This blog originally founded by Blogger who holds a theological degree and a doctorate in Counseling Psychology. Taught Psychology for 32 years and is now Professor Emeritus. Is a board-certified psychologist and was awarded the Lifetime Achievement Award in his profession. Ministered as a chaplain, and pastored Baptist and Episcopal churches. Publications cover the integration of psychology and theology. Served in the Army, the Merchant Marines and the Peace Corps.

Friday, August 17, 2012

Would the Obama Administration Loan YOU $20 MILLION?

Well....maybe they would. IF you are a campaign contributor, a friend of VP Joe Biden or some other "worthwhile" candidate. You could then use the money to open up a car dealership. OK, that should help our unemployment rate, right? Or, at least the unemployment rate in the Ukraine where the dealership is to be located. "BUT", you say, "It will create a market for our American cars to be sold!"! Well, except that the dealership will be selling Porsche, Land Rover and Jaguar autos!

See article in The Daily Caller

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.”

1 comment:

Jus' Sayin' said...

Obama is trying to get it all spent before he leaves in January! Apparently he had a little left in the Solyndra account when they went bankrupt.