Joe Biden made one sick move with the clock ticking to undermine Donald Trump
Time is winding down on Joe Biden’s Presidency.
He’s trying to do as much damage as he can on the way out the door.
And Joe Biden made one sick move with the clock ticking to undermine Donald Trump.
Joe Biden tries to get as much out the door before Trump comes to town
President Joe Biden is sitting on more than $1 trillion in unspent federal money from the various socialist spending bills he’s signed into law.
Biden has made boosting green energy the top priority for his administration.
He’s trying to spend as much as possible before President-elect Donald Trump takes office and can claw back this wasteful spending.
The Department of Energy Loan Programs Office announced that it was ramping up its lending in the final months of the Biden administration.
Lending under the Energy Infrastructure Reinvestment program went from $57 billion to $246 billion.
The Energy Department’s Loan Programs Office doles out loans for green energy projects from the massive slush funds established by Biden’s legislation.
Risky bets are being made with taxpayer money as the Energy Department tries to get money out the door as fast as possible.
The Loan Programs Office gave a $475 million loan to lithium battery recycling company Li-Cycle which is facing a lawsuit for defrauding investors.
Biden’s Energy Department has come under fire for handing loans without properly scrutinizing companies and giving them to politically connected companies.
Loan Programs Office director Jigar Shah is giving out taxpayer money to companies that he has a personal connection with.
AES Marahu received a $861 million loan from the Energy Department to build solar farms in Puerto Rico.
Shah sold his solar company sPower to AES, the parent company of AES Marahu, for $850 million.
The Loan Programs Office gave a $1.5 billion loan to nuclear power company Holtec in September despite the fact the company faced a criminal investigation in New Jersey and had to pay a $5 million fine to the state for submitting false information to receive tax breaks.
Biden’s Green New Deal policies a top target from incoming Trump White House
The $1 trillion Inflation Reduction Act signed into law by Biden is going to be a top target for repeal by the incoming Trump administration.
Hundreds of millions in unspent money could be clawed back from green energy programs.
“To further defeat inflation, my plan will terminate the Green New Deal, which I call the Green New Scam. Greatest scam in history, probably,” Trump told the Economic Club of New York in September. “[We will] rescind all unspent funds under the misnamed Inflation Reduction Act.”
He vowed to sign an executive order halting the development of offshore wind farms that proliferated under Biden.
That’s why the Energy Department is trying to shovel as much as possible as time winds down on Biden’s time in the White House.
Donald Trump can reclaim whatever unspent money is left from the reckless spending spree on green energy under Joe Biden.
