Obama after Steve Jobs gave him private iPhone ‘sneak peek’ in 2007: ‘If it were legal, I would buy a boatload of Apple stock’

Presidential campaign strategist David Axelrod has a 488-page memoir, “Believer: My 40 Years in Politics,” which is due out Feb. 10 from Penguin Press.

An advance copy was obtained by the New York Daily News and an excerpt includes:

In 2007, Obama got a sneak peek at the iPhone during a private meeting with Apple’s Steve Jobs. “If it were legal, I would buy a boatload of Apple stock. This thing is going to be really big,” Obama said after the meeting.

Steve Jobs publicly unveiled the iPhone on January 9, 2007. It went on sale on June 29, 2007. Assuming that Jobs showed iPhone off to Obama sometime between those two dates, not prior to the Jan. 9th public reveal, AAPL prices ranged from $11.22 to $16.70, or an average of $13.96. 10,000 shares of AAPL purchased for $139,600 are worth $1.2 million today.

Read more in the full article here.

65 Comments

  1. You nailed it. Legalities don’t stop Obama.
    He can just unconstitutionally rewrite the laws as he wishes.
    Don’t like the Obamacare mandates as written by law?
    No problem. He will delay them for you until he gets out of office.

    1. The constitution gives the president a fair amount of power to make executive decisions. It is not unconstitutional for the president to use that power. It seems you simply don’t like the way the president has chosen to use his power, that is not the same and being unconstitutional. Extreme hyperbole like that only weakens your argument.

      For another example of a president using his executive order power, see the emancipation proclamation by president Lincoln.

      You’ll need to site the instance in which the president used his power in a method that is unconstitutional. If that had happened however, there is a good chance the president would have been impeached.

        1. A spelling mistake is not the same thing as being illiterate. Either that is hyperbole and you have already lost the debate or you honestly don’t know the meaning of illiterate.

          1. Mistaking a spelling error for a lack of education is your mistake, not mine. the best writers in the world often make spelling errors or grammatical errors. Thats why they have editors.

          2. ““the best writers in the world…”

            well, you’re not among them.”

            Undoubtedly true. Hence was my point that equating a spelling mistake, something even the best writers (of which I am not) are guilty of, to a lack of education or even illiteracy was invalid.

  2. If his meeting and seeing the iPhone was before January 9th (highly unlikely, even before he was even a candidate for the democratic nomination) and he would have acted, that would be insider trading. However, once the iPhone was unveiled there was enough public information that any purchase of stock at that point would have been fine. Sounds more like a “I wish I had done that but lets make an excuse why I didn’t that still makes me look smart”. Like a lot of the other stuff that will be in the book (and this is true about all books like this), a little truth sprinkled in with a lot of other stuff to hopefully make it interesting and try to make someone look good and others not so good.

  3. Who’s to say Obama didn’t?!? What would be a good pseudo name that Obama would give to himself and create a separate identity?… “man who can’t say Islamic Terrorist”? I don’t know, but how does that translate into “Dances with Wolves” Sioux?

  4. You obnoxious snort!

    do you snort all day long? 24/7

    Pardon me….you do take a break once in a blue moon.

    I do see you on rare occasions with some bright thoughts!

    1. Third time was a charm….

      It didn’t even go through your outer layer of your skull

      Some one need to make it go through your thick skull

      May be your rotten brain gets some fresh air!

Reader Feedback

This site uses Akismet to reduce spam. Learn how your comment data is processed.