Obama made a cool $300,000 dollars by buying a house and land below
asking price. Does this make Obama a crook? Hell no, it makes him a
politician, the same kind he says he is going to rid Wa****ngton of.
Obama is smooth, slick, and a liar. That should make him a good
politician.
Obama tries to dodge the truth by his "bonehead" statement. Don't be
fooled. Obama bought a house for $300,000 under the asking price
while Rezko's wife bought the adjacent lot for about $300,000 over
the
asking price. Then Obama allegedly got scared and quickly bought an
adjacent strip of the lot for about $100,000 from Rezko's wife so it
would not look too badly. Obama only made about $200,000. So the big
question is, "What did Obama do for Rezko that was worth $200,000?"
This question is sure to be answered by the Republicans in the
general
election.
A doctor sold the mansion to Obama for $1.65 million -- $300,000
below the asking price. Rezko's wife paid full price -- $625,000 --
for the adjacent vacant lot. The deals closed in June 2005. Six
months
later, Obama paid Rezko's wife $104,500 for a strip of her land, so
he
could have a bigger yard. At the time, it had been widely re****ted
that Tony Rezko was under federal investigation. Questioned later
about the timing of the Rezko deal, Obama called it "boneheaded"
because people might think the Rezkos had done him a favor.
A few months after Obama became a U.S. senator, he and Rezko's wife,
Rita, bought adjacent pieces of property from a doctor in Chicago's
Kenwood neighborhood -- a deal that has dogged Obama the last two
years.
The doctor sold the mansion to Obama for $1.65 million -- $300,000
below the asking price. Rezko's wife paid full price -- $625,000 --
for the adjacent vacant lot. The deals closed in June 2005. Six
months
later, Obama paid Rezko's wife $104,500 for a strip of her land, so
he
could have a bigger yard. At the time, it had been widely re****ted
that Tony Rezko was under federal investigation. Questioned later
about the timing of the Rezko deal, Obama called it "boneheaded"
because people might think the Rezkos had done him a favor.
Eight months later -- in October 2006 -- Rezko was indicted on
charges
he solicited kickbacks from companies seeking state pension business
under his friend Gov. Blagojevich. Federal prosecutors maintain that
$10,000 from the alleged kickback scheme was donated to Obama's run
for the U.S. Senate. Obama has given the money to charity.
In 1995, Obama began campaigning for a seat in the Illinois Senate.
Among his earliest sup****ters: Rezko. Two Rezko companies donated a
total of $2,000. Obama was elected in 1996 -- representing a district
that included 11 of Rezko's 30 low-income housing projects.
One of the firm's not-for-profit clients -- the Woodlawn Preservation
and Investment Corp., co-founded by Obama's then-boss Allison Davis
--
was partners with Rezko's company in a 1995 deal to convert an
abandoned nursing home at 61st and Drexel into low-income apartments.
Altogether, Obama spent 32 hours on the project, according to the
firm. Only five hours of that came after Rezko and WPIC became
partners, the firm says. The rest of the future senator's time was
helping WPIC strike the deal with Rezko. Rezko's company, Rezmar
Corp., also partnered with the firm's clients in four later deals --
none of which involved Obama, according to the firm. In each deal,
Rezmar "made the decisions for the joint venture," says William
Miceli, an attorney with the firm.
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