Under President Obama, your civil liberties were redistributed to the 1 percent via your tax dollars.
Edward Snowden earned $200,000 a year working for a corporation called Booz Allen Hamilt (BAH). BAH is a publicly traded corporation that derives 99 percent of its income from US government contracts, and its stock is traded on the New York Stock Exchange.
The primary purpose of BAH is to illegally spy on US citizens on behalf of the United States government. The federal government contracts with dozens of corporations to illegally spy on US citizens within the United States, and without warrants, as required by the US Constitution. This is a very profitable business.
In early June 2013, Snowden released thousands of government documents showing the existence of the National Security Agency’s (NSA) illegal domestic spying program. He feared for his life and fled the country.
Snowden was not the first to reveal classified information. The New York Times reported the existence of this program in 2005. Shortly afterwards, two time Pulitzer prize winner New York Times reporter James Risen released his book State of War revealing the NSA’s illegal program. The Bush administration made threats against the Times and Risen, but did nothing.
As a true patriot, Risen refused to divulge the sources for his information even under threats of jail by the Obama administration.
And this all goes to the main point. The NSA still continues to spy on US citizens in violation of the US constitution, even going to the point of burglarizing the homes of US citizens without even so much as a warrant. This corruption is all about corporate profits at taxpayer dollars and civil liberties.
The reason Obama continues to steal our civil liberties is simple. It’s all about money, profits, campaign contribution, political corruption and corporate share prices.
According to a report by The Washington Post, BAH’s Chairman, Ralph W. Shrader, was given $3.1 million in compensation during the fiscal year of 2012. The Post reported that the company has 24,500 employees, and a market cap of $2.5 billion. They reported $5.8 billion in revenue for 2013, of which $219 million were profits. And profits have been rising considerably in recent years. Net operating income was $200 million in 2010, off of $5.1 billion in revenue. Three years later revenue had grown to $5.8 billion, while operating income had doubled to $446 million.
In other words, while their business with the government remained steady, earnings increased considerably.
According to the BAH 10-K filing, “we have strong and longstanding relationships with a diverse group of clients at all levels of the U.S. government. During fiscal 2013, we derived 99% of our revenue from services under more than 5,700 contracts and task orders. The single largest entity that we served in fiscal 2013 was the Army, which represented approximately 16% of our revenue in that period. We derived 91% of our revenue in the fiscal 2013 from engagements for which we acted as the prime contractor.”
Of that revenue, a further 23%, or $1.3 billion, came from U.S. Intelligence agencies.
At the time Snowden made his revelations of corruption, BAH’s share price stood at $17.38 a share. The price has steadily risen until it jumped over $38 a share recently. Chasing Snowden out of the country and using a steady propaganda campaign of painting him as a traitor to the US government, while ignoring that he was defending the US constitution, helped to steady the BAH share price.
Had the US government decided to no longer violate the US constitution based on Snowden’s revelations, the BAH share price, and the shares of all those other corporations that contract with the US government to illegally spy on US citizens, would’ve become valueless.
That was something Obama’s Wall Street masters could not tolerate. So he clamped down on all forms of dissent and whistle blowers within the US government. That is one of his chief achievements as US president.
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