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August 17, 2012 Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukrain
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.
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.
Understandably, during a speech during a diplomatic trip to Ukraine in 2009, Biden described John Hynansky as “my very good friend, John Hynansky, a very prominent businessman from Delaware. … I had breakfast with him the other day.”
Watch Biden’s comment on Hynansky at 4:37:
The revelation that Biden’s “very good friend” and donor, John Hynansky, received a taxpayer loan to open a business selling foreign luxury cars in a foreign country using foreign labor stands in stark contrast to the Obama-Biden 2012 campaign charges that the Mitt Romney-Paul Ryan campaign stands for breaks for big business and shipping American jobs overseas.
OPIC originated as, and has pretty much always been, a Republican program. It was started by the Nixon administration and has been praised by every Republican administration since.
OPIC originated as, and has pretty much always been, a Republican program. It was started by the Nixon administration and has been praised by every Republican administration since.
What's the problem with this loan again? Exactly?
Quote:
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical world challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets, catalyzing revenues, jobs and growth opportunities both at home and abroad.
Please tell me how building a Porsche/Land Rover dealership in Ukraine helps "solve critical world challenges...and...advances U.S. foreign policy." Further, how does a Porsche/Land Rover dealership "catalyze....jobs and growth opportunites....at home"?
Is there anything at all that you won't politically hack in order to protect your God, Barack Obama?
Please tell me how building a Porsche/Land Rover dealership in Ukraine helps "solve critical world challenges....advances U.S. foreign policy." Further, how does a Porsche/Land Rover dealership "catalyze....jobs and growth opportunites....at home"?
1. It improves the financial circumstance of a US ally in a very sensitive geopolitical area.
2. It builds good will abroad.
3. It generates profits for an American company that will be repatriated to the US.
Please... try tossing me a hard question. Softballs like those are boring.
OPIC was started by the Nixon administration, and has been strongly supported by every Republican administration since.
What's the problem here? Exactly?
Well, aside from Nixon being a crook, and him being the man who took us completely off the gold standard ... since then, we've run into a few financial issues, in case you haven't been paying attention.
That's the problem ... exactly.
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August 17, 2012 Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukrain
