President Obama is seeking to raise $1 billion for his presidential library.
George W. Bush’s library raised anywhere between $250-300 million (give or take), so yes, this would be by far the most expensive presidential library ever constructed.
Even though these shrines to former American leaders are privately funded, the taxpayer definitely still contributes on a yearly basis, thanks to upkeep and what not.
From NewsMax:
President Barack Obama’s post-presidency plans come with a hefty price tag that could exceed $1 billion, The New York Times is reporting.
Advisers mapping out life after the White House for the president and first lady Michelle Obama are preparing fundraising strategies to raise at least $800 million for the Obama Library and foundation.
That number, according to The Times, is the minimum for an Obama endowment. Obama’s lofty plans for a high-tech, digital-first library and worldwide foundation could exceed $1 billion, twice the amount raised by President George W. Bush.
The Times story speculates that Obama’s visit to a federal prison and his eulogy for one of the Charleston church massacre victims indicate the president will focus on criminal justice reform and race relations. He may also pursue diplomatic endeavors with Iran and Cuba.
A voracious fundraiser, Obama pledged not to actively raise money for his post-presidency plans while still in the White House.
Still, money has been donated — about $5.4 million.
And the Obamas held a dinner at the White House recently for potential donors, though donations were not actively solicited.
“Chicago hedge fund operator Michael Sacks and his wife, Cari,” have donated $666,666. In other words, the number of the beast, twice.
Ha!
I’m trying to imagine what an Obama Presidential library will look like.
Maybe there will be an homage to Kanye West, Jay-Z, and all the other celebrities who’ve supported the failed politician over the years.
How about a fresco of singer Whitney Houston? 44 lowered the flag after she passed, so that would work.
Wouldn’t it be great if the carpet was all the colors of the rainbow? Better yet, how about just lining the floor with $100 bills as a way of sticking to all the job creators out there?
We know there won’t be many records kept on site, since Barry will more than likely take his cue from Hillary and delete those asap.
What a joke. $1 billion, really? Stones, bro. Dude has some stones. What’s worse, is that you just know Obama feels he deserves this.
Found at Young Cons