Sec. Wright: Biden Rushed Out $93 Billion in Green Energy Loans in 76 Days

BECK Let me just ░░░░░░░░ you back here Let ░░░░░░░░ start really with the ░░░░░░░░ Administration There was something ░░░░░░░░ the loan programs office ░░░░░░░░ was started under George ░░░░░░░░ Bush A from what ░░░░░░░░ from what I seen ░░░░░░░░ office from George W ░░░░░░░░ until 2020 had 42 ░░░░░░░░ of loans But in ░░░░░░░░ three months between Election ░░░░░░░░ 2024 and inauguration day ░░░░░░░░ between commitments signed documents ░░░░░░░░ additional commitments 93 billion ░░░░░░░░ loans were made in ░░░░░░░░ in a pretty accelerated ░░░░░░░░ and this in office ░░░░░░░░ doesn t have doesn ░░░░░░░░ have you know really ░░░░░░░░ history of making solid ░░░░░░░░ Can you tell me ░░░░░░░░ s happening WRIGHT Yeah ░░░░░░░░ Glenn the time period ░░░░░░░░ that 43 billion was ░░░░░░░░ the creation of the ░░░░░░░░ over 14 years ago ░░░░░░░░ all the way up ░░░░░░░░ Election Day 2024 So ░░░░░░░░ was 42 billion 15 ░░░░░░░░ up to the Election ░░░░░░░░ when Donald Trump gets ░░░░░░░░ So that s what ░░░░░░░░ did in 15 years ░░░░░░░░ then Trump gets reelected ░░░░░░░░ in 76 days almost ░░░░░░░░ and a half times ░░░░░░░░ much money is either ░░░░░░░░ out or committed to ░░░░░░░░ lent out BECK OK ░░░░░░░░ So I think clearly ░░░░░░░░ s not responsible underwriting ░░░░░░░░ s that s not ░░░░░░░░ we just discovered a ░░░░░░░░ of great opportunities here ░░░░░░░░ Americans BECK Right WRIGHT ░░░░░░░░ s just shoveling a ░░░░░░░░ billion dollars out the ░░░░░░░░ between an Election Day ░░░░░░░░ the next inauguration Just ░░░░░░░░ frightening BECK For for ░░░░░░░░ purpose I mean cause ░░░░░░░░ are names like Solyndra ░░░░░░░░ is it Sunnova Energy ░░░░░░░░ Ridge Li Cycle These ░░░░░░░░ not these are not ░░░░░░░░ that did well in ░░░░░░░░ long run What what ░░░░░░░░ why did they shovel ░░░░░░░░ plus billion dollars out ░░░░░░░░ door in three months ░░░░░░░░ I think it kind ░░░░░░░░ shows that you know ░░░░░░░░ the justification for all ░░░░░░░░ stuff is in this ░░░░░░░░ existential fight against climate ░░░░░░░░ But of course it ░░░░░░░░ t really it s ░░░░░░░░ money and it s ░░░░░░░░ power And so this ░░░░░░░░ funding to what they ░░░░░░░░ were you know desired ░░░░░░░░ or maybe aligned businesses ░░░░░░░░ if they were great ░░░░░░░░ and safe and reasonable ░░░░░░░░ do why didn t ░░░░░░░░ do them in the ░░░░░░░░ and a half years ░░░░░░░░ Right WRIGHT from when ░░░░░░░░ IRA and the infrastructure ░░░░░░░░ jobs act was passed ░░░░░░░░ did they wait until ░░░░░░░░ Election Day when they ░░░░░░░░ the election to realize ░░░░░░░░ now we ll lend ░░░░░░░░ bunch of money And ░░░░░░░░ you mentioned there was ░░░░░░░░ of two categories One ░░░░░░░░ two companies with very ░░░░░░░░ capital backing and successful ░░░░░░░░ on their own right ░░░░░░░░ lot of that is ░░░░░░░░ going to be losses ░░░░░░░░ the American taxpayers That ░░░░░░░░ be on my watch ░░░░░░░░ on their watch because ░░░░░░░░ money just got shoved ░░░░░░░░ the door right at ░░░░░░░░ end And the others ░░░░░░░░ loans to large you ░░░░░░░░ Stellantis 100 year old ░░░░░░░░ manufacturing companies BECK Right ░░░░░░░░ or Rivian a giant ░░░░░░░░ 16 percent owned by ░░░░░░░░ That s got tons ░░░░░░░░ money already Why did ░░░░░░░░ need low cost government ░░░░░░░░ They ve got a ░░░░░░░░ business idea whynot access ░░░░░░░░ capital market BECK So ░░░░░░░░ we get any of ░░░░░░░░ money back WRIGHT We ░░░░░░░░ working hard at that ░░░░░░░░ of these are commitments ░░░░░░░░ if and if they ░░░░░░░░ not legally in compliance ░░░░░░░░ commitments we can not ░░░░░░░░ those deals Unfortunately a ░░░░░░░░ of them are closed ░░░░░░░░ legal things and we ░░░░░░░░ follow the rule of ░░░░░░░░ So I don t ░░░░░░░░ the exact answer to ░░░░░░░░ much is is is ░░░░░░░░ gone and it s ░░░░░░░░ irresponsible taxpayer funds that ░░░░░░░░ can t do anything ░░░░░░░░ There definitely is a ░░░░░░░░ large amount tens of ░░░░░░░░ of dollars that we ░░░░░░░░ do something about And ░░░░░░░░ re on that every ░░░░░░░░ and trying to grow ░░░░░░░░ number of course.”