What happened the last time Biden had billions to blow on the green agenda?

The passage of the Democrats’ $369 billion climate package will allow President Joe Biden to pour billions of taxpayer money into green energy infrastructure and climate change prevention; despite the failure to effectively administer billions in green funds when he was vice-president during the Obama administration.

The ‘American Recovery and Reinvestment Act’, passed in 2009 during President Barack Obama’s first term, included $90 billion for similar environmental measures, according to White House archives. Then-Vice President Biden was placed in charge of overseeing the Recovery Act’s funds, which did not lead to development but instead the loss of massive sums of taxpayer money, according to Biden’s campaign website.

“As the architect of the Solyndra fiasco, it’s clear Joe Biden’s record on managing energy dollars is abysmal,” Larry Behrens, communications director of Power The Future, told the Daily Caller News Foundation.

Biden provided a $535 million federal loan to Solyndra, a solar panel company, in September 2009, in an effort to expand renewable energy, according to White House archives. Solyndra went bankrupt in September 2011, meaning that the loan did not go to use, this prompted a Treasury Department investigation into the company’s finances, ABC News reported.– READ MORE

Related Articles

Hot Wire — They Warned You About this Crew 250+ Years Ago

***************************** SUBJECT: HOMELAND SECURITY AND DOD MEETING STAFF: Chief, Deputy Chiefs of Staff, Steven Munoz, Troup Hemenway, and Joseph Guy, Acting Director of ICE, Todd Lyons, CBP Commissioner, Rodney Scott, Liaison Officer, DoD, Philip Hegseth ATTENDEES: Pete Hegseth, Secretary of Defense General Dan Caine, Chairman of the Joint Chiefs of Staff General Gregory Guillot, NORTHCOM…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

(PREMIUM) PAINE IN THE MORNING: What you need to know this Monday – August 15, 2022

Here’s what you need to know today, Monday– August 15, 2022. There is also an ad free audio version of this episode you can listen to BELOW Congress Just Passed the Inflation Reduction Act. It Will Hike Taxes on Some Middle-class Households. – Congressional Democrats have put the finishing touches on a questionable bet: that higher…

To access this post, you must purchase The Hot Wire, The Hot Wire (DG), Monthly Supporter​ or Monthly Supporter​ (DG).

HOT WIRE — Transcript IC U (Part 2)

TRANSCRIPT from previous show 00:00:01,300 –> 00:00:46,840 Welcome back, folks. Hotwire, and we’re doing… I got this weird glare, like almost like a lightning bolt that’s coming down from heaven right through the middle of my head. So trying to, uh, stop that glare, and, uh, hopefully we did it. But anyway, maybe it’s a,…

To access this post, you must purchase The Hot Wire or The Hot Wire (DG).

Responses