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Ad: Shaheen Gets Richer While NH Foots the Bill

• August 26, 2014 6:43 pm

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Ending Spending Action Fund is out with an ad accusing Sen. Jeanne Shaheen (D., N.H.) of cronyism, citing Shaheen's failing to disclose significant financial conflicts of interest and her substantial increase in personal wealth since taking office.

Shaheen's personal wealth has multiplied during her time as senator, from an estimated $3,4 million in 2008 to $5.4 million in 2012. That's a leap from the 40th wealthiest senator to the 27th wealthiest.

As the Washington Free Beacon reported, Shaheen was forced to amend her personal financial disclosure after failing to properly disclose a potential conflict of interest. Shaheen and her husband owned stock in a company which received $78,000 in funding from the federal stimulus bill Shaheen voted for. Shaheen's husband was an adviser to the company.

That same company, Ultrawave, which was working on breast cancer research, lobbied Congress for breast cancer funding–while Shaheen signed letters asking for $150 million for a breast cancer research.

Her husband's law firm, Shaheen & Gordon, also came under fire for setting up a "stimulus opportunities team" in 2009 which helped clients take advantage of stimulus cash. His firm launched this team three days before Sen. Shaheen's final vote for the stimulus funding.

As the national debt rose and gas prices doubled, the ad notes, Obamacare, which Shaheen voted for, raised New Hampshire citizens' health care premiums to above the national average.

"The Shaheen family gets richer, New Hampshire families get the bill," the ad says.

Published under: Jeanne Shaheen