Friday, October 19, 2012

Obama Benefited Financially from the Auto Bailout

Just more rank hypocrisy from the Marxist in Chief.
"Today, deputy campaign manger Stephanie Cutter and the Obama campaign were pushing an article in The Nation saying that Romney - who opposed bailing out the auto industry as carried out by Obama - actually made $15.3 million from the bailout through a $1 million investment with a hedge fund firm that put cash into GM supplier Delphi," the Columbus Dispatch reports. "'He was against the auto bailout...but personally [benefited] from it,' Cutter said, calling that 'hypocrisy.' (Actually it's called doing the righteous thing) 'It’s just an example of what’s good for Mitt Romney might not be good for everybody else. He plays by a different set of rules.'"

But Cutter did not mention how Obama himself financially benefited from the federally financed auto bailout he supported. Obama, from his time as an Illinois state senator, is invested in the Illinois pension fund.
Obama has between $50,000-$100,000 invested in the Illinois General Assembly Defined Pension Benefit Plan, according to financial disclosure forms.

And that pension fund is invested in the Delphi Corporation...

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