The Campaign Spot

Election-driven news and views . . . by Jim Geraghty.

Does the Term ‘Private Capital’ Cover Government Loans?


The Republican Party of Virginia is having some fun this afternoon.

Here’s Terry McAuliffe in September 2011, discussing Solyndra on a Virginia-based public television program:

McAuliffe says, “I’m proud to always say of all my businesses and the one I’m doing now with the auto, I do it all with private capital. I use my own money and investor money, I just don’t want the government in my business.”

Strangely enough, that’s the exact month that McAuliffe’s company, GreenTech Automotive, accepted a $3 million loan from the Mississippi Development Authority, acting on behalf of the state of Mississippi. The contract can be found here. Separately, the MDA loaned another $2 million to Tunica County to purchase the site for the factory.

Tags: GreenTech , Terry McAuliffe , Virginia


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