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USA: COVID Supplies Worth $200 Million Fire-Sold off for $500,000

Who would have thought that all of the spur-of-the-moment government spending we engaged in to “beat the virus” over the last several years would turn out to be mismanaged and reckless?

That certainly seems to be the case now, as it is being reported that about $200 million worth of Covid supplies that were purchased during the Covid era in New York have been fire-sold off for just $500,000, according to Fox 5

Among the emergency orders made by then-Mayor Bill de Blasio was an order for 3,000 emergency ventilators that cost the city $12 million. One investigative reporter, Greg Smith, said of the purchase: “They put them in the corner or in the closet or something, and they never turned [them] on.”

And now with de Blasio out of office, new Mayor Eric Adams is in the process of selling excess masks, medical gowns, and ventilators for “pennies on the dollar” in online auctions, the report says. In sum, the city wound up selling $200 million of Covid-era equipment for just $500,000. 

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ZeroHedge

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