Billionaire Terry McAuliffe spent a lot of money over the past two years trying to remake himself as a Virginian. That effort is falling apart as investigations continue into his Green Card scandal in with rich Chinese donors in Tennessee.

The New York Times reports this week:

Officials also questioned GreenTech’s plan to attract Chinese investors using a visa program that awards green cards to foreigners who put up $500,000 or more for a start-up business. One development official wrote that she could not “get my head around this being anything other than a visa-for-sale scheme.”

http://www.nytimes.com/2013/04/26/us/in-virginia-governors-race-electric-cars-could-backfire-for-terry-mcauliffe.html?pagewanted=all&_r=0

McAuliffe refuses to disclose how much of GreenTech’s financing was raised through foreign investors seeking green cards, known as EB-5 visas. Marianne McInerney, a McAuliffe-hired vice president at GreenTech, admitted that the company's capital strategy included selling green cards to Chinese investors.

For his part, McAuliffe is working on producing documents that show that he resigned from the Tennessee company over four months ago, though he continued to refer to his role at the company in the present tense, telling a meeting of small business owners in January, “I’m building electric cars now.”

get your facts straight. There is no publicly available information that labels Terry McAuliffe as a billionaire. While McAuliffe admitted making $8.1 million in 2011, $1.8 million in 2010 and $6.5 million in 2009, he did not disclose the sources of that money, nor his net worth.

Grand Jury Wrote:
-------------------------------------------------------
> Marianne McInerney, a McAuliffe-hired vice
> president at GreenTech, admitted that the
> company's capital strategy included selling green
> cards to Chinese investors.
>

You are twisting her words. This is what was actually reported:

Asked how much of GreenTech’s financing was raised through foreign investors seeking green cards, known as EB-5 visas, [Terry McAuliffe] referred the question to GreenTech’s current executives. Marianne McInerney, a vice president, said the EB-5 program was important to “our initial capital strategy” but did not represent the majority of current investments.

Nice picture of a tiny toy car being pushed in front of a camera inside a big bright empty "manufacturing facility."

Yet one question puzzles me...

Where do you put the pizzas?
Attachments:

Don't you mean Mississippi?

Earlier this month, McAuliffe celebrated the opening of the GreenTech plant at a ceremony attended by Bill Clinton and mega-lobbyist and former Mississippi Gov. Haley Barbour, a former business partner of McAuliffe’s who enticed GreenTech to Mississippi with a “package of tax and infrastructure incentives.”

Marianne McInerney, executive vice president of sales and marketing for GreenTech, said the incentive package reflected the state’s “desire to attract an electric car company,” and included a $3 million loan.

The event was also attended by a host of wealthy investors from China, where GreenTech is currently building a massive manufacturing facility as part of a joint venture with a Chinese investment firm.

McAuliffe’s political connections may have played a role in securing a deal with China. In February 2012, GreenTech automotive executives attended a U.S. State Department luncheon honoring Chinese Vice President Xi Jinping, during which Vice President Joe Biden personally introduced McAuliffe to Xi.

McAuliffe told the Associated Press the company had raised money through the federal government’s EB-5 visa program, which allows foreign nationals to obtain U.S. residency status in exchange for investing in businesses here.

It is unclear how large a stake in the company is owned by foreign investors. McInerney told the Free Beacon that “as a privately held company, GreenTech does not comment on our financial or related strategies,” noting that the firm “has been built on private capital investment, not government money.”

http://freebeacon.com/meet-the-macker/

This just keeps getting better...

Sunday, April 28, 2013 Issue 12 VOLUME 1 ISSUE 12
AIADA head leaves post amid controversy over political committee

Industry trade press affirm that Marianne McInerney has resigned as president of the American International Automobile Dealers Association—a departure at least in part that resulted from goals to establish the group’s own political action committee.

McInerney left her post to pursue other interests, according to reports in Automotive News and other publications. She’s been credited with giving the association new direction and energy—helping craft its focus to become a more legislative-minded advocacy group for import dealers. One of the key goals of the agenda in the past year came in the form of plans to create a political action committee to support the group’s goals. AIADA’s dealer board members say the group will continue to pursue formation of the PAC—which drew fire from NADA as a rival group that might splinter dealers’ financial support of Congressional candidates.

Indeed, some dealer members of AIADA resigned their positions because they believe the AIADA-sponsored PAC would create unneeded friction with NADA. AIADA’s board members say they’ll seek a replacement for McInerney, who had served as AIADA president for nearly three years.

http://www.imakenews.com/dealercomm1/e_article000547630.cfm?x=b11,0,w