Joe Biden's $93 Billion Scandal That No One's Talking About Yet

excalibur

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Well, I'm sure the MSM will all over this like white on rice come Sunday, May 26, 2025. The top topic on the talking head Sunday shows.

:slap:

Okay, sorry, not.



During a blistering Senate Appropriations Committee hearing, Sen. John Kennedy (R-La.) was visibly floored after Energy Secretary Christopher Wright dropped a bombshell: the Department of Energy handed out a staggering $93 billion in loans and commitments during the final 76 days of the Biden administration, a figure that more than doubled the loan total from the previous 15 years combined.

Kennedy, in classic fashion, drilled in with precision. “The 76-day period you’re talking about, that’s the period between the time that President Trump was elected and President Biden left office. Is that right?”

“That is correct,” Wright confirmed.

Kennedy didn’t mince words when he asked how any agency could properly vet such massive spending in such a short window. “How do you do due diligence on one loan, much less $93 billion?” he asked.

Wright’s answer was damning.

“I think it’s probably pretty clear it wasn’t done in many cases,” he said. “There were commitments made from businesses that provided no business plan, no numbers about their own financial solvency, or how this project actually worked.”

The senator appeared almost incredulous and asked for clarity: “So, so you're telling me that the Department of Energy in the 76-day period before their boss was gonna leave office, gave or loaned money to, to entities that had no business plan?”

“Correct,” Wright replied bluntly.

“No financials?” Kennedy asked.

“Correct,” Wright told him. “I've come in with great concern about how this institution, this great American institution, has been run and how American taxpayer money has been handled.”

Wright also acknowledged that his department is now conducting a sweeping review of those loans and grants.

...



 
Well, I'm sure the MSM will all over this like white on rice come Sunday, May 26, 2025. The top topic on the talking head Sunday shows.

:slap:

Okay, sorry, not.


During a blistering Senate Appropriations Committee hearing, Sen. John Kennedy (R-La.) was visibly floored after Energy Secretary Christopher Wright dropped a bombshell: the Department of Energy handed out a staggering $93 billion in loans and commitments during the final 76 days of the Biden administration, a figure that more than doubled the loan total from the previous 15 years combined.
Kennedy, in classic fashion, drilled in with precision. “The 76-day period you’re talking about, that’s the period between the time that President Trump was elected and President Biden left office. Is that right?”
“That is correct,” Wright confirmed.
Kennedy didn’t mince words when he asked how any agency could properly vet such massive spending in such a short window. “How do you do due diligence on one loan, much less $93 billion?” he asked.
Wright’s answer was damning.
“I think it’s probably pretty clear it wasn’t done in many cases,” he said. “There were commitments made from businesses that provided no business plan, no numbers about their own financial solvency, or how this project actually worked.”
The senator appeared almost incredulous and asked for clarity: “So, so you're telling me that the Department of Energy in the 76-day period before their boss was gonna leave office, gave or loaned money to, to entities that had no business plan?”
“Correct,” Wright replied bluntly.
“No financials?” Kennedy asked.
“Correct,” Wright told him. “I've come in with great concern about how this institution, this great American institution, has been run and how American taxpayer money has been handled.”
Wright also acknowledged that his department is now conducting a sweeping review of those loans and grants.
...



Good for President Biden. By the end of this year, Biden's years will be looked at as the good times after the present imbecile admin buries our economy.
 
Good for President Biden. By the end of this year, Biden's years will be looked at as the good times after the present imbecile admin buries our economy.


lol
 
It should be easy enough to rake back or impound the funds if it's proven the established conditions for loans/commitments were not met.

Perhaps even criminal acts if the monies were received under fraudulent conditions. Of course anyone signing off on the monies should be fired.
 
the Department of Energy handed out a staggering $93 billion in loans and commitments during the final 76 days of the Biden administration, a figure that more than doubled the loan total from the previous 15 years combined.

Where was the oversight? This threw up a red flag to no one? If it was so much more than the DOE normally spends, then why and how did the DOE have access to the money in the first place?

If Trump had been in office and ordered it, the DOE would have dragged their feet indefinitely while endless judges issued indictments stopping the payments. The fact that this all went through like greased lightning tells me several things:
  1. The entire federal government (or at least 80-90% of it) in Washington is corrupt and incompetent, geared for one thing only.
  2. This money is issued out to leftwing organizations which then recycle the money back into the democrat machine.
  3. Talk of "reform" of these agencies is futile. The people involved in these loans and the department heads should be locked up in prison for 50 years.
  4. Government is hopelessly corrupted by endless complicated bureaucracy designed to hide and enable corruption, then make it almost impossible to navigate to ever bring anyone to justice, all the while protecting the criminal.
  5. In most cases, the biggest criminals are the government themselves, and when people see their government is corrupt and does not care, it encourages people to feel and do the same way.
 
Where was the oversight? This threw up a red flag to no one? If it was so much more than the DOE normally spends, then why and how did the DOE have access to the money in the first place?

If Trump had been in office and ordered it, the DOE would have dragged their feet indefinitely while endless judges issued indictments stopping the payments. The fact that this all went through like greased lightning tells me several things:
  1. The entire federal government (or at least 80-90% of it) in Washington is corrupt and incompetent, geared for one thing only.
  2. This money is issued out to leftwing organizations which then recycle the money back into the democrat machine.
  3. Talk of "reform" of these agencies is futile. The people involved in these loans and the department heads should be locked up in prison for 50 years.
  4. Government is hopelessly corrupted by endless complicated bureaucracy designed to hide and enable corruption, then make it almost impossible to navigate to ever bring anyone to justice, all the while protecting the criminal.
  5. In most cases, the biggest criminals are the government themselves, and when people see their government is corrupt and does not care, it encourages people to feel and do the same way.


Utah Mac&CheeseDiK + PeeKKKnobsonit are all for keeping things as they were. Before big Orange. They turn my gut! The ignorant evil Board Stain.
 
Good for President Biden. By the end of this year, Biden's years will be looked at as the good times after the present imbecile admin buries our economy.

What economy? An economy built out of a house of cards based on sucking the dicks of your enemy?

America trained our enemies.
America gave all our technology out freely to our enemies.
America was bought and bribed for decades to just keep looking the other way.

Now that the problem looms that our enemy Frankenstein of our own creation has us over a barrel we helped them create, we have no choice but to act now for our survival and there are no easy, pain-free ways out until we reestablish self-reliance free of cheap foreign labor.

Like it or not, China has made us their dhimmis, their bitches. It is either bend over and ask for additional Vaseline now or all out war. Heads up: we are headed toward war. It could come any day now or maybe not for several more years, but I think it is coming sooner than later.

All thanks to corporate greed and political stupidity and greed.
 
Well, I'm sure the MSM will all over this like white on rice come Sunday, May 26, 2025. The top topic on the talking head Sunday shows.

:slap:

Okay, sorry, not.


During a blistering Senate Appropriations Committee hearing, Sen. John Kennedy (R-La.) was visibly floored after Energy Secretary Christopher Wright dropped a bombshell: the Department of Energy handed out a staggering $93 billion in loans and commitments during the final 76 days of the Biden administration, a figure that more than doubled the loan total from the previous 15 years combined.
Kennedy, in classic fashion, drilled in with precision. “The 76-day period you’re talking about, that’s the period between the time that President Trump was elected and President Biden left office. Is that right?”
“That is correct,” Wright confirmed.
Kennedy didn’t mince words when he asked how any agency could properly vet such massive spending in such a short window. “How do you do due diligence on one loan, much less $93 billion?” he asked.
Wright’s answer was damning.
“I think it’s probably pretty clear it wasn’t done in many cases,” he said. “There were commitments made from businesses that provided no business plan, no numbers about their own financial solvency, or how this project actually worked.”
The senator appeared almost incredulous and asked for clarity: “So, so you're telling me that the Department of Energy in the 76-day period before their boss was gonna leave office, gave or loaned money to, to entities that had no business plan?”
“Correct,” Wright replied bluntly.
“No financials?” Kennedy asked.
“Correct,” Wright told him. “I've come in with great concern about how this institution, this great American institution, has been run and how American taxpayer money has been handled.”
Wright also acknowledged that his department is now conducting a sweeping review of those loans and grants.
...



Guess my problem is BIDEN is not the president. in fact he is sick & old
So he is not even going to have much voice as some x presidents do.
As there are a LOT of going on right now things, why is this your focus????
 
Why is it surprising that "nobody is talking about it"? There is so much revealed about the criminality of the Biden administration that the legacy media is having a hard time keeping a lid on it
 
15th post
I wonder how much of that money found its way back to Democrat politician's accounts.
Probably a lot as Democrats seem to be spending like drunk sailors on anti Trump propaganda.
 
During the first Trump administration (2017–2021), the U.S. Department of Energy (DOE) issued very few new loans or commitments through its Loan Programs Office (LPO). In fact, the LPO was largely dormant during this period.

Here are the key points:
  • The Trump administration did not prioritize clean energy loan programs, and the DOE’s Loan Programs Office approved no new loans during those four years

  • The administration focused more on fossil fuel development, deregulation, and rolling back Obama-era climate initiatives

  • In contrast, the Biden administration revived the LPO and issued over $100 billion in loans and commitments by 2024, including $93 billion in the final 76 days
So the point is that the Biden administration outfoxed the first Trump term.
So, to directly answer your question: The DOE handed out virtually no new loans or commitments during the first Trump administration.
 
Good for President Biden. By the end of this year, Biden's years will be looked at as the good times after the present imbecile admin buries our economy.

Nominated for the stupid post of the year.
 
Well, I'm sure the MSM will all over this like white on rice come Sunday, May 26, 2025. The top topic on the talking head Sunday shows.

:slap:

Okay, sorry, not.


During a blistering Senate Appropriations Committee hearing, Sen. John Kennedy (R-La.) was visibly floored after Energy Secretary Christopher Wright dropped a bombshell: the Department of Energy handed out a staggering $93 billion in loans and commitments during the final 76 days of the Biden administration, a figure that more than doubled the loan total from the previous 15 years combined.
Kennedy, in classic fashion, drilled in with precision. “The 76-day period you’re talking about, that’s the period between the time that President Trump was elected and President Biden left office. Is that right?”
“That is correct,” Wright confirmed.
Kennedy didn’t mince words when he asked how any agency could properly vet such massive spending in such a short window. “How do you do due diligence on one loan, much less $93 billion?” he asked.
Wright’s answer was damning.
“I think it’s probably pretty clear it wasn’t done in many cases,” he said. “There were commitments made from businesses that provided no business plan, no numbers about their own financial solvency, or how this project actually worked.”
The senator appeared almost incredulous and asked for clarity: “So, so you're telling me that the Department of Energy in the 76-day period before their boss was gonna leave office, gave or loaned money to, to entities that had no business plan?”
“Correct,” Wright replied bluntly.
“No financials?” Kennedy asked.
“Correct,” Wright told him. “I've come in with great concern about how this institution, this great American institution, has been run and how American taxpayer money has been handled.”
Wright also acknowledged that his department is now conducting a sweeping review of those loans and grants.
...




Republicans are in on the grift 95% as much as their elder brothers in grift, the democrats.
 

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