Mar 6, 2009

Obama stimulus saves tech billionaire hundreds of millions

Billionaire Paul Allen (pictured) along with Bill Gates co-founded Microsoft.

Allen owns the NFL's Seattle Seahawks and the NBA's Portland Trailblazers.

And, thanks to the stimulus bill President Obama signed this week, he's also about to be as much as a billion dollars richer.

The report at the link below gives the details.

For what it's worth, one of Paul's representatives told the WSJ the billionaire didn't lobby for the windfall. It just fell into his lap.

How many other Paul Allen’s will increase their wealth by a billion dollars as a result of the Obama stimulus plan - a hastily drawn up and poorly thought out boondoggle passed by an obedient Democratic congress?

Link