The US Government has announced that it has agreed a deal to sell the White House to a private equity firm.
In an agreement that will be hugely surprising to many will involve the White House being sold to HS Capital Partners for USD 1.5 million. The house will then be automatically leased back to the US Government on a five year lease agreement. After such time it is believed the house will be converted into luxury flats and sold off individually.
A government spokesperson, Jeff Kennedy, claimed “that the deal has been worked on for some time now” and “provides some much needed revenue for the state.”
The deal is sure to raise much debate with many social campaigners already voicing their disgust at such a move.
Bob Teller of the Anti-Abuse of Capitalism Organisation described the news as “the greatest example ever of crony capitalism. Selling the White House, the most important historical landmark in America, is just not right and for less than two million dollars …… what’s that all about? It’s a disgrace. We gotta get people on the streets and turn this over”
The decision will cause much debate. It is expected the president will comment on the issue later today. So far there has been no official statement from HS Capital Partners.