Too Big To Fail: Monument To Obama’s Ego Slowly Imploding, Bailout On The Horizon

The Barack Obama ego monument does not seem too hot.

To start, the construction of the ugly presidential library and the giant museum campus, which uprooted 19 acres in southern Chicago, has been carefully slow since its revolution in 2021. The rent and the prices of houses in the region had increased since the initial announcement of the project in 2015, moving the poor residents, many of which were black. (Subscribe to Mr. Right, a free weekly newsletter on modern masculinity)

Barack and Michelle Obama attended the revolutionary ceremony of the Obama presidential center in Chicago. Construction of the presidential library began last month after five years of legal battles, gender problems and a federal examination. pic.twitter.com/c5arkhovzt

– The Associated Press (@AP) September 28, 2021

The cost of the project, managed by the Obama Foundation, has also soared an initial estimate of $ 300 million to at least $ 850 million. In 2017, the estimated budget recorded $ 500 million when the design was revealed. He then increased to $ 700 million in 2021, due to construction costs alone.

In order to protect Chicago’s taxpayers from a rescue plan, the Obama Foundation has entered into an agreement with the city that has mandated the creation of an endowment. He would act as a financial reserve designed to arouse enough year to finance operations without exhausting the principal and leaving the taxpayers to hook. During the deliberations of the municipal council, the foundation settled on a figure of $ 470 million around 2020.

I asked the residents of Chicago what the new presidential library of Obama looks like.

Answer number one: “a prison”

Other answers:

– garbage can
– a rock
– marble block
– Tardis
– Mountain
– ATC tour
– mausoleum
– a prison

Totally humiliating.
What do you think it looks like? pic.twitter.com/mt5kzsex09

– Benny Johnson (@bennyjohnson) August 20, 2025

The 2021 documents said that the library’s first -year operating costs were to reach up to $ 40 million, according to Fox News. The estimate suggests that an endowment between 800 million to $ 1 billion would be necessary to keep the operations afloat without drawing from the taxpayer portfolio. And, of course, there is still uncertainty about how the foundation will continue to finance the library in years, and if they will maintain the annual income figures.

The opening of the Obama presidential library has been delayed until next spring. Shucks, I’m going to have to wait until then not to go. Really, it seems that it belongs to East Berlin in the 1970s. pic.twitter.com/lprrlatm1q

– Jeremy Wayne Tate (@ Jeremytate41) August 27, 2025

Thus, costs increase. Apart from the rich democratic donors and billionaires, future sources of income are at the best. But the good news is that there is a safety net, right?

Fake. Here is the friction. The endowment of $ 470 million The Obama Foundation was supposed to finance to protect taxpayers? So far, they have only been deposited $ 1 millionor about 0.2% of what they promised. (Related: the humiliation ritual of Barack Obama continues to worsen)

And this deposit was made in 2021. Since then … nothing.

Nothing for the taxpayer, at least. The Obama Foundation sent donations totaling $ 2 million to the left TIDES Foundation in 2022 and 2023. They also offered the Obama Ally Valerie Jarrett for a long time, a Sweet Sinecure salary worth almost $ 800,000 per year.

But the Obama Foundation promised that the library will open in the spring of 2026. They promised that it was entirely funded. And yet, something tells me that these promises are more empty than “if you like your health care plan, you can keep it.”