January 14, 2010

WHERE is the money?


The Pretender in Chief was awarded the Nobel Peace Prize on the 10 of December, 2009. The Prize has a cash value of $1.4 million dollars attendant to it.
Mr. Obama stated at the time that the money would be donated to charity, but as of today, no one knows where the money has gone.

The US Code is very specific about gifts given to elected officials from foreign sources; the code states:

1) The Congress consents to—
(A) the accepting and retaining by an employee of a gift of minimal value tendered and received as a souvenir or mark of courtesy; and
(B) the accepting by an employee of a gift of more than minimal value when such gift is in the nature of an educational scholarship or medical treatment or when it appears that to refuse the gift would likely cause offense or embarrassment or otherwise adversely affect the foreign relations of the United States, except that—
(i) a tangible gift of more than minimal value is deemed to have been accepted on behalf of the United States and, upon acceptance, shall become the property of the United States; and

(ii) an employee may accept gifts of travel or expenses for travel taking place entirely outside the United States (such as transportation, food, and lodging) of more than minimal value if such acceptance is appropriate, consistent with the interests of the United States, and permitted by the employing agency and any regulations which may be prescribed by the employing agency.
(2) Within 60 days after accepting a tangible gift of more than minimal value (other than a gift described in paragraph (1)(B)(ii)), an employee shall—
(A) deposit the gift for disposal with his or her employing agency; or
(B) subject to the approval of the employing agency, deposit the gift with that agency for official use.

The President is considered a Federal employee.

In other words, any monies he received from foreign sources MUST be turned over to the Treasury Department within 60 days. Mr. Obama CAN NOT LEGALLY donate that money to any charity; it belongs to the United States.

He's still within the 60 day period, but he needs to turn it over within the next 26 days or he will be committing an impeachable offense under the US Code.

Keep on eye on this issue folks, and keep the legal requirements in mind. The Pretenders actions will tell you just what kind of Administration we are laboring under.

I'm not holding my breath that he will do what he is legally required to do, but I'm not sanguine on Congress holding him accountable to the legality either.

Posted by Delftsman3 at January 14, 2010 07:10 PM | TrackBack

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