Monday, July 28, 2014

Obama Administration Corruption Will Make You Scream

Here's a juicy snippet from the linked article. Read the rest when you click the link...see how your money helps Barack Obama...ENJOY:
 
Crony Capitalism at its Finest
 
Take, for example, David Grain. According to Federal Election Commission reports, Grain gave $60,000 to Obama’s campaign and the DNC in 2008; and he gave $22,500 in 2012.
Grain has also been a lucrative fundraising partner for Obama. In 2008, Grain helped raise an additional $200,000 to $500,000 for Obama, according to a report in Bloomberg News.
 
And now, money is set to flow the other direction…
You see, Grain owns a private equity firm called Grain Management, LLC. that failed to qualify under existing rules as a small business for an upcoming Federal Communications Commission (FCC) airwave license auction.
 
Luckily for Grain, the FCC suspended the rules in a closed-door, party-line vote; and the Head of the FCC, Democrat Tom Wheeler, took the lead on a waiver to the action rules.
Republicans objected fiercely, but the final vote was 3 to 2. That means that when the auction is held, Grain Management will be designated as a small, struggling business by the FCC, in spite of its size. This will allow Grain to get exclusive discounts not otherwise available to major telecom firms.
 
The worst part is that Grain’s firm isn’t even a telecom company. Instead, it’s a private equity and financial firm that has no real interest in the airwaves other than flipping them for a massive profit.
 
Essentially, Grain’s Obama connection helped him manipulate the system and facilitate a lucrative arbitrage deal.