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Obama Was Early Investor In LightSquared, Refused To Establish Blind Trust
patdollard.com ^ | 9/19/2011 | Ed Morrissey – Hot Air:

Posted on 09/19/2011 4:51:47 PM PDT by blueyon

Earlier this week, Eli Lake reported that the four-star Air Force general in charge of US Space Command told a Congressional panel that the White House pressured him to change his testimony to favor a company that shelled out donations for Democrats. LightSquared wants to press forward on a project that the military fears will create serious interference with GPS systems, and General William Shelton was going to address those concerns with Congress before the White House tried to push him into saying a few nice words on behalf of their sponsor. A reminder:

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.

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.

As it turns out, LightSquared is more than just a Democratic donor. The Lonely Conservative points us to a July 2011 article at The Huffington Post, in which it seems that Barack Obama himself has a personal interest in LightSquared:

(Excerpt) Read more at patdollard.com ...


TOPICS: Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: agenda; alyingwhat; anything4abuck; badpresident; barackclouds4america; blindtrust; campaignmoneyscam; cantaffordgasoline; corruption; dangertojetliners; fraud; govtabuse; insidertrading; justbuyanewhybrid; launderingcampaign; lightsquared; motherunmarried; obama; obamalies; pay2play; putittogether; screwsupgps; stimulas; threattomilitarygps; timetoimpeach; trustme; trustmekdaffy; youcantrustme
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To: randita; blueyon

Major Democratic donor Philip Falcone runs an investment fund that is majority owner of the company.

It turns out the company also runs an ads at Think Progress, a website run by the liberal Center for American Progress.
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/lightsquared-advertises-think-progress

American Progress keeps showing up.
http://www.freerepublic.com/focus/f-news/2779904/posts


21 posted on 09/19/2011 5:52:57 PM PDT by bronxville (Sarah will be the first American female president.)
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To: bronxville
Where the heck is the media...no answer required.

Just imagine the furore if Bush or Cheney had "refused" to establish a blind trust.

Indeed, recall the furore over Cheney converting his contracted severance payment from Halliburton into an insurance policy -- all straight up and designed a.) to get him his due, while b.) removing him totally from any hint of conflict of interest.

"Refused" to establish a blind trust???!!! Wow! Abject corruption right out in the open. This must be the "Chicago Way"...

22 posted on 09/19/2011 5:53:48 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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To: randita

Pay for Play. The NYSlimes, NPR, UPI, there’s hope for us yet. Great info...I’m sure the Clinton team got a windfall.


23 posted on 09/19/2011 5:58:25 PM PDT by bronxville (Sarah will be the first American female president.)
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To: okie01

The Chicago and the Clinton way. I think they’re running the show. Dufus couldn’t plan something like this...it was definitely preplanned.


24 posted on 09/19/2011 6:06:08 PM PDT by bronxville (Sarah will be the first American female president.)
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To: blueyon
2012 Campaign Begins


25 posted on 09/19/2011 6:07:45 PM PDT by clearcarbon
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To: blueyon

No wonder the Chicago Tribune threw Obama under the bus this morning.

Maybe Rahm wants to run for emperor after deposing his bath house buddy for high crimes and misdemeanors.


26 posted on 09/19/2011 6:13:01 PM PDT by FlyingEagle
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To: smaug6

You can say that again! ;-)

LLS


27 posted on 09/19/2011 6:18:56 PM PDT by LibLieSlayer (Is the person that you support a Crony Capitalist... A.K.A. CRAPITALIST?)
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To: clearcarbon

Love it


28 posted on 09/19/2011 6:26:53 PM PDT by blueyon (The U. S. Constitution - read it and weep)
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To: blueyon
This happening to Bush or Cheney would have had them bounced out of office in under 2 months.
29 posted on 09/19/2011 6:27:23 PM PDT by The Cajun (Palin, Free Republic, Mark Levin, Rush, Hannity......Nuff said.)
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To: blueyon
LightSquared wants to press forward on a project that the military fears will create serious interference with GPS systems, and General William Shelton was going to address those concerns with Congress before the White House tried to push him into saying a few nice words on behalf of their sponsor.

Anything for a profit regardless of the collateral damage. Isn't this what socialists/communists claim capitalists believe?

These idiots remind me of a cartoon character sawing off the branch between themself and the tree.

Do they believe themselves insulated from the consequences of their actions?

30 posted on 09/19/2011 6:33:02 PM PDT by Grizzled Bear (No More RINOs!!!)
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To: bronxville

There’s a lot out there on the Center for American Progress. Beck has been on this group for a while.

http://www.undueinfluence.com/cap.htm


31 posted on 09/19/2011 7:02:07 PM PDT by randita (Obama - chains you can bereave in.)
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To: blueyon

More Crony Capitalism for Sarah P’s ammo locker.


32 posted on 09/19/2011 7:10:50 PM PDT by 1066AD
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To: Jacquerie
“A President instead of a tyrant would be worried.”

He wouldn't be so blasé except that he knows he will not be replaced. He will either win by voter fraud or create a situation whereby he can declare martial law.

33 posted on 09/19/2011 7:20:47 PM PDT by chooseascreennamepat (I have a liberal arts degree, do you want fries with that?)
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To: blueyon

Has he really refused to set up a blind trust? Anybody got links to support that?


34 posted on 09/19/2011 7:31:58 PM PDT by Ramius (personally, I give us... one chance in three. More tea?)
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To: LibLieSlayer
his skin color makes him immune.

No it does not. Why repeat what the liberals/media wants you to believe and speak.
35 posted on 09/19/2011 7:59:31 PM PDT by presently no screen name
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To: clearcarbon

That’s good!!


36 posted on 09/19/2011 8:02:35 PM PDT by presently no screen name
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To: bronxville

Where are our elected officials? They should be calling for impeachment pronto! We can’t and shouldn’t expect the commie media to do anything FOR America!


37 posted on 09/19/2011 8:14:49 PM PDT by presently no screen name
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To: blueyon

We (conservatives) could never catch this “Chicago Way” type of action... It’s above our pay level. When cops get big drug busts - nine times out of ten a rival gang has spoon fed the information to authorities. Who’s behind all of this Obama expose stuff?


38 posted on 09/19/2011 8:24:07 PM PDT by GOPJ (126 people were indicted for being terrorists in the last two years. Every one of them was Muslim.)
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To: SERKIT

...................So, when will impeachment begin?...............

Never!

Unfortunately, he’s black, thus untouchable, lest there be riots on “main street”!

Nobody even has the balls to call him on his totally bogus “birth certificate”: how are they going to call him on Lightsquared; Solyndria; fast/furious, or any of the other scams going on in his “government”.!

Scum, just total scum!


39 posted on 09/19/2011 8:33:29 PM PDT by Noob1999
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To: GOPJ
Who’s behind all of this Obama expose stuff?

Really good question.

I'd wager that at least some of it is coming from leaks in the Congressional Committees investigating Fast & Furious and Solyndra.

The 'Pubbies seem to have finally realized how to get the media interested in 'Rat scandals -- spoon-feeding them tantalizing tidbits.

Of course, six months ago, the media couldn't be bothered to print and publicize such leaks. Now, they've decided to pile on. And somebody else is running a much larger leak machine, using information the investigating committees wouldn't necessarily have.

Somebody, some group, on the left has decided to feed Obama to the jackals. It might even be the somebody -- or group -- that was running him...

40 posted on 09/19/2011 8:38:35 PM PDT by okie01 (THE MAINSTREAM MEDIA: Ignorance On Parade)
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