McAuliffe hones China’s crony-capitalism model in U.S McAuliffe really is a master of the Chinese-style “crony capitalist” model. It’s a system where political connections, government favors and even some thuggery determine the success of an enterprise. The GreenTech controversy is magnified because of its many political connections to the federal government. It’s owned by Virginia gubernatorial candidate Terry McAuliffe. This puts McAuliffe in the center of the "Next DC Scandal."
In the former Soviet Union, the joke was “They pretend to pay us and we pretend to work.” It took over four decades of the Cold War to finally put an end to the lie that Communism as an economic system works. From "Living in a Communist Economy" http://www.teapartynation.com/forum/topic/show?id=3355873%3ATopic%3A2594162&xgs=1&xg_source=msg_share_topic
Whistle-blower speaks out on WMC Action News 5 against Terry McAuliffe’s GreenTechThere was no evidence of any car production. It was all show. Employees were told to appear as if they were working. "We would stand over the car with tools in our hand and look like we were doing something to the car, but we wasn't doing anything," said the former employee. Watch the video: Click HERE
VIDEO: The next DC scandal?
Watch the video here: http://watchdog.org/97554/video-fox-news-looks-at-possible-scandal-involving-greentech-funder-homeland-security/ from Fox News yesterday discussing a potential new scandal brewing around Alejandro Mayorkas, President Obama’s choice for the No. 2 job at the Department of Homeland Security, Terry McAuliffe, and others.
McAuliffe company pressed Homeland official on 81 investor visasIs this cronyism at work? Get the facts here!
Emails between Alejandro Mayorkas and attorneys working for GreenTech Automotive show the company pressed the U.S. Citizenship and Immigration Services director to speed processing of 81 investor applications in a federal “cash-for-visas” program after each invested at least $500,000 in the hybrid car company.
The Inspector General’s Office says Mayorkas is the subject of an investigation for allegedly helping Gulf Coast Funds Management secure a visa for at least one GreenTech investor, according to the Assoicated Press. Mayorkas is President Obama’s nominee for the No. 2 position in the Department of Homeland Security.One of the visas sought by Gulf Coast is for an official with a Chinese telecommunications firm that has been investigated by the House Intelligence Committee over claims it has close ties with Chinese intelligence, NBC News reported.
The GreenTech controversy is magnified because of its many political connections to the federal government. It’s owned by Virginia gubernatorial candidate Terry McAuliffe, who announced his resignation as company chairman in April amidst an intense investigation by Watchdog. The company’s fundraising arm, Gulf Coast, is headed by Bill Clinton’s brother-in-law Anthony Rodham. United States Citizenship and Immigration Services (USCIS) authorized the company to solicit investors through the government’s EB-5 program, which awards visas to foreign investors.
Virginia officials also worried about the close ties between Gulf Coast and GreenTech. “We believe that having the principals of the Regional Center be the same as the principals of the company benefiting from the investment creates a conflict of interest,” wrote VEPD Chairman Jeffrey Anderson to Virginia Secretary of Commerce and Trade Patrick Gottschalk.
The legal database Lexis/Nexis shows GreenTech and Gulf Coast are related, sharing the same McLean, Va., address through February 2013.
“Until questions regarding the plant are answered and a complete financing solution is identified, we recommend that the Governor decline the opportunity to support the expansion into Virginia of the Gulf Coast Funds Management LLC Regional Center affiliated with GTA,” Anderson wrote in 2009.
Virginia government officials finally nixed the idea of a plant there. McAuliffe ultimately located the plant in Mississippi and has yet to construct the building that he says will be its permanent facility.
Part 36 of 39 in the series Terry McAuliffe, gubernatorial candidate and carmogul
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