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Obama Was Early Investor In LightSquared, Refused To Establish Blind Trust
patdollard.com ^ | 9/19/2011 | Ed Morrissey Hot Air:

Posted on 09/19/2011 4:51:47 PM PDT by blueyon

Earlier this week, Eli Lake reported that the four-star Air Force general in charge of US Space Command told a Congressional panel that the White House pressured him to change his testimony to favor a company that shelled out donations for Democrats. LightSquared wants to press forward on a project that the military fears will create serious interference with GPS systems, and General William Shelton was going to address those concerns with Congress before the White House tried to push him into saying a few nice words on behalf of their sponsor. A reminder:

The four-star Air Force general who oversees U.S. Space Command walked into a highly secured room on Capitol Hill a week ago to give a classified briefing to lawmakers and staff, and dropped a surprise. Pressed by members, Gen. William Shelton said the White House tried to pressure him to change his testimony to make it more favorable to a company tied to a large Democratic donor.

According to officials familiar with the situation, Shelton’s prepared testimony was leaked in advance to the company. And the White House asked the general to alter the testimony to add two points: that the general supported the White House policy to add more broadband for commercial use; and that the Pentagon would try to resolve the questions around LightSquared with testing in just 90 days. Shelton chafed at the intervention, which seemed to soften the Pentagon’s position and might be viewed as helping the company as it tries to get the project launched, the officials said.

As it turns out, LightSquared is more than just a Democratic donor. The Lonely Conservative points us to a July 2011 article at The Huffington Post, in which it seems that Barack Obama himself has a personal interest in LightSquared:

(Excerpt) Read more at patdollard.com ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: agenda; alyingwhat; anything4abuck; badpresident; barackclouds4america; blindtrust; campaignmoneyscam; cantaffordgasoline; corruption; dangertojetliners; fraud; govtabuse; insidertrading; justbuyanewhybrid; launderingcampaign; lightsquared; motherunmarried; obama; obamalies; pay2play; putittogether; screwsupgps; stimulas; threattomilitarygps; timetoimpeach; trustme; trustmekdaffy; youcantrustme
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Oh the smart "One' ain't so smart after all
1 posted on 09/19/2011 4:51:57 PM PDT by blueyon
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To: blueyon

So, when will impeachment begin? How many more crimes and misdemeanors do we all have to suffer through?


2 posted on 09/19/2011 4:54:13 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
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To: blueyon

Greedy SOB. Insider trading, pay to play, suborning perjury, witness tampering. Maybe this extra stress will exacerbate his drinking problem and lead to a nervous breakdown.


3 posted on 09/19/2011 5:14:06 PM PDT by grumpygresh (Democrats delenda est)
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To: SERKIT
Short of getting caught by Rush Limbaugh with a smoking gun over a dead body, Obama has no impeachment fears.

Pity. A President instead of a tyrant would be worried.

4 posted on 09/19/2011 5:16:15 PM PDT by Jacquerie
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To: blueyon

This is the biggest scandal yet, IMO. At your link, there are WaPo articles and a HuffPo article that validate these claims. The irony is that those articles were written to show how “transparent” Barry was being. Turns out he may have profited massively from his own grants to LightSquared.

This is a big effing deal, says VP Biden.


5 posted on 09/19/2011 5:17:01 PM PDT by Carling (Sarah Palin Supported TARP Before She Was Against It)
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To: blueyon
Why do you make bombastic speeches like the one Obama gave today? To divert press coverage from stuff like this. $$$ for himself over National security. And this from the same guy spouting off over defending the Constitution today.

Where are you John Boehner?

6 posted on 09/19/2011 5:22:48 PM PDT by arkady_renko
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To: blueyon

Throw the F’r in JAIL!

Scumbag doesn’t even care what America thinks, he’s just going to do whatever the hell benefits him most.


7 posted on 09/19/2011 5:23:13 PM PDT by R0CK3T
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To: Jacquerie
Even under your circumstances, the POS POTUS would have an untold army of sycophants willing to lie through their teeth to protect his imperial majesty.

Impeachment? Maybe in a wet dream but not in this lifetime. The Dims would bluster and the Republicans would cower like the scared little children they are.

8 posted on 09/19/2011 5:29:15 PM PDT by cashless (Unlike Obama and his supporters, I'd rather be a TEA BAGGER than a TEA BAGGEE.)
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To: bronxville

ping


9 posted on 09/19/2011 5:31:39 PM PDT by randita (Obama - chains you can bereave in.)
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To: Jacquerie

I forgot to turn off the /rhetorical command in HTML, sorry.


10 posted on 09/19/2011 5:33:23 PM PDT by SERKIT ("Blazing Saddles" explains it all......)
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To: Carling

I was watching Fox News All-Stars and was interested to see that Kirsten Powers...an Obama/Democrat groupie...highlighted Lightsquared as the worst of the scandals even though it hasn’t gotten much coverage. My guess is that she knows some stuff that is going to hit.


11 posted on 09/19/2011 5:36:07 PM PDT by t2buckeye
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To: Carling

I was watching Fox News All-Stars and was interested to see that Kirsten Powers...an Obama/Democrat groupie...highlighted Lightsquared as the worst of the scandals even though it hasn’t gotten much coverage. My guess is that she knows some stuff that is going to hit.


12 posted on 09/19/2011 5:36:14 PM PDT by t2buckeye
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To: SERKIT

“How many more crimes and misdemeanors do we all have to suffer through?”

All of them... his skin color makes him immune.

LLS


13 posted on 09/19/2011 5:37:32 PM PDT by LibLieSlayer (Is the person that you support a Crony Capitalist... A.K.A. CRAPITALIST?)
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To: blueyon

The messiah doesn’t have to obey ANY rules or laws.


14 posted on 09/19/2011 5:42:30 PM PDT by Ann Archy ( ABORTION...the HUMAN Sacrifice to the god of Convenience.)
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To: LibLieSlayer
Exactly, the dream is dead. Hello the new American nightmare ushered in by the compassion fascists!
15 posted on 09/19/2011 5:45:22 PM PDT by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: LibLieSlayer
Exactly, the dream is dead. Hello the new American nightmare ushered in by the compassion fascists!
16 posted on 09/19/2011 5:45:30 PM PDT by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: LibLieSlayer
Exactly, the dream is dead. Hello the new American nightmare ushered in by the compassion fascists!
17 posted on 09/19/2011 5:45:38 PM PDT by smaug6 (We can't afford to be innocent!! Stand up and face the enemy.)
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To: randita

Thanks randita. This is HUGE. Where the heck is the media...no answer required.


18 posted on 09/19/2011 5:46:50 PM PDT by bronxville (Sarah will be the first American female president.)
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To: Jacquerie

Bush did set up a blind trust, of course, and even so the press was always poring over his finances, looking for any scrap they could get. And here’s Obama, blatantly profiting from his office, and the press merely looks away politely.


19 posted on 09/19/2011 5:47:17 PM PDT by livius
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To: blueyon; bronxville

Some further information:

Donald Gips

http://www.npr.org/blogs/itsallpolitics/2011/06/15/137200601/report-obamas-big-money-raisers-get-key-posts-access-contracts

From link above: Some Obama bundlers have ties to companies that stand to gain financially from the president’s policy agenda, particularly in clean energy and telecommunications, and some already have done so. Level 3 Communications, for instance, snared $13.8 million in stimulus money. At least 18 other bundlers have ties to businesses poised to profit from government spending to promote clean energy, telecommunications and other key administration priorities.

Public Citizen in 2008 found that George W. Bush had appointed about 200 bundlers to administration posts over his eight years in office. That is roughly the same number Obama has appointed in little more than two years, the iWatch News analysis showed.

http://www.upi.com/Top_News/US/2011/06/15/Obama-donors-get-plum-jobs-contracts/UPI-37091308175322/

From link above: One of Obama’s top “bundlers,” Colorado telecom executive Donald Gips, delivered more than $500,000 from himself and others, and two colleagues reaped at least $150,000 more.
Gips was put in charge of hiring in the White House, placing supporters and fundraisers in many posts.
A few months later, Obama named him ambassador to South Africa, and his firm, Level 3 Communications, got millions of dollars of stimulus contracts for broadband projects.

George W. Haywood

http://www.nytimes.com/2007/03/07/us/politics/07cnd-obama.html


20 posted on 09/19/2011 5:47:17 PM PDT by randita (Obama - chains you can bereave in.)
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