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 March 7, 2023

White House Under Fire for Lack of Transparency on Biden's $250K Beach House Line of Credit

The White House has come under fire for its lack of transparency regarding President Joe Biden's decision to acquire a $250,000 line of credit on his Rehoboth, Delaware beach house in December.

The event occurred at a time when questions were mounting about his son Hunter's business practices and his own secret document scandal, according to The Conservative Brief.

Fox News reported that Biden signed documentation on December 5th to obtain a variable rate line of credit from M&T Bank on his beach house, which is valued at $2.74 million.

Despite the loan being publicly disclosed for nearly a month, the White House communications team has refused to provide any details about the purpose or rationale behind the President's decision to obtain the loan.

The lack of transparency surrounding this event has sparked criticism as The Western Journal noted, which has described it as yet another example of the administration's lack of transparency.

The White House acknowledged the existence of the loan but declined to disclose any further specifics. When asked about the loan while aboard Air Force One, Karine Jean-Pierre, Biden's press secretary, transferred the inquiry to another department inside the administration.

The Delaware beach house is the same property that Biden spent more than $500,000 in taxpayer funds building a wall around to protect him from outsiders.

The barrier was started early in his presidency, at the same time he was canceling the construction of walls on the southern border that had been started by President Donald Trump.

The beach house is also one of the sites recently searched by the FBI after it was discovered that Biden illegally stored classified government documents in his Wilmington, Delaware, garage and at his former Washington office.

To date, the FBI has conducted searches at four different locations, including Biden's two Delaware residences, his Washington D.C. office, and the archives of his papers at the University of Delaware, in search of classified documents that may have been illegally held. The extent of the documents discovered at these locations has not been fully disclosed.

These discoveries forced Attorney General Merrick Garland to appoint U.S. Attorney Robert Hur as special counsel in mid-January to investigate Biden's handling of the classified documents. The investigation is ongoing, and it is unclear what impact it will have on the Biden administration.

The lack of transparency surrounding Biden's acquisition of a line of credit on his beach house is particularly concerning in light of these other events.

The public has a right to know the purpose and rationale behind the President's financial decisions, especially when they involve his personal property. The White House should provide a clear and concise explanation for Biden's decision to obtain the line of credit, as well as details about how the funds will be used.

Failure to do so will only fuel speculation and conspiracy theories about the President's motives, which could further undermine the public's trust in government institutions.

Written By:
Charlotte Tyler

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