GreenTech fits pattern of investment that has made big profits for Terry McAuliffe

By Tom Hamburger and Peter Wallsten, Published: September 21


The pitches to potential investors in a new electric-car company have been unabashed about its promise: It will enjoy “billions” in government subsidies and tax credits, will rise to a dominant position in the U.S. electric-car industry and, perhaps most critically, has a politically connected founder with the savvy to make it all happen.

That founder, Virginia gubernatorial candidate Terry McAuliffe (D), is listed in a recent confidential memorandum to prospective investors as GreenTech Automotive’s “chairman emeritus.” The 70-page document includes photographs and references to McAuliffe’s close ties to former president Bill Clinton. It recounts his political pedigree in detail, from serving as finance director for Jimmy Carter’s 1980 presidential reelection campaign to breaking fundraising records for the Democratic Party and chairing Hillary Rodham Clinton’s 2008 presidential campaign.

A section dedicated to GreenTech’s public relations efforts cites only one specific initiative: McAuliffe’s past promotion of electric vehicles on “national television news programs.”

Dated March 12, the previously undisclosed prospectus, provided to The Washington Post by the nonprofit watchdog group Cause of Action, notes that McAuliffe is “currently the largest individual shareholder” of GreenTech.

The prospectus, along with other documents reviewed by The Post, shows how GreenTech fits into a pattern of investments in which McAuliffe has used government programs, political connections and access to wealthy investors of both parties in pursuit of big profits for himself.

That formula has made McAuliffe a millionaire many times over, paving the way for a long list of business ventures, including his law firm, from which he resigned in the 1990s after profiting — along with his partners — from fees paid by domestic and foreign clients seeking results from the federal government.

A review of McAuliffe’s business history shows him often coming out ahead personally, even if some investments fail or become embroiled in controversy... [continues]


http://www.washingtonpost.com/politics/greentech-formula-has-made-big-profits-for-mcauliffe/2013/09/21/3c6e332c-2136-11e3-b73c-aab60bf735d0_story.html

I'm confused. I thought you right wingers were all for a guy making a buck. Not so? Or is it just damn libruls making a buck that you're against?

Bobby Mac is a bona fide crook, but that's OK, right?

ooot Wrote:
-------------------------------------------------------
> I'm confused. I thought you right wingers were
> all for a guy making a buck. Not so? Or is it
> just damn libruls making a buck that you're
> against?
>
> Bobby Mac is a bona fide crook, but that's OK,
> right?


I'm confused. I thought you nutty left wingers were against people manipulating the system and engaging in unscrupulous and possibly illegal activity in order to make a buck. Not so? Or is it just conservatives making a buck that you're against?

TMac is a bonafide crook, but that's OK, right?

ooot Wrote:
-------------------------------------------------------
> I'm confused. I thought you right wingers were
> all for a guy making a buck. Not so? Or is it
> just damn libruls making a buck that you're
> against?
>
> Bobby Mac is a bona fide crook, but that's OK,
> right?

It's not an issue of Republican vs. Democrat. I'm not pleased with how Gov. McDonnell chose to "make his bucks" so as a conservative (not a Republican), I don't have double-standards like the "other" party.

First of all, there's nothing wrong with "making a buck" as long as it's done legally, and ethically. But, from what I've read in the article posted, it appears that someone was clearly pointing out that the investment would be a positive one because of taking advantage of the government subsidies.

With a condition like that, I don't think anyone should accept what has happened -- whether they are a Democrat or a Republican. So, you can erase that thought from your mind that there are double-standards going on unless you're willing to also admit to all the double-standards that the Democratic party likes to use.

The reality here is that the northern Virginia voters are really apolitical. They feel that they don't have time to get wrapped up in the facts. They think it will be OK if they make their decision for a candidate on the week of the election and that will be based mainly on the commercials they see in the week leading up to the election. Then, we have the whole voting issue, which I think will result in some of the lowest turnout levels in years. People just claim that they're too busy to get involved.

Libs never seem to mind a filthy, corrupt, hypocritical, money grubbing 1%'er as long as they are socialist.

Here's a list of all the good things that Terry has done for Virginia:

...


Are you impressed?

That list matches the one I have.

There's nothing good that can come from a Fast Terry stay in Richmond for four years.

Terry has a long history of great achievements. Granted, they all involve self-enrichment, but they're still achievements!

Terry's Achievements Wrote:
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> Terry has a long history of great achievements.
> Granted, they all involve self-enrichment, but
> they're still achievements!

Yes. Terry is quite a person with a long list of great achievements. For example, he was quite willing to stand up and provide a mortgage for Bill and Hillary Clinton for their Westchester home because they couldn't find a lender willing to work with them. However, in the 11th hour, PNC Bank came forward and agreed to provide them with a mortgage, so Terry didn't end up going through with his charitable offering.

I wonder if Terry will provide a mortgage for me? I'd love to buy a beach home and get me one of those fancy "8" series BMWs.