Back in March, Congress gave the Pentagon $1 billion to combat coronavirus and build up the country’s medical supplies. But instead, the Pentagon diverted most of the money to defense contractors to make things like jet engine parts, body armor, uniforms, and other military equipment.
The money was part of the Cares Act, a $2.2 trillion coronavirus relief bill. It was allocated to the Pentagon under the Defense Production Act, which allows the president to direct companies to manufacture certain products.
The funds were given to the Pentagon to “prevent, prepare for, and respond to coronavirus.” The Washington Post reported that shortly after the stimulus was passed, the Pentagon began funneling hundreds of millions of dollars to defense contractors.
Some of the awards the Pentagon handed out were disclosed by the Post. $183 million went to companies including Rolls Royce and ArcelorMittal to maintain shipbuilding. $80 million went to a Kansas aircraft parts business, tens of millions went towards satellite, drone, and space surveillance technology, and $2 million went to a domestic manufacturer of US Army uniforms.
Some companies that accepted this hand out from the Pentagon also received money from another bailout fund, the Paycheck Protection Program (PPP). The Post found that at least 10 of the 30 companies that received money from the Pentagon also received PPP money.
Portions of the money were doled out to smaller firms, including a group of companies that work on drone technology. But larger firms also received bailout money, like GE Aviation, a subsidiary of General Electric, that received $75 million in June.
Corruption to the Teeth…!
So is this article suppose to shock and awe the reader? Or was the author born yesterday.
What does reporting this have anything to do with the author’s gullibility? Should it just been ignored since the author must know this is a recurring thing? You could say the same thing about damn near every article written here.
To a man with a hammer every problem is a nail.
As if the Pentagram doesn’t rape us enough already.
“A $2 million contract award was made in mid-June to the Connecticut-based American Woolen Company to produce the fabric needed to make the MUCH-CELEBRATED Army Green Service Uniform, designed in homage to the “Pinks and Greens” uniforms of the World War II era.”
https://www.military.com/daily-news/2020/09/22/2-million-funds-earmarked-covid-19-went-buy-army-greens-uniforms.html
I would have been pissed if it hadn’t been for the “much celebrated” designation. I mean who are we to deny our troops something that is so utterly important? When they go into battle the two things they are most concerned about are IEDs and their much celebrated greens.
This is a criminal administration. With lawyer/lobbyists at almost every post (Sec Def, HHS, EPA, SEC, FCC…) and led by Liar Barr at AG, they rob us blind:
“The Trump administration has also put private banks in charge of doling out $349 billion in loans for the Paycheck Protection Program, which are meant for small businesses… But struggling small-business owners are running into bureaucratic roadblocks put up by some of the world’s wealthiest financial institutions, like JPMorgan Chase, Wells Fargo, and Bank of America
[…]
(There is) essentially no independent oversight of the $500 billion in bailout money the Cares Act included to support workers after President Donald Trump sacked the chairman of a panel established to oversee disbursements. This means companies could feasibly use this money to pay bonuses to top executives or buy back shares of their own stock, and nobody would know.
The richest Americans are also enjoying a tax break that Senate Republicans sneaked in. A recent analysis by the Joint Committee on Taxation found that more than 80% of the benefits of a change in the tax code for “pass-through” businesses will go to Americans who make more than $1 million per year. This handout to the rich will cost taxpayers roughly $90 billion in 2020 alone, according to the committee’s report.”
https://www.barrons.com/articles/cares-act-workers-companies-unfair-coronavirus-aid-51586983332
More theft:
“The federal government gave national hotel and restaurant chains millions of dollars in grants before the $349 billion (PPP) program ran out of money Thursday, leading to a backlash that prompted one company to give the money back and a Republican senator to say that “millions of dollars are being wasted.”
Thousands of traditional small businesses were unable to get funding from the program before it ran dry.”
https://www.washingtonpost.com/business/2020/04/20/white-house-gop-face-heat-after-hotel-restaurant-chains-helped-run-small-business-program-dry/