Is Tony Rezko’s Conviction Relevant to the Obama Campaign?

Once again, Obama’s media cheer

leaders chant “distraction!”

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rezkopic.jpgTony Rezko of Chicago was convicted Thursday of 16 counts of fraud, money laundering and abetting bribery of public officials.

Mr. Rezko was an early supporter of and major donor to Barack Obama as he ran for the Illinois Senate. There are conflicting reports of the amounts donated by Rezko to Obama’s campaigns, ranging from $60,000 to Hundreds of Thousands.

In June, 2005 Rezko assisted Senator Obama in the purchase of a $1.6 million dollar home in Chicago.

The London Times reported on its investigation of Rezko, Obama, and the real estate deal back in March. The Times learned that a British-Iraqi billionaire, Nadhmi Auchi, one of Britain’s wealthiest men, who has a conviction for corruption in France, lent millions of dollars to Tony Rezko in May of 2005. Columnist Robert Novak reprted in March, ’08 that Pentagon sources called Auchi a “bagman” who laundered money in London for Saddam Hussein.

Three weeks after the loan from Auchi to Rezko, Senator Obama bought the house, and on the same day Mrs. Rezko bought the vacant lot next door.

What has not been widely reported is that the two parcels were offered for sale by the same seller, who insisted as a condition of sale, that they both be sold at the same time. It is often true in real estate, and it was this seller’s opinion, that the whole was worth more than the sum of the parts. The vacant lot had been landscaped and fenced to serve as a large side-yard and garden to the house.

The Google Earth satellite photo below shows how the the house and the vacant lot on the corner were fenced and landscaped as one property at the time Obama and Rezko purchased them.

google-map-obama-house-compressed.jpg

Since Rezko had no use or need for the corner lot, it’s not a stretch to conclude that Obama couldn’t afford both parcels so Rezko got involved to satisfy the seller’s condition and help Obama buy the house he wanted. This was a tangible benefit, worth several Hundred Thousand Dollars, to Barack Obama from Tony Rezko.

Obama claims he was barely acquainted with Rezko, maybe having lunch with him once or twice a year. So why did Tony Rezko give Barack Obama this kind of financial assistance? What did Rezko, who was just convicted of facilitating bribes to government officials, receive or expect to receive in return?

So far, there is no answer. But the question is legitimate. Obama has virtually no record of experience or accomplishment that would indicate he is qualified for the Presidency. He claims he is better qualified than all the experienced Governors, Senators, Congressmen and Cabinet Officers who sought the nomination because his “judgment” is superior to theirs. Since he lacked the judgment to buy a more modest home that he could afford rather than get in bed with a Chicago gangster, his claim is at best weak

In a statement issued by his campaign a few hours after the verdict, Senator Obama said, “This isn’t the Tony Rezko I knew.” If that sounds familiar it’s because a month ago Obama said of Rev. Wright “this isn’t the man I knew.”

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3 Comments so far

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  2. tom jones on June 6th, 2008

    This is nothing more than speculaton.

    Senator Obama is not a crook. He is not Rezko. There is no shred of evidence whatsoever that Obama broke any law or did anything wrong.

    McCain is up to his neck in corporate lobbyists! He has lobbyists running his campaign and writing his bills. Thats where the bribery is. Obama doesn’t deal with lobbyists.

  3. aaa again on June 8th, 2008

    tom jones uses the now familiar Obama supporter’s defense (while drooling): “speculation” or “guilt by association.” Yeah, well we’re not in Kansas anymore, Lil’ Tommy.

    Mr Boomerjeff notes:

    Obama claims he was barely acquainted with Rezko, maybe having lunch with him once or twice a year.

    [aaa: I don’t know about any of you, but if I have “lunch with a guy once or twice a year” I have a pretty good notion of what he wants, and what he’s about. If not, I can only be described as an incompetant fool. I’m in the private equity business, and when people want to have lunch with me, its rarely because of my good looks and sunny disposition. No, its because they have business to discuss. Cold, hard business. The same no doubt pertains to Barack Obama, a potential candidate for high office. Now, are we to understand that Obama is oblivious to Rezko’s interests, or said another way: an incompetant fool?]

    So why did Tony Rezko give Barack Obama this kind of financial assistance? What did Rezko, who was just convicted of facilitating bribes to government officials, receive or expect to receive in return? [aaa: Uh, er, because he’s a jolly good sport?”}

    So far, there is no answer. But the question is legitimate. Obama has virtually no record of experience or accomplishment that would indicate he is qualified for the Presidency. He claims he is better qualified than all the experienced Governors, Senators, Congressmen and Cabinet Officers who sought the nomination because his “judgment” is superior to theirs. Since he lacked the judgment to buy a more modest home that he could afford rather than get in bed with a Chicago gangster, his claim is at best weak

    In a statement issued by his campaign a few hours after the verdict, Senator Obama said, “This isn’t the Tony Rezko I knew.” If that sounds familiar it’s because a month ago Obama said of Rev. Wright “this isn’t the man I knew.”

    [aaa: Yeah, yeah, yeah. And Hillary Clinton is as mystified by the ability of $20K per year Chinese to contribute massive sums to her campaign as her husband was about the meaning of “is”………and Obama is about his 20 year relationship with his pastor.]

    Rubbish. All rubbish. Excuses only believed by fools. Obama is a product of the Chicago political machine. With inextricable ties to Emil Jones, Tony Rezko – and probably soon to be indicted Governor Blagojevich – Obama is nothing more that a standard issue Chicago-style muscle pol. Throw in a few just-a-little-too-cozy relationships with…..oh, you know, racist, bigoted Pastors, and ex-terrorist bombers…..and you have the real Obama.

    Stay tuned. We’re not in Kansas anymore…..