Obama spent his presidency demonizing wealthy people and Wall Street. He once famously declared that at some point you’ve made enough money. Yet according to a new book, Obama used the power of the presidency to enrich some of his friends.
The Washington Examiner reports:
Obama used executive powers to benefit close friends’ private investment firms: Book
President Obama used his executive powers to attack industries to lower the value of certain companies, allowing his friends in the private sector to swoop in and buy them up at reduced prices, according to Peter Schweizer’s new book Secret Empires: How Our Politicians Hide Corruption and Enrich Their Families and Friends.
The book, released Tuesday, said Obama and his administration would deem industries either destructive to the environment or exploitative for the financial and professional gain of his friends, including industries such as coal mining, offshore drilling, cash advance companies, and for-profit colleges.
The book highlighted Marty Nesbitt and Harreld Kirkpatrick III, both former basketball players and close friends of the Obamas, who launched their private equity investment firm Vistria in sync with Obama’s re-election in 2012…
“A curious pattern began to emerge,” Schweizer said in his book. “Obama and his administration would attack industries with government power, which led to substantially lower valuations for these companies. Nesbitt and Vistria, or others close to Obama, could then acquire those assets for pennies on the dollar.”
Do you think CNN or MSNBC will have the author of the book on their shows to discuss this? They certainly can’t get enough of authors of scandalous books about Trump.
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