Biden’s $93 Billion Energy Loans: What Really Happened in Those Final 76 Days?
Q: Is it true Biden’s team gave out $93 billion in loans right before leaving office?
Yes. Between November 2024 and January 2025—the 76 days after Biden lost re-election and before Trump took office—Biden’s Department of Energy Loan Programs Office (LPO) approved a massive wave of energy loan commitments totaling approximately $93 billion. This included both fully approved loans and conditional commitments.
Q: Why is this such a big deal?
Because that number is more than double what the LPO had committed in the entire 15 years prior. From the creation of the office until 2021, loan activity was minimal. Senator John Kennedy has publicly called this 76-day surge an abuse of taxpayer funds and accused the administration of skipping due diligence in the rush to get funds out the door.
Q: Was there proper vetting for these loans?
Even the DOE’s own leadership couldn’t confirm that. When grilled by Senator Kennedy, DOE Loan Programs Office director Jigar Shah admitted that due diligence “wasn’t done in many cases.” That’s not just a red flag—it’s an open admission that the agency pushed out billions without full review.
Q: What’s the long-term impact of this?
The loans bind future administrations to massive financial commitments that were pushed through after voters had already rejected the current leadership. Many of these loans may be irreversible, meaning even if Trump wanted to stop them, it could be too late. The bigger concern is whether this sets a precedent for lame-duck administrations to weaponize public funds before leaving office.
Q: How does this compare to past administrations?
From 2009 to 2021, the DOE Loan Programs Office issued less than $46 billion in total loans. Biden’s team issued more than twice that in less than three months. It’s an unprecedented end-of-term payout that has watchdogs and lawmakers asking serious questions.
Q: Where did the money go?
Details are still emerging, but a significant portion of the loans went to large clean energy and semiconductor projects tied to Biden’s climate agenda. Critics argue this was more about locking in ideology than creating long-term value or jobs.
Q: What happens next?
Senator Kennedy and others are calling for audits and possible legal action. The DOE says it will review the deals “penny by penny.” Whether anything gets rolled back depends on legal enforceability and whether new leadership chooses to challenge the payouts in court.
Bottom Line:
The Biden administration pushed out more energy loan commitments in 76 days than the entire previous decade and a half combined. That’s not just business as usual—that’s a power move with your tax dollars. And people are finally paying attention.
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#BidenEnergyLoans #DOE #GovernmentWaste #KennedyGrillsDOE #BidenExitScandal #EnergyScandal #TaxpayerMoney #BidenLoans #EricGilbert
