December 12, 2014
One of the odd elements of the Obama administration's management of the immigrant investor (EB-5) program is the way Republicans use it to make out like bandits.
The most recent example of this bit of bipartisanship-for-profit is taking place, according to the Philadelphia Inquirer, in connection with fixing an old, old infrastructure problem — the lack of a direct connection between the granddaddy of super-highways, the east-west Pennsylvania Turnpike, and the north-south I-95. The two routes cross in Pennsylvania near Trenton, N.J., but it is difficult to get from one to the other.
The EB-5 program is about to be used to help finance a $420 million linkage between the two super-highways, with the apparent blessing of the Obama administration, but to the profit of well-connected Republican operatives in Pennsylvania. Read more...