Is There an Obama-Gadhafi Link?

Wednesday, May 13, 2009 12:15 PM

By: Scott Wheeler

Whose interest was President Obama serving when on March 30 he ordered Chrysler to either conclude a merger with Italian automaker Fiat within 30 days or lose federal bailout funds which would lead to its immediate demise?...

Why would Obama undercut a U.S. company, involved in a heated negotiation, in favor of a foreign company’s interest?

Clear answers are not available, but there is one very curious shareholder in Fiat that raises some interesting questions. The African nation of Libya owns at least a 2 percent stake in Fiat and thus makes Moammar Gadhafi, who controls the wealth of Libya, a direct beneficiary of the deal favoring Fiat.

Does Obama owe Gadhafi?

That is a tough question to answer, but Obama’s record-shattering $700 million presidential fundraising operation and a revealing speech made by Gadhafi nearly a year ago, seem to undress Obama’s inexplicable sabotage of Chrysler’s negotiating position with Fiat.

Before anyone was suspicious of the sources of Obama’s campaign funds, Gadhafi made a speech that was carried by Al Jazeera on June 11, 2008 and translated by The Middle East Media Research Institute (MEMRI).

"All the people in the Arab and Islamic world and in Africa applauded this man. They welcomed him and prayed for him and for his success, and they may have even been involved in legitimate contribution campaigns to enable him to win the American presidency."

Is Gadhafi revealing his knowledge of something that no one else even suspected at the time?

Since Gadhafi's June 2008 speech, other evidence has surfaced suggesting that Obama raised significant sums from dubious sources in Gadhafi's neighborhood including tens of thousands of dollars the campaign was forced to return once it was revealed the origin of the funds was in Gaza, the Middle East.

So far there has been very little interest in the sources of Obama’s massive fundraising, and with Democrats in control of both houses of congress it is unlikely that there will be an investigation into what many believe is the most prolific fundraising abuse ever.