'Extortion': Obama Bundlers Cashing In on Obamacare Debacle

'Extortion': Obama Bundlers Cashing In on Obamacare Debacle

Government Accountability Institute (GAI) President and Breitbart News Senior Editor-at-Large Peter Schweizer told Lou Dobbs on Monday that some of President Barack Obama’s top fundraisers are cashing in on the Obamacare debacle through crony contracts funded by taxpayer dollars. 

“They are very creative. They find ways to maximize their position and those of their biggest supporters,” said Schweizer. “Millions of Americans are losing their health care coverage. Millions more are having difficulty even finding out what coverage is available. And yet there are people that are very well-positioned to do well financially.” 

“These are connections that are made by financiers, business owners who are bundlers of the president who have positioned their businesses in a nice way to profit from the mandates that Obamacare has created,” he explained.

Schweizer, author of the New York Times bestselling book Extortion: How Politicians Extract Your Money, Buy Votes, and Line Their Own Pockets, said the problem highlights the crony capitalism that has become the hallmark of the Obama Administration. 

“Outrage is necessary. This is the problem you get when you get crony capitalism where the government starts picking winners and losers,” said Schweizer. “They’re not half as smart as they think they are.”