BIDENS FRIEND GET $20 MILLION LOAN FOR DEALERSHIP

9/4/12
Biden’s ‘good friend,’ donor receives $20M federal loan to open foreign luxury car dealership in Ukraine.
John Hynansky, CEO and owner of Winner Automotive Group (Photo: Winner’s Circle blog) 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.
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.”
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.
Hynansky also owns car dealerships in Pennsylvania and Biden’s home state of Delaware.
Since at least 1999, Hynansky and his family have been regular donors to Biden’s campaigns, and, later, Obama’s. John Hynansky has donated $7,690 to a combination of Biden’s Senate campaigns and failed presidential campaign; Michael Hynansky donated $7,690; Alexandra Hynansky donated $7,280; Deanne Hynansky donated $4,645; and Susan Hynansky donated $1,000 — coming to a total family donation of $28,715. During Obama’s 2008 run for president, John Hynansky gave $30,800 to the Obama Victory Fund; Alexandra Hynansky gave $2,550; and Deanne Hynansky gave $2,000 — totaling $35,350 to that campaign.
John Hynansky, received a taxpayer loan to open a business selling foreign luxury cars in a foreign country using foreign labor stands in stark contrast to the Obama-Biden 2012 campaign charges that the Mitt Romney-Paul Ryan campaign stands for breaks for big business and shipping American jobs overseas.
Source: chris Bedford—daily caller

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