Former Secretary of Transportation Ray LaHood, who was appointed by President Obama, has found a nice new job. He’s working for an electric bus company that he subsidized and praised while he was in office. This is another example of crony capitalism at it’s worst.
President Obama’s Secretary of Transportation Ray LaHood has left the administration and joined an electric bus company he subsidized and praised while in office.
Proterra Inc. makes buses that require no gasoline or diesel – they run on electricity and fuel cells.
That’s all fine and good, but taxpayers are paying for it. The money started flowing during the Bush administration, and continued while La Hood was running the DOT. Millions of dollars. Now LaHood has a nice new job.
LaHood wrote: “When the president said that America’s small businesses need to out-innovate, out-educate, and out-build their competition, he must have had Proterra in mind … ” LaHood also waxed enthusiastically about how “government can deliver the extra little boost” to companies like Proterra.
One fruit of these subsidies, LaHood said, was jobs. “One of Proterra’s good jobs went to Julie Shepherd. Julie is a single mother….”
Now, three years later, one of Proterra’s good jobs has gone to Ray LaHood. (Read More)
He doled out the tax dollars to Proterra, and now he’s raking them back into his own pocket.
Update: Linked by Expose the Media – thanks!