That didn’t take long. First term Senator, Barak Hussein Obama, succumbs to the (Democrat’s) Culture of Corruption.
Less than two months after ascending to the U.S. Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.
One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Obama took the lead in a legislative push for more federal spending to battle the disease. ~iht.com
Oh, but he didn’t know. He had no idea! It’s all a coincidence that his ‘legislative push’ benefited these same companies.
Even so, the stock purchases raise questions about how he could unwittingly invest in two relatively obscure companies, whose backers happened to include generous contributors to his political committees. Among those donors was Jared Abbruzzese, a New York businessman now at the center of an FBI inquiry into public corruption.
Obama, who declined to be interviewed about the stock deals, has already had to contend with a controversy that arose out of his reliance on a major campaign contributor in Chicago to help him in a personal financial transaction. In that earlier case, he acknowledged last year that it had been a mistake to involve the contributor, a developer who has since been indicted in an unrelated political scandal, in deals related to the Obamas’ purchase of a home. ~iht.com