Obama Scandal: Former President Obama and his political supporters have repeatedly stated that his administration was scandal-free, unlike administrations before and after. “We’re probably the first administration in modern history that hasn’t had a major scandal in the White House,” Obama himself said. A new book puts the lie to that statement.
Never mind that the left-leaning big media basically ignored major scandals during the Obama years, ranging from the IRS targeting scandal and the VA’s deadly waiting lists for veterans to Hillary Clinton’s illegal use of an unsecured, hackable home-brew server for her official duties as secretary of state and the Fast and Furious gunwalking program.
These and others were epic scandals that the media simply ignored or downplayed.
The media have contrasted Obama’s supposed honesty and forthrightness with President Trump’s supposed venality and political unscrupulousness, as embodied in the year-and-a-half long Russia-Trump scandal investigation that shows few signs of letting up.
But now comes Peter Schweizer’s new book, “Secret Empires: How Our Politicians Hide Corruption and Enrich Their Families and Friends,” which shows that the Obama administration and its cronies were up to their necks in questionable business deals and may even have intentionally distorted public policy to accommodate their own profit-making.
The book claims “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,” wrote Katelyn Caralle of the Washington Examiner.
Schweizer’s book, based on extensive research, says that Obama acted to regulate certain industries in such a way that the regulations lowered the value of some of the companies, wrote Katelyn Caralle of the Washington Examiner. These actions let two family friends to profit handsomely on deals through their own investment firm.
Here’s how it worked: Obama buddies Marty Nesbitt and Harreld Kirkpatrick III formed a private equity investment firm called Vistria, right around the time Obama was re-elected in 2012.
Nothing wrong with that, except, as Schweizer notes in his book, “A curious pattern began to emerge. 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.”
Read the rest at: ObamaCorruption