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Biden - Tology
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<blockquote data-quote="moreluck" data-source="post: 1010208" data-attributes="member: 1246"><p>Gee, the gov't has foreign investments too....why do they single out Romney?</p><p></p><p></p><p>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.</p><p></p><p>According to <a href="http://www.opic.gov/sites/default/files/files/072612-llcwinterimports.pdf" target="_blank">a public summary document</a>, 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.”</u></p><p><u>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.</u></p><p><u></u></p><p><u>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.”</u></p></blockquote><p></p>
[QUOTE="moreluck, post: 1010208, member: 1246"] Gee, the gov't has foreign investments too....why do they single out Romney? 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 [URL="http://www.opic.gov/sites/default/files/files/072612-llcwinterimports.pdf"]a public summary document[/URL], 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.”[/u] [/QUOTE]
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