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Paging Sheriff Joe! Company co-owned by husband of Sen. Kay Hagan allegedly kept unspent stimulus money

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By Doug Powers  •  October 14, 2014 10:35 AM

**Written by Doug Powers

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That is why I have asked Vice President Biden to lead a tough, unprecedented oversight effort – because nobody messes with Joe. I have told each member of my Cabinet as well as mayors and governors across the country that they will be held accountable by me and the American people for every dollar they spend.”

–Barack Obama, 2/24/09

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Here’s N.C. Democrat Sen. Kay Hagan in 2009 explaining why she voted for the stimulus bill:

Most important, though, this legislation delivers on our simple promise to change the way things work in Washington — for working families and not for special interests.

So how did that work out?

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Gee, what a, uh, surprise. Hagan’s going to have to borrow some of Harry Reid’s muscle to keep people asking about this away from her until after the election.

The story about Sen. Hagan’s husband’s company getting a stimulus grant isn’t new, but according to the Carolina Journal they made a neat little profit off an overcharge that wasn’t repaid:

JDC Manufacturing, a company co-owned by Democratic U.S. Sen. Kay Hagan’s husband Charles “Chip” Hagan, lowered the total cost of a 2010 stimulus-funded energy project but kept all of the savings, sending none back to taxpayers who had funded the stimulus grant.

The company’s original application stated the total project would cost $438,627, and said JDC would contribute “leveraged funds” amounting to $187,983, or 43 percent of the total. As the project reached completion, however, JDC revised the total budget downward by $114,519 and applied all the savings to its share, keeping all the taxpayer funding.

Read the whole story here and remember it for the next time Sen. Hagan says the stimulus worked, because it did — for some.

“Sheriff Joe” might want to look into this after he’s done rooting out “Shylocks” elsewhere.

**Written by Doug Powers

Twitter @ThePowersThatBe

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Categories: 2014 Campaign, Democrats