Your tax dollars at work.
Posted on 06/04/2022 2:54:25 PM PDT by elpadre
President Biden has tucked another $500 million to fund production of the minerals used to make batteries for electric cars into the Ukraine aid bill passed by Congress.
Both Biden and Ukrainian leaders had said that the $40 billion emergency aid package was essential for Ukraine's war against Russia. But tucked into that package was not only military aid but half a billion dollars to be allocated under the Defense Production Act to companies obtaining critical battery minerals like nickel, cobalt, lithium and graphite, Bloomberg first noted.
That's in addition to the $750 million the Defense Department (DOD) was authorized to dole out to mining companies in March when Biden first invoked the Defense Production Act for critical minerals.
Those funds also build on the $7 billion in federal funding from the bipartisan infrastructure bill last year that companies are now vying for to bankroll the refining, manufacturing and recycling of electric vehicle batteries.
The $40 billion Ukraine aid bill included $20 billion to fund direct transfers of advanced weapons systems to Ukraine, $8 billion in general economic support, $5 billion to address food shortages across the globe and over $1 billion in support for refugees, in addition to the $500 million for mineral production. The bill passed 86 to 11 in the Senate.
The Pentagon has so far only handed over about $700 million of that package in military assistance to Ukraine.
Biden is forging ahead with subsidies for electric vehicles even without his Build Back Better bill, which fell apart due to inflation concerns.
Build Back Better had included $320 billion for clean energy, but talks petered out as inflation started to rise. Now with inflation higher than it's been in 40 years at 8.3 percent, Biden has been taking heat from both sides for his loose spending
(Excerpt) Read more at dailymail.co.uk ...
and more:
“..Biden’s goal is to have half of cars and trucks on the road producing zero emissions by 2030, a goal that would have to see current EV manufacturing grow 15-fold, according to DOD documents viewed by Bloomberg. ..”
Biden is seeing green!!! He is completely in their control!!
Corrupted institution. They have been doing this for years
I doubt that Jojo has any more notion of this than I do.
The old creep is lost in the fog of the back pages of the windmills and canyons of his mind.
There’s not much left of him except rage and confusion.
Libtards love mining again 🤪
and the Big Guy pockets another 50 million taxpayer dollars
Your tax dollars at work.
It’s how Biden gets paid.
Oops my math was wrong …. From the amounts shown in this article the Big Guy pockets nearly 5 billion taxpayer dollars ….. and that is billions for the biden crime family of taxpayers’ money
And the skim off the top for sure
2030 is their Armageddon
They all have. Check Romney bank account. (Or at least his son’s)
Yep. That 40 billion is going to be laundered and it’s several politicians retirement.
Did Hunter help with the deal?
He is the bag man back to the Big Guy…
It might happen... since we won't be able to afford gas for gas-powered vehicles... and if there's no supply problems... and if we can still generate electricity... and if nobody drives more than 150 miles from home... and... and...
They plan to ban the sale of new gas/diesel vehicles before 2030, they’re crazy
https://www.renewablematter.eu/articles/article/ukraine-all-lithium-reserves-and-mineral-resources-in-war-zones
"Ukraine's mineral wealth is one of the reasons why this country is so important to Russia,” said Rod Schoonover, former director of the Environment and Natural Resources Section of the U.S. National Intelligence Council. A wealth confirmed by the fact that Ukrainian lithium had begun to attract global attention as early as last year, before the Russian invasion halted exploration. Last November, in fact,
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President Biden has...
Stop there. He doesn’t make any decisions.
Obama is running the show.
I bet less than 10% of tthat money goes to anything remotely related to Ukraine. This was just an excuse to get back somw of the money Manchin blocked.
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