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Carlos Slim, World’s Richest Man, Gets Richer Supplying ‘Obamaphones’ to Poor
FOX News ^
| October 10, 2012
| By Perry Chiaramonte
Posted on 10/10/2012 1:53:02 PM PDT by Oldeconomybuyer
A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.
Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick “F.J.” Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.
(Excerpt) Read more at foxnews.com ...
TOPICS: Business/Economy; Mexico; News/Current Events; Politics/Elections
KEYWORDS: cronycapitalism; election2012; failure; obamaphone
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To: Oldeconomybuyer
obama outsourcing at its finest....
2
posted on
10/10/2012 1:53:53 PM PDT
by
God luvs America
(63.5 million pay no income tax and vote for DemoKrats...)
To: Oldeconomybuyer
just another form of corporate welfare
3
posted on
10/10/2012 1:54:50 PM PDT
by
GeronL
(http://asspos.blogspot.com)
To: Oldeconomybuyer
Who will stop the madness?
4
posted on
10/10/2012 1:55:46 PM PDT
by
FES0844
To: Oldeconomybuyer
I wonder how Carlos launders his Obama contributions?
5
posted on
10/10/2012 1:56:49 PM PDT
by
palmer
(Jim, please bill me 50 cents for this completely useless post)
To: Oldeconomybuyer
Uncle Charlie didn’t send me a phone. :(
To: FES0844
Well, since the federal government isn’t Constitutionally authorized to do ANYTHING like “obamaphones”,
perhaps a return to Constitutional gov’t would do the trick?
Just thinkin’ out loud.
7
posted on
10/10/2012 1:58:55 PM PDT
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Oldeconomybuyer
Obama Zombie shrieks about how her Savior is great because he gave her a free phone & "Romney sucks"
Vote Obama in President!
To: Oldeconomybuyer
FedGov sends firearms south to arm cartels.
Billionaire oligarch sends phones north to buy voter loyalty.
What could go wrong?
To: Oldeconomybuyer
Looks like a win-win for everyone but the taxpayer.
10
posted on
10/10/2012 1:59:36 PM PDT
by
Raycpa
To: Oldeconomybuyer
I’m guessing that this Carlos Slim got rich from crony capitalism and corruption. I don’t think Mexico is a model for free market capitalism. Neither is the US anymore. Hopefully starting in January ‘13, that will change.
11
posted on
10/10/2012 2:03:13 PM PDT
by
lormand
(A Government who robs Peter to pay Paul, will always have the support of Paul)
To: Oldeconomybuyer
Everytime we pay a phone bill Carlos Slim gets fatter.
To: Oldeconomybuyer
Slim owns monopolies in a country that allows monopolies.
Most other countries don’t allow this, so his wealth cannot be gauged by others.
13
posted on
10/10/2012 2:04:45 PM PDT
by
stephenjohnbanker
(God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
To: lormand
” I’m guessing that this Carlos Slim got rich from crony capitalism and corruption. I don’t think Mexico is a model for free market capitalism.”
See #13.
14
posted on
10/10/2012 2:06:29 PM PDT
by
stephenjohnbanker
(God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
To: stephenjohnbanker
It's a shame that our observations are never mentioned when the corrupt media talks about this guy.
15
posted on
10/10/2012 2:11:35 PM PDT
by
lormand
(A Government who robs Peter to pay Paul, will always have the support of Paul)
To: lormand
Yes, he did get rich through cronyism.
I believe when the Mexican telephone company went private he knew the right people and got involved with the Mexican officials in power at the time.
A friend of mine knows his nephew, went to the wedding paid for by Carlos. It took a couple of days for all the parties, fireworks on the beach, etc.
16
posted on
10/10/2012 2:11:40 PM PDT
by
Aria
( 2008 wasn't an election - it was a coup d'etat.)
To: Oldeconomybuyer
17
posted on
10/10/2012 2:27:58 PM PDT
by
rockinqsranch
(Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
To: SeekAndFind
Ewww! WHAT is in her MOUTH?!?!?! It sure isn’t teeth.
18
posted on
10/10/2012 2:35:56 PM PDT
by
arasina
(Communism is EVIL. So there.)
To: Oldeconomybuyer
Carlos Slim, has to pay the DNC 20%. The Chicago Way.
19
posted on
10/10/2012 2:41:47 PM PDT
by
hadaclueonce
(you are paying 12% more for fuel because of Ethanol. Smile big Corn Lobby,)
To: Oldeconomybuyer
Is Slim's company supposed to give them away for free?
Do we blame the Supermarket for accepting Food Stamps?
20
posted on
10/10/2012 3:15:05 PM PDT
by
kenavi
(Obama doesn't hate private equity. He wants to be it with our money.)
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