NQ1965
PR Elite
Back during the 2004 Presidential election (Bush VS Kerry) a young black politician gave a speech at the Democratic National Convention. I mentioned to the wife and coworkers that he would be your next Democratic Presidential Candidiate.
Well here we go again.
Master Democrat bureaucratic politician Terry McAuliff just won the Governors race in Virginia last night.
McAuliff was the top fundraiser for the Clintons and is a major power player in the party.
Of course Hillary will be running in 2016, but he will be the candidate "On-Deck".
All I can say is WOW......... What the hell were the voters in Virginia thinking on this one?
Interesting Wikipedia read on him:
Terry McAuliffe
Health care[edit]McAuliffe supports the Affordable Care Act, also known as Obamacare. He supports expanding Medicaid, arguing that Virginia should get back the money it sends to Washington in taxes.[60]
Gun control[edit]McAuliffe supports universal background checks, an assault weapons ban, and limiting gun purchases to one a month.[66] He purchased a shotgun for himself in January 2013
Gay rights[edit]McAuliffe supports same-sex marriage, and supported the U.S. Supreme Court rulings in June 2013, which deemed the Defense of Marriage Act as unconstitutional
===================
Business career[edit]
At the age of 14, McAuliffe started his first business,[7] McAuliffe Driveway Maintenance, sealing driveways and parking lots. The Washington Post said McAuliffe has "earned millions as a banker, real estate developer, home builder, hotel owner, and internet venture capitalist."[8]
Federal City National Bank[edit]
In 1985, McAuliffe helped found the Federal City National Bank, a small bank based in Washington, D.C.[9] In January 1988, when he was 30 years old, the bank’s board elected McAuliffe chairman, making him the youngest elected chairman of a federally chartered bank in the history of the United States.[10]
The bank lent $125,000 to a political action committee that supported Richard Gephardt's presidential campaign. McAuliffe told The New York Times that he abstained from voting on the loan because he was also the Gephardt campaign's finance chairman.[11] The bank also provided loans to former U.S. Representative Tony Coelho and the then-Speaker of the United States House of Representatives, Jim Wright.[12]
In 1991, McAuliffe helped to negotiate a merger with Credit International Bank (then under the management of Republican Richard V. Allen), which he called his "greatest business experience".[12] McAuliffe went on to become vice chairman of the newly merged bank, leading to questions from shareholders that he was given special treatment, which Allen denied.[12][13]
American Pioneer Savings Bank[edit]
In 1979, McAuliffe met Richard Swann, a lawyer who was in charge of fundraising for Jimmy Carter's presidential campaign in Florida. In 1988, McAuliffe married Swann's daughter, Dorothy.
In the late 1980s, Swann's finances collapsed, entangling McAuliffe, who then used his political contacts to help Swann.[12] In 1990, federal regulators seized Swann's American Pioneer Savings Bank, causing Swann to file for bankruptcy, and McAuliffe to lose $800,000 he had invested in American Pioneer.[12] The Resolution Trust Corporation, a federal agency, seized American Pioneer's assets and liabilities.[12] Under the guidance of Swann, McAuliffe partnered with a pension fund controlled by the International Brotherhood of Electrical Workers and the National Electrical Contractors Association to buy American Pioneer real estate, valued at $50 million, for $38.7 million from the Resolution Trust Corporation.[12][14] Of the purchase amount, McAuliffe paid $100, while the pension fund paid $38.7 million;[12] McAuliffe still received a 50% equity stake.[14] The deal was arranged by pension fund trustee Jack Moore, who was an acquaintance of McAuliffe from the Gephardt presidential campaign.[12][14]
Following the deal, the Department of Labor filed a lawsuit against McAuliffe and Moore, accusing them of imprudent business practices.[12][14]
Global Crossing[edit]
In 1997, McAuliffe invested $100,000 in Global Crossing,[10] a Bermuda-registered telecommunications company providing fiber-optic networking services worldwide.[15] Global Crossing went public in 1998.[16] The following year, McAuliffe sold the majority of his holding for a $8 million profit (other accounts have said his profit was $18 million).[17] McAuliffe sold the rest of his shares in January 2002.[17] The company filed for bankruptcy that same month, causing investors to lose over $54 billion, and 10,000 employees to lose their jobs.[17][18] McAuliffe, who lambasted Republicans after the Enron scandal, was criticized as hypocritical in the media, prompting him to set up television interviews to explain himself.[19] On Hannity & Colmes, Sean Hannity pointed out McAuliffe's large profit, to which McAuliffe responded, "What are you, jealous or something? I mean, you buy stock. It was a great company."[20] According to McAuliffe's book, he played no management role in Global Crossing.[10]
GreenTech Automotive[edit]
Main article: GreenTech Automotive
In 2009, McAuliffe founded GreenTech Automotive, a holding company, which purchased Chinese electric car company EU Auto MyCar for $20 million in May 2010.[21][22] Later that year, McAuliffe relocated GreenTech's headquarters to McLean, Virginia. GreenTech subsequently announced plans to manufacture vehicles in Mississippi.[23][24]
In April 2013, McAuliffe announced his resignation from GreenTech.[25] Although he resigned from his position, McAuliffe still holds majority ownership in GreenTech.[26][27]
In December 2012, McAuliffe was questioned as to why he chose to locate the factory in Mississippi as opposed to Virginia. McAuliffe claimed that he wanted to bring the factory to Virginia but the Virginia Economic Development Partnership (VEDP), the state's business recruitment agency, chose not to bid on it.[28] However, in January 2013, PolitiFact declared McAuliffe's claim to be false. According to PolitiFact, VEDP and GreenTech formally discussed building the factory in Virginia, and its representatives even toured potential sites with GreenTech representatives.[28] McAuliffe said he disagreed with PolitiFact's report, and said other GreenTech executives made the decision, but did not offer specifics as to how the report was mistaken.[29]
Fundraising career and relationship with the Clintons[edit]
McAuliffe has had a prolific fundraising career within the Democratic Party, and a long personal and political relationship with Bill Clinton and Hillary Clinton.[12] McAuliffe and his staff raised about $275 million, a then unprecedented sum, for Clinton's causes while he was in office. Once Bill Clinton's term was served, McAuliffe loaned them $1.35 million to purchase a New York City home, in a deal that raised ethical questions.[30][31] In 2000, McAuliffe chaired a tribute fundraiser to Clinton, which set a fundraising record for a single event, raising $26.3 million.[32]
McAuliffe told The New York Times in 1999, "I've met all of my business contacts through politics. It's all interrelated." When he meets a new business contact, he continued, "then I raise money from them."[12] He acknowledged the success of his business dealings stemmed from his relationship with Bill Clinton, saying, "No question, that's a piece of it." He also credited his ties to former congressmen Dick Gephardt and Tony Coelho, his Rolodex of 5,000-plus names, and his ability to personally relate to people.[12] He told New York Times reporter Mark Leibovich in 2012 that his Rolodex held 18,632 names.[33]
Chairman of the Democratic National Committee[edit]
In June 2000, as organizers of the 2000 Democratic National Convention (DNC) were scrambling to raise the last $7 million needed to pay for the convention, McAuliffe was named chairman of the convention.[30]
In February 2001, McAuliffe was elected chairman of the DNC, and served in that role until February 2005.[34] McAuliffe had tried and failed to persuade his top rival, Maynard Jackson, to drop out of the race for chairman, but was still the heavy favorite.[35] During his tenure, the DNC raised $578 million, and emerged from debt for the first time in its history.[36]
In the transition period between the 2002 elections and the 2004 Democratic convention, the DNC rebuilt operations and intra-party alliances. McAuliffe worked to restructure the Democratic primary schedule so that states such as Arizona, New Mexico, and South Carolina would be allowed to vote earlier, in a move designed to bolster ties to African-American and Hispanic communities. According to The Washington Post, the new schedule gave United States Senator John Kerry enough time to raise more than $200 million for the general election.[37] The DNC also rebuilt its headquarters, and created a computer database of more than 170 million potential voters known as "Demzilla".[38] Five-time presidential candidate Ralph Nader alleged that in 2004, McAuliffe offered him cash to withdraw from certain pivotal states in the 2004 election.[39] McAuliffe's staff admitted that he indeed engaged in a conversation with Nader about his campaign, but denied that he offered any money.[39]
In January 2005, a few weeks before his term ended, McAuliffe earmarked $5 million of the party's cash to assist Tim Kaine and other Virginia Democrats in their upcoming elections. This donation was the largest non-presidential disbursement in DNC history, and was part of McAuliffe's attempt to prove the Democrats' viability in southern states in the wake of the 2004 presidential election.[40] Kaine was successful in his bid, and served as the Governor of Virginia from 2006 to 2010.
Post-DNC chairmanship[edit]
McAuliffe served as one of Hillary Clinton's 2008 campaign chairmen,[41] and was one of her superdelegates to the 2008 Democratic National Convention.[42]
He was a visiting fellow to Harvard University's John F. Kennedy School of Government. In addition to several faculty and student lectures, McAuliffe hosted a study group entitled "The Making of a Candidate: From Running Campaigns to Running on my Own".[43]
McAuliffe was an adviser to the video game company ZeniMax Media.[44][45]
Well here we go again.
Master Democrat bureaucratic politician Terry McAuliff just won the Governors race in Virginia last night.
McAuliff was the top fundraiser for the Clintons and is a major power player in the party.
Of course Hillary will be running in 2016, but he will be the candidate "On-Deck".
All I can say is WOW......... What the hell were the voters in Virginia thinking on this one?
Interesting Wikipedia read on him:
Terry McAuliffe
Health care[edit]McAuliffe supports the Affordable Care Act, also known as Obamacare. He supports expanding Medicaid, arguing that Virginia should get back the money it sends to Washington in taxes.[60]
Gun control[edit]McAuliffe supports universal background checks, an assault weapons ban, and limiting gun purchases to one a month.[66] He purchased a shotgun for himself in January 2013
Gay rights[edit]McAuliffe supports same-sex marriage, and supported the U.S. Supreme Court rulings in June 2013, which deemed the Defense of Marriage Act as unconstitutional
===================
Business career[edit]
At the age of 14, McAuliffe started his first business,[7] McAuliffe Driveway Maintenance, sealing driveways and parking lots. The Washington Post said McAuliffe has "earned millions as a banker, real estate developer, home builder, hotel owner, and internet venture capitalist."[8]
Federal City National Bank[edit]
In 1985, McAuliffe helped found the Federal City National Bank, a small bank based in Washington, D.C.[9] In January 1988, when he was 30 years old, the bank’s board elected McAuliffe chairman, making him the youngest elected chairman of a federally chartered bank in the history of the United States.[10]
The bank lent $125,000 to a political action committee that supported Richard Gephardt's presidential campaign. McAuliffe told The New York Times that he abstained from voting on the loan because he was also the Gephardt campaign's finance chairman.[11] The bank also provided loans to former U.S. Representative Tony Coelho and the then-Speaker of the United States House of Representatives, Jim Wright.[12]
In 1991, McAuliffe helped to negotiate a merger with Credit International Bank (then under the management of Republican Richard V. Allen), which he called his "greatest business experience".[12] McAuliffe went on to become vice chairman of the newly merged bank, leading to questions from shareholders that he was given special treatment, which Allen denied.[12][13]
American Pioneer Savings Bank[edit]
In 1979, McAuliffe met Richard Swann, a lawyer who was in charge of fundraising for Jimmy Carter's presidential campaign in Florida. In 1988, McAuliffe married Swann's daughter, Dorothy.
In the late 1980s, Swann's finances collapsed, entangling McAuliffe, who then used his political contacts to help Swann.[12] In 1990, federal regulators seized Swann's American Pioneer Savings Bank, causing Swann to file for bankruptcy, and McAuliffe to lose $800,000 he had invested in American Pioneer.[12] The Resolution Trust Corporation, a federal agency, seized American Pioneer's assets and liabilities.[12] Under the guidance of Swann, McAuliffe partnered with a pension fund controlled by the International Brotherhood of Electrical Workers and the National Electrical Contractors Association to buy American Pioneer real estate, valued at $50 million, for $38.7 million from the Resolution Trust Corporation.[12][14] Of the purchase amount, McAuliffe paid $100, while the pension fund paid $38.7 million;[12] McAuliffe still received a 50% equity stake.[14] The deal was arranged by pension fund trustee Jack Moore, who was an acquaintance of McAuliffe from the Gephardt presidential campaign.[12][14]
Following the deal, the Department of Labor filed a lawsuit against McAuliffe and Moore, accusing them of imprudent business practices.[12][14]
Global Crossing[edit]
In 1997, McAuliffe invested $100,000 in Global Crossing,[10] a Bermuda-registered telecommunications company providing fiber-optic networking services worldwide.[15] Global Crossing went public in 1998.[16] The following year, McAuliffe sold the majority of his holding for a $8 million profit (other accounts have said his profit was $18 million).[17] McAuliffe sold the rest of his shares in January 2002.[17] The company filed for bankruptcy that same month, causing investors to lose over $54 billion, and 10,000 employees to lose their jobs.[17][18] McAuliffe, who lambasted Republicans after the Enron scandal, was criticized as hypocritical in the media, prompting him to set up television interviews to explain himself.[19] On Hannity & Colmes, Sean Hannity pointed out McAuliffe's large profit, to which McAuliffe responded, "What are you, jealous or something? I mean, you buy stock. It was a great company."[20] According to McAuliffe's book, he played no management role in Global Crossing.[10]
GreenTech Automotive[edit]
Main article: GreenTech Automotive
In 2009, McAuliffe founded GreenTech Automotive, a holding company, which purchased Chinese electric car company EU Auto MyCar for $20 million in May 2010.[21][22] Later that year, McAuliffe relocated GreenTech's headquarters to McLean, Virginia. GreenTech subsequently announced plans to manufacture vehicles in Mississippi.[23][24]
In April 2013, McAuliffe announced his resignation from GreenTech.[25] Although he resigned from his position, McAuliffe still holds majority ownership in GreenTech.[26][27]
In December 2012, McAuliffe was questioned as to why he chose to locate the factory in Mississippi as opposed to Virginia. McAuliffe claimed that he wanted to bring the factory to Virginia but the Virginia Economic Development Partnership (VEDP), the state's business recruitment agency, chose not to bid on it.[28] However, in January 2013, PolitiFact declared McAuliffe's claim to be false. According to PolitiFact, VEDP and GreenTech formally discussed building the factory in Virginia, and its representatives even toured potential sites with GreenTech representatives.[28] McAuliffe said he disagreed with PolitiFact's report, and said other GreenTech executives made the decision, but did not offer specifics as to how the report was mistaken.[29]
Fundraising career and relationship with the Clintons[edit]
McAuliffe has had a prolific fundraising career within the Democratic Party, and a long personal and political relationship with Bill Clinton and Hillary Clinton.[12] McAuliffe and his staff raised about $275 million, a then unprecedented sum, for Clinton's causes while he was in office. Once Bill Clinton's term was served, McAuliffe loaned them $1.35 million to purchase a New York City home, in a deal that raised ethical questions.[30][31] In 2000, McAuliffe chaired a tribute fundraiser to Clinton, which set a fundraising record for a single event, raising $26.3 million.[32]
McAuliffe told The New York Times in 1999, "I've met all of my business contacts through politics. It's all interrelated." When he meets a new business contact, he continued, "then I raise money from them."[12] He acknowledged the success of his business dealings stemmed from his relationship with Bill Clinton, saying, "No question, that's a piece of it." He also credited his ties to former congressmen Dick Gephardt and Tony Coelho, his Rolodex of 5,000-plus names, and his ability to personally relate to people.[12] He told New York Times reporter Mark Leibovich in 2012 that his Rolodex held 18,632 names.[33]
Chairman of the Democratic National Committee[edit]
In June 2000, as organizers of the 2000 Democratic National Convention (DNC) were scrambling to raise the last $7 million needed to pay for the convention, McAuliffe was named chairman of the convention.[30]
In February 2001, McAuliffe was elected chairman of the DNC, and served in that role until February 2005.[34] McAuliffe had tried and failed to persuade his top rival, Maynard Jackson, to drop out of the race for chairman, but was still the heavy favorite.[35] During his tenure, the DNC raised $578 million, and emerged from debt for the first time in its history.[36]
In the transition period between the 2002 elections and the 2004 Democratic convention, the DNC rebuilt operations and intra-party alliances. McAuliffe worked to restructure the Democratic primary schedule so that states such as Arizona, New Mexico, and South Carolina would be allowed to vote earlier, in a move designed to bolster ties to African-American and Hispanic communities. According to The Washington Post, the new schedule gave United States Senator John Kerry enough time to raise more than $200 million for the general election.[37] The DNC also rebuilt its headquarters, and created a computer database of more than 170 million potential voters known as "Demzilla".[38] Five-time presidential candidate Ralph Nader alleged that in 2004, McAuliffe offered him cash to withdraw from certain pivotal states in the 2004 election.[39] McAuliffe's staff admitted that he indeed engaged in a conversation with Nader about his campaign, but denied that he offered any money.[39]
In January 2005, a few weeks before his term ended, McAuliffe earmarked $5 million of the party's cash to assist Tim Kaine and other Virginia Democrats in their upcoming elections. This donation was the largest non-presidential disbursement in DNC history, and was part of McAuliffe's attempt to prove the Democrats' viability in southern states in the wake of the 2004 presidential election.[40] Kaine was successful in his bid, and served as the Governor of Virginia from 2006 to 2010.
Post-DNC chairmanship[edit]
McAuliffe served as one of Hillary Clinton's 2008 campaign chairmen,[41] and was one of her superdelegates to the 2008 Democratic National Convention.[42]
He was a visiting fellow to Harvard University's John F. Kennedy School of Government. In addition to several faculty and student lectures, McAuliffe hosted a study group entitled "The Making of a Candidate: From Running Campaigns to Running on my Own".[43]
McAuliffe was an adviser to the video game company ZeniMax Media.[44][45]
