According to Secretary of Energy Chris Wright, Biden’s Energy Secretary Jennifer Granholm rushed $93 billion in taxpayer-funded loans to sketchy green businesses who presented no business plans or budgets . They did it in just 76 days before Trump took office after the election.
That’s more cash than the Energy Department lost in 15 years. While North Carolina and California faced disasters, money just vanished.
Granholm, a Canadian until her twenties, went from a modest salary to a $2 million net worth.
The Disgusting Spree
Sen. John Kennedy (R-La.) — who grilled Wright during a Senate hearing — called the spree “disgusting,” comparing the taxpayer dollars to “ditch water” and accusing Biden officials of “shoving money out the door to unqualified recipients.”
The loans, approved under the Infrastructure Investment and Jobs Act, funded projects ranging from renewable energy to grid resilience efforts, but many lacked basic due diligence.
“Entities that provided no business plan, no numbers about their financial solvency — we gave those groups taxpayer loans?” Wright confirmed under questioning, adding that the frantic rush “undermined confidence” in government.
Sen. Kennedy: The 76-day period you’re talking about, that’s the period between the time President Trump was elected, and President Biden left office, is that right?
Energy Secretary Wright: That’s correct.
Sen. Kennedy: And during that short period of time, 76 days, how much taxpayer money went out the door of the Department of Energy.
Energy Secretary Wright: From the loan program office, in loans and commitments, $93 billion dollars. Well over twice as much as in the previous 15 years.
Sen. Kennedy: How do you vet and do due diligence on a loan in 76 days? ONE loan, much less $93 billion dollars. How do you do it?
Energy Secretary Wright: I think it’s pretty clear it wasn’t done in many cases. There are lots of funds that have gone out the door and commitments that were made from businesses that provided no business plan — no numbers about their own financial solvency.
Isn’t Congress supposed to provide some oversight of the trillions they blow?
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Claw every penny of the money back… fast.
“NOBODY IS ABOVE THE LAW” somehow seems to ring very hollow, does it not???
Jail Goofy Joe and his entire administration.
Granholm is a communist and a suspected eco-terroriost. She is suspected of spiking trees so as to facilitate the maiming or death of the lumberjack. She should be arrested, tried and hung for treason and attempted murder. Evil. Greedy. And murderous. Democrat.
Isn’t Congress supposed to provide some oversight of the trillions they blow?
One would think so but once the money is budgeted to an agency it is their money to do what they want with it. The oversight comes after the money is spent if it happens at all.
When Democrats steal 93 Billion dollars not one of the 600 judges reacts but when Trump tries to make the USA great again dozens of judges say it is illegal whatever Trump does it is illegal I wish those judges would be arrested and thrown in prison, I know it is not how it works, I know they will not… Read more »
When asked what the price per barrel of oil was, an aloof, completely clueless, Jennifer Granholm giggled a half-smile, because the idiot had no idea.