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I wish this were just a joke, but it’s not. U.S. Senator John Kenn3dy is now publicly demanding that Barack O.b.a.m.a return $120 million that he allegedly earned through ownership related to “Obamacare.”
I wish this were just a joke, but it’s not. U.S. Senator John Kenn3dy is now publicly demanding that Barack O.b.a.m.a return $120 million that he allegedly earned through ownership related to “Obamacare.”
“He allocated money under his own laws using taxpayer-generated prestige,” Kenn3dy said, calling it “an abuse of public office and blatant influence.”
Obama has three days to respond before John Kenn3dy says the matter will be referred to the Department of Justice for formal review.
“There’s nothing ethical or legal about this,” Kenn3dy added.
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**Sen. John Kennedy Calls for Review of Alleged Obamacare-Related Earnings by Former President Obama**
U.S. Senator John Kennedy (R-La.) has publicly called for a formal review of allegations that former President Barack Obama improperly benefited financially from the Affordable Care Act, commonly known as “Obamacare.”
In recent remarks, Kennedy claimed that Obama earned $120 million through ownership interests allegedly connected to the healthcare law enacted during his presidency. Kennedy described the situation as “an abuse of public office and blatant influence,” and stated that if the former president does not respond within three days, he will request that the Department of Justice conduct a formal review.
“There’s nothing ethical or legal about this,” Kennedy said, arguing that any personal financial gain tied directly to legislation signed into law would warrant serious scrutiny.
However, as of now, there is no publicly available evidence supporting the claim that Obama holds ownership interests in Obamacare-related entities or that he personally profited from the legislation. The Affordable Care Act established regulatory frameworks and insurance marketplaces but did not create privately owned assets held by the former president.
Representatives for Obama have not issued a public response to the allegations at this time. Legal experts note that former presidents are subject to strict financial disclosure requirements, and no such ownership interests have been reported in publicly available filings.
If referred to the Department of Justice, the matter would require substantial evidence to proceed beyond preliminary review.