John Ransom

As long as one sorely needs a certain additional amount, that man isn’t rich. Seventy times seventy millions can’t make him rich, as long as his poor heart is breaking for more. I am just about rich enough to buy the least valuable horse in your stable, perhaps, but I cannot sincerely and honestly take an oath that I need any more now. And so I am rich. But you, you have got seventy millions and you need five hundred millions, and are really suffering for it. Your poverty is something appalling.—Mark Twain to Cornelius Vanderbuilt

He lies in little things, and he lies in big things.

No, I’m not talking about your local divorce lawyer, although he lies a lot too.

I’m talking about Barack H. Obama, sometimes known in liberal parts as Jesus H. Christ.

Now, before I get tons of email calling me sacrilegious because of the JHC crack, please make sure you understand this part first: The tiny email button to contact me directly is now located on the bottom left side of the page, right next to my picture.

So go ahead and email me.

Seriously. Or be funny. Or indignant.

Chef’s choice.

Back to the column: Obama promised that in solidarity with federal employees, he would take a 5 percent pay cut when federal employees were furloughed.

“Obama promised last April to take a 5 percent pay cut in ‘solidarity’ with federal employees who were furloughed as a result of the automatic budget cuts,” writes the Washington Free Beacon, “known as the sequester. The cut was meant to equate to the level of spending cuts imposed on nondefense federal agencies.”

And of course when asked about it now, the White House will neither confirm nor deny that the president made good on his promise.

A promise that would have amounted to about $20,000—a relatively small sacrifice for a multi-millionaire-- or only a third of all the welfare and entitlement benefits a person would receive who lives in Hawaii.

And while some looked at Obama as a man of promise, we know him now to be a man of broken promises.

In both little things and in big things.

And big things are what Obama’s soon to be all about.

As in big money.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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