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Obama MV House Owned By Private Equity Looter

The latest updates on Obama’s latest extravagant vacation. First, from the UK’s Telegraph:

First dog Bo is airlifted to Obama holiday home

By Nick Allen | 11 August 2013

Arriving in the idyllic coastal retreat of Martha’s Vineyard in Massachusetts, Mr Obama left behind him in Washington DC high profile debates over the budget, government surveillance and his health care reforms…

He also seems to have left behind his dog, who, once again had to flown in on a separate aircraft.

Bo, the president’s Portuguese Water Dog, arrived separately on one of two MV-22 Ospreys, a hybrid aircraft which takes off like a helicopter but flies like a plane. It was the first time the Ospreys have been taken on holiday by a US president.

Lest we forget, this isn’t the first time that Bo has had to be specially accommodated. Back in July 2010, the first dog was flown in a separate jet to Mr. Desert, Maine to join the first family for their vacation.

More than 70 hotel rooms, each costing up to $345 (£220) a night, have been booked out for Secret Service agents, who took charge of luggage including two large mesh bags full of basketballs…

The president has had to downsize to a $7.6 million, 5,000-square foot retreat on nine acres which is owned by a businessman friend from Chicago…

Then there is this, from the Daily Caller:

Obama stays at private equity guru’s $7.6 million Martha’s Vineyard house

By Patrick Howley | August 11, 2013

President Obama is renting out a private equity guru’s mega-mansion during his 8-day Martha’s Vineyard family vacation.

Obama and his family arrived Saturday at the $7.6 million home of David Schulte, founder of the private equity firm Chilmark Partners. The four-bedroom, 5,000-square foot home sits on nine and a half acres in the Chilmark area of Martha’s Vineyard and boasts “floor-to-ceiling windows overlooking the Atlantic.” According to Bloomberg’s Juliana Goldman, “While the First Family’s there, they can swim in the Infinity pool, they could shoot hoops on a half-basketball court, even hit the gym, they could also play tennis on the tennis court there.” …

Schulte, whose private equity firm specializes in mergers and acquisitions and corporate “restructuring,” was one of Obama’s 2013 inaugural donors. Before founding the Chicago-based Chilmark Partners in 1984, Schulte, a Yale Law School graduate, directed the Wall Street investment bank Salomon Brothers’ “Corporate Reorganization Group.” …

Oddly enough this is exactly the same line of work that Mitt Romney used to do. According to the Chilmark Partners website, the company has been “been providing companies, creditors, and other key stakeholders with clear, careful advice in complex restructuring situations for more than 27 years.” And it lists Mr. Schulte’s "Distressed Investing Experience," which includes "decades of mergers and acquisition experience, both in distressed contexts and for healthy companies.”

So, in other words, Obama will be vacationing in the house of a man who made his money doing the same exact thing that the arch criminal Romney did at Bain Capital. Except not nearly as well.

And never mind that Obama and his lickspittle minions demonized Romney, calling him a corporate ‘looter,’ and worse. Mr. Schulte is Obama’s best friend for life. Or, at least whenever he needs a place to stay on Martha’s Vineyard.

Last we have this news, via Red Alert Politics:

POTUS struggles on the golf course during first full day of Martha’s Vineyard vacation

By Gabriella Morrongiello | August 11, 2013

Taking a break from an economic talking tour and his feud with Russian President Vladimir Putin, President Barack Obama arrived Saturday in Martha’s Vineyard, Mass., for a vacation with his family — and the first activity on his agenda is anything but a surprise.

What’s perhaps is surprising, however, is that the POTUS might not be a very good golfer.

That would be surprising, since he thinks he is an expert on everything.

Joined by Sam Kass, Marvin Nicholson and Robert Wolf, President Obama went golfing on Sunday morning, according to the press pool report. But after getting a rare glimpse at Obama’s golf game, the pool reported that he struggled on the first hole.

“His first put[t] was a miss, which Obama reacted to by leaning back and kicking his knee up, as if trying to coax the ball into breaking right,” the report read…

While hitting the links was to be expected, the President’s excursion to Farm Neck Golf Club won’t be his only means of relaxation. Two bags of basketballs were unloaded from Air Force One after the POTUS and FLOTUS touched down on Saturday…

He’s not particularly good at basketball, either. Despite his claims to he contrary.

This article was posted by Steve on Monday, August 12th, 2013. Comments are currently closed.

One Response to “Obama MV House Owned By Private Equity Looter”

  1. USSFreedom says:

    The king’s dog is more important than the children of taxpaying citizens booked to tour the people’s House long before the new sequester crisis manufactured by “the one.” Still off limits due to the lack of $ to conduct the tours.
    Oblameo sucks at a lot of things beside golf and basketball. But, really good at squandering taxpayer funds that could transport quite a bit of building material to the Jersey and New York shores. Meanwhile, a great many Americans are taking in home vacations due to being out of work. These grifters livin the high life in more ways than one.

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