Boy-oh-boy were those Obama years particularly “swampy” even by D.C. swamp standards.
A new report out this week reveals what appears to be a very lucrative pay-to-play scheme involving Common Core, a publisher, and former president, Barack Obama.
Obama gave CommonCore contract to publisher, got $65 million book deal in return?
As far-left Democrats yell about bribery and high crimes and misdemeanors, let’s turn to their own side of the aisle, starting with the once-penniless President Obama who left public office a very, very rich man.
He just bought a Martha’s Vineyard mansion for a cool $11.75 million, which is in addition to his Kalorama lookout post, his Chicago home, and possibly a Hawaii spread. At some point you’ve made enough…but not him.
Ostensibly, it’s mainly the work of his book deals. No bribery there, right?
According to Investment Watch (IWB), something doesn’t quite look right.
Obama gave Pearson Publishing $350 million to create Commoncore text and Pearson gave Obama a $65 million dollar book deal in return.
Pearson Publishing was paid for Commoncore but Penguin Random House Publishing did the Obama book deal. But there is commonality with the two:
Penguin Random House was formed on July 1, 2013, upon the completion of a £2.4 billion transaction between Bertelsmann and Pearson to merge their respective trade publishing companies, Random House and Penguin Group. Bertelsmann and Pearson, the parent companies, owning 53% and 47%, respectively.
That sounds like a classic bribe. You give me this big contract and I’ll kick back some to you at a later date. Chicago Way. The book cash flowed to Obama in 2017. Pearson incidentally, seemed to lose money anyway, given the public distaste for Obama’s federal takeover of education via Common Core, which extended to states cutting the program.
President Trump complained about the apparent quid pro quo last summer.
It’s not the first time Obama has done things like this either. IWB notes that Obama’s net neutrality stance benefited Netflix, and surprise, surprise, he got a lucrative deal wtih them, too.
One hand washes the other.
Book deals. The way to get rich upon leaving public office, just as congressional insiders make themselves rich in public office by trading on insider information, as described by Peter Schweizer in “Throw Them All Out.”
There are a hundred ways to Sunday for politicians to get rich both in and out of public office. As the Democrat House now focuses on impeaching President Trump, their hypocrisy is pretty glaring. Obama’s book deals are what need investigating, not President Trump’s bid to halt corruption in Ukraine.
(Indeed. The book and Netflix deals alone are worthy of serious review by lawmakers, the DOJ, etc., but as of yet no such hard look has taken place. Mr. Obama has brought received something in the ballpark of $100 million to himself personally from those two deals alone. Call it “the Chicago Way” the “D.C. Swamp” etc., what it amounts to are politicians using government wheeling and dealing to personally profit from. President Trump is a direct threat to that status quo and the Establishment hates him for it.)