"Obama and his administration would judge environmentally destructive or exploitative industries for the financial and professional gain of his friends, including industries such as coal mining, offshore drilling, oil companies, and mining companies. 39, financial advance and for-profit colleges, "wrote Katelyn Caralle of the Washington Examiner.
Schweizer's book, based on extensive research, indicates that Obama has acted to regulate certain industries so that regulations reduce the value of certain companies, wrote Katelyn Caralle of Washington Examiner. These actions have allowed two friends of the family to take advantage of operations through their own investment company.
Here's how it worked: Obama's friends Marty Nesbitt and Harreld Kirkpatrick III created a private equity firm called Vistria, around the time Obama was re-elected in 2012.
Nothing wrong with that, except, as Schweizer notes in his book, "A curious pattern has begun to emerge." Obama and his administration would attack industries with government power, which would have resulted in a substantial valuation of these companies. Vistria, or other relatives to Obama, could then acquire these assets for pennies on the dollar. "
Schweizer cites, for example, for-profit higher education institutions such as the University of Phoenix, the ITT Technical Institute and DeVry University. In 2013, Obama blamed schools for taking advantage of students by indebting them with huge debts, ruining their credit and making a profit. He ordered the Federal Trade Commission to prosecute them.
In the case of the University of Phoenix, its parent company, Apollo Education Group, was suspended as a result of an investigation by the Federal Trade Commission in 2015. The following year, three companies, including the Vistria, decided to buy what remained of Apollo at a price 90% lower than its starting price. price of the stock before the survey.
While Vistria's investment portfolio in education was gaining momentum, a number of officials from the Obama Education Department, including the secretary at the Education, Arne Duncan, ended up holding senior positions in the Vistria.
This is only one example. There are others.
Schweizer noted in his book, for example, that Vice President Joe Biden and Secretary of State John Kerry were deeply involved in trade and security talks with China as the country began its campaign of aggression aimed at expanding its military and physical presence in the south of China. Sea. Contrary to the usual diplomatic practice, both have played a "good cop" without seriously confronting China for its reprehensible behavior.
Remember that Biden and Kerry were close friends of their years together in the Senate. There was little surprise then when Biden's son, Hunter, and Kerry's son-in-law, Christopher Heinz, one of the heirs of Heinz ketchup fortune, embarked on the trade together in 2009.
They have created a number of equity and real estate investment companies associated with Rosemont Capital, the "alternative investment fund of the Heinz Family Office".
Until here everything is fine. Except that, "Over the next seven years, Joe Biden and John Kerry have both negotiated sensitive and high-stakes deals with foreign governments, the Rosemont entities have secured a series of exclusive contracts with these same foreign governments." .
In December 2013, for example, Biden went to China for interviews. He brought Hunter Biden. During his stay there, top President Biden gently cycled against China's net aggression and strengthened the bilateral trade partnership. Ten days after the end of the trip, the Central Bank of China, the Bank of China, has created a $ 1 billion investment joint venture, dubbed Bohai Harvest RST. For the record, the "RS" referred to the company of Biden's son, Rosemont Seneca.
It's quite questionable.
But a few months later, in July 2014, Secretary of State John Kerry traveled to China, also for talks. Kerry spoke little of China's clear aggression, but ostensibly pointed out that "China and the United States are the largest economic alliance business partnership in the history of China." ;humanity".
He should know. In the following months, Chinese government-related companies took major stakes in several of the companies owned or controlled by Hunter Biden and Chris Heinz, and provided them with massive multi-billion dollar financing. Nor is it the only scandal involving John Kerry.
And this only touches the surface. The book is a catalog, a virtual roadmap of how corrupt businesses are run in Washington – and why Americans have an interest in asking why their representative travels to Washington as a poor and returns as a millionaire.
We can only hope that when Biden or Kerry prepare to face Trump during the 2020 presidential race, they will receive the same relentless scrutiny as a Republican with the same venial record. But we will not hold our breath.
The perception that there are no scandals in the Democratic administration is the result of the extreme bias of our media and the fact that our Fake News does not denounce the corruption of Democrats.