Guess who is making out like a bandit on Obamaphones?

American Thinker ^ | 04/26/2013 | Thomas Lifson

[SeekAndFind]

Well, well, well, roughly a quarter of the 2.2 billion dollars being spent on Obamaphones, has gone to a company owned by Carlos Slim. Todd Shields of Bloomberg reports:

Slim's TracFone Wireless Inc. received about a quarter of the funds from the U.S. government's Lifeline program, according to the latest figures. Today, a House subcommitteeasked why the program, paid for by fees charged to U.S. phone subscribers, tripled in cost since 2008.

How many other markets have grown 300% in the years since the crash?

Slim is often called the richest man in the world, and owns the cell phone monopoly in Mexico, where consumers pay far more than they do in America. Slim also provided some critical financing (a loan at 14%) to keep the New York Times from financial distress and became the third largest shareholder in the company in 2008, and raising his investment in 2011, to over 7% of the equity.

A quarter of 2.2 billion works out to 550 million, which puts the annual gift to Slim in the Solyndra/Fisker ballpark. Every year, at the current pace.

[JohnPDuncan]

Welfare for the wealthy.

[AuntB]

We will probably never know how many of our politicians Carlos Slim owns.

[Wurlitzer]

Wonder what would happen if EVERY conservative cell phone subscriber would withhold the portion of their monthly bill which gives this unearned benefit to others?

This is theft pure and simple. Not only theft but theft under penalty of the force of our own government.

I have had it. No more money to anyone unless they are disabled. PERIOD. No matter how much is stolen from us by government forced theft, these scum of the earth will never be satisfied.

[Hotlanta Mike]

Los Banditos...

[X-spurt]

Undoubtedly we know one.

[MrB]

And his donations to the Obama campaign total what?

[Abby4116]

Wonder where the remaining 75%+ is going.

[wita]

...but the Koch brothers are the pinnacle of evil?

[EDINVA]

What would happen in actuality is that everyone who withheld that part of their invoice would eventually have their service cut off by the provider, no matter how many participated. (and you don’t really think you could ever get EVERY conservative to do anything, do you? You’d be lucky to find EVERY conservative agreeing that today in the U.S. is Friday.)

[AEMILIUS PAULUS]

A rich Mexican bribing and taking control of media for propaganda purposes. How long until the ongoing Latin American conquest is consolidated? The only hope we have left is that blacks and Mexicans get into a knock down drag out fight to see who gets what is left of American wealth.

[Jane Long]

From the US taxpayers wallet to Mexico -> 0Phones, EBT cards for Mexican citizens, etc., etc.

Thanks, 0bama!

[Wurlitzer]

“You’d be lucky to find EVERY conservative agreeing that today in the U.S. is Friday.”

---

Yeah, your right, I cannot even get them to agree to keep their kids/grandkids out of public schools even though they all admit that is the source of all this liberal BS.

They continue to fund a system which is working 24/7 against them.

I bet many still subscribe to their local liberal newspaper even though it would make Pravda blush

Defund those who are working against the country as envisioned by the Founders.

[Amendment10]

Military issues aside, there is no clause in Congress’s Section 8, Article I-limited powers which Congress can use to justify laying taxes to fund programs to buy phones for citizens.