John and Cindy McCain paid $700,000 CASH for a loft...

[Barack_America]

...for their daughter Meghan's graduation gift.

Whereas the Obama girls get a $1 per week allowance.

Now you tell me which family is full of elitists.

Barack Obama Gives Daughter $1 Allowance a Week

Do you give your girls an allowance?
Michelle: Sorta, kinda.
Barack: I'm out of town all the time, so Malia will say, "Hey, you owe me 10 weeks!" ... Originally, we were giving her a dollar a week as long as she did all her chores. It turns out that she's been doing her chores even without prompting from the allowance, which makes me feel guilty that she's been carrying on her end of the bargain and I haven't been as consistent.

What types of chores?
Barack: Setting the table, rinsing the dishes.
Michelle: They have to clean up their half of the third floor where they play. They have a closet of toys they have to clean up. They have to practice their piano every day.

And the girls don't get birthday presents either, just a party for themselves and their friends.

http://www.people.com/people/article/0,,20214569_2,00.html

McCains Bought Their Daughter A $700,000 Loft When She Graduated From College.

According to property records from Maricopa County Arizona, the McCains purchased a $700,000 Phoenix Loft in May of 2007. Wild River LLC bought the loft on May 24, 2007. (4326 N 25th St., Unit 2, Phoenix, AZ 85016)

* John And Cindy McCain Paid For Meghan’s Loft With $700,000 Cash. According to the Property Transfer Record from Maricopa County, Arizona, the McCains paid cash for Meghan McCain’s $700,000 Biltmore Loft.
* Meghan McCain’s Parents Bought Her A Loft That “Looks Like A Spaceship Furnished By West Elm.” According to a Meghan McCain profile piece written in GQ, “Meghan’s parents, Senator John and Cindy McCain, bought her this loft around the time she graduated from Columbia University last spring, and the interior looks like a spaceship furnished by West Elm. There’s a giant silver chimney that extends out of her fireplace into the ceiling about twenty feet above. Across the living room is a very stylish and very uncomfortable-looking pod chair.”

Lifestyles of the Rich & Out of Touch: McCain vs. Minnesota
http://www.mccainvminnesota.com/cribs.html

This is a great resource that describes the TEN homes the McCains own, worth an estimated $13 MILLION.

P.S. The Obama's took out a mortgage on their $1 million dollar family home...their ONLY home.


You want to call Obama an elitist, Johnny? Bring it.

[tridim]

1. So does that loft they bought count in the houses McElite owns?

If not, it should.

[Barack_America]

3. Yes, it does. And I should add, this is not about the kids, this is about the PARENTS.

I'm not criticizing McCain's daughter here.

[VADem11]

2. Wow

McCain paid $700.000 in cash? We need to hammer this story hard.

[Barack_America]

8. Yep. Cash. The Obama's took out a mortgage on their $1 million FAMILY home...

The ONLY home they own, I might add.

[JaneQPublic]

4. Yeah, but...

...the Obama girls also get a puppy when the campaign is over!

[Enrique]

5. McCain is a one-man real estate bubble

[TwilightGardener]

6. Wouldn't want to just, you know, help the kid with the downpayment on a house

or something. She might have to live modestly, on her own post-grad income then, and that's just unacceptable. What sort of lesson would that teach little Meghan?

[Barack_America]

7. Living in only one house, valued at less than a million, IS slumming for the McCains. nt

[alcibiades_mystery]

11. Let's see

Even with a 20% down payment and all costs, the daughter would be in the can for, well, $560,000. Figure a reasonable 30 year and work out the monthly payments. Now now. Don't forget taxes and maintenance fees!

What new college graduate can afford that? Answer: almost none.

This guy's going around calling Obama an elitist? Ridiculous.

[Barack_America]

9. Edited the title so that it didn't seem I was attacking the children. nt

[Barack_America]

10. Kicking for the evening folks. nt

[democrattotheend]

12. I graduated from college last year too

I sure wish my parents had the money to buy me a condo. I'd settle for them having the money to buy me the laptop they want to buy me as a belated graduation gift.