SO ONE THINKS BRIBES AND KICK BACKS ONLY HAPPEN IN OTHER COUNTRIES AS WE SEE IN KDRAMAS WILL LOOK AT THE DEMOCRATS POTUS BHO CHAOS KICK BACKS OF REWARDS WITH FRIENDS AND FAMILIES IN CHICAGO THE CITY OF MOBSTER IS NOT FAR ALONG IN THE 21ST CENTURY AS PROFITING FROM THE LEFTIST POLICIES GROWS GALOURE WHILE THE GETTING IS GOOD

Got an email from Marty Nesbitt a few minutes ago. He’s a Chicago businessman and, in the words of the Tribune, the “first friend” to President Obama. Since 2014 he has served as the chairman of the Barack Obama Foundation, the nonprofit that will build the Obama Presidential Center and library, and it was to the possible architects of the library that his email sought to introduce me. “We have big plans for the Obama Foundation and Presidential Center, friends,” he wrote. Of this I am sure.

Nesbitt has a lot of plans. An article in Politico this week described one of the many business opportunities that await the Obama presidential circle, and how some members of that circle wish to capitalize on it, as the forty-fourth president moves out of the White House. Jaded observers of politics know all about the revolving door between the private and public sectors, the iron triangle of special interests, campaign donations, and legislation, the tell-all books and cable news contracts that await influential staff, confidants, and hangers-on of former presidents. Cynicism is a part of the D.C. dress code; on Veep jadedness and self-seeking are elevated to art. But I’d be lying if I said I wasn’t shocked by what I read in Politico.

“Bid to buy for-profit college by former Obama insiders raises questions,” read the headline of Michael Stratford and Kimberly Hefling’s story. Questions like, Are you kidding me? For years the Obama administration has scrutinized and tightened the regulation of for-profit colleges, the most famous of which, the University of Phoenix, has been subject to multiple investigations and court actions. The battle has taken a toll. As Preston Cooper observes, shares of the Apollo Education Group, which sold at $87 when the president was inaugurated, have sunk to less than $10 a piece. Critics of the for-profits are gleeful. “Let’s hope this Phoenix does not rise from the ashes!” Alan Singer, a social studies educator at Hofstra University, lamely punned on the Huffington Post last spring.

Sorry professor, but you might not get your wish. Because some of the very same people who decided that for-profit colleges should be run into the ground, and successfully achieved that result (with not a little help from the colleges themselves), have now decided, well, hey, what do you know, maybe these diploma mills aren’t so gross and hazardous after all.

Among Marty Nesbitt’s various enterprises is the Vistria Group, a private equity firm he founded a few years back and whose chief operating officer, Tony Miller, was formerly deputy secretary of Education under President Obama. Last February Vistria and other investors agreed to buy the Apollo group and the University of Phoenix for $1 billion in cash. When the deal closes, Miller will be chairman of the board.


http://freebeacon.com/columns/profit-government-industry/