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.
X. 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.
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.
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."
As Vistria's education investment portfolio bulged, a number of Obama Education Department officials, including Secretary of Education Arne Duncan, ended up taking high-level jobs with Vistria.
https://www.investors.com/politics/editorials/think-obama-administration-wasnt-corrupt-think-again/
"We're probably the first administration in modern history that hasn't had a major scandal in the White House," Obama himself said.
X. 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.
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.
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."
As Vistria's education investment portfolio bulged, a number of Obama Education Department officials, including Secretary of Education Arne Duncan, ended up taking high-level jobs with Vistria.
https://www.investors.com/politics/editorials/think-obama-administration-wasnt-corrupt-think-again/
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