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| Government Corruption | |
| 'So, the people running the department of energy for Biden's administration shoveled $93 Billion.. out the door in 76 days.' | |
| 2025-05-25 | |
[X]
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. Kennedy raised concerns about the nature of applicants who sought these funds, pointing out the potential for fraud. “Is it conceivable that some of these folks… came to you with a half-baked idea?” “Very conceivable,” Wright told him. “In fact, I’ve seen such plans… that didn’t have a business plan — just a promise to develop one later.” What shocked Kennedy most wasn’t just the lack of oversight but the arrogance of it all: “They were spending money at the Department of Energy like it was ditchwater,” he said, noting the department’s ballooning budget. “Their budget went from $60 billion to $160 billion since fiscal year 2021.” Wright didn’t defend the indefensible. He pledged to turn down wasteful projects and refer “the thieves” to the Department of Justice. “They shouldn’t be upset,” he said. “They should be ashamed.” Related: John Kennedy 04/18/2025 'The Age of the Contemptible': How Left Radicals Committed Genocide After the US Fled John Kennedy 04/14/2025 USSR vs. Aliens John Kennedy 04/01/2025 Congressman Rudy Yakym confirms the VA's misrepresentation of a $3 billion shortfall | |
| Posted by:Fred |
| #6 They treated our government like it was a CVS in the Ternderloin. |
| Posted by: Super Hose 2025-05-25 07:56 |
| #5 Literally looting the treasury. |
| Posted by: Procopius2k 2025-05-25 07:52 |
| #4 If the loan paperwork had recall clauses or call-up provisions, then that would be fairly simple, Airandee. Depends on the T&C's. Hard to say if the clowns who did this would have had that foresight, either by negligence or skullduggery, however. |
| Posted by: Mullah Richard 2025-05-25 06:58 |
| #3 What did those DOE dollars 'actually' purchase ? |
| Posted by: Besoeker 2025-05-25 06:55 |
| #2 If they are loans then call the loan in. |
| Posted by: Airandee 2025-05-25 06:45 |
| #1 Sen. Kennedy Shocked by Joe Biden's Rushed Loan Approvals Worth $93 Billion |
| Posted by: Skidmark 2025-05-25 00:44 |