Obamateurism of the Day

posted at 8:01 am on October 19, 2012 by Ed Morrissey

There is almost nothing worse in politics than the zinger that ends up as backfire. Barack Obama thought he’d scored a big point on Mitt Romney Tuesday night by attacking his wealth, and specifically his investments and pensions:

Ha ha! That’s great — Obama got to tell Romney that his pension isn’t as big as Romney’s, reminding everyone that Romney’s rich. Unfortunately for Obama, not only did Romney turn out to be right about Obama’s investments in China and the Caymans, for which Obama has hammered Romney for months, Obama has far more lucrative pensions than Romney does (via Carol Platt Liebau):

As president, he will receive $191,300 annually for life — win or lose in next month’s election — and receives a travel allotment as well as mailing privileges. Should Obama lose, his presidential pension kicks in immediately after leaving office.

Given that the president enjoys a normal life span, the pension allotment would be worth upwards of $6 million.

The federal budget spends about $3 million annually for the four living ex-presidents. Obama also will get Secret Service protection.

In addition, Obama may be due a nice pension for the eight years he served in the Illinois Legislature as a state senator.

Illinois is infamous for its lavish pension plan for former lawmakers. A Freedom of Information Act request for Obama’s pension amount submitted Wednesday to the General Assembly Retirement System of Illinois was not immediately answered, nor was a call to the Obama campaign.

But what about Romney?  He must be getting some fat-cat pensions based on golden parachutes made out of the skin of workers sacrificed to the gods of Bain and Capitalism, right?  Nope.  In fact, Romney has no pensions at all, and only has the money he’s saved on his own (worth a considerable amount, of course):

His Individual Retirement Account could be worth in the neighborhood of $87 million, as documented in an extensive report from the Washington Post.

But as for a strictly public pension? Zip, zero.

Romney only served one term as governor of the Bay State and did not take a salary, so he is eligible for nothing.

So while Romney appears headed for a happier retirement financially, he’ll be footing his own bill — unless, of course, he wins next month. In that case, his nest egg will be even that much bigger than Obama’s.

You think that a man who runs the most powerful nation on Earth might know something about his own portfolio before trying out that attack.  Then again, Obama has rung up four straight trillion-dollar deficits, so clearly fiscal management isn’t one of his strong suits.

 

Got an Obamateurism of the Day? If you see a foul-up by Barack Obama, e-mail it to me at [email protected] with the quote and the link to the Obamateurism. I’ll post the best Obamateurisms on a daily basis, depending on how many I receive. Include a link to your blog, and I’ll give some link love as well. And unlike Slate, I promise to end the feature when Barack Obama leaves office.

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Comments

and reporters were applauding obama for the ‘zinger’

idiots all of them…

cmsinaz on October 19, 2012 at 8:04 AM

The tax payers have the pleasure of paying Obamas way after he’s gone.

docflash on October 19, 2012 at 8:04 AM

OT: (photo)
How come Obama got to attend that dinner with his mistress?
http://www.nytimes.com/2012/10/19/us/politics/obama-romney-roast-each-other-at-al-smith-charity-dinner.html?_r=0

Marcus on October 19, 2012 at 8:06 AM

I’ll happily(*) pay for Obama’s pension, as long as it means he’s out of the White House.

(*) Happier, at least, than paying for him being in the White House. But we’ll be paying for that, in other ways, for the rest of our lives anyway.

NeighborhoodCatLady on October 19, 2012 at 8:08 AM

aaaaaaaaannnnd Andrea Mitchell admitting MSNBC doesn’t pay their gals as much as the guys.

:-)

PappyD61 on October 19, 2012 at 8:14 AM

Someone mentioned this in another thread …… Given his record, will Romney decline his POTUS salary as well? Pros and cons to that.

conservative pilgrim on October 19, 2012 at 8:20 AM

None of that is “optimal.”

chai on October 19, 2012 at 8:21 AM

I like Team Romney’s oppo research. I wonder how many more secrets they will reveal.

conservative pilgrim on October 19, 2012 at 8:21 AM

Mitts retirement after 8 years as President will of course be better than Obama’s exile to West Virginia coal mines after all the truth of his misdeeds comes out, hopefully!

tim c on October 19, 2012 at 8:25 AM

…so clearly fiscal management isn’t one of his strong suits.

He doesn’t have any strong suits. Furthermore, his suits are all empty.

KS Rex on October 19, 2012 at 8:27 AM

Ed,

You guys are missing something BIG.

The polls are not reflecting the debate performance of Mitt or Obama.

People are just now going through open enrollment for their health insurance (Oct-Dec).

They’re being told their benefits are now Taxable Income and will be Taxed accordingly. In addition, their premiums are going up $150 – $200 per month. Their taxes just went up. Alot.

They are not happy and blaming ObamaCare, and Obama directly.

joshlbetts on October 19, 2012 at 8:31 AM

I like Team Romney’s oppo research. I wonder how many more secrets they will reveal.

conservative pilgrim on October 19, 2012 at 8:21 AM

Yes indeedy. Hope he pulls a few more out like this on Monday night.

Brat on October 19, 2012 at 8:36 AM

This is REALLY funny.
Obama did not know that Romney is without a pension and Romney has to tell Obama what is in HIS.
Hahahaha !

That is Obama. Just assumes that govt. takes care of everything.
He just does NOT understand.

Jabberwock on October 19, 2012 at 8:41 AM

Al Ghore chuckles at all of this.

FlaMurph on October 19, 2012 at 8:42 AM

Obama’s been counting on replacement ref quality media coverage to work in his favor all along, so he’s scored far fewer points than he’d have everyone believe.

I’ve said for a while that Obama wins more by losing than by winning. The numbers agree.

CitizenEgg on October 19, 2012 at 8:43 AM

E-I-P-C
F-I-A-L

Obama gots mo’ C-S-A-H

Nutstuyu on October 19, 2012 at 8:45 AM

A lot of y’all are assuming that Obama makes mistakes and doesn’t know these things. That a charitable take. My opinion? He is a sorry liar and would lie when the truth would suit him better.

TXMomof3 on October 19, 2012 at 8:47 AM

Someone mentioned this in another thread …… Given his record, will Romney decline his POTUS salary as well? Pros and cons to that.

conservative pilgrim on October 19, 2012 at 8:20 AM

If I were him, I’d just endorse the check right back to the Treasury. Or send the entire amount to some charity (probably not the Mormon church though as that would create a *gasp* theocracy!!!eleventy!!1!).

Nutstuyu on October 19, 2012 at 8:48 AM

Nutstuyu on October 19, 2012 at 8:48 AM

A pro life charity that supports adoption for unwanted children would be nice.

TXMomof3 on October 19, 2012 at 8:50 AM

A pro life charity that supports adoption for unwanted children would be nice.

TXMomof3 on October 19, 2012 at 8:50 AM

And if Romney cuts funding to PP, just think how many “unwanted” children there would be!

Nutstuyu on October 19, 2012 at 9:10 AM

Rasmussen today…

Obama 48
Romney 48

Obama is likely in the lead tomorrow since he gained two points yesterday. Was there a debate bump or binder bump?

gumbyandpokey on October 19, 2012 at 9:10 AM

Someone mentioned this in another thread …… Given his record, will Romney decline his POTUS salary as well? Pros and cons to that.

conservative pilgrim on October 19, 2012 at 8:20 AM

Accept the check and quietly increase charitable giving by same amount. Should specifically avoid the church.
Let it come out in tax return.

Jabberwock on October 19, 2012 at 9:11 AM

gumbyandpokey on October 19, 2012 at 9:10 AM

You done ?

Jabberwock on October 19, 2012 at 9:12 AM

‘gumbyandpokey on October 19, 2012 at 9:10 AM

You done ?

Jabberwock on October 19, 2012 at 9:12 AM”

Depends on what other goodies come out today. It looks like something is causing the Romney slide.

gumbyandpokey on October 19, 2012 at 9:19 AM

If he wasn’t too lazy to ‘look’ at his pension, he’d know how much it is and what’s in it. Don’t we all do that every month or quarter when we’re working toward supporting ourselves in retirement. Jug ears is just so used to being taken care of, he’s never had to worry about it.

Kissmygrits on October 19, 2012 at 9:39 AM

The tax payers have the pleasure of paying Obamas way after he’s gone.

docflash on October 19, 2012 at 8:04 AM

Just as we have for his entire life.

Oldnuke on October 19, 2012 at 10:02 AM

Someone mentioned this in another thread …… Given his record, will Romney decline his POTUS salary as well? Pros and cons to that.

conservative pilgrim on October 19, 2012 at 8:20 AM

I think that several past wealthy presidents donated their POTUS pay to charity. Given Romney’s history of charitable contributions I’d guess he’ll do the same. Idle speculation of course.

Oldnuke on October 19, 2012 at 10:07 AM

Romney slide.

gumbyandpokey on October 19, 2012 at 9:19 AM

Hey Poke. Has your candidate EVER polled greater than 49%? 50? 51? IN ANY STATE? Recently?

Gallup 10/19/12
Romney 51% Obama 45%

. . . the 6-pt margin is Mitt Romney’s biggest lead yet in the survey, and coming less than 3 wks before the election, shows momentum that may be hard to stop or even slow.

http://www.livetradingnews.com/gallup-has-it-romney-51-obama-45-90218.htm#.UIFgC65LGCk

Read it and weep. Perhaps three days after the election, Obama will rise or do something . . .

BigAlSouth on October 19, 2012 at 10:16 AM

Neither did Obama actually work and earn the millions he has. His million dollar house in Chicago was obtained through a shady deal with felon Tony Resko. Obama’s book royalties came from rich supporters who bought the books by the truckload to funnel money to him. Even his wife’s wages was political payback $325,000/yr. for part time work to send poor people to other hospitals.

Obama is pure corruption.

jqc1970 on October 19, 2012 at 10:43 AM

been really worried about gumbypokey, thought he was being treated for heavy depression so it’s nice to see he’s on the outside again.
But let’s not be selective on the polls we show:

From Gallup today

Likely Voters

Romney
52% +1
Obama
45% –
7-day rolling average

katablog.com on October 19, 2012 at 10:56 AM

Oh and then there’s what pundit Bob Beckel said last night.

Warning: gumby, don’t click the link until you are under heavy medication and a doctor’s care.

katablog.com on October 19, 2012 at 10:59 AM

gumbyandpokey on October 19, 2012 at 9:10 AM

RCP Composites

Today: Romney +0.7

Last week: Romney +0.4

That’s some slide. Cherry-pick all day long, it won’t make the truth into a lie, and won’t make your lies into the truth.

Freelancer on October 19, 2012 at 10:59 AM

Romney: “…By the way, in the spirit of ‘Sesame Street,’ the president’s remarks are brought to you tonight by the letter O and the number 16 trillion.”

Schadenfreude on October 19, 2012 at 11:00 AM

gumbyandpokey on October 19, 2012 at 9:10 AM

You are the biggest fool on HA.

Schadenfreude on October 19, 2012 at 11:01 AM

Obama, not the optimal President.

BDU-33 on October 19, 2012 at 11:13 AM

Only an immature mind would think that Obama got in a zinger. It was a real “I am rubber, you are glue” moment in politics that demonstrated, again, just how super scary Obama is.

jukin3 on October 19, 2012 at 11:21 AM

Doh.

Tim_CA on October 19, 2012 at 11:36 AM

With an $87,000,000 IRA, I’m glad Romney chose not to contest the point with the President. IRA/401k/DB plan/DC plan/Gov’mt plan, the ordinary person thinks of all of it as “pension” or “retirment” generally.

EconomicNeocon on October 19, 2012 at 12:12 PM

gumbyandpokey on October 19, 2012

……………D I A H R R E A…!!!

KOOLAID2 on October 19, 2012 at 9:44 PM