In a bombshell revelation on Capitol Hill, Senator John Kennedy (R-LA) exposed what he described as a “Democrat money laundering operation” that funneled an eye-popping \$93 billion in taxpayer-backed loans to politically favored, unqualified companies—just weeks before President Biden exited the White House.
During a fiery May 23 Senate Appropriations Committee hearing, Sen. Kennedy grilled Department of Energy Secretary Chris Wright, demanding answers for what happened in the 76-day window between President Trump’s election victory and Biden’s departure. The numbers? Staggering. Kennedy pointed out that *\$93 billion* left the DOE’s Loan Programs Office during that lame-duck stretch—more than double the total in the previous *15 years* combined.
“How do you vet even one loan properly in 76 days?” Kennedy pressed. “Let alone nearly \$100 billion?” Secretary Wright didn’t dispute the figure. Instead, he admitted bluntly, “I think it’s probably pretty clear it wasn’t done in many cases.”
Translation: under Biden, taxpayer money was shoveled out the door with little to no oversight—funneling billions to green energy cronies, corporate shell games, and politically connected firms that couldn’t even provide basic business plans.
Yes, you read that right. Secretary Wright admitted on the record that loans were handed out to companies **with no business plans and no financial data.**
“So, you’re telling me the Department of Energy, before your boss left office, gave out taxpayer money to companies that didn’t even have a business plan?” Kennedy asked.
Secretary Wright’s response? An astonishing “yes.”
And it gets worse. Wright acknowledged that this wasn’t just a last-minute scramble. The pattern of irresponsibility had been underway long before the election, as the Biden administration treated the DOE’s loan program as a political slush fund—raiding it for pet projects and progressive fantasies.
“I’ve come in with great concern about how this great American institution has been run,” Wright said. “And how American taxpayer money has been handled.”
To call it reckless would be generous. What we’re looking at is a grotesque abuse of federal power—what Senator Kennedy called a de facto *money laundering operation* executed under the nose of the American people. Billions handed to unqualified, unelected operatives under the guise of “green energy progress,” with no accountability, no vetting, and no respect for the hardworking taxpayers who funded it.
Kennedy, never one to mince words, hinted at what many Americans are already thinking: this wasn’t just mismanagement—it was corruption.
In closing, Secretary Wright—appointed by President Trump to clean up the mess—praised Trump’s courage in taking on Washington’s entrenched culture of waste and cronyism. “He’s willing to take the heat,” Wright said. “Make the changes you need to make to better serve American taxpayers and American consumers.”
This latest scandal underscores the urgent need for a complete audit of Biden-era energy loans—and a renewed commitment to transparency, accountability, and putting *America first* again. President Trump promised to drain the swamp. Senator Kennedy just uncovered a piece of it.
