Thursday, May 12, 2016

Scumbag of the Year

      We all know that the Clintons have had relationships over the years with scumbags like themselves, many of whom have spent time in prison or managed to skirt the legal system due to their relationship with the Clintons, but none of them come close to Terry McAuliffe, the current Governor of Virginia in regard to sliminess.
      McAuliffe began his unethical and even criminal ways at an early age.  In 1979 at the ripe old age of 22, he was placed in charge of fund raising for Jimmy Carter's run at reelection for the 1980 presidential election.  He obtained this position through  Richard Swann, a powerful lawyer,  major Democrat fundraiser, future business partner, and future father-in-law. He then moved on to law school at Georgetown University.  Fresh out of law school he helped found the City National Bank in Washington, DC and by 1988 he had been elected chairman by the bank's board of directors making him the youngest bank chairman in the country at age thirty.  He also married Swann's daughter and invested $800,000 in Swann's American Pioneer Savings Bank.  APSB when belly up like many S&L in the late 1980s and for political reasons the very people who ran these S&Ls got first choice of the key properties, a crime in itself.  McAuliffe then got first choice of the best properties for a big discount  He only had to invest $100 of his own money for $60 million worth of property.  He partnered with the International Brotherhood of Electrical Workers union to pick up all of the costs.  He made millions off of this deal.
      It was McAuliffe who came up with the fund raising scheme of selling the Lincoln bedroom for political contributions, but his 1996 presidential election scheme took first prize. Donors no matter how wealthy are limited into how much they could contribute to a presidential candidate's election campaign, but there is no such low limit for labor unions. The Teamsters were running a presidential election at the same time, so McAuliffe got wealthy Democrat Party contributors to "donate" $50,000 for the union election.  The Teamsters Union would then "launder" the money and donate it to Clinton.  This is illegal and several union officials eventually went to prison, but not Terry McAuliffe.  Congress tried on several occasion to have him testify under oath, but cooked Attorney General Janet Reno said he was under investigation and couldn't testify.  Bush, when he was elected, failed to follow through with the investigations that never really took place and McAuliffe was home free.
     As a reward to the Clinton's, McAuliffe cosigned on the $15,000/mo mortgage for the Clintons' new home that would allow Hillary to establish residence in New York at  Chappaqua,  (though tax payers now pay the mortgage anyway), and he was rewarded with the position as head of the DNC.
As a political insider McAuliffe put up $100,000 for  Global Crossing stock before the company went public.  He then sold his stock after it went public and when it was at its peak for an $8.1 million profit.  Global Crossing went bankrupt shortly thereafter and is known as the Enron of telecommunications.
      He had a failed run at the Virginia governorship in 2010 and lost in the primary, but was elected in 2014 with less than 50% of the vote.  Prior to his election he got involved with some Chinese businessmen and Anthony Clinton, Hillary's brother in an electric car company GreenTech Automotive and in Gulf Coast Funds Management, a company that secures EB-5 visas, operating out of Louisiana with the help of then Louisiana governor Kathleen Blanco (D).   After leaving office, Blanco became an officer in the company.   So far this has amounted to little more than a scheme to sell EB-5 visas to Chinese businessmen investors.  Using his ties to Bill and Hillary Clinton, McAuliffe sought a much speedier approval of the visas that often take up to 24 months.  Putting pressure on Immigration and  Homeland Security officials via powerful politicians and massive over inflating employment and production figures of 25,000 and 1 million cars, the process was shortened.  (the Ford plant in Kansas City, Mo., the largest in the US has only 4,000 workers and over a ten year period a total of 9 million cars are manufactured). He also managed to involve Haley Barbour (R0 Mississippi governor and both of Mississippi's Republican US Senators in the process.  Barbour became an officer in the company.  Both McAuliffe and Anthony Rodham made millions though a series of shell and interlocking companies.  Only a handful of cars have been built to date.  I could locate no real production figures.  Conflict of interest was found in numerous investigations, but little if anything in the way of fines or punishment has resulted.
      Despite his crooked and slimy history,  McAuliffe became governor of Virginia.  Now he has come of with the biggest pieces of slime ever. He has issue a gubernatorial order that would reinstate voting rights to 200,000 Virginia criminals just in time for the 2016 Presidential election.  Criminals that have served their time can apply to have all of their rights restored, but this is a somewhat lengthy and individual process.  How do you think these former felons will vote? McAullife's order reeks of Clinton's pardon of Puerto Rican terrorists prior the New York senatorial election in which Hillary was running.  This guy deserves to be in prison for a long time, along with those who have aided and protected him, not serving as the governor of Virginia.

1 comment:

  1. Thanks for the insight Doc.
    Why on earth are we stupid enough to elect these people?

    ReplyDelete