Posted on 12/11/2021 12:46:12 PM PST by Hojczyk
The Washington Free Beacon reported:
A solar energy company owned by a Biden megadonor received a $500 million government loan to build a manufacturing facility in India, the Biden administration announced this week, raising questions about whether the company’s political clout played any role in the financing decision.
The U.S. International Development Finance Corporation granted the loan to First Solar, which is owned by billionaire Walmart heir Lukas Walton, to build a solar module plant in India. Walton contributed over $300,000 to President Joe Biden’s campaign last year, and over $100,000 to the Democratic National Committee, according to campaign finance records.
The loan to First Solar is the “largest single debt financing transaction” issued by the DFC, the agency announced this week. The DFC said the investment in the India project will “promote DFC’s commitment to diversifying supply chains,” following demands from lawmakers that the agency avoid funding any solar projects connected to forced labor in China.
Ethics watchdogs said the loan raises questions about whether First Solar’s political connections played a role in the DFC’s decision. The federal financing agency, which was formerly known as the Overseas Private Investment Corporation, has faced criticism in the past for funding projects linked to political donors. The loan also comes nine years after the Obama administration came under fire for approving $3 billion in loan guarantees to the same company—funding that Republican lawmakers alleged the company wasn’t qualified to receive.
On September 6, 2011, Solyndra, a ‘solar energy startup’ that received a $535 million loan from the Obama Regime, filed for bankruptcy.
(Excerpt) Read more at thegatewaypundit.com ...
WTF? American tax payer money to create jobs in India. What is wrong with us that this is acceptable?
Is this the same company that used to be based in Hayward, Ca.?
They went bankrupt and suddenly shut down during Berrys presidency.
Put a lot of people out of work.
Joe Biden just wants to be loved by everyone. Giving away taxpayer money is a great way to do it.
And then when this company folds up and goes bankrupt, the taxpayers will be stuck for it like every other govt. guaranteed loan that goes south.
Why the question mark in the title? Is there any doubt?
A big f. Ing deal according to Brandon.
Boy, I would like to read that loan analysis.
I thought the current administration said all the out of work coal miners were supposed to get those jobs.
https://freeamericanetwork.com/john-kerry-coal-miners-oil-drillers-can-make-solar-panels/
“What President Biden wants to do is make sure that those folks have better choices… That they can be the people to go to work to make the solar panels.” pic.twitter.com/i9TYXlD9Jg
— Daily Caller (@DailyCaller) January 27, 2021
Contribute 300k and receive 500 million from taxpayers . And pay to be paid continues in DC. Isn’t this a great country ? Full of fraud and swindlers at the highest levels too !!!
10% for the big guy.
Hunter Biden paintings for sale!! Get your Hunter Biden painting!
Why should a billionaire get a loan from the US taxpayers?
Make India Great Again - apparently. And no cost to the billionaire if it fails.
BUSINESS AS USUAL
Thr Biden administration is setting new standards for corruption. If Trump did this 90% of Lame Street Media newscasters would be shouting 24/7 for his impeachment.
Geriatric Joe Quid Pro Quo strikes yet again.
Why should a billionaire get a loan from the US taxpayers?>>>>>>>>>>>>
Its simple.
So hunter Biden can secure millions of dollars in stock options from the Solar Company.
You are probably right. We are under the control of a criminal cartel in DC.
Not any different when Americans buy more Chinese made stuff, with a huge trade deficit. Those manufacturing jobs are exported to China.
China figured 4 decades ago that manufacturing creates the most wealth, and China is now the wealthiest country in the world. (Not per capita wealth, just total wealth).
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