Subsidies

Obama Administration Connected to Government-Subsidized Green Car Firm

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Rick C. Wade is an exceptionally busy man

The former Obama cabinet official helped run the president's latest campaign while simultaneously serving as a Democratic Party executive and vice president of GreenTech Automotive, the "green car" company owned by Virginia gubernatorial candidate Terry McAuliffe.

Besides Wade, the venture has attracted other high-profile political insiders: Bill Clinton appeared at a company launch party. Hillary Clinton's brother Anthony Rodham runs the firm's foreign-investor outreach. Former Republican National Committee chair and Mississippi Gov. Haley Barbour used a mix of grants and tax holidays to persuade McAuliffe to build Greentech in Mississippi.