THE BIDEN KLEPTOCRACY
RIDING THE DRAGON: The Bidens' Chinese Secrets (Full Documentary)
Schweizer: ‘It’s Going to Be Business as Usual’ for Hunter’s Dealings
On Wednesday’s broadcast of the Fox News Channel’s “Hannity,” Breitbart News senior contributor Peter Schweizer said he reads President Biden’s statements about his son Hunter’s deals as a declaration that “it’s going to be business as usual in the Biden administration as far as these deals are concerned.”
Schweizer said, “Joe Biden has said there are going to be no sketchy overseas deals during his second term. Here’s the problem: He does not believe that the early deals that Hunter was involved in, the China deal, Burisma, he’s never described those as sketchy. So, I read that as saying, it’s going to be business as usual in the Biden administration as far as these deals are concerned.”
Follow Ian Hanchett on Twitter @IanHanchett
Chris Hedges: How Republicans, Democrats, and the Media Have Weakened US Democracy
Report: Biden’s Campaign Benefited from Record Amount of ‘Dark Money’
President Joe Biden’s successful 2020 White House bid benefited from an extensive record-breaking amount of “dark money,” according to a new report.
Bloomberg News noted earlier this week that outside political groups—not officially associated with Biden’s campaign, but working to support his chances at victory—spent and raised more than $145 million from anonymous donors.
“That amount of dark money dwarfs the $28.4 million spent on behalf of his rival, former President Donald Trump,” Bloomberg reported. “And it tops the previous record of $113 million in anonymous donations backing Republican presidential nominee Mitt Romney in 2012.”
The money, while significant, was only a fraction of the $1.5 billion spent on Biden’s behalf this last cycle. The president, himself, raised more than $1 billion through his own campaign committee, according to the Center for Responsive Politics.
A further $578 million was raised by Super PACs and other political groups. This figure includes the $145 million in “dark money” that was raised by political non-profits that are not required by law to disclose their donors.
Generally, such non-profits either raise the money and spend it themselves or transfer it to larger Super PACs working on a candidate’s behalf. Although Super PACs are not allowed to coordinate directly with the campaigns of specific candidates, there is no limit to how much they can raise on that candidate’s behalf, provided they disclose every donor. Political non-profits, however, often act as a shield since they too can raise unlimited amounts of money without having to disclose their donors.
During the 2020 election cycle, such practices heavily benefited Democrats. The Center for Responsive Politics notes that more than $326 million in “dark money” was spent to aid Democrats this last cycle. Meanwhile, only $148 million was used to support Republican groups.
Democrats, including Biden, accepted the help from “dark money” groups, even as they argued in favor of tighter regulations on campaign spending. Biden, in particular, unveiled a proposal last year that specifically called for an “end [to] dark money groups.”
While Biden was championing that idea, though, “dark money” groups were mobilizing to see him elected president. As Breitbart News reported in October 2020, a super PAC backed by Silicon Valley donors and boosted by “dark money” spent substantially to run attack ads against Trump in the final weeks of the White House contest.
Biden Energy Pick Set to Make Millions from Prominent Energy Company
Jennifer Granholm's ties to energy industry will likely lead to conflicts of interest
Former Michigan governor Jennifer Granholm, President Joe Biden's pick for energy secretary, could pocket up to $5 million for stepping down from a prominent position with a Silicon Valley energy company.
Granholm will relinquish her spot on the board of Proterra, Inc., an electric-vehicles manufacturer, if she is confirmed by Congress. She will also sell off all stocks in the company, resulting in a windfall. Disclosure forms show that Granholm's stock in Proterra is valued between $1 and $5 million. She will also divest from other energy companies, including First Solar, a solar-panel company, and Duke Energy, an electric company. These investments would bring Granholm an additional $2,000 to $30,000.
Granholm's close ties to the energy industry are likely to raise conflict-of-interest concerns. In addition to her role with Proterra, Granholm does consulting work for startups and businesses in the clean-energy, transportation, and advanced-manufacturing sectors. As energy secretary, Granholm would push Biden climate policies that would provide a lucrative boost to those sectors.
The industry has already seen an uptick since Democratic victories in the 2020 elections and Georgia runoffs.
"Renewable energy stocks have shot up since the Georgia Senate runoff and it's reasonable to ask why that would be," said Josiah Neeley, an energy expert at the R Street Institute. "If it's because the prospects of cheaper, more efficient renewable energy have suddenly brightened, that would be a good thing. If it's that the renewable industry is more likely to get more subsidies and loan guarantees, that might be good for the companies, but not so good for the taxpayers."
The renewable-energy sector will expand under Biden as he seeks to hit net-zero greenhouse-gas emissions by 2050. This goal would require a massive electric-vehicle push. Companies such as Proterra, a leading electric-bus manufacturer, could stand to benefit from such policies.
Granholm also helps run Granholm Mulhern Associates, a firm she co-owns with her husband, Daniel Mulhern. As part of her role with the firm, Granholm provides consulting services to clean-energy companies. The firm will dissolve when she leaves the energy sector—but Mulhern intends to launch a new consulting firm solely in his name, which will bring over his current clients.
Andrew Bates, a Biden transition spokesman, told the Washington Free Beacon that Mulhern will divest from his stocks, which include between $16,000 and $75,000 in First Solar and Duke Energy. Bates said that Mulhern will not consult with energy companies.
Granholm is not the only Biden nominee likely to raise conflict-of-interest concerns. Gen. Lloyd Austin, Biden's pick for defense secretary, stands to make up to $1.7 million by leaving the board of defense contractor Raytheon, while Janet Yellen, Biden's nominee for treasury secretary, was paid more than $7 million for speeches to Wall Street firms and other major corporations.
Granholm did not respond to a request for comment.
THE GREATEST TRANSFER OF WEALTH IN AMERICAN HISTORY OCCURED DURING THE BANKSTER REGIME OF LAWYER BARACK OBAMA, LAWYER JOE BIDEN AND BANKSTERS' RENT BOY, LAWYER ERIC HOLDER. LISTEN TO THE BELOW VIDEO FOR MORE:
(BELOW EPOSES BIDEN'S BANKSTER APPROVED HEAD OF FED RESERVE, JANET YELLEN, A DEDICATED SERVANT, LIKE BIDEN AND HARRIS, OF BIG BANKSTERS)
Economic Update: Noam Chomsky on Prospects & Tasks as 2021 Begins
Noam Chomsky: Where the Left Goes After Trump (2021 Interview)
Chris Hedges and Cornel West in Conversation - Wages of Rebellion | The New School
Chris Hedges "The Politics of Cultural Despair"
Chris Hedges: Who Killed the American Dream? | On Civil Society | August 27, 2018.
Ron Paul on the next economic collapse, America's future, and universal basic income
(Pt. 1/2)
How poor people survive in the USA | DW Documentary
THE BIDEN KLEPTOCRACY
RIDING THE DRAGON: The Bidens' Chinese Secrets (Full Documentary)
Schweizer: ‘It’s Going to Be Business as Usual’ for Hunter’s Dealings
On Wednesday’s broadcast of the Fox News Channel’s “Hannity,” Breitbart News senior contributor Peter Schweizer said he reads President Biden’s statements about his son Hunter’s deals as a declaration that “it’s going to be business as usual in the Biden administration as far as these deals are concerned.”
Schweizer said, “Joe Biden has said there are going to be no sketchy overseas deals during his second term. Here’s the problem: He does not believe that the early deals that Hunter was involved in, the China deal, Burisma, he’s never described those as sketchy. So, I read that as saying, it’s going to be business as usual in the Biden administration as far as these deals are concerned.”
Follow Ian Hanchett on Twitter @IanHanchett
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