Mittwoch, Januar 27, 2010

The Fix Was In...

Read this to understand the driving force behind the Obama Presidency and the current state of the Democratic Party.

A building was sold in Chicago for $7.7mn despite there being a credible bid for $9mn. The seller? The City of Chicago, which decided to forgo $1.3mn in revenue from the sale. The buyer was/is a big contributor to the Obama Campaign and the person in charge of selling city properties is ... the treasurer of the Obama Victory Fund.

The buyers "invested" $50k in "campaign donations" and saved $1.3mn in purchasing costs. That's a ... 26:1 return on equity.

The losers? The citizens of Chicago, who lost $1.3mn.

Corruption by any other name...

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