Biden's Last-Minute $90 Billion Green Energy Loan Rush Sparks Outrage

Uncovering a Massive Last-Minute Spending Spree

In a stunning revelation, U.S. Secretary of Energy Chris Wright has publicly criticized the Biden administration for what he describes as an 'absolutely infuriating' rush to distribute over $90 billion in green energy loans. This significant expenditure occurred in the brief window of 76 days between President Donald J. Trump's reelection in November 2024 and his inauguration in January 2025. The Department of Energy's Loan Programs Office was the conduit for these funds, pushing through commitments at a pace that has raised serious concerns about oversight and accountability.

Secretary Wright, in discussions with media outlets, emphasized the scale of this financial maneuver, noting that the amount exceeds the total loan volume issued by the office over its prior years of operation. The urgency with which these loans were approved has led to questions about the decision-making process during the final days of the previous administration. This action has been seen as a deliberate move to allocate substantial taxpayer money before a change in leadership could alter policy directions.

Official Reactions and Calls for Accountability

The response from the current administration has been swift and pointed. Secretary Wright has expressed a commitment to reviewing these transactions, stating, 'There definitely is a large amount, tens of billions of dollars, that we can do something about.' His determination to reclaim or reallocate these funds reflects a broader intent to ensure that taxpayer dollars are used responsibly and in alignment with the priorities set forth by President Trump.

Further scrutiny comes from other officials, such as Senator John Kennedy of Louisiana, who expressed disbelief at the sheer volume of funds 'shoveled out the door' in such a short timeframe. The focus now is on conducting thorough audits to understand the full scope of these commitments and to determine the legitimacy and future of the projects funded. The Trump administration has already signaled plans to examine billions in energy grants awarded during the prior term, indicating a comprehensive approach to addressing this issue.

Implications for Energy Policy and Taxpayer Trust

The fallout from this last-minute spending spree extends beyond immediate financial concerns. It touches on fundamental issues of trust in how government handles public funds, especially in the critical area of energy policy. The Department of Energy's Loan Programs Office, which was significantly expanded under the Biden administration from a loan authority of $32.7 billion to over $400 billion, became a powerful tool for funding initiatives that may not align with the current administration's goals.

As reviews and audits proceed, there is a clear emphasis on protecting American taxpayers from potential waste or misallocation of resources. The commitment to transparency and accountability under President Trump's leadership aims to restore confidence that federal spending will reflect the values and needs of the nation. This situation serves as a reminder of the importance of vigilance in government operations, ensuring that every dollar spent is justified and serves the public good.