Skip to comments.Biden’s ‘good friend,’ donor receives $20M federal loan...
Posted on 08/17/2012 6:02:29 AM PDT by SumProVita
...to open foreign luxury car dealership in Ukraine (Title)
According to a public summary document, the loan, from the federal governments Overseas Private Investment Corporation, is for [u]p to $20.0 million, and is designed to expand Winner Import Ukraines automobile business, [and] construct and operate Winner Autocity, which will have two new, state-of-the-art dealership facilities for Porsche and Land Rover/Jaguar automobiles.
Under U.S. Economic Impact, the summary document says, This project will have a positive developmental impact on the host country, Ukraine. The project will generate a significant number of new local jobs. Running a dealership for premium automobile brands requires a highly trained sales force, mechanics, accountants, communications and advertising specialists, IT specialists, service personnel, warehouse managers, and customer relations specialists.
(Excerpt) Read more at dailycaller.com ...
So... Obama takes over GM
Closes all the Republican Owned auto dealerships...
And then allows his good friends to open them?
I guess they hoped for change and got some.
Suddenly, I’m more curious to see Biden’s college transcripts than Obama’s.
I haven’t had a good old belly chuckle in a while.
After Biden receives the Vice Presidential nomination in Charlotte, hammer the Dems every day with this. Corruption of this sort gets the attention of everyday folks. They understand “be Biden’s BFF - get 20,000,000 federal dollars.” Then tie this to all of the DOE dollars that have gone to now bankrupt companies with ties to big Obama bundlers. They will understand that too.
This is good....short... and will give you another “belly chuckle.”
Why we need Biden:
This is gross corruption. They contribute $35k, bundle some more, and get a $20 Million loan? And the development is to do what—sell Porsches, Jaguars, and Land Rovers in the Ukraine? How does this benefit any US interest except Biden’s friend’s personal fortune?
Joe Biden, with no other visible means of support then his long term job in Congress, is a multimillionaire with a huge mansion/compound. His kids are lobbyists. Whose influence do you think they’ve been peddling?
No, no! The best part of the deal is NO INTEREST / NO PAYBACK!
This is going to put Y’all in chains.
Pray for America
“There ain’t no ticks like poly-ticks. Bloodsuckers all.”
-Davy Crockett (unsourced)
Semper Politicians !!!!!
The only activities this will increase in the US will be a rise in the theft of new luxury cars with a concurrent rise in insurance rates and sophisticated alarm system sales
This is gross corruption.
I thought it was his "foreign policy expertise" that got him the VP job! /s
You can bet that a goodly chunk of that $20 million is going to be siphoned off for bribes here and there.