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REPORT: Here’s How Obama Helped Dem Congressman Doubled His Wealth While In Congress

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One of the richest members of Congress is also the Democratic nominee attempting to become governor of Colorado. His name is Jared Polis and he doubled his wealth in just 10 years while he was in the House of Representatives. This is based on a benchmark estimation and some of his wealth reportedly came during the eight years that former President Barack Obama was in office.

The irony is how there are so many rich Democrats while their voters are also some of the poorest people in America. If there’s a perfect example of division in this country, it’s how vastly different the pockets and bank accounts are between the highest paid Democrats and the lowest paid Democrat voters.

Polis is just one of many extremely wealthy Democrats. There are rich people on all sides, but it often strikes a nerve when people who pander to the poor are often so rich that it’s impossible for them to physically count all of their money.

Todd Sheppard of the Washington Free Beacon tells us more: “Jared Polis, one of the 10 richest members of Congress and the Democratic nominee for governor of Colorado, saw his wealth double during his 10-year run in the House of Representatives according to one benchmark estimation, and the congressman had the ability to actively manage the vast majority of his wealth in that time despite boasting about creating a blind trust “to avoid even the appearance of impropriety.”

The congressman’s net worth hovered around $140 to $170 million dollars between 2007 to 2010, according to an analysis of financial disclosures by the Center for Responsive Politics. By 2014, his wealth spiked to about $387 million.

Those figures are only an estimate, however, as congressional disclosure forms only require the elected official to list an asset within specified ranges of value. However, because the CRP is a clearinghouse for all kinds of public information on members of Congress, which includes parsing and estimating financial data from disclosures, and because their methodology is applied consistently, their estimates are often used as a baseline standard by politicians, candidates, and journalists.

Disclosures from the earliest years after Polis took office created controversy in 2012 when conservative political author Peter Schweizer published a book that included a section critical of some of Polis’s health care investments, given that the congressman ultimately voted “yes” for the Affordable Care Act despite initially casting a “no” vote in committee when the bill was in its earliest forms.

Polis co-founded the private company BridgeHealth Medical in Colorado, which in its early days was a pioneer in what’s known as “medical tourism,” whereby patients—with the help of a company like BridgeHealth—could find lower surgery costs in places such as India or Costa Rica.

Because much of Polis’s activity with BridgeHealth came in the years leading up to the passage of the Affordable Care Act, also known as Obamacare, Schweizer called it “[o]ne of the more creative and cynical plays on health care reform.” He wrote:

In other words, Polis was betting that there would be more, not less, medical tourism after the passage of health care reform. Companies in the medical tourism industry generally agreed, and favored Obamacare. They did not believe the bill would actually contain costs, and if anything, they expected overseas medical procedures to become more attractive. Medical Tourism magazine featured an article after the passage of the bill entitled, “Medical Tourism Expands as Alternative to Obama- care.” As the article put it, “Interest in medical tourism has expanded rapidly as Americans react to the new federal law.”

As the controversy developed, two D.C.-based ethics watchdogs were also critical of the investments.

Polis has fired back after an excerpt of Schweizer’s book was published in the Denver Post.

“The fact is I have not purchased stock in any publicly traded company since entering Congress,” he wrote in a rebuttal op-ed. “[Schweizer’s] assertions are blatantly and verifiably false. Additionally, when I was first elected in 2008, I decided to set up a blind trust to avoid even the appearance of impropriety, a step few members take and that is not required.”

A summary of the 2015 disclosures shows Polis listing assets for a blind trust in the range of $25 to $50 million. However, based on estimates from the Center for Responsive Politics, Polis had at least four other assets listed in the same monetary range, making it a reasonable estimate that his blind trust only represented between 10 and 30 percent of his overall wealth. And his investments in BridgeHealth, which have continued well into 2015, have never been in the blind trust.

The Washington Free Beacon asked Polis and his campaign if restricting his investments to strictly private companies, which BridgeHealth is, presented a more ethical option than investing in public companies. No comment was provided to that question and several others.

The Boulder-based congressman emphasized in 2012 that his investments into BridgeHealth were loans.

“I have loaned this business money virtually every quarter since its founding in order to sustain its operations and to avoid layoffs,” the congressman wrote. “I am not otherwise involved in this company as either an employee or board member.”

Many of the BridgeHealth transactions documented by Polis in his disclosures list them as “Convertible Notes Receivable.”

“A convertible note is an investment vehicle often used by seed investors investing in startups who wish to delay establishing a valuation for that startup until a later round of funding or milestone,” according to FundersClub.com. “Convertible notes are structured as loans with the intention of converting to equity. The outstanding balance of the loan is automatically converted to equity at a specific milestone, often at the valuation of a later funding round. In order to compensate the angel investor for the additional risk of investing in the earlier round, convertible notes will sometimes have additional clauses, such as caps, and or discounts.”

According to 2015 disclosures—the last year for which CRP aggregated, estimated, and sorted all of the financial information for the congressman—Polis had an equity position in BridgeHealth somewhere between $5 and $25 million, and he had “note/note receivable” positions in the company for the same asset range.

Polis built his wealth at an early age through entrepreneurial endeavors, most of them technology related, and has used his wealth to self-finance most of his political ambitions. He is currently sponsoring a bill that would reverse the tax cuts from the 2017 bill passed mainly by the GOP in party-line votes.

He’s also well known in Colorado as one of the so-called “Gang of Four”—four multi-millionaires who donated heavily to create a Democrat-based advocacy structure of non-profits and media organizations that remained outside of the reach of the party itself. It’s generally accepted that the results of the “blueprint” by the Gang of Four showed enormous success between the years 2004 and 2006, when Democrats began taking back majorities in the state general assembly and winning back the governor’s chair. After those successes, Democrats at both the national and state levels began duplicating many of the strategies Polis and the others had invented and deployed.”

President Trump Announced How He Just Got Mexico To Pay For The Wall

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When President Trump said he would have Mexico pay for the wall on our southern border, he meant it. He just announced how they are going to do it too… through the USMCA (the revision of NAFTA). Which I suspect was the plan all along.

Very early this morning at about 4:38 am, Trump tweeted: “I often stated, “One way or the other, Mexico is going to pay for the Wall.” This has never changed. Our new deal with Mexico (and Canada), the USMCA, is so much better than the old, very costly & anti-USA NAFTA deal, that just by the money we save, MEXICO IS PAYING FOR THE WALL!”

For those doubters on Twitter (and you will see some of them below), I highly doubt the plan was ever to have Mexico pay for the wall up front. We would fund the wall and recoup the funding from Mexico. I don’t see what is so hard to understand about that. But it seems to be a financial move many can’t seem to grasp and that is beyond their comprehension.

SIGN PETITION DEMANDING TRUMP BUILD THE WALL 75,000 HAVE SIGNED

I fully support that if Congress just won’t fund the wall, having the military build it through Pentagon funding and then reimbursing them for it. Why? Because it is a national security issue and always has been. That border is a clear and present danger.

Why shouldn’t Trump have Mexico pay through the USMCA? And why all the negativity from people who are obviously poorly informed and just politically biased? They let their hate for the president dictate all their thoughts and actions rather than looking at the mechanics of the move and the benefits from it. I just don’t get these people. They have not even given this a chance and already they are shooting it down. That’s a leftist for you.

Check out the moves on Twitter over this:

https://twitter.com/crimsonfaith88/status/1073207655760576514

https://twitter.com/catgrinner/status/1073207093254066178

Most of these people don’t seem to get that a great deal of the funding for the wall was approved before Trump started all of this. I have never seen so many people so intent on leaving themselves open to attack. What a bunch of foolish, self-involved individuals. Just sad. Build the wall whatever it takes and do it fast before one of our many enemies gets a chance to severely cripple this nation once again.

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Three Clinton Foundation Whistleblowers Will Testify This Coming Week, “Explosive” Allegations to Come…

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“With regard to the investigation, which doesn’t get a lot of attention, into the Clinton foundation, the DOJ designated John Huber to look into this. They have 6,000 pages of evidence that they’ve gone through. The foundation raised $2.5 billion, and they’re looking into potential improprieties. What’s next on this investigation?” the Fox News host questioned Congressman Meadows.

“Well, I think for the American people, they want to bring some closure, not just a few sound bites, here or there, so we’re going to be having a hearing this week, not only covering over some of those 6,000 pages that you’re talking about, but hearing directly from three whistleblowers that have actually spent the majority of the last two years investigating this,” Meadows answered.

The Gateway Pundit reports:

Some of the allegations they make are quite explosive, Martha and as we just look at the contributions — now everybody’s focused on the contributions for the Clinton Foundation and what has happened just in the last year, but if you look at it, you know, it had a very strong rise, the minute she was selected as Secretary of State — then it dipped down when she was no longer there and then rose again, when she decided to run for president. So there’s all kinds of allegations of you know, pay-to-play and that kind of thing, “Meadows said.

Take a look:

In the three years following Hillary Clinton’s departure from her position in the State Department, the Clinton Foundation donations dropped by 90%.

The Gateway Pundit writes, “Hillary Clinton left the State Department in 2013 and it looks like nobody wants to pay since she can no longer play.”

Currently, the Clinton Foundation is being put under investigation by the Justice Department and the FBI for a whole plethora of reasons.

The Hill reports that the Clinton Foundation is also being investigated by the IRS in order to find out whether or not any “tax-exempt assets were converted for personal or political use.”

Numerous Clinton emails backing up the idea that the Clinton Foundation was involved in “pay-to-play” schemes during Clinton’s time serving as the head of the Department of State have been found by Conservative watchdog group Judicial Watch.

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