Who Is Funding the Purchase of the $35 million Beachfront Hawaiian Estate for Barack and Michelle Obama to Move into Come January 2013?
[ President Barack Obama's living room with ocean view, beginning in January 2013 ]
I’ve done some more digging here in Chicago on the story we brought you on Friday about plans currently underway to purchase a $35 million beachfront estate on the island of Oahu in a part of Hawaii called “Kailua” for the Obama family to move into in January 2013 when they leave the White House.
It’s funny, but “kai” means “victorious” in Mandarin Chinese and you probably know that “lua” is close to the Hawaiian word “luau”, which is of course a large party. It’s more than ironic that a spot in paradise that conjures a mental image of “victory party” will be the place the Obama family moves to in just four months or so, after they’ve been booted from the White House. They surely won’t be in a festive mood after being downgraded from “First Family” to ordinary citizens again, but no doubt the rest of the world will be celebrating.
The woman who is organizing the funding of the Obama’s post-presidential estate is Penny Pritzker (pictured above, in between the worst President since Jimmy Carter and a woman who only dresses appropriately on Halloween or April Fool’s Day), who is also in charge of raising the donations for Obama’s presidential library and museum. The two are more or less the same project, with the priority being to get the $35 million together to fund the purchase of the Obamas’ new home. It appears that Pritzker herself may contribute up to half of the total purchase price, making up the difference from whatever the Obamas could not afford and the fundraising wouldn’t cover. Pritzker is a billionaire who in recent years resolved a long-standing family feud over her late father’s vast business empire that includes the Hyatt Hotel chain as well as assorted manufacturing operations. The wealthiest families in Chicago are being leaned on heavily to contribute with Penny aggressively guilting them with “appeals of you don’t want the President to be homeless in January, do you?”. That’s more or less an exact quote from Penny, if my source within her social group is not paraphrasing.
Fundraising has been lackluster, though, as there is not much interest in helping to fund either the presidential library or the Obama’s new home since Chicagoans are feeling stabbed in the back that the Obamas are abandoning Illinois for the warmer clime of Hawaii; the general consensus is that Chicagoans are waking up to the fact that the Obamas have gotten everything they could out of Chicago and are now moving on to bigger and greener pastures. Kailua offers them all the fancy restaurants, the shopping, the golf, and other amenities they like plus the sunny weather they love and it’s closer to the Pacific and Middle East where Obama believes he’ll command the highest speaking fees as an ex-US president who’ll happily denounce America for years to come for paying foreign crowds, in much the way that Jimmy Carter has earned his living since 1981.
You might not realize this, but this is actually not the first time someone in Chicago has helped the Obamas buy a house beyond their financial reach: convicted felon and Chicago machine political “fixer” Tony Rezko helped the Obamas assemble the funding for the home they currently own in Chicago’s murder and robbery-prone neighborhood known as Hyde Park. Penny Pritzker is making aggressive use of the recent headlines about gunshots being fired and people killed just two blocks or so away from the Obamas’ Hyde Park home, with Pritzker saying, “You don’t want them moving back where there’s gunfire, do you? DO YOU?”.
It’s actually quite common for very wealthy friends of a President to buy him a new home for after he leaves the White House, since most of the people who’ve been President so far were not very rich before they entered office (with Obama being an exception since he had several millions from his book sales before his election).
Here’s how post-presidential homes typically work: the President’s friends and wealthiest supporters chip in to ensure the family leaving the White House has someplace “suitable” to occupy once they are no longer living at 1600 Pennsylvania Avenue. Another part of Penny’s fundraising push is that “the Obamas can’t go back to Hyde Park, it just wouldn’t look right, that house is too small and is not suitable for their new stature”. The Obamas are never going to live in Chicago again. They never planned to. But this election has gone south in ways they did not expect before Obama’s infamous “You didn’t build that” comment last month. The plan was always to get them an estate in Hawaii, but it had been to buy them land and then construct a home especially for them. Now that there’s a rush to have something ready by January, the most opulent available home on Oahu must be secured for the Obamas “lest they be homeless” as Pritzker is arguing.
Before that “you didn’t build that, somebody else made that happen” revelation, there was still a (delusional) belief in Obama’s inner circle that Democrats could pull off a win in this election. They also expected Mitt Romney to select Rob Portman or Tim Pawlenty as his VP…and the most delusional of them believed if Paul Ryan was in fact chosen that the Mediscare attacks would sink him…and Romney’s campaign too. When it became quickly and resoundingly clear that Romney/Ryan was a winning combination, the emergency contingency protocols went into effect and Penny Pritzker started the aggressive fundraising push for the post-presidential purchase.
There is no hope of Obama winning the election, and though the corrupt media and Democrats will never admit it, behind the scenes those close to the Obamas have thrown in the towel and are helping plan the Hawaiian move four years earlier than they anticipated just a few months ago.
In the past, friends and large donors had more time to prepare for a President’s departure from the White House. Ronald Reagan’s California pals assembled a funding operation to buy Nancy and him their post-presidential ranch. The Clintons used Bill’s book advance to buy their new home and the Bushes had their friends help them secure the place they moved into in suburban Dallas. Presidential homes are purchased with private funds through false-front entities that hide the true owners to ensure their privacy. Penny Pritzker no doubt has many on her staff working out all these details as well as managing whatever checks come in to support the “Obama Relocation Project”.
Later today I’m interviewing a few people in Hawaii who have more on the ground information of what’s coming towards Kailua with the Obamas’ move there. I’ve made calls and sent emails to both the realtor handling the sale of this property and to Penny Pritzker’s office for a comment from her, but so far I’ve received no answer.
READ PART THREE of the investigative report HERE
READ PART FOUR of the investigative report HERE
© 2012, Kevin DuJan. All rights reserved.
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