Commerce Secretary Howard Lutnick voids
‘illegal’ $7.4B payment to Biden ally-staffed
nonprofit for semiconductor research
New York Post,
by
Josh Christenson
Original Article
Posted By: JoElla Bee,
8/25/2025 7:05:53 PM
WASHINGTON — Commerce Secretary Howard Lutnick canceled an Biden administration agreement Monday to distribute billions of dollars for semiconductor research through a nonprofit set up and staffed by former political appointees, according to a letter obtained by The Post.
The 2022 CHIPS and Science Act provided for $11 billion in semiconductor research and development funding to be given out by the Commerce Department’s National Semiconductor Technology Center.[snip]“…Biden Administration officials spent significant time, effort, and resources creating an unaccountable, outside entity–Natcast–to administer taxpayer funds,”
Post Reply
Reminder: “WE ARE A SALON AND NOT A SALOON”
Your thoughts, comments, and ideas are always welcome here. But we ask you to please be mindful and respectful. Threatening or crude language doesn't persuade anybody and makes the conversation less enjoyable for fellow L.Dotters.
Reply 1 - Posted by:
DVC 8/25/2025 7:10:40 PM (No. 1995421)
Another Demonrat slush fund cut off from the slush.
77 people like this.
Reply 2 - Posted by:
BeatleJeff 8/25/2025 7:11:52 PM (No. 1995422)
You know that most of that unaccountable cash would have been funneled straight to the DNC in the guise of campaign donations.
69 people like this.
Reply 3 - Posted by:
halfnorsk 8/25/2025 8:02:46 PM (No. 1995452)
At the bottom of this pile of steaming excrement, don't be surprised if you find Stacy Abrams.
62 people like this.
Reply 4 - Posted by:
itsonlyme 8/25/2025 8:08:33 PM (No. 1995456)
From the article:
"Four days before Biden left office on Jan. 20, Lutnick noted, the Commerce Department agreed to set aside $7.4 billion in “advance payments” to Natcast after spending nearly two years setting it up and tapping administration officials, advisers and allies to fill out positions."
"Natcast’s selection committee included Biden White House alums like Jason Matheny, former deputy director for national security in the White House Office of Science and Technology Policy; and Kendra Wilkerson, the CEO of a nonprofit that “promotes greater equality for women and nonbinary professionals in technology fields,” according to the Biden Commerce Department."
"Donna Dubinsky, another Natcast executive, worked as senior counselor to former Commerce Secretary Gina Raimondo and signed off on the nonprofit’s 501(c)(3) status."
"Susan Feindt, the Biden Commerce Department’s vice chair of its CHIPS Act advisory committee, is now the senior vice president of ecosystem development at Natcast."
"Jeremy Licht, the former chief counsel on semiconductor incentives at the Biden Commerce Department, is now the general counsel at Natcast."
Part of the rancid pukes have been identified.
The Demented Fuhrer.
52 people like this.
Reply 5 - Posted by:
downnout 8/25/2025 8:18:29 PM (No. 1995464)
Another NGO to oversee the distribution of funds??!!? NO! Not another dime to these so-called non- governmental organizations! 90% of them are nothing more than slush funds for Democrat lawmakers, their families and friends. Elon and his DOGE clan found that over 80% of the money in USAID was disbursed in DC and the surrounding area. Let them starve.
64 people like this.
Reply 6 - Posted by:
Venturer 8/25/2025 8:26:48 PM (No. 1995472)
In other words they were getting ready to steal the large share of those Billions of Dollars.
49 people like this.
Reply 7 - Posted by:
halfnorsk 8/25/2025 9:04:14 PM (No. 1995483)
How much was the Big Guy going to get?
51 people like this.
Reply 8 - Posted by:
MickTurn 8/25/2025 9:41:47 PM (No. 1995494)
It is obvious that NGO Thugs don't know the first thing about semiconductor research.
Oh, I forgot, I once saw a semiconductor and that makes me an expert.
29 people like this.
Reply 9 - Posted by:
franco 8/25/2025 10:03:06 PM (No. 1995507)
Do any of these NGO "employees" have *any* experience in the semiconductor industry? I'm betting no -- as others have noted, it was just another parasitic entity set up to siphon funds meant for semiconductor research activities off into enterprises having nothing to do with semiconductors, but strongly allied with the Democrat Party. In other words, just a variation on the USAID shell game. And for all we know, that money just might have been "invested" in "semiconductor research" entities that were nothing more than pass-through cut-outs to send money to China (same scheme as was used to send NIH money to Wuhan). And for those who were wondering, there's likely a Chinese entity that won't be getting paid now, so "the big guy" won't be getting his 10%.
31 people like this.
Turns out, Solyndra was nothing. Is there no end to the amount of money the American taxpayers have been fleeced for over the last 4 years? Decade? Since the turn of the century?
33 people like this.
Reply 11 - Posted by:
JimBob 8/26/2025 1:51:12 AM (No. 1995530)
Gee, I wonder how much these people were PAID to work for this so-called 'non-profit'.
That's why there's no 'profit' in these groups.
All the money disappears into the operator's pockets.
24 people like this.
Reply 12 - Posted by:
danu 8/26/2025 2:59:32 AM (No. 1995533)
love those billions, with a B
11 people like this.
Reply 13 - Posted by:
5 handicap 8/26/2025 5:54:47 AM (No. 1995541)
There's gotta be a way to get any monies already spent returned!!!
20 people like this.
Reply 14 - Posted by:
Strike3 8/26/2025 6:21:02 AM (No. 1995544)
That's a pile of money for one research center. No wonder the Biden family could all live like kings. The smell of corruption.
20 people like this.
Reply 15 - Posted by:
ARKfamily 8/26/2025 6:26:56 AM (No. 1995548)
This article emphasizes my opinion of non-profits. . .
17 people like this.
Reply 16 - Posted by:
Zigrid 8/26/2025 9:10:25 AM (No. 1995632)
It's very obvious WHY the Washington establishment was so worried about President Trump winning the Oval Office again....they knew HE knew all the political tricks now...and even a crazy judge trying and prosecutor determined to take away Trump Towers and millions in fines...only made the president more determined...even two attempts on his life didn't stop him....what a man!!
16 people like this.
Reply 17 - Posted by:
ARKfamily 8/26/2025 9:44:14 AM (No. 1995647)
By the way, if people had the impression that Donald Trump was going to be able to do things "overnight" have forgotten that it took awhile after two terms of the Barack Obama-Joe Biden administration. Donald Trump had the pipeline that would deal with the high prices of gas and the Joe Biden-Kamala Harris administration dismantled it knowing full well what would happen. My opinion is that Joe Biden and Kamala Harris did to the economy what Obama did in eight years. . .
9 people like this.
Reply 18 - Posted by:
paral04 8/26/2025 11:35:47 AM (No. 1995700)
Time to claw back all that money that went through that shell agency. Maybe those responsible can be cell mates.
6 people like this.
Reply 19 - Posted by:
TCloud 8/26/2025 2:55:02 PM (No. 1995780)
For the DNC everyday was Palm Sunday!
1 person likes this.
Reply 20 - Posted by:
oldmagnolia 8/26/2025 4:35:43 PM (No. 1995810)
#2 that is what non profits do.
0 people like this.
Below, you will find ...
Most Recent Articles posted by "JoElla Bee"
and
Most Active Articles (last 48 hours)