Barack and Michelle Obama living like a king and queen

President Barack Obama and his glamorous wife Michelle are living a life of luxury at the taxpayers’ expense, according to a bombshell new report. American tabloid the National Enquirer says Barack has spent a fortune on parties, vacations and expensive designer clothes.

“It’s outrageous Obama and his family are spending money like water when the rest of America is frantically tightening their belts in a desperate bid not to drown in their financial woes,” said one political insider.

“How can he pull this kind of stunt during what amounts to a modern day depression?

“Obama and his wife are acting like greedy, self-serving politicians, living like a king and queen on our dime. They should be sharing our misery, not spending money like it’s going out of style.

“The Obamas seem to be totally out of touch with the American people. It’s a scandal!”

Recent reports claimed Michelle blew $500k on a European “vacation” to get Barack back for inviting Oprah Winfrey to his Chicago birthday bash.

“With the American economy in shambles, Michelle took off on a lavish holiday all because she was angry that Barack had invited Oprah to his private 49th birthday party,” a source said at the time.

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