Saturday, July 05, 2025

Energy Department Disbursed $42B in Its Final Hours on green energy projects (some new Solyndras?) Under the 46th President

Certainly, the senile, demented and corrupt/compromised and mostly angry 46th President goes down in history as one of the worst US presidents at least since 1945!

How good was the vetting process before the taxpayers' money was disbursed?

"In its last two working days, the [46th President] administration’s Energy Department signed off on nearly $42 billion for green energy projects—a sum that exceeded the total amount its Loan Programs Office had put out in the past decade. 

The frenzied activity on Jan. 16 and 17, 2025, capped a spending binge that saw the Loan Programs Office approve at least $93 billion in current and future disbursements after Vice President [Mistress Kamal] lost the 2024 election in November ... 

The agreements were made despite a warning from the department’s inspector general, urging the loan office to suspend operations in December over concerns that postelection loans could present conflicts of interest.

In just a few months, some of the deals have already become dicey, leading to fears that the Biden administration has created multiple Solyndras, the green energy company that went bankrupt after the Obama administration gave it $570 million. ..."

Energy Department Disbursed $42B in Its Final Hours Under Biden

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