[ April 23, 2024 ]
Author Peter Schweizer told Fox Business Network’s Lou Dobbs this week that the media have been so hypocritically focused on taking down President Donald Trump they’ve “forgotten” — conveniently, that is — the fact that Barack Obama used his high office to help out his friends any which way he could.
One of them, Marty Nesbitt, is now the chair of the Obama Foundation:
Obama’s particular choice of aid was regulation, Schweizer said.
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He purposely used the rule of federal law to make sure his friends earned big bucks.
Breitbart has the story:
On Tuesday’s broadcast of the Fox Business Network’s “Lou Dobbs Tonight,” Breitbart Senior Editor-at-Large and author of “Secret Empires: How the American Political Class Hides Corruption and Enriches Family and Friends” Peter Schweizer discussed how regulations during the Obama administration helped the president’s friends.
Schweizer said, “Barack Obama’s best friend, a guy named Marty Nesbitt…sets up a private equity fund while his friend is the regulator-in-chief, and what he does is he invests in what he calls ‘highly-regulated industries.’ … And so, to give you one brief example, the University of Phoenix, the for-profit school, Barack Obama’s administration says, ‘We think this school is bad. We’re going to suspend the Pentagon from using GI Bill money for soldiers to go to school there.’ Well, of course, the stock price goes from $100 a share to about $3 a share. Guess who steps in to buy it? Barack Obama’s best friend Marty Nesbitt and his company Vistria investors. They come in. They buy it for pennies on the dollar. And then lo and behold, the Obama administration says ‘You know what, we think we’re going to let GI money flow again back to the University of Phoenix.’ And that pattern is repeated over and over again in other sectors of the economy. It was rampant.”
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12 Comments
6 years ago
Obongo tried to mess with copper prices by pilfering all the wire and plumbing out of the White House too
http://uglyhousephotos.com/wordpress/wp-content/uploads/2008/11/081115d.jpg
6 years ago
What is the point of being an important black muslim if you can’t make money off it?
6 years ago
Under him / Dems America was for sale.
Dems supported Iran nuke deal after getting paid by Iranian lobbyists https://tinyurl.com/mcake4d
Not one MSM covered it and nobody bats an eye . They sold out American/israeli interest for few 10,000’s dollars.
6 years ago
I’m sure he was thinking of the best interests of the American people when he was taking money from them, right?
6 years ago
Because our military readiness is stretched so thin, literally potentially days from disaster, after eight years of obama treason policy of weakening our country while aiding & abetting our worst enemy, Iran, Trump, as a sober American Commander-in-Chief, was left without any other option by the deep state, globalist, Islamist, communist, treasonous majority Dimm-RINO Congress but to sign this atrocious omnibus pork budget bill.
Thankfully, though, the big boost in military spending is destined to be unloaded on Iran. Hopefully while obama, jarrett, rice, brennan, hakim jeffries and the rest of the islamic scum squatting in America are visiting there on vacation.
6 years ago
Reply to
Chris Wolf
I understand….I wasn’t happy he signed that either…..but, We have been warned and warned for quite some time how depleted our military and their equipment is…thanks to the NWO Bushs, Clintons, and the Muslim Marxist Obama….
…I have military family (high ranking) and they are saying it is worse than we are being told….WE HAVE TO REBUILD OUR DEFENSES….NOW!
Perhaps if Trump would have vetoed it he didn’t see a way to get it down the road in new negotiations for what the military needs to protect us…..
I’m going to have to trust President Trump that he knows more than I do about what is going on in the Deep State…..
We all need to be focusing our Anger and Disgust on the real culprits…..the RINOs Lyin’ Paula Ryan and McFool McConnell…..they did this to us and the President….we expect it from the Dimms….but not our own party.
PLEASE, PLEASE, PLEASE, people of Kentucky and Wisconsin……get rid of these traitorous wanks! Look at how wealthy they have become by being in Congress…while we have suffered under so much Globalism that they supported and continue to support. Pray for President Trump….he will need every pray we can send his way.
6 years ago
There be laws against manipulating the stock market , why isn’t Obama rotting in prison ?
Validate your 2nd Amendment Rights… Carry !
6 years ago
In his “Memoirs”, Cordell Hull, former Secretary of State the first eleven years of FDR’s time in office, states that “regulations” are nothing more than new legislation written as a device for circumventing the usual constitutional legislative process. Case in point.
6 years ago
The Obamination strikes again, he got elected on so many (false) promises and to a large extent because he was the right political shade for the libs and left, and then was as dirty as dish water
D
6 years ago
In the words of the famous former mayor of Chicago: “What kind of father would I be if I didn’t take care of my family”. (after granting city contracts to his family members)
In this case, Obama included his friends.
D
6 years ago
Hussein. Worst. President. EVER !!!
