FRONT PAGE CONTRIBUTOR
Did Terry McAuliffe allow GreenTech to keep on fundraising, using his name?
Man, the Washington Post is really setting itself up for some severe criticism when they finally end up endorsing Terry McAuliffe. It’s like they’re providing us with all the information we need to discredit said endorsement ahead of time:
…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.
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.
I mean, that last sentence is downright hostile.
For those coming in late: GreenTech is an
EB-5 visa ‘green’ car factory that Terry McAuliffe touted as part of his Awesome Business Mad Skillz, right up to the moment that people noticed that GreenTech was much better at getting Chinese investors immigration visas than it was at making glorified golf carts. Supposedly, McAuliffe got out of the company in December 2012… only, he forgot to tell anybody about this until April 2013 (which is when the stories about his involvement really took off). As the above shows, GreenTech continued to tout McAuliffe’s involvement in the company – and, inexplicably, Terry McAuliffe completely forgot to have a problem with that until the nice people at the Washington Post called his staff for a response.
Now, I will not call this apparent rampant hypocrisy and habitual two-faced opportunism “Clintonian.” That is because Bill Clinton, regardless of his other faults – his many, many other faults – knew when to deliver at least some goods. Nobody here seriously believes that Clinton actually wanted welfare reform, for example. But he was more than happy to sign off on it, and reap the credit for it. McAuliffe, on the other hand, would have probably set up a dummy corporation to oversee the changeover process, pocketed the resulting 10% advisory fees, and then tried to tout the whole thing as being a life-changing social work experience.
I’m not even angry at Terry McAuliffe for that. It’d be like getting mad at a leech.
Moe Lane (crosspost)
PS: Ken Cuccinelli for Governor. He’s not a leech.