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ABC Ignores Its Own Revelation That Obama Was ‘Wealthy’ While Paying Off Student Loans

Home - by - April 27, 2012 - 09:30 America/New_York - 4 Comments

Newsbusters

ABC News has, thus far, ignored its own revelation that, contrary to insinuations made by Barack Obama, the then-private citizen and his wife “were making enough to be considered ‘wealthy’ by the president’s own definition in the years before his loans were paid off.” ABC relegated this story to a posting on its website, not mentioning it on Wednesday’s World News orNightline.

The story was similarly skipped on Thursday’s Good Morning AmericaWorld News did touch on student loans, but only to accuse Mitt Romney of flip-flipping on the issue. David Muir dug up a clip of the Republican telling a college student to shop around and not expect the government to bail him out.

On Tuesday, President Obama said this: “We only finished paying off our student loans off about eight years ago…That wasn’t that long ago. And that wasn’t easy – especially because when we had Malia and Sasha, we’re supposed to be saving up for their college educations, and we’re still paying off our college educations.”

Yet, as Jon Karl explained on ABCNews.com, Obama was sometimes making over $250,000 ($272,759 in 2002). He reported:

But according to their tax returns, which are available on the White House website, the Obamas had a healthy, six-figure income by the year 2000 (the earliest return available). And for at least two years before his loans were paid off, Obama, by his own definition, made so much they were wealthy enough to pay higher taxes.

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» 4 Comments

  1. Debbie

    April 27th, 2012

    I’d like to see proof that he DID pay his way thru college.

    Thumb up +4

     
  2. GI-had Joe

    April 27th, 2012

    What a cock sucker.

    Thumb up +2

     
  3. Blink

    April 27th, 2012

    What!! Obama lied about his income level in order to promote class warfare. The major network news organizations knew this and suppressed it. I’m shocked I tell ya.Shocked.

    Thumb up +3

     
  4. Papadoc

    April 27th, 2012

    Pay no attention to the man behind that curtain!

    Thumb up 0