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Major Obama Fundraiser Scandal (revised)

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posted on Sep, 23 2012 @ 05:35 PM
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[OP] A top Obama fundraiser and Hyatt billionaire, Penny Pritzker, has been accused of conflict of interest after her corporation received millions of taxpayer dollars allocated for Chicago public schools. [OP]

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Below Quotes from: www.newstips.org...



School board member Penny Pritzker’s Hyatt Hotels Corp. is benefiting from a $5.2 million TIF subsidy on 53rd Street – while CPS’s proposed 2013 budget cuts seven schools surrounding the hotel project by $3.4 million, which is roughly the portion CPS is losing from the TIF deal.

This one example shows the fundamental corruption in the way things are done here,” said David Orlikoff of the Chicago Teachers Solidarity Campaign, a labor and community coalition growing out of Occupy Chicago’s labor committee and supporting the Chicago Teachers Union.




[OP] In addition to being a top Obama fundraiser, Ms. Pritzker is also major donor to Mayor Emanuel’s campaign fund…as well as being on the Chicago Board of Education. She is the founder and current Chair of Classic Residence by Hyatt…AND is on the board of Hyatt Hotel Group. [OP]

[OP] Who is Penny Pritzker? [OP]

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Below quotes from:en.wikipedia.org...



Penny Sue Pritzker (born 1959) is an American business executive, and a member of the Pritzker family of Chicago, one of America's wealthiest business families. She is the founder and current Chair of Classic Residence by Hyatt, or Vi, a chain of luxury senior living communities spread throughout the United States, and the national finance chair of Barack Obama's presidential campaign.


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More links on Penny Pritzker:
www.whitehouse.gov...

www.whitehouse.gov...

www.nytimes.com...
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Below quotes from:www.nbcchicago.com...




Those gathered at East 53rd Street and South Lake Park Avenue on Thursday held signs saying "TIFs are for Kids."

"The mayor [gave] Penny Pritzker $5 million in TIF money to build this hotel," said teacher Daryl Reed. "They're saying that they don't have money but they're giving billionaires five million dollars to build a hotel.


[OP] Maybe this explains why president Obama was so mum on the recent Chicago Teacher’s Union strike; President Obama is close friends with Chicago mayor Rahm Emanuel, he receives massive campaign contributions from teachers unions…AND one of his major fundraisers is on Chicago Board of Education.[OP]

In essence, President Obama is getting ‘big bucks’ from all sides! [OP]

This may also explain why Ms. Pritzker has been keeping such a low profile in the current Obama re-election campaign (although, recently she has been seen flying on Air force One).[OP]

Currently, Penny Pritzker is rumored to have been secretly negotiating the purchase of valuable oceanfront real estate in Hawaii for the Obamas.[OP]

While many local mainstream media sources have reported on this conflict of interest story…next to nothing has been written in these articles about Ms. Pritzker’s close and substantial financial relationship to President Obama.[OP]

Furthermore, little or nothing about this story has been reported in the national television networks.
Obviously, this would be huge embarrassment to the Obama re-election campaign and fundraising effort, so it is not surprising that it has been ignored.[OP]
edit on 23-9-2012 by IAMTAT because: (no reason given)
edit on 23-9-2012 by IAMTAT because: (no reason given)
edit on 23-9-2012 by IAMTAT because: LINK FIX
edit on 23-9-2012 by Crakeur because: corrected external quote tags and complied with T&C. Please review the link previously sent to you.




posted on Sep, 23 2012 @ 05:38 PM
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Furthermore, little or nothing about this story has been reported in the national television networks. Obviously, this would be huge embarrassment to the Obama re-election campaign and fundraising effort, so it is not surprising that it has been ignored.[OP]


It's not a story. That's why.



posted on Sep, 23 2012 @ 05:44 PM
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This is not a surprise, this is how politics work in the current system.

Incumbent arranges subsidies / tax breaks to corporations....then the corporation donates most of the money back to the campaign, either directly or through offshoot companies.

It's called money laundering.



posted on Sep, 23 2012 @ 05:44 PM
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You've already posted this and that thread was closed for staff review.

Why start another? I'm sure this thread will be closed, but I'll copy/paste my previous reply from that other thread here as well:

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This doesn't have anything to do with Obama, let alone a "fundraiser scandal". It doesn't even look like a scandal for the Chicago area program;

Here is what TIF is:


Tax Increment Financing (TIF) is a special funding tool used by the City of Chicago to promote public and private investment across the city. Funds are used to build and repair roads and infrastructure, clean polluted land and put vacant properties back to productive use, usually in conjunction with private development projects. Funds are generated by growth in the Equalized Assessed Valuation (EAV) of properties within a designated district over a 23-year period.



Source: Tax Increment Financing (TIF)

The city along with a multitude of private businesses have invested funding into revitalizing depressed areas. Hyatt Hotels (aka Penny Pritzker) isn't even an owner or stakeholder in this particular project, except through a franchisee owner. As you can see from the City of Chicago source above, they have a large number of these projects going, with both public and private financing making up the funding sources. The money in question is going to the project, not to Hyatt Hotels and not to Penny Pritzker.

As an architect I've seen how projects like these unfold, and usually to get a major private entity involved in revitalization projects it takes a commitment from a public funding source as well, such as a city fund to improve civil infrastructure, which is exactly what is taking place in the project being maligned in the OP. There will ALWAYS be sour grapes from one group or another or the public, and the bigger the project the bigger the complaints. How much public money went into the "Big Dig" in Boston which inadvertently also aided the number of private businesses in that area?

Another ginned-up and poorly researched smear on someone who has done fundraising for Obama.



posted on Sep, 23 2012 @ 06:23 PM
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The original was deleted by the staff due to improper formatting of the quotes, so I had to repost it.
Sorry for the inconvenience.



posted on Sep, 23 2012 @ 10:38 PM
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It is a shame that politics have turned so ugly. The bashing and lies to both parties. Do they think the people of the United States are stupid? We see that the economy is failing? more companies are outsourcing. Our foreign policy is a mess. Scary times!



posted on Sep, 23 2012 @ 11:12 PM
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Originally posted by skepticconwatcher



Furthermore, little or nothing about this story has been reported in the national television networks. Obviously, this would be huge embarrassment to the Obama re-election campaign and fundraising effort, so it is not surprising that it has been ignored.[OP]


It's not a story. That's why.



Youre right, for Obama its not, however if he were a conservative.............
edit on 23-9-2012 by ManBehindTheMask because: (no reason given)





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