The Fed, Germany and Terry McAuliffe’s Suspicious Investments
On today’s edition of Coffee and Markets, Brad Jackson and Ben Domenech are joined by Francis Cianfrocca to discuss situations that would compel the Fed to change course, Germany’s historic election and Terry McAuliffe’s suspicious business investments.
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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 | Read More »
Washington Post buries its allegation that Terry McAuliffe’s Greentech lied to VEDP.
There’s a good bit here of interest in this surprisingly hostile Washington Post article on Democratic gubernatorial candidate Terry McAuliffe* and his horrible, awful, no good kiddie electric car company GreenTech, but one particular bit jumps out: VEDP [Virginia Economic Development Partnership] officials were also uneasy about GreenTech’s heavy reliance on EB-5 financing. A top GreenTech executive told the VEDP that each year, 20,000 Chinese | Read More »
Quote of the Day, From The Mouth Of Terry McAuliffe’s Business Partner edition.
Greentech Automotive president Charles Wang, on the dubious joys of partnering with Virginia gubernatorial hopeful Terry McAuliffe: …there are days when Mr. Wang says he wishes he had never gone into business with a politically connected partner. “I learned a lot of things,” he said. “Politicians or people with political backgrounds are dangerous to business.” Bolding mine – and get that up on a campaign | Read More »
How Alejandro Mayorkas, Anthony Rodham, Greentech, Terry McAuliffe, Hillary Clinton, and EB-5 all cohere.
Amazing how all of these things keep interlocking. Via Instapundit comes this report from Reuters that “U.S. Citizenship and Immigration Services Director Alejandro Mayorkas, who has been nominated to be the deputy secretary of Homeland Security – and who could soon run the department – is under investigation by the department’s inspector general.” Why is Mayorkas being investigated? Because he allegedly broke ethics rule by | Read More »
McAuliffe’s stalled electric car company salary raises funding scheme questions
At this point the failures and false promises of Virginia Democratic gubernatorial candidate Terry McAuliffe’s electric car company, GreenTech, have been well documented.
For those who need a refresher, Clinton fundraiser and party insider McAuliffe re-christened himself a ‘Virginia businessman’ in his second quest for the Old Dominion governorship and touted several supposed job-creating ventures on the campaign trail, one being a wood pellet firm that has yet to become operational, and another was GreenTech Automotive, which he pledged would create thousands of jobs.
First, it was revealed that those promised jobs were to be created in Mississippi, not Virginia. Then, McAuliffe was caught fibbing about why the company chose to locate outside the state, claiming Virginia authorities had rejected their application before it was made clear that GreenTech had never completed its application materials. Then the revelation that Virginia officials were concerned that the company was “a visa-for-sale scheme” given its lack of a credible business plan and utilization of the EB-5 funding mechanism, which hands out U.S. visas to foreign investors (more on this later).
Eventually, it came out that McAuliffe had resigned from GreenTech in December 2012 despite continuing to use his role with the company as a key talking point as he campaigned around Virginia.
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