Obama says it's time to supplement your allowance..

[one_voice]

Obama Says Malia and Sasha May Be Looking for Babysitting Jobs

President Obama says daughters Malia and Sasha may be looking for babysitting jobs to supplement their allowances.

He made the remark during an interview with ABC News about the consumer benefits in the financial overhaul bill he signed on Thursday. In the interview, broadcast on Friday, the president was asked what he and wife Michelle are teaching their daughters, who are 12 and 9, about money.

"You know, it's a great question. What I'm doing now . . . is they're getting an allowance. They're starting to get old enough where they may be able earn some money babysitting. They've got their own savings accounts," Obama said, adding, "What I'm trying to explain to them are basic concepts about savings, about interest. If they keep a hundred dollars in their bank account at 2 or 3 percent interest for six months, this is how much money they're going to have at the end of it."

(It's rare to find regular savings accounts these days that pay 2 or 3 percent.)

Obama became a multimillionaire by writing two best-selling books. Before that, he has often said, he and Michelle found it hard to pay off their college loans, credit cards and save for their future.

The president was asked if his own retirement fund has taken a hit -- if he could feel "the pain directly that other Americans are feeling."

*snip*

http://www.politicsdaily.com/2010/07/23/obama-says-malia-and-sasha-may-be-looking-for-babysitting-jobs/

When I was growing up, I babysat, cleaned houses etc to make money till I could get a "real" job. Even then I still cleaned houses for extra money. All my brothers cut grass, shoveled snow, anything to make a buck. I think you learn about responsibility doing that. Not too mention if you have to spend your own money on things, you tend to take better care of them.

I wonder how the secret service would figure in to their babysitting though? I would think it would be difficult for kids of a president to work, with security and all.

[Liberal_in_LA]

1. Is it practical for the Prez's daughters to babysit? WOuldn't secret service have to be

there too?

[dtexdem]

2. Well, it could be very-selective baby sitting; and I can name a few who need it:

Michelle Bachman
Sarah Palin
Joe (you lied) Wilson
and so on.

And I don't mean that any kids they have need baby sitting. ;-)

[Liberal_in_LA]

8. lol n/t

[teenagebambam]

4. I guess I'd feel okay going out for the evening

if I knew the Secret Service would be surrounding the house.

[Liberal_in_LA]

7. lol. good point

[sufrommich]

10. God, no kidding. nt

[notadmblnd]

3. 12 and 9 is too young to babysit

[teenagebambam]

5. 12?

I started babysitting at 12 - of course that was the "old days"

[SammyWinstonJack]

6. ...

:eyes:

[Missy Vixen]

9. The kids in question would have to be brought to the White House for the evening

I can't imagine that it would even be possible for the daughters of a sitting President to even visit a friend's home after school without a massive amount of advance planning.

Maybe they could set up a lemonade stand!