Hugh Rodham, the disgraced brother of Hillary Clinton, led the company’s fundraising efforts. This of course is same Hugh Rodham responsible for the ethically dubious “legal services” to secure pardons from his brother in law, the 42nd President of the United States. One of Obama’s top campaign and cabinet officials, Rick Wade, is GreenTech’s vice president. Wade served as interim director, chief of staff and spokesman of Obama’s Department of Commerce, where he helped craft the $787 billion stimulus bill chock full of subsidies to other green energy boondoggles.
Perhaps most disturbing, Watchdog.org found that the company’s funding relied on a "cash for visas" program to attract foreign investment. Under the controversial EB-5 visa program, foreign nationals who invest $500,000 in U.S. companies are eligible for green cards for themselves and their families -- permanent U.S. residency. The Boston jihadists didn’t need a half million dollars to get here, but there’s no reason some well-funded terrorists couldn’t. This is exactly the kind of approach the Obama administration loves – looking the other way while people who hate our freedoms wallow their way onto our shores.
The scheme raised hackles when in 2009 GreenTech approached Democratic governor of Virginia Tim Kaine for state grants and subsidies to build their plant. Even Kaine officials had enough sense to turn this hare-brained scheme down. Officials were horrified when they evaluated the business plan. One labeled McAullife’s business “a visa-for-sale scheme with potential national security implications that we have no way to confirm or discount.”
Crony capitalism has reached new heights of audacity in the Obama era, but lest we forget, Republicans can be enticed too. When Virginia's concerns went unaddressed, McAuliffe went to Mississippi, where he found a warm welcome and an enticing mix of government handouts and tax holidays amounting to more than 8 million from Republican Governor Haley Barbour. There the company also got income and franchise tax exemptions for ten years.
Now that he is running for the highest office in Virginia, McAuliffe, the former chair of the Democratic National Committee and top fundraiser for Hillary Clinton’s 2008 run, is trying to walk away from the radioactive disaster that is GreenTech. He claims he “resigned” from the company in December 2012, just as Watchdog.org began publishing its findings, but his resignation letter didn’t become available until four months later. Even the New York Times is now in on the act – talking about the scandal this company may wreak on the McAuliffe campaign. When the New York Times gets something right, you know it’s time to start paying attention.
McAuliffe likely hopes the headlines will go away, that his company’s lawsuit will succeed in intimidating others from reporting the facts, and that he can breeze to victory against the Republican Attorney General of Virginia Ken Cuccinelli. Well not if the citizen journalists of America, and fearless groups like the Franklin Center, have anything to do with it, We’re going to be sure GreenTech remains an albatross around McAuliffe’s neck until he’s defeated on November 5, 2013.