March 7, 2007

EVE...:

In '05 Investing, Obama Took Same Path as Donors (MIKE McINTIRE and CHRISTOPHER DREW, 3/07/07, NY Times)

Less than two months after ascending to the United States Senate, Barack Obama bought more than $50,000 worth of stock in two speculative companies whose major investors included some of his biggest political donors.

One of the companies was a biotech concern that was starting to develop a drug to treat avian flu. In March 2005, two weeks after buying about $5,000 of its shares, Mr. Obama took the lead in a legislative push for more federal spending to battle the disease.

The most recent financial disclosure form for Mr. Obama, an Illinois Democrat, also shows that he bought more than $50,000 in stock in a satellite communications business whose principal backers include four friends and donors who had raised more than $150,000 for his political committees.


If guys like him can't cash in on political power then why would anyone who's never done anything productive with their life choose politics as a career?

Posted by Orrin Judd at March 7, 2007 10:55 AM
Comments

Who is giving him legal (and professional) advice? Dan Rostenkowski? Richard Daley? Harry Reid? Bill Clinton? Duke Cunningham? The ghost of LBJ?

Posted by: ratbert at March 7, 2007 11:29 AM

Just following Chicago's real city motto:

"Ubi mea est?"

"(Where's mine)"

Posted by: RIck T at March 7, 2007 11:31 AM

Hey oj, stop taking potshots at Ted Kennedy when he's not here to defend himself... : )

Posted by: Bartman at March 7, 2007 12:42 PM
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