water carrier here.....Biden Adm GAVE about 11 billion to Intel with part coming from Chips Act passed by Biden. Money goes to Intel from Biden with taxpayer getting nothing in return out of this give away. Trump at least redirected how the money will be used where taxpayer will have some common stock value on the Biden give away. I think the 11 billion represents about a 10% stake in Intel.
let's think...how many billions did Obama and Biden give to "green" or woke companies that soon went bankrupt/out of business enriching leftists owners?
(AI Google):
Obama administration bankruptcies
The most well-known example of a failed green energy company is Solyndra, a solar panel manufacturer that went bankrupt in 2011.
- Solyndra: A solar panel manufacturer, Solyndra received a $535 million federal loan guarantee and filed for bankruptcy in 2011, putting more than 1,000 people out of work. The government (taxpayers) took a $528 million loss.
- Abound Solar: This solar panel maker received a $400 million loan guarantee but filed for bankruptcy in 2012. Taxpayers lost between $40 million and $60 million from the roughly $70 million the company had drawn down.
- Fisker Automotive: This electric car company received a $529 million loan guarantee but only drew down $193 million before filing for bankruptcy in 2013. The government sold the debt for a much smaller amount.
- A123 Systems: A manufacturer of defective electric car batteries, A123 Systems received $132 million in DOE loan guarantees before going bankrupt in 2013
Biden administration loan issues
Under the Biden administration, the DOE's Loan Programs Office (LPO) has expanded significantly due to the Inflation Reduction Act. While there have been no high-profile bankruptcies on the scale of Solyndra yet, some projects have been cancelled, leading to taxpayer losses.
- Grain Belt Express: The DOE terminated a conditional commitment for a $4.9 billion loan guarantee for this clean energy transmission line project in July 2025, with officials citing that the necessary conditions were unlikely to be met.
- Cancelled clean energy grants: In May 2025, the DOE terminated 24 awards totaling $3.7 billion in taxpayer-funded assistance for projects under the Office of Clean Energy Demonstrations. A review found that the projects were not economically viabl