How the Obama Stimulus Helped Kay Hagan’s Millionaire Husband Get Even Richer

Kay Hagan terrifies a small child. (AP)

As of 2012, Sen. Kay Hagan (D., N.C.) was the ninth-wealthiest member of the Senate, with an estimated net worth of $24 million. Much of that is tied to her husband, Chip, who is a partner at a Greensboro law firm and holds investments in a number of businesses. One of those businesses is JDC Manufacturing, which he co-owns with his two brothers.

THE POLITICO reports that JDC Manufacturing received almost $400,000 in federal grants and tax credits for green energy projects as part of the 2009 stimulus package:

Obama Admin Fires Another Blank on Condom Study

AP

A University of Puerto Rico researcher received a $667,999 grant as part of President Barack Obama’s 2009 stimulus for a study on an HIV intervention program designed for “young, heterosexual Latino couples.” The project, now listed as “completed” on the Recovery Act website, created 0.00 jobs.