. And it's not just Harvard/Yale that cost $40,000. Lots of private institutions charge outrageous tuition. My graduate school cost $33,000/year and it's not even ranked in the top. I had $2,000 in my bank account when I went. How do you think I paid for it? LOANS. Donnie, very nice pics...I was at these places last year in August...I wish I was there now Ngadhi, I thought I lived in US too, I mean the US that I was told ...anyway, I know that thee are some beasts called loans in this country that are supposed to keep you alive while you're in school and to make some others richer of course. But what I was talking about was the fact that how can someone that was in debt 3 years ago because of his school loan can be a millionaire today. I might not have been so clear on my post, but that was my point, because Obama 3 years ago was still paying his loan, but now he's a millionaire...don't you think that there is something strange with this picture?
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Post by Teuta1975 on Aug 14, 2008 23:24:21 GMT -5
Of course we are not getting anywhere except the fact that his income is somehow veiled by mystery...until otherwise proved...
but if you drop it, it's ok...
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Post by ngadhnjyesi on Aug 14, 2008 23:49:40 GMT -5
Ngadhi, I thought I lived in US too, I mean the US that I was told ...anyway, I know that thee are some beasts called loans in this country that are supposed to keep you alive while you're in school and to make some others richer of course. But what I was talking about was the fact that how can someone that was in debt 3 years ago because of his school loan can be a millionaire today. I might not have been so clear on my post, but that was my point, because Obama 3 years ago was still paying his loan, but now he's a millionaire...don't you think that there is something strange with this picture? AlbQ what do you think Obama is like the politicians in Albania that takes a cut of every business transaction he approves of? I don't know what you guys are trying to get at. It's obvious you both don't like Obama, something I have no problem with. Well, let's just stop speculating. Here's an article from CNNMoney on Obama's finances. : Obama's moneyNet Worth: $1.3 million Where he got it After Harvard Law, Obama didn't exactly rake in the big bucks. He led a voter-registration drive and then worked for a Chicago law firm that specializes in civil rights and employment discrimination. He earned $60,000 as an Illinois state senator, plus another $32,000 as a lecturer in constitutional law at the University of Chicago. Michelle Obama, however, worked for a while as a big-firm lawyer, leaving to take jobs in the nonprofit sector. She wound up as vice president for community affairs at the University of Chicago Hospitals, a position that paid nearly $317,000 a year. She resigned in May and also left her post as lead independent director of Tree House Foods, a private-label food business. According to the Obamas' tax return (Obama and Sen. Christopher Dodd of Connecticut are the only candidates to release one), their income hit $1.7 million in 2005 and $991,000 in 2006. The big boost came from his writing, following the stirring speech at the 2004 Democratic Convention that made him famous. First came a memoir, "Dreams of My Father," and later "The Audacity of Hope," which was on the New York Times bestseller list for 30 weeks. Where it goes Excluding Michelle Obama's retirement plan, whose value needn't be reported, the couple has about $715,000 in investments. All the money except for two very large checking accounts is in mutual funds. About $350,000 is divided between Vanguard FTSE Social Index Fund, a socially responsible fund, and Vanguard Wellesley Income, which has a mix of 60 percent bonds and 40 percent stocks. How he could do better The Obamas have about 40 percent of their money in cash - about right for now, says Jason Mirsky of RiskMetrics: "They may need that much cash to tide the family over without Michelle's income." Later, however, the Obamas should ramp up their stock allocation to about 70 percent. With their earning power, they can take more risk, adding small-cap and international funds. They could also venture into real estate investment trusts or commodities. They should start 529 college savings plans for their two girls.
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Post by Teuta1975 on Aug 15, 2008 0:02:47 GMT -5
He earned $60,000 as an Illinois state senator, plus another $32,000 as a lecturer in constitutional law at the University of Chicago.
Michelle Obama, however, worked for a while as a big-firm lawyer, leaving to take jobs in the nonprofit sector. She wound up as vice president for community affairs at the University of Chicago Hospitals, a position that paid nearly $317,000 a year.
She resigned in May and also left her post as lead independent director of Tree House Foods, a private-label food business. According to the Obamas' tax return (Obama and Sen. Christopher Dodd of Connecticut are the only candidates to release one), their income hit $1.7 million in 2005 and $991,000 in 2006. It is not matter of liking or disliking Obama. I am just questioning his money (thus his honesty) same as I would have with anyone else...
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Post by albquietman on Aug 15, 2008 0:27:56 GMT -5
Ngadho, the point I wanted to make, or at least I tried, because I see you didn't get it yet, it's not if I like or dislike Obama. I voted once in this country, and my vote went for the democrats, not because I liked John Kerry, but just because he was a democrat. But what I've seen in this country, I don't think it makes a difference anymore if you vote or not.
I've read the article you just posted, and to tell you the truth it doesn't make any sense to me, or and if it makes sense, it leaves me a bad taste in my mouth, because for some people in this country, all of sudden, the luck is on their side, and from trying to pay off their debt 3 years ago, they become millionaires all of a sudden. Simple math, or common sense, if the couple made so much money after the school and the wife was making $317,000/year, how come they were still trying to pay off the loan? I'm not trying to get to some conspiracy theory here, but I'm trying to say that making millions in such short period of time its kind of unusual, and think about it, right after this guy goes for president...
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Post by Teuta1975 on Aug 15, 2008 0:31:51 GMT -5
AlbQ, read that the wife worked for a while, without specifying how long, that may be 2 months as well as 11 months...and all data is based on what he declared as tax return... he made 32.000 as a lecturer and 60.000 a year as something else...92.000 a year...that becomes millions... PS: what is unveiled is attributed to his "best seller" book
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Post by albquietman on Aug 15, 2008 0:36:00 GMT -5
That's my point Teuta, and I hope Ngadhi will get it this time
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Post by Teuta1975 on Aug 15, 2008 0:40:03 GMT -5
His income hit 1.7 millions... Both salaries (his and his wife) cannot make it
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Post by ngadhnjyesi on Aug 15, 2008 0:52:12 GMT -5
Guys I keep repeating that he made most of his money from his books but you seem to conveniently forget that fact. Even the article states that: "The big boost came from his writing, following the stirring speech at the 2004 Democratic Convention that made him famous. First came a memoir, "Dreams of My Father," and later "The Audacity of Hope," which was on the New York Times bestseller list for 30 weeks." His income skyrocketed once he became a senator and the opportunity to rake in some cash knocked on the door. Ok found an article that will shed some light: www.nytimes.com/2008/05/18/us/politics/18memoirs.html"Just as he was eager to promote his first book to Ms. Hartman, he has made the most of his second. When his keynote address at the 2004 Democratic National Convention sent his memoir soaring out of obscurity and straight onto the best-seller list, he untethered himself from his longtime literary agent in favor of Robert B. Barnett, the Washington lawyer who had gotten Senator Hillary Rodham Clinton an $8 million book advance and then landed Mr. Obama a $1.9 million, three-book deal."
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donnie
Senior Moderator
Nike Leka i Kelmendit
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Post by donnie on Aug 15, 2008 8:41:30 GMT -5
Dont worry guys, keep discussing and I'll insert some pictures occasionally, for the sake of variation ;D
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donnie
Senior Moderator
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Post by donnie on Aug 15, 2008 8:42:26 GMT -5
Cudi. Car do gjejn Polaket ne Shkoder? huh, interesante. Maybe they were on their way from Montenegro to our Riviera or vice-versa. They also have the Rozafa castle there. I saw Polish tourists elsewhere as well. Even as far south as Saranda.
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Post by bordura on Aug 15, 2008 14:56:54 GMT -5
Teuta and albquietman, income is not only the salary. So it is clear that his total yearly income is comprised of his salary his wifes salary and other sources; mutual fonds, royalties from his books, speeches (by the way Clinton charges no less then 50 000 for a speech of 1 hour). With that kind of money he is upper upper middle class, but in no way RICH at list in US. No doubt he is going to get rich soon Both Clinton's entered politics and won Governers seat Presidential seat and Seant seat not as rich. In fact Clinton's entered White House as upper middle class and went out of the White House in debt.
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Post by Teuta1975 on Aug 15, 2008 19:46:51 GMT -5
I am going to write a book though...I have to think the subject..
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