NRSC - Jeanne Shaheen: Crony Capitalist

Jeanne Shaheen: Crony Capitalist


Last week, The Boston Globe reported that in 2009, Jeanne Shaheen's husband advised a company named Ultrawave Labs, which that same year received $78,000 in federal stimulus funding Shaheen voted to approve. As the Globe noted, Shaheen "had a family financial stake in the research."  Making matters worse, the Globe reported that, "The Shaheens declined multiple requests for interviews and would not answer most detailed questions about their investments and connection to the firm." You know what they say, "if it looks like a duck, swims like a duck, and quacks like a duck..."

Senator Shaheen did herself no favors by avoiding legitimate questions about a conflict of interest by instead trying to politicize breast cancer research. No one bought her outrageous attempts.  In a scathing follow up to the Globe story, today a Union Leader Editorial lambastes Shaheen, noting that the embroiled Senator "should have recused herself from voting on the stimulus bill because of its funding of Ultrawave. She will have to answer for the consequences of that vote. But it seems to us that the real issue here is Shaheen's willing participation in the pay-for-play scheme that is the federal appropriations process."

The editorial points out the blatant hypocrisy that so many Granite Staters are growing tired of: "Shaheen complains about big-money influence in politics while engaging in the very behavior that encourages companies to hire lobbyists and senators' spouses to obtain the connections necessary to access federal money. This is crony capitalism - and Jeanne Shaheen is one of the cronies."

This isn't they first the time they've been exposed trying to get special treatment for a family member's business operation. The Shaheens have a lot of questions to answer.