DEMS ARE THE MAKE RED CHINA GREATER PARTY
James Biden is Joe Biden’s younger brother and Hunter Biden’s uncle. James and Hunter were business partners with CEFC China Energy Co., an organization closely linked to the Chinese Communist Party (CCP).
Biden's Inflation Reduction Act, Meant To Counter China, Prompted Explosion in Chinese Battery Imports
Imports of Chinese lithium batteries have increased more than 500 percent since Biden took office
In July 2022, weeks before President Joe Biden signed the Inflation Reduction Act into law, the Democrat said the bill would "give us the ability … to compete with China" and its dominant battery industry. One year later, U.S. imports of Chinese-made batteries jumped to record highs, according to a Washington Free Beacon review of Census Bureau data.
Biden's flagship climate bill created several subsidies to facilitate America's transition to a green energy economy, including tax credits of $7,500 for electric vehicles, $1,000 for electric vehicle chargers, and 30 percent of the cost of installing solar panels. But China has a stranglehold on the global supply of rare earth materials needed to produce those technologies, and trade data show that imports of Chinese electric vehicle components have exploded since Biden signed the Inflation Reduction Act into law.
American imports of Chinese lithium-ion batteries—a critical component in electric vehicles—have increased over 500 percent since Biden took office, Census Bureau data show. In 2020, the year before Biden took office, the United States imported just $2 billion worth of lithium-ion batteries from China. In 2023, imports of Chinese lithium-ion batteries jumped to over $13 billion.
The import increase was especially pronounced after Biden signed the Inflation Reduction Act. From January 2021 through July 2022, before Biden signed the Inflation Reduction Act into law, lithium-ion battery imports from China averaged $473 million per month. After the law was signed, imports averaged over $1 billion per month.
The 2023 figure likely represents just a fraction of China's total haul from Inflation Reduction Act subsidies, according to James Madison Institute senior vice president Sal Nuzzo. Nuzzo noted that China is sidestepping rules that prohibit subsidized products from using battery materials from China or other "foreign nations of concern."
"Nearly 70 percent of cobalt is produced in Africa, mainly in the Congo," Nuzzo told the Free Beacon. "Okay, so the country may be friendly. However, the mine is owned by a Chinese conglomerate or a multinational controlled by the Chinese government. So you can put the regulation in place—it's got to be sourced from a friendly country. But who owns the facility that the materials are coming out of?"
"When you peel back the onion, it becomes clearer and clearer that the provisions in the IRA basically could have been written directly by the Chinese Communist government," Nuzzo continued. "Even the things that conceivably are designed to try and limit the expansion of Chinese influence are written in a way where it's abundantly clear there are workarounds."
Indeed, a 2022 Energy Department report acknowledged that China has "across the board" control of the global supply of rare earth materials needed for clean energy technologies. And the Biden administration has moved in recent months to neuter "Buy American" provisions in the Inflation Reduction Act and the earlier $1 trillion infrastructure law, to China's benefit.
Most recently, in 2023, the Biden administration waived "Buy American" requirements for federally funded electric vehicle chargers. The 2021 infrastructure law included $5 billion to build out a nationwide network of charging stations, but as of December, only two states have opened stations funded by the measure, the New York Times reported.
Sen. Marco Rubio (R., Fla.) spearheaded a bill to block the waiver, saying the funds should be used to buy charging stations "made by Americans in America using American products."
But Biden vetoed the bill, which passed Congress with bipartisan support from Sens. Sherrod Brown (D., Ohio) and Joe Manchin (D., W.Va.), in January. The president said in a statement that domestic manufacturers need more time to ramp up production.
"There is absolutely no sane reason to funnel taxpayer dollars to Chinese companies," Rubio said following Biden's veto. "President Biden should act in the interest of the American people, follow the bipartisan wishes of Congress and stop favoring foreign industry."
Published under: Biden Administration , China , Electric Cars , Green Energy , Inflation Reduction Act
Media Admit Joe Biden Involved in Lucrative ‘Americore’ Deal with Brother James
Politico national political correspondent Ben Schreckinger admitted Sunday that President Joe Biden was involved with James Biden in the family’s lucrative “Americore” deal.
The article appears to contradict Politico reporting in October that no “smoking gun” exists that proves any Biden family wrongdoing. Politico, a publication that tried to dismiss the Hunter Biden laptop story, typically works to suppress the Biden business scandal.
The outlet reviewed information that shows that “Joe Biden’s name and inner circle were more involved with the company than has been understood,” Schreckinger acknowledged:
The investigation also reveals that Joe Biden’s name and inner circle were more involved with the company than has been understood: In addition to the accounts provided by former executives, investor materials described Jim Biden as an adviser to his older brother. And on top of Joe Biden’s own previously reported encounter with the firm’s CEO, at least three of Joe Biden’s relatives did work with Americore. They include Jim Biden’s wife, Sara, and his son, Jamie. The president’s son, Hunter Biden also met with its CEO, and his personal doctor — current White House physician Kevin O’Connor — joined a meeting with Jim Biden and the president of a hospital being acquired by Americore, according to a former executive and emails obtained by POLITICO.
Politico’s change in turn comes months after House Oversight Committee chair James Comer (R-KY) produced findings in October about Americore and a $200,000 check landing in Joe Biden’s bank account.
House Oversight and Accountability Committee Chair James Comer, R-Ky., exits a secure facility to speak to reporters about his investigation into President Joe Biden’s family (AP Photo/J. Scott Applewhite).
Comer believes the $200,000 payment is suspicious because the money flowed through a distressed entity, Americore, which loaned James Biden $600,000. On March 1, 2018, Americore wired him $200,000. That same day, James Biden sent Joe Biden a $200,000 check.
James Biden denied the $200,000 check he gave Joe Biden was due to a preexisting business relationship. He insisted, instead, that the money was a return payment for money Joe Biden lent him. Comer requested the alleged “loan documents” the Biden brothers might have consummated, but the White House stonewalled the request.
In media appearances, Comer blew holes into James Biden’s claims and stated his story was contrived “out of their rear end,” Breitbart News previously reported:
Let’s say they pull something out of their rear end that says Joe Biden loaned Jim Biden money — either way, we have his [James Biden’s] personal bank records. I can say, with confidence, he had no money to pay Joe Biden back other than that 200,000-dollar wire that came from Americore Health company.
…
So either Joe Biden was paid $200,000 as part of the influence-peddling scheme payback, kickback, dividend, or Joe Biden actually made a loan to his brother, and because his brother influence-peddled Americore Health, he paid him back $200,000.
The outlets further reports:
In September, the Securities and Exchange Commission accused one of Jim Biden’s business partners of fraud related to loans to the company, allegations the business partner has denied.
Meanwhile, the Justice Department found that Americore’s hospital in Pennsylvania entered into sham service agreements and paid kickbacks as part of a scheme that billed the government for medically unnecessary lab tests the hospital shipped out to be performed elsewhere.
Those actions are at the center of a federal prosecution of a $100 million conspiracy to defraud Medicare that has netted a guilty plea from the recipient of the kickbacks, and, according to a person familiar with the case, remains ongoing.
Politico’s acknowledgment of the Americore money wire comes as James Biden is set to sit for a disposition with the House impeachment inquiry. In September, Comer subpoenaed James Biden’s Lion Hall Group and JBBSR, Inc., entities. The subpoena appeared directed at obtaining records linked to Joe Biden’s corporation, “CelticCapri Corp,” which received nearly $10 million in 2017 without specifying revenue line items.
James Biden is Joe Biden’s younger brother and Hunter Biden’s uncle. James and Hunter were business partners with CEFC China Energy Co., an organization closely linked to the Chinese Communist Party (CCP).
Through Suspicious Activity Reports (SARs), the committee discovered in March that Biden associate Rob Walker received a $3 million wire transfer from CEFC. In turn, four Biden family members — Hunter, James, Hallie, and an unidentified “Biden” — received a collective $1.3 million cut from the $3 million wire transfer.
Breitbart News’s Editor-in-Chief Alex Marlow detailed further information about the Bidens’ “Americore” deal here.
Wendell Husebo is a political reporter with Breitbart News and a former GOP War Room Analyst. He is the author of Politics of Slave Morality. Follow Wendell on “X” @WendellHusebø or on Truth Social @WendellHusebo.
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