Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukraine
By Christopher Bedford. 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 also owns car dealerships in Pennsylvania and Biden’s home state of Delaware. Read more from this story HERE.
Biden sent home to Delaware to start weekend early
By Neil Munro. The updated White House calendar for Aug. 17 reports that “in the morning, the Vice President will meet with senior advisers. Later, the Vice President will be in Wilmington, Delaware.”
“There are no public events scheduled,” said the 5:36 p.m. White House announcement, titled “Daily Guidance for the Vice President.”
Biden’s retreat home during the increasingly frenetic 2012 race comes amid increased criticism for his campaign-trail performance.
Biden was slated to share an uncomfortable lunch with President Barack Obama on Thursday, following his disastrous week on the campaign trail, which culminated with a racially inflammatory warning to African-American supporters that Mitt Romney will “put y’all back in chains.”
The flubs revived chatter about whether the president will drop Biden, and seek a substitute vice president to win the tough 2012 race. Read more from this story HERE.
New Video Regarding Biden Unveiled After Obama Voices “Confidence” in Biden: