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The President & the Executive Branch Discuss Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car at the Political Forums; Who says Obama doesn't create jobs?!?!...Look!...Here's $20 million worth...In the Ukraine...for his major contributor... Biden’s ‘good friend,’ donor receives $20M ...

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Old 08-17-2012, 02:24 AM
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Default Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car

Who says Obama doesn't create jobs?!?!...Look!...Here's $20 million worth...In the Ukraine...for his major contributor...

Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukraine

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In late July, John Hynansky — a longtime friend of Vice President Joe Biden, and a major donor to Biden’s campaigns as well as President Barack Obama’s — was awarded a $20 million taxpayer loan to build a foreign-car dealership in Ukraine.

According to a public summary document, the loan, from the federal government’s Overseas Private Investment Corporation, is for “[u]p to $20.0 million,” and is designed to “expand Winner Import Ukraine’s 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.”

Porsche is a German-made luxury and sports car, and Jaguar Land Rover is a British luxury and sports car company owned by an Indian subsidiary.

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.”

Along with his family, Hynansky and his family also own car dealerships in Pennsylvania and Biden’s home state of Delaware.

Since at least 1999, Hynansky and his family have been regular donors to Biden’s campaigns, and, later, Obama’s. John Hynansky has donated 7,690 to a combination of Biden’s Senate campaigns and failed presidential campaign; Michael Hynansky donated $7,690; Alexandra Hynansky donated $7,280; Deanne Hynansky donated $4,645; and Susan Hynansky donated $1,000 — coming to a total family donation of $28,715.

During Obama’s 2008 run for president, John Hynansky gave $30,800 to the Obama Victory Fund; Alexandra Hynansky gave $2,550; and Deanne Hynansky gave $2,000 — totaling 35,350 to that campaign.
The next time someone says how Romney sends jobs overseas, show them this...

I'm kidding, of course...Obama supporters will wave it off and pretend it never happened...
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Old 08-17-2012, 09:29 AM
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Default Re: Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury ca

Could someone explain to me just how this can possibly be justified as being good for us... If you want to build better relations with Ukraine, then why not put the money into hospitals, schools, infrastructure or the like?? But to build a luxury car dearership selling cars that aren't even American made seems like a major waste to me.
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Old 08-18-2012, 05:03 PM
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Default Re: Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury ca

I'm waiting for the "spin" on this.
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Old 08-18-2012, 10:35 PM
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Default Re: Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury ca

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Originally Posted by 40yearfan View Post
I'm waiting for the "spin" on this.
American tax dollars helped sell foriegn cars, on foreign soil, and that meant they could donate to obama. You see that actually helps us.
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