Well, maybe it’s not exactly a news story since it’s written by someone from a place called the National Constitution Center and was picked up here. But if job performance is the criteria for earning a raise, then the boob in the White House should be cutting the taxpayers some rebate checks right about now.
President Barack Obama’s salary pales in comparison to the average CEO. But does the president really need a raise? The historical data says “yes,” but the potential big payoff for newer presidents says “probably not.”
In 2011, the average Fortune 500 company leader made $12 million a year. President Obama has a $400,000 annual salary, gets a $50,000 expense account, and a really cool house to live in. But he has to buy his own food in some cases.
The debate over presidential pay dates back to the Prohibition era, when people were shocked in 1930 when baseball star Babe Ruth was given a salary that paid more than President Herbert Hoover’s.
The guy takes multi-million dollar vacations every other month. Maybe a better question should be: Should Obama pay for his own vacations?
Speaking of lavish vacations, his wife and kids sure are living large on our dime out in Aspen.
One witness told us, “Michelle was with two big groups and were in Aspen all weekend. Both girls were skiing, one in blue and one in a purple coat, and black pants. Michelle was in a navy ski suit. There were crowds of security guards dressed in black around them, all parked off the bunny slopes. Michelle and the girls were mainly going out each morning before the lifts opened.”
Since nobody in the media bothers to ask, we will: Who’s paying the tab for these two large groups?