Joe Biden is promoting an energy company called Proterra as he tries to sell the country on his infrastructure package.
Would you be surprised to learn that Biden’s energy secretary Jennifer Granholm is heavily invested in Proterra?
There’s a term for this. It’s called crony capitalism.
The Washington Free Beacon reports:
Biden to Showcase Business Tied to Energy Sec Granholm
Energy Secretary Jennifer Granholm owns up to $5 million in the electric battery and vehicle manufacturer President Joe Biden will promote on Tuesday as part of his push for a $1.9 trillion infrastructure bill.
Biden’s virtual visit to the electric battery producer Proterra comes days after Vice President Kamala Harris paid a visit to Thomas Built Buses, a North Carolina-based school bus company that counts Proterra as its main supplier of electric vehicles. The back-to-back White House visits to Granholm-connected companies risk at least the appearance of impropriety and demonstrate how lawmakers can use policy initiatives to pad their own wallets.