Heading the UAW at this economic juncture is an opportunity to publicize and address America’s growing wealth disparity. Shawn Fain, who heads the autoworkers’ union, has so far demonstrated he’s not up to the challenge.
Proterra, a California-based electric bus manufacturer and energy storage developer repeatedly hailed by President Biden, filed for bankruptcy yesterday, causing the company’s shares to tank. Jennifer Granholm, Biden’s Secretary of Energy, previously served on Proterra’s board and pocketed $1.6 million when she sold her shares to an undisclosed buyer.
The Department of Energy’s sweetheart $9.2 billion loan to Ford Motor Co. to finance the company’s EV projects in Tennessee and Kentucky had a bad odor to it. Thankfully, Wyoming Republican Senator John Barrasso agrees, and a letter he wrote to Energy Secretary Jennifer Granholm helped connect the dots.