Gwilson,
Look carefully at the S .It says OSAMA.
I don't know what else will convince you but here's one more picture;
Shy of this picture all that I can tell you is that things made by this company are extremely rare. To give you an idea a search of Google for "Obama Prazision" only turns up 145 which shrinks to 19 hits when it removes identical links. I can also tell you if you search "Osama Prazision" Google comes up with 0 hits.
The only other legitimate discussion on the history of this company I have found online that I can point you to, is this discussion of "Obama Prazision" at the National Organization of Watch and Clock Collectors Board
"OBAMA PRAZISION" jacot lathe. - National Association of Watch and Clock Collectors Message Board where everyone there too they talk of this as OBAMA not OSAMA. I really would like to know the history of this tool, I had assumed judging by the older ones I have seen that it would have been late 1800's but the discussion on NOWCC seems to say around 1960's.
The only one thing I wish I had done while buying it was had I known I would have done a better job searching the box it was located in to see if I could find the missing "broschen" that may have fallen out. It looks like I am missing 2 Broschen, the ones I have are as follows.
The First one is numbered (4,5,6,7,8,9,10,11,12,13) on one end and (14,15,16,17,18,19,20,22,24,26) on the other
The Second is (14,17,20,23,26,29,32,35)
Does anyone know what these numbers would represent?
Greg for the record can we now correct the thread title on this to remove OSAMA? Do we all agree this is OBAMA?
As for the jokes, I have spent years searching high and low for tools of all sort, learning how to use them, and the history behind them. At this point I have outfitted my toolbox with most of what I need for what I want to do and today I tend to be most interested in the unique, stuff or things I haven't seen before. When I found this one it just seemed to unique not to have a bit of fun with and I would be willing to bet that now because of my find several hundred people not only know what a Jacot lathe, is but also enjoyed a good laugh, hopefully regardless of political point of view. After all the printing of political jokes, cartoons etc.. at the expense of politicians in this country is a tradition that most certainly predates even the oldest tools in my collection!
None the less I do respect your opinion and appreciate all the work you and others have done moderating these forums over the years to keep them of outstanding quality. I have learned and continue to learn so much from everyone on this site especially in the Antiques section so I apologize if my sense of humor crossed the line on this one and will respect the decision to remove this from here.
Adam