Obama Helped Supporters Get Millions, ABC News, May 15, 2008, Illinois State Business, Chicago, Illinois corruption

ABC News just reported on more Obama and Illinois corruption. Companies and employees that helped Obama have been rewarded. Even though this article is not indepth or hard hitting, it is at least an effort to question Obama. A recent post on this blog reveals the deeper ties to Chicago and Illinois corruption surrounding Obama. Here are some excerpts from the ABC News article:

“In a speech to the Urban League last July, Sen. Barack Obama, D-Ill., boasted of his efforts in 2001 to help a handful of African American-owned investment firms in Chicago get a larger share of business with Illinois state pension funds. “And in six months, they got about a half-billion dollars’ worth of business simply on their excellence,” Obama said.

What he did not say in his speech was that the owner of one of the investment firms, John Rogers of Ariel Capital, is a principal campaign fundraiser. Nor did he reveal that employees of the firms he helped have since contributed to or helped to raise more than $765,000 for his campaigns, according to campaign documents. Nor did he mention that two of the firms have allowed him to use their private jets. Nor did he mention that two of the firms have since been dismissed by the state pension fund for “underperformance.” ”

“Now, Rogers is an Illinois finance co-chairman for Obama’s presidential campaign, having raised more than $200,000 for the campaign. Ariel employees have given nearly $70,000 to Obama’s White House effort — for a total of more than $130,000 to Obama’s political career since 2001, when the politician went to bat for the company.”

“Three other minority-run firms — Holland Capital, Loop Capital and Capri Capital Partners — also saw hundreds of millions of assets turned over to them to manage after meeting with Obama and the state pension boards.”

Read the rest of the article here:

http://abcnews.go.com/Blotter/story?id=4861699&page=1 






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