Commerce Secretary Patricia Moulton was far too busy to comment on the sudden, unexplained departure of Gene Fullam as head of Vermont’s EB-5 office, but she did manage to make time for a live interview on Thursday’s “Vermont Edition.” Subject: EB-5.
Inexplicably, host Jane Lindholm didn’t ask about Fullam’s departure. A deal, perhaps?
UPDATE 7/23: Got this Tweet from Lindholm:
@theVPO1 There was no deal. Our own reporter was busy breaking the news & getting Moulton’s comments. https://t.co/luXLYjSziS
— Jane Lindholm (@JaneLindholm) July 23, 2016
Immediately preceding Moulton was State Auditor Doug Hoffer, who’s been critical of the grant programs administered by her agency. Among other things, he pointed out that it’s impossible to prove whether the state grants actually create economic activity that wouldn’t exist in their absence.
And then Moulton came on and admitted that those programs operate on the honor system. Regarding the Vermont Economic Growth Initiative, she said:
… we believe the CEOs, when they sign an application, that the material is true and correct.
Aww. Isn’t that sweet. “We believe the CEOs.”
Because a CEO would never lie to us.