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Carlos Slim, world’s richest man, gets richer supplying ‘Obamaphones’ to poor

A Mexican telecom mogul who holds the title of world's richest man, and one of President Obama's top donors are both getting even richer from the U.S. government program that supplies so-called "Obamaphones" to the poor.



Carlos Slim, who has an estimated net worth of $70 billion, owns a controlling stake in TracFone, which makes $10 per phone for each device it provides to poor Americans. The company, whose president and CEO is Frederick "F.J." Pollak, also makes money from extra minutes and data plans it sells to subscribers who get phones and service through the government's Lifeline program. The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.



[font=Times New Roman]The phones came into the national spotlight after a viral video surfaced on YouTube in which a Cleveland, Ohio, woman praised the president, sayin

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Added: Oct-12-2012 Occurred On: Oct-12-2012
By: Pugnator
In:
Other News
Tags: Carlos Slim, Obamaphones, President Obama
Location: United States (load item map)
Views: 1353 | Comments: 33 | Votes: 1 | Favorites: 0 | Shared: 6 | Updates: 0 | Times used in channels: 2
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  • The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones.

    Not an Obama program, just a program still in place while Obama is in office, expanded to cellphones under Bush.

    Posted Oct-12-2012 By 

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  • obama phone? bush started it. dumb conservatives dont even know facts. besides god hates facts.....

    Posted Oct-12-2012 By 

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    • @check2check these RINOs never take credit when it's theirs.

      they vote to not allow embassys to receive funding for security, then blame Obama when an embassy is attacked.

      the bush cell-phone program.

      the health care deal approved by a (R) Supreme Court, and a deal originally introduced in the 90's by Newt.


      There's more but whatever right, Ta(R)ds will be Ta(R)ds.

      Posted Oct-12-2012 By 

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    • @check2check - "The program, which began in the mid-1980s, has exploded in the past four years after being expanded from supplying landlines to the poor to providing cellular phones."

      Did you not read the article ????

      Posted Oct-12-2012 By 

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    • @KutKorners - "then blame Obama when an embassy is attacked." What embassy and who was in charge when it was attacked?

      Posted Oct-12-2012 By 

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    • @Pugnator And who voted to not allow needed funding for proper security? Who specifically mentioned the embassy in Libya as an embassy that would just have to make do?
      ==============================
      Rep. Jason Chaffetz (R-Utah) acknowledged on Wednesday that House Republicans had consciously voted to reduce the funds allocated to the State Department for embassy security since winning the majority in 2010.

      On Wednesday morning, CNN anchor Soledad O'Brien asked the Utah Republican if he had &qu More..

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    • @Pugnator if only a dictator was around to keep order there instead of the facsist terrorists who got power thanks to airstrikes with no congress approval

      Posted Oct-12-2012 By 

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  • Bushphones.

    Posted Oct-12-2012 By 

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  • Comment of user 'LSDforuandme' has been deleted by author (after account deletion)!
    • @LSDforuandme TracFone's got 'em. There's one that hasn't been activated right next to me. It's not from the government though.

      Posted Oct-12-2012 By 

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    • Comment of user 'LSDforuandme' has been deleted by author (after account deletion)!
    • @LSDforuandme Ouch! I accidentally gave you a thumb down instead of a thumb up. Apologies.

      Thanks for the link. Cheers.

      Posted Oct-12-2012 By 

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    • Comment of user 'LSDforuandme' has been deleted by author (after account deletion)!
    • @LSDforuandme I got it right this time. :-)

      Posted Oct-12-2012 By 

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  • He's not the richest man.
    Instead among them.
    I'd like to peek into Swiss bank accounts of Royals and bankers if you want to see what hoarding wealth looks like.

    Posted Oct-12-2012 By 

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  • Trinkets for votes

    Posted Oct-12-2012 By 

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  • Anyone seeing a trend?

    Obama looks like he is doing something good with our money.

    Then we realize he just gave another one of his supporters a boat load of money.

    He is selling us out like a fire sale, while the store is still on fire.

    Posted Oct-12-2012 By 

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  • $1.6 billion WTF

    Posted Oct-12-2012 By 

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  • lol, fraud

    Posted Oct-12-2012 By 

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  • cancel obama and his phone free phone loser shit

    Posted Oct-12-2012 By 

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  • It must be real nice to be worth $70 Billions. This guy could literally buy a country if he wanted to. A small one like Ecuador or something

    Posted Oct-12-2012 By 

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  • This is the HOPE and ChaNGE the ignorant parasites in the Democrat party voted for!

    Posted Oct-12-2012 By 

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  • Comment of user 'dorbie' has been deleted by author (after account deletion)!
  • What difference is there between a government imposed "mandatory fee" and a tax? There is none. The libtards are up to their usual tricks forcefully redistributing other people's money.

    Posted Oct-12-2012 By 

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  • No hablo Ingles.

    Posted Oct-12-2012 By 

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  • PROPAGHANDA BULL SHIT! WE ALL KNOW WE DON'T LIKE OBAMA BUT THIS STORY IS PLANE BULLSHIT! READ UP WHEN THIS SAFELINK PHONES STARTED, IT WAS WAY BEFORE OBAMA EVEN STEP FOOT IN COLLEGE!.

    Posted Oct-12-2012 By 

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  • Phones are being used by drug dealers, pimps and hookers.

    Posted Oct-12-2012 By 

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