I am not the least bit annoyed by the following report. I am happy to know that I, as a taxpayer, own part of a retrofitted luxury yacht that the Mayor of LA really really needed to transport his interns around.
I’m sure that we can all hitch a ride anytime we want and I plan to call his office tomorrow to ask when I can take it out for a spin. And the big benefit is the engines are environmentally-friendly, though, alas, they are not taxpayer-friendly.
Washington Examiner: House investigators wrote the Port of Los Angeles yesterday to review the decision to spend almost half a million dollars in stimulus money on retrofitting a luxury yacht with environmentally-friendly engines.
“The Port of Los Angeles owes the public greater transparency about this project and a full accounting of the cost-benefit analysis used to justify spending on this type of project,” House Oversight and Government Reform chairman Darrell Issa, R-Calif., wrote in a letter to the executive director of the port, Dr. Geraldine Knatz.
The Port of Los Angeles spent $489,000 of a $1.5 million grant from the Department of Energy to retrofit a city-owned yacht with “hydro-electric propulsion system,” according to Issa’s letter, rather than the diesel engines it already had in operation. The yacht is used to conduct tours of the port.
“This is the American people’s money that was borrowed in stimulus,” said House Oversight and Government Reform Chair Darrell Issa in a local CBS broadcast. “It was supposed to create net new jobs. Could that half a million dollars have been used better? Was this really just show without substance?”