What's that smell' Another Obama deal
The Obama administration's so committed to cronyism that it's violating its ObamaCare law to lend $314 million to New York's Freelancers Union, whose board members gave Democrats $11,000-plus between 2007 and 2011.
The law says recipients of such loans -- aimed at helping begin health-care cooperatives -- can't have issued health insurance before July 2009 and can't be for-profit organizations. Yet the union's members -- who don't get coverage through employers -- have owned the for-profit Freelancers Insurance Co. since 2008, The Washington Free Beacon reports.
The union says all the loan money will go to the co-ops, which it's just sponsoring -- a distinction without a difference. Founder Sara Horowitz, a labor lawyer and organizer, served with then-Illinois state Sen. Barack Obama to advise a think tank funded by leftist billionaire George Soros.
And, bad news, taxpayers: The government expects the default rate on such loans to approach 40 percent.
Overseeing the co-op program, the administration's Centers for Medicare and Medicaid Services approved the loan despite all that.
Disregarding its own law and financial common sense to lend to the Freelancers Union, this administration leaves no doubt that it puts politics above all else.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.