November 4, 2006

REACH OUT AND TOUCH SOMEBODY'S LAND:

Obama on Rezko deal: It was a mistake (DAVE MCKINNEY AND CHRIS FUSCO, 11/04/06, Chicago Sun-Times)

In June 2005, Obama and Rezko purchased adjoining parcels in Kenwood. The state’s junior senator paid $1.65 million for a Georgian revival mansion, while Rezko paid $625,000 for the adjacent, undeveloped lot. Both closed on their properties on the same day.

Last January, aiming to increase the size of his sideyard, Obama paid Rezko $104,500 for a strip of his land.

The transaction occurred at a time when it was widely known Tony Rezko was under investigation by U.S. Attorney Patrick Fitzgerald and as other Illinois politicians befriended by Rezko distanced themselves from him.

In the Sun-Times interview, Obama acknowledged approaching Rezko about the two properties being up for sale and that Rezko developed an immediate interest. Obama did not explain why he reached out to Rezko given the developer’s growing problems.

Last month, Rezko was indicted for his role in an alleged pay-to-play scheme designed to fatten Gov. Blagojevich’s political fund. Rezko also was accused of bilking a creditor.


Didn't Abramoff have any land to sell?

Posted by Orrin Judd at November 4, 2006 9:36 PM
Comments

Obama makes $150,000 per year. Yet he can afford to spend over $1,750,000 for a house and lot. He has been in political office since 1996 and only had 5 years as a "community organizer" and "civil rights attorney" after law school.

Maybe Rick Perlstein can tell again us how much more corrupt GOPers are.

Posted by: Bob at November 4, 2006 10:12 PM

Don't forget his book deal: legal graft.

Posted by: oj at November 4, 2006 10:30 PM

Did Obama pay Harry Reid an advisory fee?

Posted by: ratbert at November 5, 2006 2:32 AM

Maybe his wife has a lucrative job?

Posted by: erp at November 5, 2006 12:09 PM

The reason distain and hatred of capitalism comes so easy to Leftwing politicians is because they believe the all market is as corrupt as that part in which they enthusiastically participate. (The same could be said of Hollywood entertainers.)

Posted by: Raoul Ortega at November 5, 2006 2:21 PM
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