Climate and manufacturing projects that Democrat President Joe Biden handed massive subsidies to are failing, despite receiving billions of dollars in taxpayer money.
A Financial Times investigation published Monday found that $84 billion worth of Biden’s flagship climate and industrial initiatives are now failing.
The floundering projects backed by the White House are now paused or delayed, the report revealed.
The president’s Inflation Reduction Act (IRA) and Chips and Science Act pumped huge sums of cash into advancing the Democrats’ green agenda by boosting EV manufacturing.
Of the nearly $228 billion of manufacturing projects worth more than $100 million that are subsidized by Biden’s legislations, roughly 40% — totaling $84 billion — are paused or delayed, the outlet reported. […]
– Read More: slaynews.com
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