Skip to main content

Just a quick hit here; but today's New York Times Magazine has an article that caused me instant uncontrollable nausea and vomiting. The article is all about Terry McAuliffe's latest adventure starting an electric car company, and the favors he's pulling in from Bill Clinton and Haley Barbour to get it off the ground.

No way to put lipstick on this pig: Terry McAuliffe embodies everything that's horribly wrong with American politics, business, and government in 2012.

To whit: McAuliffe was a young business hustler with a glad-handing, back-slapping, used car salesman style from the get-go. He got rich by investing $100,000 in Global Crossing, and cashing out millions. If the name Global Crossing doesn't ring a bell, here's the deal: it was a loathsome scam chartered in Bermuda that bought up a bunch of regional phone companies, forced employees to pack their retirement funds with company stock, squeezed every last nickel out of the companies, then froze employees' pension funds while the executives cashed out all their stock days ahead of the collapse. Just exactly like Enron. The CEO walked away with hundreds of millions. The employees were raped, left penniless with their pensions destroyed. That's how Terry got rich.

Now, Terry McAuliffe is running a start-up electric car company nominally based in Mississippi. But the signature product, the 'MyCar', is being manufactured in...wait for it...I'm sure you can't guess....China! Dingdingding! We have a winner: Terry is trying to get even richer by moving another American industry to China.

And to grease the skids for his excellent adventure, Terry is pulling in all his markers, everything he can glean from his famous 18,000 name Rolodex. That's why he has a beaming Bill Clinton and a grinning Haley Barbour photographed with him in the Mississippi Potemkin factory standing in for the actual Chinese manufacturer.

Everything that's wrong with America's smug leadership/plutocrat class: rich white guys yucking it up for the camera as they work on getting even richer via offshore'd production, while America's middle class slips ever deeper into poverty, Colorado burns, Midwest corn withers, and the ice caps melt.

Originally posted to Ralphdog on Sun Jul 22, 2012 at 07:40 AM PDT.

Also republished by In Support of Labor and Unions.


Bill Clinton's Presidency:

17%21 votes
24%30 votes
19%24 votes
4%6 votes
12%15 votes
4%5 votes
17%22 votes

| 123 votes | Vote | Results

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site