A 2009 Private Placement Memorandum designed to raise $50 million for GreenTech Automotive, the company where Virginia Democratic gubernatorial nominee Terry McAuliffe served as chairman from March 2010 until December 2012, stated that the startup company’s electric and hybrid vehicle operations are a “good business opportunity” due to the expectation that stricter emission standards will be enacted in the United States.
This new revelation supports the perception that McAuliffe is not the entrepreneur he claims to be, but is instead a major beneficiary “Clintonism”—the use of government programs and powers for the self-enrichment of a small group of insiders. As Bill Clinton’s chief fundraiser and former Chairman of the Democratic National Committee, McAuliffe is the ultimate Clinton insider.
So McAuliffe pitched Greentech on the basis that stricter emission standards would drive people towards his car company… effectively consisting of glorified golf carts?
Dirrrrty…
…and this guy wants to be governor?
Breitbart has been taking the baseball bats to T-Mac over the last few weeks. No matter how dirty Governor McDonnell might be, Terry McAuliffe doesn’t get any cleaner — that’s for sure.
