In his first major speech since leaving office, former President Barack Obama complained about how he has too much money. The speech occurred during his trip to Africa, which happens to be the poorest Continent on the planet.
— RNC Research (@RNCResearch) July 17, 2018
Leading up to his claim that he has too much money, the former President spoke out in favor of collective bargaining, breaking up monopolies, and progressive taxation, among other policies. He somehow felt that these policies would be of help in a poverty ridden place such as Africa, where being able to consistently put food on the table is a luxury.
After preaching to the crowd about how he knows how to fix all their problems, Obama quickly switched subjects stating “I should add by the way, right now I’m actually surprised by how much money I’ve got,” adding that “there’s only so much you can eat. There’s only so big a house you can have. There’s only so many nice trips you can take. I mean, it’s enough.”
Beyond making an obvious humble brag/complaint, Obama demonstrated his clear lack of understanding when it comes to capital. It isn’t surprising that somebody like Obama, who has never owned a business, would feel as though he has too much money. He doesn’t understand that the majority of people with large sums of money generally invest it in order to make more money, and in turn, create jobs.
But former President Obama has no idea about what goes into creating jobs. He famously made that clear in 2012 with his “you didn’t build that” statement made as a jab at business owners taking pride in the businesses they built.
Former President Obama was in Africa to commemorate the 100th birthday of South African revolutionary, and avowed communist, Nelson Mandela. While on his trip he also visited Kenya, the birthplace of his father.
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