mead cohen berger shevtsova garfinkle michta grygiel blankenhorn
Green Cronyism May Sink Virginia Democratic Candidate

TerryChairman of Hillary Clinton’s 2008 campaign and a Democratic mega-fundraiser, Virginia gubernatorial candidate Terry McAuliffe was until recently chairman of GreenTech Automative, a foundering “green” automaker that can’t seem to create either the cars or the jobs it once promised. McAuliffe’s Republican opponent has predictably pounced on his involvement with GreenTech, which promised 1,500 jobs but now employs only 78 people, and was projected to make 150,000 cars but only has orders for 7,000.

Worse, Virginia officials have expressed “grave doubts” about GreenTech’s business model, which was to attract Chinese investors with a “visa-for-sale scheme” and which located the company’s plant not in Virginia but in Mississippi. As the New York Times reports, McAuliffe’s campaign is now shrouded in doubt.

Via Meadia can’t help but see a cautionary tale here. Green start-ups, especially ones that depend on sweetheart political deals and government subsidies, can ruin politicians who get mixed up in them. Our advice: stay far, far away.

[Terry McAuliffe image courtesy of Shutterstock]

Features Icon
show comments
© The American Interest LLC 2005-2016 About Us Masthead Submissions Advertise Customer Service