LightSquared: The next Obama pay-for-play morass?
When it rains, it pours. And there ain’t a big enough umbrella for all President Obama’s cronies and fixers to crowd under these days.
While the Solyndra BGB (big green boondoggle) continues to blow up on Capitol Hill, the White House faces another pay-for-play backlash — this time from his own left flank.
The liberal Daily Beast reports on a broadband project backed by a frequent Obama White House visitor and donor that has Pentagon officials concerned over potential military GPS interference. The Obama FCC took the lead in intervening on the donor, billionaire hedge fund manager Philip Falcone’s, behalf and granting his company called “LightSquared” one of those coveted Obama waivers from existing law. Then Obama officials reportedly pressured a general to alter his testimony about the company’s impact on military satellite transmissions.
In a nutshell:
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.
The episode—confirmed by The Daily Beast in interviews with administration officials and the chairman of a congressional oversight committee—is the latest in a string of incidents that have given Republicans sudden fodder for questions about whether the Obama administration is politically interfering in routine government matters that affect donors or fundraisers. Already, the FBI and a House committee are investigating a federal loan guarantee to a now failed solar firm called Solyndra that is tied to a large Obama fundraiser.
Now the Pentagon has been raising concerns about a new wireless project by a satellite broadband company in Virginia called LightSquared, whose majority owner is an investment fund run by Democratic donor Philip Falcone. Gen. Shelton was originally scheduled to testify Aug. 3 to a House committee that the project would interfere with the military’s sensitive Global Positioning Satellite capabilities, which control automated driving directions and missile targeting, among other things.
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.
Via Dan Isett, here’s a press release highlighting how Obama FCC chairman Julius Genachowski went to bat for LightSquared.
Genachowski is refusing to attend a House hearing today on how and why the FCC fast-tracked the matter. Most transparent administration ever:
Lawmakers such as Sen. Chuck Grassley (R-Iowa) have questioned the process that led to what is seen as a fast-tracking of the FCC’s initial approval of LightSquared to operate as a commercial wireless venture, even amid complaints of dangerous GPS interference.
FCC spokeswoman Tammy Sun said on Thursday that the agency intends to send its head of engineering and technology, Julie Knapp, to testify. She said it was a technical hearing, and Knapp was the appropriate agency representative.
FCC Chairman Julius Genachowski has been listed as a witness on the subcommittee’s Web site for days. Sun said it was a mistake.
“We received an invitation from the subcommittee for the chairman or his designee to testify,” she said.
But subcommittee chairman Mike Turner (R-OH) had met with Genachowski and had made it clear that he wanted the agency head to attend the hearing, according to spokesman Thomas Crosson.
“The FCC told us late yesterday that he would not be attending” Crosson said in an e-mail. “We had expected him to attend, and it was made clear as such.”
Genachowski’s appearance has been anticipated as fresh questions emerge about the agency’s role in LightSquared’s waiver approval last January to use non-satellite phones on their proposed network. The power of those phones would crowd out GPS signals, according to defense, aviation and oceanic federal officials.
A few more tidbits about Falcone:
Last year, a popular financial blog named him one of the worst hedge-fund managers of 2010. And to many of his remaining investors’ great ire, roughly half of the money he has left is invested in a highly controversial, extremely risky private company—meaning he can’t easily sell, and investors can’t get their money back for the time being. The company, which Falcone has named LightSquared, is attempting to build a multi-billion-dollar satellite-based network to supply nationwide 4G wireless broadband service, in competition with AT&T and Verizon Wireless. “It is literally pie-in-the-sky stuff,” a former Harbinger investor says. “Cue the ‘Mission Impossible’ theme,” wrote a trade publication. Others have called it Falcone’s “riskiest trade ever” or “the bet of his life.”
Add in very public defections by employees, a lawsuit from a former partner, Howard Kagan, at Harbinger, and another bitter lawsuit, brought by Nacco, a small-appliance and industrial firm, which lost a takeover battle to Harbinger, and you can see why Falcone is losing his faith in Ganesh.
And that was all before federal authorities—the Securities and Exchange Commission and the Justice Department—started looking into a $113 million loan that Falcone took from his funds in the fall of 2009 to pay his taxes. His investors didn’t find out about it until the spring of 2010, and at that point they couldn’t get their money out of his funds. According to Reuters, there are also ongoing investigations by the S.E.C. into possible short selling and market manipulation abuses by Harbinger. “He [Falcone] has a reputation for being stubborn, volatile, and aggressive, and now the word on the Street is that, well, maybe you can’t trust him, either,” says one hedge-fund investor. “He lives by his own set of rules,” says another. “Dangerous, hockey player, high-life guy.” A fund manager sums him up this way: “A roll-the-dice, put-everything-on-red kind of guy.”
Falcone may be caught in what an observer says is a “death spiral” for a hedge-fund manager, because as soon as investors can get their money, they will take it and run. Goldman Sachs reportedly plans to pull its $120 million from Falcone’s fund. “These businesses, all they are is client trust. The money can vanish overnight,” says a former Falcone investor. “Once you ding a guy’s reputation, and there’s the perception that he broke that trust, it is virtually impossible to get it back.”
The Obama pay-for-play word of the day: LightSquared.
Pass it on.
***
Flashback Tim Carney 3/11:
Falcone’s contributions are noteworthy. Within days of finalizing his SkyTerra purchase and meeting with White House technology officials, Falcone and his wife each cut a $30,400 check to the Democratic Senatorial Campaign Committee.
A lobbyist working for Falcone told me those checks were related to a fundraiser for Democratic female senators that Mrs. Falcone had begun planning months before with Sen. Debbie Stabenow, D-Mich. He said they had nothing to do with LightSquared’s regulatory matters.
LightSquared lobbyists say they’re not bending the satellite-spectrum rules, especially considering the company just launched a new satellite. They also point out that AT&T and Verizon originally got plenty of their spectrum for free.
AT&T and Verizon make a good case that LightSquared and the FCC are pulling a fast one. But that still leaves the Big Two – among the largest campaign contributors in the country – in the position of wanting to use regulation to crush smaller competitors and take away consumer choice.
It’s an ugly mix of lobbyists, campaign contributions, opaque bureaucracy, and politics. It’s what you get when government picks winners and losers.
***
Related: Sarah Palin takes on Obama’s Crony Capitalism on Steroids.
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Things that make you go hmmmm. Is there any connection to the effort to stop the AT&T merger with T-Mobile? It certainly would be a much bigger competitor for LightSquared to deal with.
Falcone and the Snowman anyone?
[Alex, a KGB agent, informs Christopher and Dalton that they are not patriots, but paid traitors]
Alex: The moment you accepted money, you became professionals. It’s just beginning.
Uh-oh. I am betting that the Dailybeast has been reported to Ataaaaaaack Waaaaatch for being a right wing tool.
The Culture of Corruption, Vol. 2. With this administration, corruption is a never ending series. So, Michelle, are you writing Vol. 2.
If Solyndra and this kind of criminality does not get Obama or his functionaries put in the slammer then our justice system is permanently wrecked. It’s really getting old….
A day without a bit of crooked work coming out of the bho’s wh, is a day without sunshine! The amount of money bho and team have given out to friends could probably do a great deal to help our debt! And bho just continues to give and give almost on a daily basis!
L
Obummer once again trying to pick and choose who succeeds and who fails based strictly on who does and doesn’t support him.
Wow! The scandals being discovered within this administration are leaking out Fast and Furious (Or should I say at the speed of LightSquared?)
There are three lists.
List 1: Gave to Obeyme’s campaign and will do so again.
List 2: Gave, but not much, and possibly will give again to the campaign.
List 3: Didn’t give, won’t give, hates Obeyme, and is run by a bunch of wacko conservatives.
Mission: Wreck all those on List 3, blame the GOP, and restrict all the resulting unemployed from drawing unemployment insurance.
Valeria Jarrett & Adolph Axelrod: Taken care of, sir.
With Solyndra getting top billing in the news now, it appears the press has started to smell blood in the water. This regime has bent or broken law after law, and maybe, just maybe, the msm is finally going to do its job to help end this cancer.
It’ll still take decades to undo the damage to America.
If they control the air waves (phones and satellites), they can control the information and who it gets dissiminated to. And what is passed along (and what is withheld).
Competition is sooooooooo last year.
Haha! Everyone Obama supports sucks.
Corruption..Cubed
I would like to know how this company managed to buy a low power Satellite frequency when their intended use was terrestrial.
The terrestrial frequencies are very expensive to buy, but apparently the FCC allowed this company to buy an inexpensive frequency (that is right next to the GPS frequencies) that was reserved for low power satellite transmissions (would not cause interference with GPS signals) for the express purpose of using it with terrestrial towers. Now ask yourself why the FCC would allow just this company to do so?
Why do Americans always let Democrats get away with breaking the law? All they have to do is claim they didn’t know better. Charles Rangel, the head of the committee that writes our tax laws, gets a slap on the wrist for evading taxes. All he had to do was claim he was ignorant of the laws he helped write.
Timothy Geithner, the only man “smart” enough to run the Treasury Department, gets a pass on not paying his taxes because he claims he didn’t know how to fill out the tax forms.
When it comes to their own behavior, they excuse themselves because of ignorance of the law. But isn’t it funny how they suddenly know how to tell right from wrong when they see a Republican doing the same things they do?
NOW can we appoint a special prosecutor?
If the MSM would give half this much attention to Fast and Furious, there would already be a special prosecutor.
Impeach this traitor.
The country is being turned into an open sewer.
Everyone get on the phones and burn up the House and Senate switchboards.
Obama makes Nixon look innocent. There’s a report out that Obama invested in this company before its name was changed to Lightsquared.
http://nlpc.org/stories/2011/03/25/obama-invested-company-got-sweet-deal-fcc
Can anyone spell – SUBPOENA
Agree.
Except that, sadly, what we have does not even remotely approach a “justice” system.
It is a “legal” system only; that appears to be controlled by, and operated for the benefit of, only those who have no interest in, nor conception of justice.
FYI, the commenter known as BOB would like me to let you know that he has accidentally lost his ability to comment here.
He had let his brower remember his password, but recently cleared his browser cache and doesn’t remember his password to log in. In addition, he recently switched ISPs, and his old email no longer works, so he can’t have his password emailed to him.
He’s tried to contact Michelle through her email address, but has not yet received a reply. He’s also tried to contact the folks mentioned at the bottom of the page (Maintenance by Mark Jaquith, Ed Burns & Erik Tamplin), but has not yet received a reply.
BOB will not be able to comment again until either one of them helps him with a password reset or Michelle opens a new open enrollment period.
For those interested in more detail from BOB, you can read his comments here:
On September 15th, 2011 at 2:32 pm, granite said:
For far too many involved in that system,
their concept of “justice” is “social justice”,
which is socialism/marxism/communism.
Random thoughts:
Mr. President, if you love me…you’ll quit.
“Sit in the back seat while I drive this high speed train over the ditch and off the cliff.”
Obambi meets underside of big, black, scary armored bus built in Canada.
Attaaaack Waaaa
Dead cat splat.
Win The Failure
Obama Invested in Company That Got Sweet Deal From FCC
Not included in our February 2 letter to Issa is the fact that Barack Obama invested $90,000 in the obscure, thinly-traded SkyTerra in 2005. He was put into the investment by a UBS broker at the behest of a major donor to Obama’s campaigns named George W. Haywood, who was also a major investor in SkyTerra.
In 2007, when the New York Times reported the investment, Obama claimed he knew nothing about the stock, and said he lost money when it was sold. In any case, it is obvious Obama and Haywood remain close. Haywood and his wife, for instance, were on the guest list for the India State Dinner.
***
Falcone is also a regular White House visitor:
http://nlpc.org/stories/2011/03/25/obama-invested-company-got-sweet-deal-fcc
And lets keep in mind that LightSpeed was allowed to buy a frequency designated for low power satellite transmission when the FCC knew they were planning to use it exclusively on terrestrial towers. The fact that this frequency is adjacent to the GPS frequency and the fact that LightSpeed planned to using a much higher power in broadcasting it apparently didn’t phase the FCC who allowed this to go forward. Garmin, Lowrance and other GPS makers have already documented interference with both land and aviation GPS systems.
It is interesting how all these things are coming to light all at once. Makes me wonder if some of the Dems are leaking all this to the press in attempt to force Obama to not seek re-election so as to try to save their own jobs.
As much as he’s painted as a dastardly, underhanded villain, Nixon at least had enough of a shred of integrity to resign when he knew that his people had been caught red-handed.
The Obama now has not one but several ongoing investigations, none of which look promising for him. But I don’t expect him to have as much honor as even Richard Nixon.
DonkeyHoatie, good point.
It’s amazing that Obama has managed to be worse than both Nixon and Carter!
LightSquared is cheating on so many levels.
I knew that they were cheating with the FCC process, and thanks to Michelle I now know about all the crony connections helping them cheat.
There is a misconception that the FCC is stalling LightSquared and preventing competition in the 4G wireless market. (see my comments at RedState about this)
In fact the FCC should have rejected their application years ago. If LightSquared gets their way, every GPS receiver built in the last 20 years will have to be replaced.
LightSquared started out by purporting to offer broadband internet via satellite, and they received a license for satellite spectrum — right next to the GPS bands.
After initial testing they went back to the FCC and complained that they couldn’t get good indoor signal coverage via satellite and they needed land-based repeaters. The FCC gave them a provisional license for a few land-based repeaters in high population areas. They have kept gaming the system and are now on track to build 40,000 land-based “repeaters”, using bands allocated for satellite communication.
They are cheating. There is no unallocated national spectrum cheaply available, so they’ve tried to illegitimately “grandfather” themselves in to use a band for something it was not intended.
The technical problem with this is that their high-power land-based “repeaters” completely wipe out any GPS receivers within 2 miles.
LightSquared complains that the GPS manufacturers haven’t built their receivers to the original specification, which would have provided filtering to prevent this. That’s a technically dubious claim, but the fact remains that the existing GPS receivers were built with a relaxed specification long before LightSquared came along and started causing interference.
Its still LightSquared’s problem, because they are interfering with existing users. Ever notice those little FCC notices on wireless equipment — “may not cause interference to other equipment, and must accept any interference caused?” The FCC’s priority is supposed to be to protect existing users of any allocated and legal spectrum use.
Regardless, the bands LightSquared was licensed for were allocated to satellite use in order to protect the GPS bands in the middle. GPS receivers have to be incredibly sensitive to receive the weak signals from satellites that are 6,000 miles away at the closest, and up to three times that near the horizon.
The 40,000 “repeaters” that LightSquared wants to roll out are over 10,000 times the power of the GPS satellite signal. GPS receivers losing their satellite lock – whether in someone’s car or in an airplane – is a serious problem, no less so when they were there first.
By way of analogy, LightSquared wants to build a rock quarry in an area zoned for residential use. No amount of “filtering” will prevent the noise from interfering with the neighborhood’s right to quiet enjoyment of their property.
The original GPS specifications were relaxed because it was demonstrated that there was no harmful interference. Eliminating the extra filtering made it possible to significantly miniaturize the receivers, which made them infinitely more useful (like putting one in your cell phone).
Adding the necessary filtering will significantly increase the size of GPS receivers — probably at least double if not triple — not to mention cost.
Now LightSquared wants a waiver so they can make money from a flawed business model. That’s not our problem.
The only way I see it happening is if he is helped out the door by his own party.
Not only is this venture dangerous to the military, it will adversely affect anyone in the construction business. Many construction firms use GPS for road building and surveying. Interrupting that grid will put the halt on projects utilitizing GPS surveying and construction instruments. Way to go Dick Obummer – killing an entire industry to collect re-election funds.
OT:
ATTACK WATCH
Obama campaign attacks author probing eligibility
‘The White House is in panic mode. The White House knows the truth’
Read more: Obama campaign attacks author probing eligibility http://www.wnd.com/?pageId=345037#ixzz1Y37G4VOy
“What is at stake is the Constitution of the United States and I do not intend to stop reporting on Barack Obama’s ineligibility to be president, regardless how much the White House intends to attack me with Saul Alinsky techniques of ridicule and abuse,” Corsi said.
Uh, isn’t witness tampering a felony? Felonies are grounds for impeachment….
The (White) House of cards is falling.
Well, they were. I guess it depends on why someone committed the felony. This is really about green energy for the future, so it doesn’t count.
Like it it was just about sex, then it wouldn’t count either.
Now, if it had nothing to do with something that wasn’t even a crime anyway, then they’ll throw the book at you, Scooter.
Hell – interfering with GPS causes Cell phones not to work properly. Timing don’t you know.
Wait – isn’t this actually good news for all the other Marxists in the world?
On September 15th, 2011 at 3:50 pm, AlohaGuy said:
I thought the same thing.
I keep reading some of the things that Michelle has been saying about all of the Republicans lately. I have come to the conclusion that she does not like any of them and is doing everything she can to ensure that obummer gets reelected. It is criticisms all of the time without any let up.
Must be one of those Lote Vote Love Boat Noseholders. Waaa! Waaa!
Seeing how Obowmau is involved, shouldn’t the name of the company be BlightSquared?
Does this mean that ilovehearingthevoicesinmyhead will have to upgrade the aluminum hat he currently wears to pass his weekly court-ordered psychiatric evaluations?
***
Cell phones were prohibited for use at White Sands Missile Range for a number of years. They interfered with the older military inter system UHF radio data links. Sometimes our Patriot System would get clobbered by someone’s private cell phone conversation from 30 miles away.
***
Very expensive radio replacements were done to move out of the cell phone bands into different frequency bands.
***
Cell phones were allowed 10 years ago or so due to the great safety benefits in a very large range with many remote locations.
***
Most of the time the GPS emplacement of our launcher would agree well with the known survey location and pointing angle of the unit. But every so often the report would have the many ton missile launcher floating 50 meters above ground level!
***
We looked out the door–our launcher was still on the ground. Type in the correct altitude before firing. Most of the times it wasn’t clear if this was signal interference, a weak signal from the thousands of miles away GPS Satellites, or bad equipment.
***
GPS has been tried for blind commercial aircraft landing systems. It has already replaced the 60 year old LORAN systems for long distance navigation, and will probably replace all other microwave landing systems soon.
***
Usually some secondary towers / systems are set up near the runway to provide a stronger signal. A 50 meter error in landing an aircraft is pretty spectacular!
***
This Light Squared repeater tower system will probably jam GPS all over the place. Radio spectrum assignments are very lucrative–and done improperly cause lots of problems. Crony capitalism that may cause real disasters one day.
***
John Bibb
***
Isn’t this the time we are supposed to be separating the wheat from the chaff and coming up with the BEST candidate for the country and one that can beat Obama.
We need more researchers out there that can find the warts. I do not want to find out after I voted for someone that he/she is a total scumbag and that it was common knowledge to a select few. Transparency is in order. Shine the light on whoever is running for an office, no matter what party they are in.
No wonder “LightSquared” failed; the measurements to figure a Square are one full part short of that for figuring a cube … as per their logo ! Obviously they built the building, but didn`t fill it up with workable ideas !
I work for a land surveying firm. Surveying, as some folks may not know, depends heavily on GPS, probably pretty much exclusively. We have known about this issue for several months. It’s about time the mainstream media finally caught on to it.
There’s a website called Save Our GPS that tells more about it. From the perspective of land surveying, check out American Surveyor Magazine.
But really, is anyone surprised by all this? Is there nothing this president won’t do to solicit donations?
Why is Alan Colmes pictured in this article? Or maybe its his twin brother from different mothers.
You’re right. We should just kick back and let the candidates sail through on rock star images just like Obama did…/sarc
Please ignore my comment #46 …. I just took a shower and apparently washed out my brain !
I may rephrase it later !
Why is Alan Colmes pictured in this article? Or maybe its his twin brother from different mothers.
And I might add – blatently.
T-Bone #48,
I thought it was DATA from Star Trek: TNG out of make-up.
Besides, Alan Colmes looks like his head has used up 3 bodies !
I know this will be bad news for everyone that owns a gps for your car and airplane and your cell phone also
WOW, great scoop Michelle! This is SO SO dirty, it would make a mafia chieftain blush.
One would think this would be an impeachable offense, in any other admin but this corrupt one. But, for o and his criminal gang of thugs, it’s just another day.
You’re going to have to write at least 6 or 8 NEW BOOKS by the time this crew gets voted out.
I’m not holding my breath on the msm doing its job and exposing these criminals.
You can’t buy his transcripts. Or his Social Security number. Or a record of his travels to Pakistan. You can’t pay him enough to recite the Pledge of Allegiance. Nor will he part with Reggie Love’s phone number. But in general, you are correct.
Obama went to Washington to implement the Chicago way of politics. Its about building a nationwide Democratic Political machine. But Obama, and Rahm only knew how to deal with a machine already built, not how to build a new one. Mayor Daley was an evil genius who did not need a Saul Alinsky to do his dirty work. Obama just assumed that intimidation and extortion and other gangland tactics would do the job for him. He was wrong.
The rest of the US wants no part of this corruption. The dream of a one party system is done, less that party is the Tea Party.
All your bandwidth are belong to us….
The end game for all of these companies as far as the George Kaisers and Philip Falcones are concerned is the IPO where they can turn the millions of taxpayer seed money into billions in their own pockets. After that, they don’t care. Solyndra was such a bad company that their own auditors blew the whistle on the IPO. Apparently, LightSquared never even got that far thanks to General Shelton.
How many more of these dirty deals are in the pipeline? And will that change if crooked-land-deal millionaire and crony capital governor Perrybush becomes prez?
It’s not just Obama, it’s our entire entrenched criminal class of elected (and non-elected) weasels.
If the Republicans were wise enough, they would start chumming the waters every chance they get. List off all of the scandals, blockades, and lack of transparency, then demand answers or no action will be taken in the House on any of his initiatives.
Right up the Democrat Party’s alley, and a man after Obama’s own heart! Spending other people’s money, with no regard to ethics, nor fear of retribution…what’s not to like?
The talking cadaver emerges almost daily from his coffin to do his lib/tard crap on Fox News. Revoltin’!
It appears other companies that have taken stimulus has gone bankrupt
Of course the Department of Energy is marching forward
Whirled Peas #62,
Alan is just one of many reasons FOX is falling out of favor. If it weren`t for the lovely ladies and of course our lovely host appearing occasionally, there`d be little reason to watch FOX at all. They had such great potential !
This whole Solyndra scandal is peanuts in comparison with Obama’s support from the trial lawyers association and his blocking of all medical malpractice reform and tort reform. Recall HHS Secretary Sebelius was formerly employed by the Kansas Trial Lawyers Association and she has adroitly blocked all medical malpractice reform. Obama, slavishly loyal to the Trial Lawyers Association, tried to fudge and claimed that there is a “pilot program” of “dispute resolution” in the monstrous health care law. A pilot program means nothing will ever be actually done. Any enterprising reporter could calculate how much money Obama received in 2008 from the trial lawyers association and from bigwig trial lawyers in 08 and for 12. This is the real scandal. The Solyndra scandal is just a tempest in a teapot by comparison.
Just saw a panel on Fox & Friends. The libtard was busy spinning away, like a black widow spider looking for a mate:
“The American people are much smarter than you think. They will know what they hear is not what they actually heard” or some such nonsense.
AND, whoever is the Repub candidate, they better be armed and ready to deliver all the sucker punches they can. Don’t hold back.
Solyndra is just the tip of the iceberg, and hopefully the Demonuts are on the Titanic, heading for disaster.
But, we shall see.
MM had used the obama as icarus metaphor several months ago suggesting that mr obama, like icarus, had flown too close to the sun and the wax on his wings had melted, causing him to crash to earth. With “Solyndra” and “LightSquared”, that metaphor appears to have been prophetic and she may want to revive it for these two stories—just for the sake of their names.
The whole green energy narrative/scam is crashing in on itself due to the corruption inherent in channeling money to companies chosen by corrupt, ignorant pols like Barack Obama… sorry GE, you deserve to lose out BIG ha ha
It’s just like back in Chicago, one of Blago’s tricks was taking kickbacks to award construction contracts for bike lanes and other “green” initiatives built with money from taxpayers.
ONLY the market should be deciding what companies survive, not Barack Obama… then we don’t have these kind of problems
I guess that anyone who thought we’d never see Skeletor again after the He-Man cartoons went off the air thought wrong!
Already the ninja msm are working on ways to hide this story, or if it gets out to minimize any impact. Whereas this would be the lead story on every lib outlet, and the front page on every lib rag, IF it were a repub administration, it will be hidden and soft stroked by the msm because dems are in play. Thus the “marginally interested” voter will barely have it register. I can already hear the libs in Congress: “this is yet another attempt by the repub party, hijacked by its radical fringe in the Tea Party, to distract from the President’s agenda to put Americans back to work. While Americans are suffering, the Republican Party is doing all it can to embarrass this President, and perpetuate the gridlock in Congress”. THAT will be carried on the front pages of the lib rags.
For people that do not see that a corrupt press and media is the biggest story of the 21st century, the biggest threat to this Country, this is yet another example.
She also said, “We have no evidence…..”
I was disgusted that I could not ask her, “How much evidence was there of Presidential involvement three days after the Watergate burglary?”
Two Words: Special Prosecutor
I saw this about a week ago…
Barack Obama’s Wings of Wax
Presidencies can go through various stages in terms of their effect on the opposition – from eliciting respect and some amount of fear, to provoking anger, to becoming the object of ridicule.
Barack Obama has reached the third stage.
http://www.commentarymagazine.com/2011/09/09/obam…
Ohhhhhhh, it get’s better, barry invested in this company!
“Under FCC rules, LightSquared, as a privately-held company, is not required to publicly disclose all of its investors and the value of their holdings, though it has identified Falcone’s Harbinger hedge fund as the current majority owner. But iWatch News found that several investors in the company and its affiliates have had ties to Obama.
According to SEC records, Falcone was an early investor in the company. So was Haywood, who helped steer Obama toward investing in the firm, which was then known as SkyTerra. Obama briefly held up to $50,000 in stock in the company, according to his 2005 Senate financial disclosure form. The dealings surfaced during the 2008 presidential campaign.
“After I got my ($1.9 million) book contract, I had money to invest,” Obama said in 2007. He purchased a home and invested in mutual funds, and set up a blind trust, designed to take “a more aggressive strategy than the normal mutual funds.”
“I thought about going to Warren Buffett and I decided it would be embarrassing with only $100,000 to invest to ask his advice,” Obama told reporters. Instead, Haywood recommended a UBS stockbroker, who bought more than $50,000 in stock in SkyTerra.
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