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Posted on 08/25/2025 7:05:09 AM PDT by BenLurkin
Commerce Secretary Howard Lutnick canceled an Biden administration agreement Monday to distribute billions of dollars for semiconductor research through a nonprofit set up and staffed by former political appointees, according to a letter obtained by The Post.
The 2022 CHIPS and Science Act provided for $11 billion in semiconductor research and development funding to be given out by the Commerce Department’s National Semiconductor Technology Center.
“Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–Natcast–to administer taxpayer funds,” Lutnick wrote Natcast CEO Deirdre Hanford.
Four days before Biden left office on Jan. 20, Lutnick noted, the Commerce Department agreed to set aside $7.4 billion in “advance payments” to Natcast after spending nearly two years setting it up and tapping administration officials, advisers and allies to fill out positions.
(Excerpt) Read more at nypost.com ...
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Injunction in 5...4...3...2...1
I’m thrilled with stopping the steal, and can hardly wait for the indictments to be announced...
Most injunctions have been overruled with appeals.
Have the petitioners post a bond equal to the grant and pay damages and attorney’s fees if they lose.
Crooks...
HOORAY Howard Lutnick and Lee Zeldin! Another UNaccountable entity and the individuals supporting it.
Our government is beyond corrupt.
That is a hell of a lot of money for a new non-profit with no dossier. Sounds just like the one EPA pulled the funds on, or at least tried to. Where does that stand now?
I hope this sticks and they don’t get our money.
If Democrats funded it, it is a sinkhole of corruption. That is the plain explanation.
It is astonishing. Any time Democrats sink money in to a venture, it simply evaporates as if it were never printed, and more money is printed to drive the cost of everything else up as the recipients of the money (such as Solyndra and the “effort” to build EV charging stations)
Of course, the money doesn’t “evaporate”. It “evapoRATes”. That money all goes somewhere, into someone’s pocket.
And to paraphrase George Carlin: “It’s a big club, and Conservatives ain’t in it.”
Its not whether you win or lose,its how well you’re media can propagandize the effort to keep the base sufficiently brainwashed,maintain the hate and anger until it eventually boils over. Besides, when has the left ever allowed a ruling or a law stop their narrative?
Another Slave Party money-laundering operation.
“non-profits” sure seem to make a lot of money. I wonder how they do it.
Communist corruption has no limits...
“Rather than establishing these operations within the Department, however, Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–
Thats gonna smart.
RICO statute. Bring it on against the Biden pal, Biden, and whoever else was involved. Let’s see a perp walk already.
What a Democrat scam. Same as there are loads of dialed in Democrat donors, who have made zillions off the global warming scam.
Now do Trump’s “investment” in companies.
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