Ok, I retract that post.
I conflated Solyndra with LightSquared. His trust did invest in LightSquared.
As a Senator, his investment trust did purchase a drug manufacturer (AVI) with an anti-viral and Sen. Obama voted in support of legislation that benefited them, during the bird flue scare. Either that instance or a separate one whose details I don’t recall, lost money, which has been spun to exonerate him.
So, I don’t know that he invested in Solyndra or that he made a profit. But, there is past similar action on the part of his investment managers.
No excuses, but it is late and I am not only tired, I am furious with so much that I posted before checking.
Carry on.
Honestly, this guy has done SO MUCH that is illegal, unethical, lied, broke “promise” after “promise” .....the man’s word is meaningless so it wouldn’t have surprised me if he had done the Solyndra thing...and the media would cover up for him.
We’re frogs in the boiling water...we’ve almost gotten used to the horrific things he has wrought. People either don’t know, or they make excuses for him, or they just say oh, they all do it. The sheer volume of his crimes have brought his best cover - apathy.
He may not have made a direct personal profit into his bank account. But, think about it. Obama is set up for life as a speech maker even if he loses in 2012. His wealth comes from holding office as president.
His profit comes from the donors who benefited from the government guaranteed loan that covered losses without hurting the private investors (Obama’s buddies).
Obama received campaign donations to maintain power. Not much different.