Will Nancy Pelosi Make Money Off of Cow Farts Too?
Nancy Pelosi is set to make millions of dollars if cap and tax is passed on Friday. She currently has an estimated $15K-50K worth of shares invested in Clean Energy Fuels Corporation (CLNE). This company is of course heavily vested in alternative energy sources and given the fact that any legislation that passes effecting the energy sector will undoubtedly up the price of any public company currently trading in that sector on the stock market.
T. Boone Pickens is also a big investor of CLNE and he has been lobbying for clean energy for a number of years. He is set to make millions, if not billions from cap and tax. T. Boone was not very happy when he found out about Alaska Governor, Sarah Palin’s deal with Exxon Mobile, Trans-Canada and AGIA. Natural gas and oil supplies, if we were able to manufacture them in our own backyard would put big “Green” moguls out of business. Natural gas is also a compound that CLNE is vested in and given the fact that supply would be limited and demand high, prices would sky-rocket - now, if Palin’s gas-line comes to fruition, volume and supply of natural gas will increase for everyone and therefore the price will go down…
Shares of CLNE have gone up and down in value in recent years, thanks to the fluctuations in the price of natural gas and changes in the oil industry worldwide. And a Pelosi spokesman told The Washington Examiner last year that her husband takes care of their stock portfolio, so she has no knowledge of how any of her family investments will be affected by any particular piece of legislation before Congress.
Another prominent public figure with an interest in OWM is CLNE’s major domo, T. Boone Pickens, best known of late as a wind-energy investor and the man behind the largest-ever single donation to a state university, $165 million to Oklahoma State University for its athletic programs three years ago. CLNE is a cog in Pickens massive plan to create a giant wind farm in West Texas to generate electricity.
Pelosi will profit because OWM will boost the price of natural gas on the market. This is because natural gas burns with significantly less carbon emissions than other fossil fuels. For companies trying to get under OWM limits for greenhouse gases emissions, burning more natural gas instead of, say coal, will be a no-brainer. That will drive up demand for natural gas, which in turn will create upward price pressures.
So my next question for Pelosi, Gore, Pickens, GE, and all other entities that have banked on “Green” legislation; will money be made off of taxing cow farts?
Yes, folks, there was an idea floating around out there to tax methane and cow farts. All living beings happen to pass gas, so I would assume that they would first come for the cows, and then for us… There are those that are getting into the business of breeding cows that pass less flatulence, believe it or not. Would green cows make green burgers and would green burgers make my flatulence green? Yeah, didn’t think so…
The government is becoming Godzilla, toppling tall buildings and destroying everything it touches. I guess you could consider the government much like the opposite of Midas… everything it touches turns to…
Reagan was right when you said: ”If it moves tax it, if it keeps moving, regulate it. And if it stops moving subsidize it.”
ACTION! Cap & Tax… America’s Worst Nightmare
Late last Tuesday night the House Democrats made a deal on cap and tax (cap and trade) so the more conservative Democrats felt better about the bill and would ensure their vote for the legislation. The deal involved many of the Democrats from the mid-west and farm country where agriculture was a major concern for these representatives.
The House is prepared to vote on the bill to push it through the Senate by this Friday. Nancy Pelosi believes that given 2 days’ time she will have enough votes for a majority.
This bill is incredibly harmful, hurtful, expensive, and it quite frankly is one of the nastiest pieces of legislation I have seen in a long time. Liberals continuously use the straw-man argument that Republicans try to fear monger others into voting a certain way or believing certain things… I could say the exact same thing for GloBull warming, which is the biggest hoax of this century. In fact, when people finally wake up and figure out that the politicians are all in bed with “Green” companies, holding significant amounts of equity, and wanting legislation like this passed, not because it’s based on a true premise, but because it will line their pockets – then maybe common sense can reign supreme.
This cap and tax bill will have very little effect on the poorest – because they don’t pay taxes to begin with. They are leeches on productive society. The top quintile of the country, or the richest, will be burdened with this particular tax, but not as much as their federal income taxes. No, cap and tax will fall squarely on the middle class. Whether you are lower-middle class, middle, or upper, you will feel this significantly.
If you look at only the bottom quintile, C&T is more progressive than anything else in the federal tax system. But it’s downhill from there: The share of cap and trade paid by the middle quintile is three times the federal tax system’s average, and the share paid by the richest quintile is half that of the average.
I don’t really have a strong normative point to make here. Progressivity is in the eye of the beholder and all that. Nonetheless, I hope this puts some of the debate over the burdens of cap and trade in context.
If you are the least bit curious you can actually calculate the cap and tax burden on your household/family.
I have written several times regarding Cap and Tax – whether it was posting a video clip of Democrat Rep. Dick Durbin stating that all this legislation is one big tax, or Henry Waxman’s incompetency. I have written about our economy and how this will completely destroy sectors, increase the cost of living, increase our gas and energy prices, decrease our standard of living, and repress those who work hard to make a living.
Most of America disagrees with Cap and Trade, and congress was trying to come up with ways in wich they could cover up the bill and pass it off as some other cleverly deceptive rubbish:
The latest IBD/TIPP poll shows that cap and trade is a no go in the public eye. More people are beginning to understand what it actually entails/means. Indiana has also found a way around cap and trade this past week.
However, the Obama administration seems as though it may want to advance this agenda, but just under a different name.
How does the “The Clean Energy Divide” sound to you?
The Obama administration is exploring alternative names for cap and trade legislation.
People don’t really know what cap and trade means, but they don’t like it. So a new name is being concocted to gather support for the legislation.
It doesn’t look like the names “carbon tax” or “regressive tax” are in the mix, though. How does “clean energy divide” grab you?
WSJ: Seeking to bolster public support for climate legislation, the Obama administration is consulting pollsters who advocate avoiding phrases such as “cap-and-trade” and “global warming.” On Monday, the White House Council on Environmental Quality was scheduled to meet with Robert Perkowitz, president of ecoAmerica, a Washington-based nonprofit that uses “psychographic research” to “shift personal and civic choices of environmentally agnostic Americans,” according to its Web site.
“We’re trying to give them phrases that work,” Mr. Perkowitz said in an interview. He said that in a survey of some 2,000 Americans conducted by his group in March and April, less than half of the respondents said they would support a “cap-and-trade” policy, and that only 24% said they knew what the phrase means. “If you call it ‘clean energy dividend’…almost anything other than ‘cap and trade,’ you’ll get people responding a lot more favorably,” he said.
Isn’t that nice? let’s trick the American people so we can still strap the poor and the middle class with tax hikes to obtain our faulty liberal green agenda so Al Gore can receive a bunch of profits as well as GE, Google and Microsoft…
Not only will we have to ration Obamacare we will be back to rationing gas and unemployment will not only reach 10%, as Obama predicts, but higher – you cannot destroy the mining/coal industry and expect your unemployment rate to stay the same. Coal is one of the most abundant natural resources that America has… it is one thing that keeps us competitive abroad – and with this legislation you can kiss that goodbye. Is it really so “tin-foil” hat to think that the Democrats are in bed with foreign countries, selling out America for a little extra cash? (I’m sure we will also figure out who some of the Republican Reps./Senators are after the vote as well).
There still exist some principled Congress-critters and politicians, but they are few and far between. Michele Bachmann has been on the forefront of this debate, Jim DeMint is pretty outspoken when it comes to fiscal irresponsibility and unconstitutional legislation… but, other than that, it’s hard to make a case for most who waffle on their principles – so much so they may as well say “Leggo” my values.
The only way we can at least attempt to curtail the passage of this bill Friday is through melting the phones. Many of our represenatives won’t listen to our pleas or our common sense logic – believe me, my Senator and Represenative are Progressives! (Sarbanes & Cardin), but it’s still imperatiave that we at least try.
Find your Reps. here.
Murtha Moved Earmark Between Brothers’ Clients & Hoyer To Be Forced to Disclose PMA Probe
Uh Oh! Could this be the moment of reckoning for the Democrats? Jack Murtha and Steny Hoyer may both be in the lime light in the coming days.
The Democrat Culture of Corruption Continues:
First, it was discovered that Murtha moved an earmark over $8 million between his brothers’ clients. Nepotism and corruption much? That’s sure to stimulate the economy and doesn’t remind me at all of what dictators did when given money. No dictator I read about would ever take money and give it to his family members or their businesses to line their pockets rather than provide for the betterment of his/her constituents/sarc.
In early 2005, Rep. John Murtha (D-Pa.) apparently added language to a tsunami relief bill shifting $8.2 million from a former client of his brother’s lobbying firm to a new client of the same firm.
That earmark is now tangled up in a federal indictment alleging that some of the money was skimmed by contractors and a Defense Department employee for their personal use.
Murtha’s spokesman said that no one in his office has any recollection of the transaction, and the House Appropriations Committee was unable to provide any information about how the language appeared in the tsunami relief bill.
Of course they knew nothing about it – seems like this is the norm coming from Washington, D.C. these days – I don’t think they know much of anything, in fact scratch that, they don’t know anything.
But sources familiar with the appropriations process agreed it was impossible that a provision removing earmarks from one company in Murtha’s district and transferring the money to another company in his district could have been added to the bill without Murtha’s involvement, since he was at the time the ranking member on the subcommittee with jurisdiction over the language.
The provision appears in the House committee report of a March 2005 bill providing billions of dollars worth of military spending and aid to the Asian countries that were devastated by the December 2004 tsunami that killed more than 250,000 people.
The bill included a “technical corrections” section, which transferred $8.2 million to “other procurement, Air Force” for a project called the “mobile common data link gateway.” This project — later called the “ground mobile gateway” — was an effort to build a unified battlefield communications platform for the Air Force by a Pennsylvania company called Coherent Systems.
Read roll call for the fully story and timeline of this corruption…
Steny Hoyer (D-MD) is also being pressured into complying with the federal probe into PMA and their long ties with top/senior Democrat officials. One of which was the aforementioned Murtha who probably has the most ties – I think this may be Murtha’s last stand!
House Majority Leader Steny Hoyer (D-Md.) plans to offer as early as Wednesday afternoon a privileged resolution to force the ethics committee to disclose whether it is investigating senior Democratic appropriators’ ties to the PMA Group, Democratic sources say.
Hoyer’s move follows eight attempts by Republican anti-earmark crusader Rep. Jeff Flake (Ariz.) to jump-start a probe — and aims to pre-empt Flake’s ninth stab at the issue, which was due for a vote on Thursday. It marks a sharp break from Democratic leaders’ previous approach to the burgeoning controversy involving the now-defunct lobbying firm, which amounted to them trying to keep their ranks in line opposing the Flake resolutions.
In late winter, when Flake began his assault, Hoyer argued in leadership meetings that Democrats should embrace the resolution to neutralize it.
But Speaker Nancy Pelosi (D-Calif.) pushed back, contending that such a move would open lawmakers up to ethics witch-hunts down the line. Since then, Democrats have slowly peeled off to support Flake: While only 17 broke ranks on his first attempt, 29 supported his latest, offered just before the Memorial Day recess.
The move comes just after Rep. Peter Visclosky (D-Ind.) acknowledged his offices and some staff had been subpoenaed as part of a federal probe into PMA. Other Democratic appropriators, including Rep. John Murtha (D-Pa.), have long ties to PMA and its clients.
Hoyer squared off against Murtha in 2006 for the Majority Leader post, beating him by an overwhelming margin.
Jeff Flake has been proposing an ethics panel for a couple of years and has been blocked by the Democrat majority in the House and it’s understandable as to why – they are guilty! Most of the ethics violations are within the Democrat Party, that’s not to say that some Republicans may be found guilty of some violations, but as of now the culture of corruption lies within the majority party.
House Representative, Schiff (D-CA), Exclaims We Should Give Terrorists Due Process Like Our Troops
Sheer insanity I tell you! We are living in the twilight zone… All for the sake of political correctness?
We should give terrorists due process and treat them just like our soldiers? The same guys that plotted to kill innocent American citizens? This is just nuts.
The Wall Street Journal tends to take issue with due process for terrorists based upon national security reasons and documents that would have to be disclosed.
“How will judges prevent the public disclosure of classified material? What about Miranda rights, or evidence obtained under battlefield conditions?
“Such questions nearly scuttled the Justice Department’s case against Ali Saleh Kahlah al-Marri, which flamed out last week with a sentence of only 15 years. According to the plea agreement, al-Marri entered the U.S. on September 10, 2001 on orders from Khalid Sheikh Mohammed to begin research on chemical weapons and potential targets. Prosecutors were hampered by the possibility of disclosing intelligence sources and methods, as well as (yet another) political flare-up about interrogation and detention.“
John Boehner and the House Republicans, on the other hand, are trying to pass a bill in the House that would prevent terrorists from being released on U.S. soil.
