Is President Obama money laundering?
Posted on 2011-10-28
Official Money Laundering Definition (Wikipedia):
Money laundering often occurs in three steps: first, cash is introduced into the financial system by some means (“placement”), the second involves carrying out complex financial transactions in order to camouflage the illegal source (“layering”), and the final step entails acquiring wealth generated from the transactions of the illicit funds (“integration”).
In 2009 Obama and the Democrats, Democrat controlled House and Senate, passed $819 billion dollars in the Stimulus Bill to stimulate the economy. In the House no Republican voted for the bill, but in the Senate three Republicans did, Collins, Snow, and Spector. Spector later that year became a Democrat and the other two voted like Democrats most of the time, so essentially no GOP members supported the bill in both the House and Senate.
In 2009 a solar company called Solyndra receives $500 billion dollars in stimulus money (taxpayer money) so it can continue making and selling solar panels as part of Obama’s green jobs initiative program. In 2011 this same company declares bankruptcy. In the meantime top executives go to the White House several times from 2009 to 2011 to lobby the president and to make donations to his campaign, which is essentially taxpayer money. Hundreds of companies like Solyndra received stimulus money and are funneling the money back to Obama via campaign donations.
Here is the breakdown. First, money goes out in form of a Stimulus Package; two, companies and corporations receive the money to help them with their business; three, the money comes back to President Obama in a form of a campaign donation. Pretty slick.
1.) Is Obama essentially money laundering through the Stimulus Bill knowing he will get money back in a form of campaign donations from these companies that receive taxpayer money?
2.) Should companies and people who receive Stimulus money be allowed to donate to Obama’s campaign?