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McAuliffe car company sues Watchdog in libel claim

By   /   April 11, 2013  /   22 Comments

Part 8 of 74 in the series Terry McAuliffe - Carmogul

NEW SUIT: Terry McAuliffe’s car company, the center of his campaign for governor, is suing Watchdog.org.

By Tori Richards | Watchdog.org

RICHMOND — A fledgling electric car company founded by Virginia gubernatorial candidate Terry McAuliffe has sued Watchdog.org following an investigation highlighting the automaker’s use of a controversial government “cash-for-visas” immigration program.

GreenTech Automotive Inc. blames Watchdog for an alleged $85-million loss after publication of two articles detailing the woes of the government immigration program, called EB-5. In one article, a financial expert criticized the EB-5 program as “a fraud.” EB-5 has repeatedly come under fire for lax oversight. An Illinois program was recently the subject of a Securities and Exchange Commission probe.

The EB-5 program was created in 1990, and offers green cards to foreign nationals who invest at least $500,000 in U.S. companies to create 10 or more jobs.

“Specifically, as a direct and express result of the articles published by Defendants … investors are wavering in their commitment to provide $25 million in investments already promised to GTA,” the lawsuit said. “GTA…intended to raise $60 million in capital, (and) is now in significant danger as a direct result of the loss of investor confidence in GTA arising from the publication of Defendants’ articles.”

Jason Stverak, president of Watchdog’s parent company the Franklin Center for Government and Public Integrity, said the lawsuit is baseless.

“As Watchdog explained in clarifications and updated versions of the articles posted on April 5, these articles were not intended to – and did not – accuse GreenTech of fraud,” Stverak said. “We are confident that GreenTech’s claims are without merit and we will continue to report on this important story.”

GTA counts among its allies Hillary Clinton’s brother, Anthony Rodham, who shares an office with GTA and is CEO of Gulf Coast Funds Management, an EB-5 center that raises visa-investor money for GTA. McAuliffe also was chief fundraiser for Clinton’s presidential bid. Bill Clinton made a high-profile visit to the company last year.

The lawsuit, accusing Watchdog of defamation and interference with business relations, was filed Monday in Mississippi where GTA says it plans to build an auto plant. On April 1 and 3, Watchdog detailed the travails of McAuliffe’s car company funding and challenges to enter the marketplace by next year.  The lawsuit also names two web sites that ran the Watchdog story, one in Chinese.

In response to McAuliffe’s 2009 request for public support of GreenTech Automotive in his home state of Virginia, then-Gov. Tim Kaine’s administration expressed “grave doubts” about the project’s viability, according to documents obtained by Watchdog.org, National Review and Washington Post.

GTA president Charles Wang could not be reached for comment.

Contact Tori Richards at tori@watchdog.org or follower her on twitter at @newswriter2.

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Part of 74 in the series Terry McAuliffe - Carmogul
  1. VA: As he runs for governor, McAuliffe wheels and deals electric cars in Mississippi
  2. VA: Media echo Watchdog exclusive on McAuliffe’s electric car maneuvers
  3. No news here: PolitFact brands Terry McAuliffe’s electric-car claim ‘false’
  4. Experts question source of McAuliffe car-company funding
  5. Terry McAuliffe on business ventures: ‘Some work, some don’t’
  6. How McAuliffe’s car company failed the Virginia test, landed in Mississippi
  7. Virginia official wants probe of McAuliffe company ‘visa-for-sale’ program
  8. McAuliffe car company sues Watchdog in libel claim
  9. Barack Obama’s GreenTech connection: Rick Wade
  10. Silence, secrecy, cops follow GreenTech’s China deal
  11. McAuliffe hones China’s crony-capitalism model in U.S.
  12. Promises keep Tunica County afloat
  13. McAuliffe company’s China hook-up: Will it work?
  14. McAuliffe car lags in Domino’s delivery
  15. McAuliffe car co. parent in off-shore tax shelter
  16. Lawmaker gives feds one more week for EB-5 answers
  17. Bolling: McAuliffe’s Mississippi package ‘attractive’
  18. Inside, execs knew McAuliffe plan had ‘substantial risk’
  19. Union darling McAuliffe and his non-union car company
  20. Did Clinton aid the birth of ‘McAuliffe’ car company?
  21. McAuliffe feels heat over GreenTech resignation
  22. TV report: One year later, ‘party is over’ at GreenTech
  23. Months after he said he left company, McAuliffe kept talking GreenTech
  24. Clinton connection: More money for McAuliffe
  25. Terry McAuliffe used loophole to avoid key SEC oversight of his car company
  26. VA officials: McAuliffe green car more politics than biz
  27. McAuliffe car company announces it’s ready to roll — again
  28. Before Watchdog, McAuliffe blamed federal officials for money trouble
  29. McAuliffe gets cash from GreenTech exec, board members
  30. Watchdog report on McAuliffe spurs FOI request to Homeland Security
  31. McAuliffe leaves GreenTech questions hanging at debate
  32. Totally wired: McAuliffe went to Napolitano to expedite company funding
  33. McAuliffe bragged about GreenTech’s cash position while begging feds for faster processing of ‘cash for visas’
  34. Investigation targets Homeland official’s relationship to McAuliffe company
  35. Even before news of federal probe, McAuliffe ducked GreenTech questions
  36. McAuliffe company pressed Homeland official on 81 investor visas
  37. Rodham company sought visa for controversial Chinese exec
  38. Immigration official says he met with McAuliffe to discuss visas for foreign investors
  39. Whiners: Mayorkas says Gulf Coast ‘continues to complain’
  40. VIDEO: Ex-GreenTech employee says little happened at Horn Lake plant
  41. Online ad to Terry McAuliffe: Drop your lawsuit
  42. National security on ‘hold’: Lawmakers press McAuliffe for answers
  43. Citizens United documentary film delves into McAuliffe, GreenTech
  44. VIDEO: Terry McAuliffe’s 15 million-square-foot car plant … in China
  45. Feds call McAuliffe car company’s use of investment program ‘possible fraud’
  46. GreenTech courted Obama’s Solyndra aide
  47. GOP legislators call for McAuliffe to answer GreenTech questions
  48. McAuliffe ‘desperate’ over documentary, Citizens United says
  49. GreenTech weighed Fisker-style federal loan
  50. Group tells Terry: Follow ‘McAuliffe Standard’ on disclosure
  51. Car and Driver races into GreenTech controversy
  52. Congressman: McAuliffe owes Virginians explanation about White House meeting
  53. Feds loosen oversight as McAuliffe car company makes mysterious management change
  54. GreenTech execs use Times and ABC to throw McAuliffe under the (non-electric) bus
  55. Aide in union contribution swap hosts California fund-raiser for McAuliffe
  56. Despite denials, docs show McAuliffe company asked feds to fast-track visa for investor tied to spy list
  57. Former Democrat Party director was on GreenTech payroll
  58. More bad news for McAuliffe car company as GreenTech China venture stalls
  59. Clinton Foundation posts deficits on McAuliffe’s watch
  60. VIDEO: GreenTech record dogs McAuliffe at energy forum
  61. Auto industry expert labels McAuliffe electric car ‘preposterous’
  62. Democratic leaders have their own Bain pain in Mideast private equity deal
  63. Hillary PAC adviser served as GreenTech spokeswoman
  64. New emails add evidence McAuliffe pressed U.S. officials to approve GreenTech funding
  65. After endorsement, Post shrinks facts to cover Terry McAuliffe
  66. Ties that bind: Following the McAuliffe-Clinton money trail
  67. McAuliffe tilts at windmills; Chinese venture goes bust
  68. Federal investigations cast shadow over McAuliffe on Election Day
  69. DHS inspector over GreenTech-McAuliffe case is under investigation
  70. McAuliffe names former GreenTech employee secretary of commonwealth
  71. McAuliffe lawyers, accountants sort GreenTech stock amid federal investigations
  72. Nuking filibusters, Dems clear way for Mayorkas at Homeland Security
  73. U.S. judge hands Watchdog a victory over VA governor’s green-car company
  74. Attorney: McAuliffe is ‘100 percent divested’ of GreenTech

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Tori Richards is a Pulitzer Prize-nominated reporter who has covered some of the biggest news in the world during her 25 years in the business. She has also won a dozen national and local writing awards for her coverage of the judicial system. Richards has worked for CBS News, Bloomberg, Reuters. Agence-France Presse, the NY Post, the NY Times and The Daily among others. Her work has also appeared on CNN.com, FoxNews.com and US News & World Report. Some of her biggest stories included the cases of OJ Simpson, Michael Jackson, the Aryan Brotherhood and the Night Stalker.

  • http://www.facebook.com/cindy.molden.jordan Cindy Lou Jordan

    He’s ignorant. What did he believe investors were going to WANT to pay for illegal immigration?!? Why would they want to lose THEIR investors also? The USA is in a rage over the LACK of immigration control & the freeing of thousands of illegal criminals onto our streets already! I believe he needs to get a brain or conscience along with the rest of DC.

  • fact139

    Serving the transnational criminal elite (aka the banksters, such as the
    Rockefellers and Rothschilds) who have hijacked America and the rest
    of the planet, there is a mob of opportunistic con artists and
    scoundrels (Bill Clinton, Al Gore, and Donald Rumsfeld come to mind)
    using government to enrich themselves with a myriad of criminal
    schemes.

  • jb willikers

    Good for Watchdog!! You must be salivating to start doing discovery on McAuliffe and GreenTech. Send them a document request and watch this suit fold in …3,2,1.

  • markbuehner

    Oh boy, Discovery.

  • Bob K

    The video game Grand Theft Auto is also known by the acronym GTA. Ohh the irony!

  • ThomasD

    Does Virginia offer any sort of anti SLAPP protections for the watchdog group?

  • http://www.facebook.com/richard.swier Richard M. Swier

    Congratulations to Watchdog! You are now in the big leagues. Big stories based upon great investigative journalism will draw the ire and fire of those who have something to hide. Keep up the great work! What you do, exposing fraud, waste and abuse is needed now more than ever.

  • Laka

    If you had no idea who Terry McAuliffe was, this lawsuit ought to be more than enough to reject his candidacy.

    Does he really think his fail had nothing to do with his harebrained scheme, his dumb-a$$ business model, and his unproven product?

    It’s creepy that he blames it on some little-known articles about some little-known government program. It’s really creepy when a politician expects a government program to make him super-rich. And it’s super-creepy when an American politician sues a newspaper.

  • Laka

    The Rothschilds!? Give me a f’ing break here Goebbels! Your conspiracy theories are 100 years out of date.

  • http://www.norbitpeters.blogspot.com/ Norbit Peters

    IMMEDIATELY COUNTER-SUE!
    Conservatives must use the court system as a political tool just as liberals have done for years!

  • http://www.norbitpeters.blogspot.com/ Norbit Peters

    This is a MUST SAVE litany of Obama’s documented history and stated intent to:
    – DIVIDING BY CLASS
    – DIVIDING BY RACE / ETHNICITY
    – DIVIDING BY SEX
    Each section is fairly long but with scores of damning quotes and conduct to expose who this social and political arsonist is. COPY/PASTE & read through each section. You’ll be SHARING a lot of what’s here!

    The first section below is
    I) DIVIDING BY CLASS:

    Obama the Chicago Community Organizer: From the mid- to late 1980s, Barack Obama worked as a community organizer in Chicago. Thomas Sowell, the eminent Hoover Institution Fellow, offers this concise explanation of what community organizers do:

    “For ‘community organizers’ … racial resentments are a stock in trade…. What does a community organizer do? What he does not do is organize a community. What he organizes are the resentments and paranoia within a community, directing those feelings against other communities, from whom either benefits or revenge are to be gotten, using whatever rhetoric or tactics will accomplish that purpose.”

    Obama Uses Saul Alinsky Tactics to Foment Class Resentments: Three of Barack Obama’s mentors in Chicago were trained at the Industrial Areas Foundation, founded by the famed godfather of community organizing, Saul Alinsky. In the Alinsky model, “organizing” is a euphemism for “revolution”—where the ultimate objective is the systematic acquisition of power by a purportedly oppressed segment of the population, and the radical transformation of America’s social and economic structure. The goal is to foment enough public discontent, moral confusion, and outright chaos to spark the social upheaval that Marx and Engels predicted.


    But Alinsky’s brand of revolution is not characterized by dramatic, sweeping, overnight transformations of social institutions. As Richard Poe explains, “Alinsky viewed revolution as a slow, patient process. The trick was to penetrate existing institutions such as churches, unions and political parties.” Indeed, Alinsky advised organizers and their disciples to quietly, unobtrusively gain influence within the decision-making ranks of these institutions, and to then introduce changes from those platforms. Obama himself taught workshops on the Alinsky method for several years.


    Alinsky said:

    “The people of America live as they can. Many of them are pent up in one-room crumbling shacks and a few live in penthouses.… The Haves smell toilet water, the Have-Nots smell just plain toilet.”
    “[The community organizer] must first rub raw the resentments of the people; fan the latent hostilities to the point of overt expression. He must search out controversy and issues, rather than avoid them, for unless there is controversy people are not concerned enough to act…. [His function is] to agitate to the point of conflict [and] singl[e] out [precisely who is to blame for the] particular evil [that is the source of the people’s angst]…. Pick the target, freeze it, personalize it, and polarize it…. [T]here is no point to tactics unless one has a target upon which to center the attacks.”

    Obama’s Introduction to ACORN and Project Vote, Groups That Pit the Poor and Nonwhite Minorities Against the Rest of Society: In the early to mid-1990s, Obama worked with the (now defunct) community organization ACORN and its voter-mobilization arm, Project Vote. In 2003, Manhattan Institute scholar Sol Stern wrote that ACORN, professing a dedication to “the poor and powerless,” in fact “promotes a 1960s-bred agenda of anti-capitalism, central planning, victimology, and government handouts to the poor.” ACORN, Stern elaborated, organized people “to push for ever more government control of the economy” and to pursue “the ultra-Left’s familiar anti-capitalist redistributionism.”

    Obama Emphasizes Inter-Group Conflict: In a 1995 interview, Obama said: “… [T]he truth of the matter is that many of the problems that Africa faces, whether it’s poverty or political suppression or ethnic conflict is just as prominent there and can’t all be blamed on the effects of colonialism. What it can be blamed on is some of the common factors that affect Bosnia or Los Angeles or all kinds of places on this earth, and that is the tendency for one group to try to suppress another group in the interest of power or greed or resources or what have you.”

    Obama Scapegoats the “Top 5 Percent”: In a December 28, 1995 interview published in the Hyde Park Citizen newspaper, Obama explained his views on income inequality in the United States: “In an environment of scarcity, where the cost of living is rising, folks begin to get angry and bitter and look for scapegoats. Historically, instead of looking at the top 5% of this country that controls all the wealth, we turn towards each other, and the Republicans have added to the fire.”

    In that same interview, Obama said that his perspective on the “top 5%” had been shaped by his experiences abroad: “It’s about power. My travels made me sensitive to the plight of those without power and the issues of class and inequalities as it relates to wealth and power. Anytime you have been overseas in these so-called third world countries, one thing you see is the vast disparity of wealth of those who are part of power structure and those outside of it.”

    Bill Ayers, Bernardine Dohrn, and Obama’s Entry into Politics: In the mid-1990s, Obama decided to try his hand at electoral politics, setting his sights initially on a state senate seat in Illinois. He launched his political career in the home of two well-connected Chicagoans, longtime activists who would help the fledgling politician make important contacts and enlarge his public profile. These two allies were Bill Ayers and Bernardine Dohrn, lifelong Marxists who in the 1960s and ’70s had been revolutionary leaders of the Weather Underground Organization, a domestic terror group that aspired to transform the U.S. into a Communist country. In 1974 Ayers and Dohrn co-authored a book that openly advocated “revolutionary war” as “the only path to the final defeat of imperialism and the building of socialism”; called for “a revolutionary communist party … to lead the struggle [to] seize power and build the new society”; and lauded socialism as the key to “the eradication of the social system based on profit.”

    “I Actually Believe in Redistribution”: At an October 19, 1998 conference at Loyola University, Barack Obama said: “There has been a systematic … propaganda campaign against the possibility of government action and its efficacy. And I think some of it has been deserved…. The trick is, how do we structure government systems that pool resources and hence facilitate some redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody’s got a shot.” At other points during his address, Obama stated that the “working poor” on welfare constituted a political voting bloc that could be harnessed to the advantage of Democrats. Specifically, he said that:

    “to the extent that we are doing research figuring out what kinds of government action would successfully make their [the working poor’s] lives better, we are then putting together a potential majority coalition to move those agendas forward”;
    the “one good thing that comes out of [the welfare-reform bill of 1996] is that it essentially desegregates the welfare population,” merging urban blacks with “the working poor, which are the other people”; and
    such a coalition becomes “one batch of folks … that is increasingly a majority population” whose policy needs would grow to encompass health care, job training, education, and a system where government would “provide effective child care.”

    Obama Equates Conservatism with Greed, and Free Markets with “Social Darwinism”: In a 2005 commencement address, Obama described the conservative philosophy of government as one that promises “to give everyone one big refund on their government, divvy it up by individual portions, in the form of tax breaks, hand it out, and encourage everyone to use their share to go buy their own health care, their own retirement plan, their own child care, their own education, and so on.” “In Washington,” said Obama, “they call this the Ownership Society. But in our past there has been another term for it, Social Darwinism, every man or woman for him or herself. It’s a tempting idea, because it doesn’t require much thought or ingenuity.”

    The “Rich” Should Pay More Taxes: During a June 28, 2007 primary debate at Howard University, candidate Obama was asked, “Do you agree that the rich aren’t paying their fair share of taxes?” He replied, “There’s no doubt that the tax system has been skewed. And the Bush tax cuts — people didn’t need them, and they weren’t even asking for them, and that’s why they need to be less, so that we can pay for universal health care and other initiatives.”



    Calling for a Capital Gains Tax Hike: In an April 2008 Democratic primary debate, Obama was asked, by journalist Charlie Gibson, a question about his proposal to nearly double the capital gains tax (from 15 percent to 28 percent). Said Gibson: “… In each instance when the rate dropped [in the 1990s], revenues from the tax increased. The government took in more money. And in the 1980s, when the [capital gains] tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?”
 Obama replied that he wished to raise the tax “for purposes of fairness…. [T]hose who are able to work the stock market and amass huge fortunes on capital gains are paying a lower tax rate than their secretaries. That’s not fair.”

    Higher Taxes for the Wealthy: In a September 2008 Fox News Channel interview, Obama pledged to cut taxes for 95 percent of Americans, while raising taxes on those who earn more than $250,000: “Teddy Roosevelt supported a progressive income tax…. If I am sitting pretty and you’ve got a waitress who is making minimum wage plus tips, and I can afford it and she can’t, what’s the big deal for me to say, I’m going to pay a little bit more? That is neighborliness.”

    “Spread the Wealth Around”: At an October 2008 campaign appearance in Ohio, Obama was approached by a man named Joe Wurzelbacher (“Joe the Plumber”). Obama said that a tax increase on businesses like Wurzelbacher’s was justified because it would enable the government to give tax breaks to people earning considerably less than $250,000. “I think when you spread the wealth around, it’s good for everybody,” said Obama.

    “Fat-Cat Bankers”: During a December 2009 interview broadcast on CBS’ 60 Minutes, Obama said: “I did not run for office to be helping out a bunch of, you know, fat-cat bankers on Wall Street.”

    “At Some Point, You’ve Made Enough Money”: On April 28, 2010, President Obama was in Illinois making a speech about a proposed Wall Street reform bill. He criticized Wall Street lobbyists for trying to dilute the bill’s most stringent provisions, saying: “We’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money, but you know, part of the American way is, you can just keep on making it if you’re providing a good product or you’re providing a good service.”

    Obama Opposes Tax Cuts for Top Earners: On September 8, 2010, the Associated Press reported: “President Barack Obama strongly defended his opposition to extending Bush-era tax breaks for the wealthiest Americans on Wednesday and delivered a searing attack on Republicans and their House leader for advocating ‘the same philosophy that led to this mess in the first place.’ Obama said the struggling U.S. economy can’t afford to spend $700 billion to keep lower tax rates in place for the nation’s highest earners…. ‘We should not hold middle class tax cuts hostage any longer,’ the president said. The administration ‘is ready this week to give tax cuts to every American making $250,000 or less,’ he said.”

    The “Rich” Should Pay More Taxes: In an April 13, 2011 speech on the topic of debt reduction, President Obama said: “In the last decade, the average income of the bottom 90 percent of all working Americans actually declined. Meanwhile, the top 1 percent saw their income rise by an average of more than a quarter of a million dollars each. That’s who needs to pay less taxes?… There’s nothing serious about a plan that claims to reduce the deficit by spending a trillion dollars on tax cuts for millionaires and billionaires.”

    Obama Says the “Occupy Wall Street” Movement Reflects Americans’ Frustrations: At an October 6, 2011 press conference, President Obama congratulated the anti-capitalist Occupy Wall Street activists for “express[ing] the frustrations that the American people feel … about how our financial system works”; for reminding him “what we are still fighting for”; for “inspir[ing]” him; and for being “the reason why I ran for this office in the first place.”

    Obama Calls for Tax Hikes on High Earners: On June 29, 2011, President Obama called on Republicans to drop their opposition to tax increases, saying that because “everybody else” was sacrificing their “sacred cows” for deficit reduction, GOP lawmakers should be willing to follow suit. He made six mentions of eliminating a tax loophole for corporate jets, suggesting that insufficient taxes on such jets had the effect of depriving student-loan funds or food-safety funds of their needed revenues.

    Obama Again Calls for Tax Hikes on High Earners: At a July 11, 2011 press conference, President Obama said: “And I do not want, and I will not accept, a deal in which I am asked to do nothing, in fact, I’m able to keep hundreds of thousands of dollars in additional income that I don’t need, while a parent out there who is struggling to figure out how to send their kid to college suddenly finds that they’ve got a couple thousand dollars less in grants or student loans.”

    Obama Speech on Economics and Taxes: On December 6, 2011, President Obama delivered a speech in Osawatomie, Kansas, wherein he said the following:

    “Long before the recession hit, hard work stopped paying off for too many people. Fewer and fewer of the folks who contributed to the success of our economy actually benefited from that success. Those at the very top grew wealthier from their incomes and their investments – wealthier than ever before. But everybody else struggled with costs that were growing and paychecks that weren’t …”
    The financial crisis of 2008 was caused by “the breathtaking greed” of “banks and investors” as well as “irresponsibility all across the system.”
    “We simply cannot return to this brand of ‘you’re on your own’ economics if we’re serious about rebuilding the middle class in this country…. It results in a prosperity that’s enjoyed by fewer and fewer of our citizens…. In the last few decades, the average income of the top 1% has gone up by more than 25% to $1.2 million per year…. The typical CEO who used to earn about 30 times more than his or her worker now earns 110 times more…. Now, this kind of inequality – a level that we haven’t seen since the Great Depression – hurts us all.”
    “We have to ask ourselves: Do we want to make the investments we need in things like education and research and high-tech manufacturing – all those things that helped make us an economic superpower? Or do we want to keep in place the tax breaks for the wealthiest Americans in our country? Because we can’t afford to do both.”
    “Today, thanks to loopholes and shelters, a quarter of all millionaires now pay lower tax rates than millions of you, millions of middle-class families. Some billionaires have a tax rate as low as 1%. One percent. That is the height of unfairness. It is wrong.”

    Obama Speech on the Republicans’ Proposed Budget: (April 3, 2012):

    “Can we succeed as a country where a shrinking number of people do exceedingly well, while a growing number struggle to get by?”
    “What drags down our entire economy is when there’s an ever-widening chasm between the ultra-rich and everybody else…”
    “… research has shown that countries with less inequality tend to have stronger and steadier economic growth over the long run.”
    “Meanwhile, these [Republicans’] proposed tax breaks would come on top of more than a trillion dollars in tax giveaways for people making more than $250,000 a year. That’s an average of at least $150,000 for every millionaire in this country — $150,000. Let’s just step back for a second and look at what $150,000 pays for: A year’s worth of prescription drug coverage for a senior citizen. Plus a new school computer lab. Plus a year of medical care for a returning veteran. Plus a medical research grant for a chronic disease. Plus a year’s salary for a firefighter or police officer. Plus a tax credit to make a year of college more affordable. Plus a year’s worth of financial aid. One hundred fifty thousand dollars could pay for all of these things combined — investments in education and research that are essential to economic growth that benefits all of us. For $150,000, that would be going to each millionaire and billionaire in this country.”
    “We’re told that when the wealthy become even wealthier, and corporations are allowed to maximize their profits by whatever means necessary, it’s good for America, and that their success will automatically translate into more jobs and prosperity for everybody else.”
    “At the beginning of the last decade, the wealthiest Americans received a huge tax cut in 2001 and another huge tax cut in 2003. We were promised that these tax cuts would lead to faster job growth. They did not. The wealthy got wealthier — we would expect that. The income of the top 1 percent has grown by more than 275 percent over the last few decades, to an average of $1.3 million a year. But prosperity sure didn’t trickle down.”
    “You’d think they’d say, you know what, maybe some rules and regulations are necessary to protect the economy and prevent people from being taken advantage of by insurance companies or credit card companies or mortgage lenders. Maybe, just maybe, at a time of growing debt and widening inequality, we should hold off on giving the wealthiest Americans another round of big tax cuts.”
    “We also have a much different approach when it comes to taxes — an approach that says if we’re serious about paying down our debt, we can’t afford to spend trillions more on tax cuts for folks like me, for wealthy Americans who don’t need them and weren’t even asking for them, and that the country cannot afford. At a time when the share of national income flowing to the top 1 percent of people in this country has climbed to levels last seen in the 1920s, those same folks are paying taxes at one of the lowest rates in 50 years. As both I and Warren Buffett have pointed out many times now, he’s paying a lower tax rate than his secretary. That is not fair. It is not right.”
    “Simple concept: If you make more than a million dollars a year — not that you have a million dollars — if you make more than a million dollars annually, then you should pay at least the same percentage of your income in taxes as middle-class families do. On the other hand, if you make under $250,000 a year — like 98 percent of American families do — then your taxes shouldn’t go up. That’s the proposal. Now, you’ll hear some people point out that the Buffett Rule alone won’t raise enough revenue to solve our deficit problems. Maybe not, but it’s definitely a step in the right direction. And I intend to keep fighting for this kind of balance and fairness until the other side starts listening …”

    Obama Calls for “an America in Which Prosperity Is Shared”: On August 12, 2012, Obama advocated “a new vision of an America in which prosperity is shared.”

    “Everybody’s Getting a Fair Share”: During the closing statement of his October 3, 2012 presidential debate with Mitt Romney, Obama said that he sought to create an America where “everybody’s getting a fair shot, and everybody’s getting a fair share.” He then quickly corrected himself: “everybody’s doing a fair share, and everybody’s playing by the same rules.”

    “A Shrinking Few Do Very Well and a Growing Many Barely Make It”: During his second inaugural address as president on January 21, 2013, the newly re-elected Obama emphasized his belief that capitalist America had become a place of widespread inequity and injustice: “[O]ur country cannot succeed when a shrinking few do very well and a growing many barely make it”; “We do not believe that in this country freedom is reserved for the lucky, or happiness for the few.”

    Obama Says Republicans Only Care About Cutting Taxes for the Rich: In February 2013, President Obama told an audience of black broadcasters: “My sense is that their [Republicans’] basic view is that nothing is important enough to raise taxes on wealthy individuals or corporations … That’s the thing that binds their party together at this point.”

    Obama Emphasizes Class Warfare: During his weekly address to the American people on February 23, 2013, Obama addressed the looming “sequestration” budget cuts that were scheduled to take effect in a few days:

    He said it was important to “close wasteful tax loopholes for the well-off and well-connected.”
    “… Republicans in Congress have decided that instead of compromising—instead of asking anything of the wealthiest Americans—they would rather let these [budget] cuts fall squarely on the middle class.”
    “Are Republicans in Congress really willing to let these cuts fall on our kids’ schools and mental health care just to protect tax loopholes for corporate jet owners? Are they really willing to slash military health care and the border patrol just because they refuse to eliminate tax breaks for big oil companies? Are they seriously prepared to inflict more pain on the middle class because they refuse to ask anything more of those at the very top?
    “[M]y plan [has] got tough cuts, tough reforms, and asks more of the wealthiest Americans.”

    Obama Say “The Wealthiest and Most Powerful” Are Not Paying Enough in Taxes: On February 28, 2013, Obama stated that America cannot “just cut our way to prosperity” while “asking nothing more from the wealthiest and most powerful.”

    (Return to Top)

  • Andy M

    Counter sue for $100M. They acted maliciously.

  • http://www.facebook.com/profile.php?id=100000165784504 Neena Lane

    Thou shalt not out Democrats on their crooked dealings and associations.

  • mohsen

    nice very very nice . wonderful

    http://www.alammisr.com

  • Marion Collins

    You know so little for such a boaster.

  • Laka

    People who have somehow come into minute details the inner workings of secret conspiracies always know so much more than people who only know facts.

  • http://www.facebook.com/people/Bob-Jones/100000746455992 Bob Jones

    Problem is anyone and everyone that knows who Terry McAuliffe is, remembers that he is/was one of the crookedest individuals within the Clinton administration….anyone remember how he and Hillary conspired together to charge something like $50K per seat on government trade junkets to the far east…the money stolen/embezzled from entrepreneurs was put into a campaign slush fund for the Clintons…..

  • Sergio R

    Terry McAuliffe is obviously being dishonest with the people of Virginia … He does NOT seem trustworthy at all. And he wants to be our governor … you got to be kidding :)

  • http://twitter.com/r1944gmailcom ron

    He has no business pushing tax money out to himself, if it fails we have to pick up his tab, pay all his bills, support his lifestyle, private industry doesn’t have it that good.

  • fact139

    Patriots and lovers of truth and liberty understand that it is infinitely better to be a conspiracy theorist than a cover-up collaborator. Parrots of conventional wisdom & the “mainstream” media, anonymous Pentagon directed trolls, and other traitors disagree.
    There’s nothing progressive or up-to-date about living in denial or licking the boots of criminal tyrants: That’s been practiced by cowards and traitors for thousands of years.
    New World Order + Republicrats = same old crap.
    Google: Operation Earnest Voice.

  • fact139

    Having lost any ability to engage in critical thinking, mind-controlled dupes have been programmed to parrot “Conspiracy theory! Conspiracy theory!” whenever they detect ideas that don’t conform to establishment dogma
    but in a world under continuous assault from a cunning, conniving, and ruthless global criminal elite (aka the banksters), becoming a conspiracy theorist is the only rational choice.
    But deep down, despite his parroting of the “conspiracy theory” pejorative, the average bootlicker is in reality terrified of the government because in his heart he knows that actually the CIA, FBI, IRS, et al. can commit any crime they want against any ordinary citizen & go scot-free & suffer no penalty whatsoever. & so these frighten sheep go along with whatever they’re told, hoping they’ll be spared by that which they fear so much.
    Google: Pentagon sock puppet

  • sam

    Only in VA could this guy be running as Gov. candidate. Va votes for the most extremist candidates and see what they are doing in VA right now. It is being TRASHED.

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