Terry McAuliffe was a legendary Clinton fund raiser. Al Gore called him “the greatest fundraiser in the universe.”
McAuliffe also had the Midas Touch. In 1998 he invested $100,000 into something called Global Crossing and within 18 months had $18 million in his pocket. In less than four years Global Crossing went bankrupt, but McAuliffe knew to cash out well ahead of that. There’s more of this sordid affair here.
McAuliffe is the person who put the White House up for auction.
According to one source, “McAuliffe’s soft money strategy was responsible for President Clinton’s 1996 scandal concerning the Lincoln Bedroom sleepovers and the White House coffees, two tactics employed to solicit huge donations from wealthy friends and patrons of the Clintons.”
McAuliffe convinced the gullible Huffington Post that he is committed to green energy and green jobs.
The former Democratic National Committee chairman and father of five has gone on a green crusade to bring renewable energy jobs and industrial dynamism to his home state. The Commonwealth of Virginia is today at a cross-roads between old and new, between colonial conventional and diverse cosmopolitan, and it shares in the suffering that all states now experience, lack of jobs.
Whenever you hear a democrat talking green, think green- as in dead Presidents. And hang on tightly to your wallet. I have also noticed that as soon as someone says the word “green” or “renewable” left wingers stop thinking.
Yes, it’s the same and he is back in China, and back in the fundraising business. This time, he promises to bring 300,000 cars to China. Made in America by Americans. Assembled in China. In that new factory which is going up behind the two gentlemen.
How exactly could this be done profitably?
McAuliffe has joined something called Greentech Automotive:
Wang is CEO, McAuliffe is Chairman. According to some accounts, Xiaolin “Charles” Wang was still with Yang Rong a.k.a. Benjamin Yeung when Greentech was founded in 2006. According to the puff-piece Wikipedia article, the founding happened 2008, and Hybrid Kinetic did never exist in Wang’s illustrious career.
and is now raising funds for that company. Greentech Automotive has been described this way:
“Greentech Automotive is the hybrid vehicle firm founded by the former CEO of Brilliance with plans to build a plant in Mississippi with funds raised through the EB-5 visa program. Not to be confused with Hybrid Kinetic Motors, the hybrid vehicle firm founded by the former Chairman of Brilliance with plans to build a plant in Alabama with funds raised through the EB-5 visa program.”
The EB-5 visa program?
Both (Greentech and Hybrid Kinetic) attracted investors via the EB-5 visa program, a scheme which the Center for Immigration Studies along with many others call either “a scam” or “investor fraud.”
Allegedly, if someone invests $500,000 in an underprivileged part of America, green cards for the “investor” and the immediate family beckon. There are a lot of Chinese who paid much more to enter the U.S. illegally, so that’s considered a great deal. Some killjoys claim the investment must be “active” and the investor must be involved in managing the company. Minor detail.
Alabama is considering throwing millions at HK Motors, to which Edmunds Automotive has said
“Pouring millions of state funds into an untried automaker headed by an entrepreneur with a question mark hanging over his head (he says he’s done nothing wrong, that the charges against him in China are politically motivated) is something that’s ought to require a heck of a lot of due diligence on the part of state officials.”
More on Yang Rong, the President of Hybrid Kinetic Motors:
“But in 2002, after feuding with a Chinese provincial governor over the location of a new factory, Yang found himself charged with unspecified economic crimes. He fled the country under a false passport for Los Angeles, where he joined his wife and four children. Most of his own personal wealth had to be abandoned in China.”
Automotive News missed the good part. The dispute was about more than a location of a plant. It was about who owns what of Brilliance, a company that became the first Chinese corporation listed at the NYSE after 50 years. According to this account in the China Auto Review, Yang “was forced out as chairman of Brilliance China and served a warrant for allegedly committing “economic crimes of embezzlement of state assets” in late 2002.” Here is one of the many lengthy court documents, in case you have the time.
Wang was Rong’s lawyer.
A legal fallout between Yang and Wang split Greentech into two entities- Greentech and HK Motors.
Now Greentech and HK Motors are competing, promising new plants and thousands of jobs for either Alabama or Mississippi.
And this is supposed to turn the city of Ordos, Mongolia into a new Detroit.
Ordos is a city built for a million people.
It stands empty today.
And Terry McAuliffe is the chief fund raiser for Greentech. This is supposed to be a green initiative, but it smells like a landfill. The Green Revolution has seen AL Gore’s net worth skyrocket to $100 million. It seems McAuliffe wants in too.
If you recall the movie “Ghostbusters” you’ll remember that slime was always green.