Profits must not be evil when Democrats make profits
Mexican billionaire making millions from American government program that gives poor free cell phones
Mail OnLine – Daily Mail Reporter – 10/10/2012
According to Fox News, the cost of the Lifeline program more than doubled from $722million in 2008 to $1.6billion in 2011. The exact number of recipients of said phones in 2008 is not clear but the latest 2011 calculation puts the figure at 3.8million subscribers.
That sentiment is not correct, however, as Gawker points out that the funding for the service comes from fees to the Universal Service Fund paid by some of the country's largest phone companies. One example that they give, Verizon Wireless, makes their users pay the cost of the Universal Service Fund, that is not a government-mandated fee.
Mr Slim owns Movil
, which in turn owns Simple
Mobile, the service provider for the Lifeline phones, and TracPhone, the company
which produces the physical phones themselves. America
TracPhone makes $10 profit per Lifeline phone, which when added up based on the amount of program enrollees, equates to millions in profit.
A direct recipient of said profit is
'F.J.' Pollak, the CEO of TracPhone
who is also a large Democratic donor. Frederick
Mr Pollak and his wife Abigail, who is a campaign bundler for the president having raised more than $1.5million since 2007, have given thousands to the re-election campaign.
In addition to the combined total of $788,500 that the couple has raised for the president in this fiscal cycle, they also played hosts to $40,000-per-plate fundraising dinners for both the President in June and the First Lady in July 2008.
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