Tag Archives: Obama

News

How big business and enviro-charlatans benefit from Obama’s cap-and-trade energy tax

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Recently, I posted about the economic effects of the Waxman-Markey cap-and-trade bill, including how it would impact individual families. I wrote about the true effects of Obama’s green jobs initiative, which will actually decrease employment instead of increasing it.

I also posted before about scientific dissent from global warming, the alleged melting polar ice caps, Obama’s planned tax hikes on oil and gas, deceptive alarmism to procure research funding, the alleged warming of the oceans, and the use of made-up crises in order to impose socialism. You can also read the testimony of a Princeton University physicist who is against global warming alarmism.

Who will pay for cap-and-trade?

ECM e-mailed me this story from PowerLine Blog, which explains how much each state will pay if cap and trade passes. John Hinderacker asks whether Obama things that the electorate is stupid enough to believe that the firms who must absorb this tax will just take it out of their profits and leave consumers untouched. He argues that Obama thinks we are stupid enough to believe that.

One commenter to the post writes:

No, he like many liberals actually believe corporations don’t pass on the tax to consumers but it is extracted from profits (lowering them). Remember, they have a very static, zero-sum view of the world.

This is also my view of Obama. He has been indoctrinated with socialist views and he has no freaking idea why they don’t work. He will be as shocked and surprised as any child is when they first learn that the Tooth Fairy is a myth. But that won’t stop him from nationalizing companies once he sees the mess that his interventions have made. Probably his handlers have this all planned out for him.

And where will that money be redistributed to?

But today I wanted to tell you about the people and corporations that are actively pushing for cap-and-trade, because if it passes they will suddenly become very, very rich.

The full story is posted at Steve Milloy’s Green Hell blog.

Big business meddling in government

Excerpt:

Although many businesses have been coerced into supporting Waxman-Markey, much of big business has actively pushed for the bill. Many Wall Street banks hope to profit from the trading of the $9 trillion in emissions allowances to be created under Waxman-Markey. Goldman Sachs would be the preeminent global warming bookie as it owns the exchanges where carbon allowances would be traded.

General Electric, whose CEO sits on Barack Obama’s Economic Recovery Advisory Board, was instrumental in putting together the U.S. Climate Action Partnership (USCAP), a bizarre big business-environmental activist group lobbying consortium that is a primary driver of global warming legislation. USCAP has even taken credit for drafting parts of Waxman-Markey. GE, it seems, would like a federal law requiring electric utilities buy the wind turbines and other energy technologies manufactured by — guess who — GE.

Republican James Sensenbrenner recently asked the Department of Justice to investigate USCAP members General Motors and Chrysler for illegally using taxpayer bailout money to lobby for global warming legislation. AIG, the insurance giant that is now a ward of U.S. taxpayers, only dropped out of USCAP after Rep. Joe Barton pointed out the illegality of accepting federal money and then using it to lobby the federal government.

Enviro-charlatan greed

Excerpt:

And then there’s Al Gore, who stands to become the first “carbon billionaire” through his partnership in the venture capital firm of Kleiner Perkins Caufield and Byers and the UK-based investment firm of Generation Investment Management. When Gore testified in favor of global warming legislation before the Senate Foreign Relations Committee in January, he failed to disclose his personal financial interests and no Senator came close to asking him about them.

When he testified in April before the House Energy and Environment Subcommittee in favor of Waxman-Markey, Gore again failed to disclose his conflicts-of-interest. When Reps. Marsha Blackburn (R-TN) and Steve Scalise (R-LA) probed into these matters, Gore feigned ignorance and pretended that he would not personally benefit from Waxman-Markey. Although Rep. Waxman made baseball players testify under oath to Congress about the comparatively petty issue of drug use in baseball, he did not subject Gore to penalty for perjury.

And more fascism, too

Competing for most-appalling character in the Waxman-Markey saga is Rep. Ed Markey. Immediately after the head of Warren Buffet’s electric utility unit testified against Waxman-Markey’s cap-and-trade provision, Markey fired off a letter to the Federal Energy Regulatory Commission (FERC) specifically requesting that Buffet’s utility be investigated. After being rebuked by House Republicans for this blatant intimidation, Markey then asked FERC to expand the requested investigation to all investor-owned utilities, rather than appearing to single out Buffet’s. Now all utilities are under operating with a Markey-pointed gun to their heads.

They told lies about Bush’s “abuses of power” all through his presidency. Now that they are in control, and every new day brings to light more greed, bullying, corruption and fraud than we saw in Bush’s entire eight years in office. And that’s not even to mention that the average unemployment rate under Bush was about half of what it is today under Obama.

Kevin Boland reports on John Boehner’s blog that the bill is up for a floor vote in the House this week.

News

ACORN sues whistleblower for exposing their secrets

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Let’s learn about ACORN

In case you don’t know anything about ACORN, Michelle Malkin can introduce this organization. (post dated June 20, 2008)

Excerpt:

The radical left-wing, government-subsidized group ACORN uses your tax dollars to engage in voter fraud, enrich itself as part of the mortgage counseling racket, and serve as an activist branch of the Democrat Party.

There’s more. Ashley Eiler e-mails about a new report: “The Consumers Rights League just released a collection of whistleblower documents from an ACORN staffer that raise some new concerns about how the organization has established policies for its housing counselors to use undocumented / under-the-table income for processing loan applications from low-income individuals. In addition to pushing these and other exotic loans, the documents reveal that ACORN has engaged in some apparently illegal activities by commingling government funds from its tax-exempt offshoot entities to fight political battles against corporate lenders. ”

Who has close ties to this suspicious group? Is it Dick Cheney?

Obama’s close relationship with ACORN

Michelle Malkin can tell you all about Obama’s close ties with ACORN. (post dated June 25, 2008)

Excerpt:

Who in Washington will fight to ensure that your money isn’t being spent on these radical activities?

Don’t bother asking Barack Obama. He cut his ideological teeth working with ACORN as a “community organizer” and legal representative. Naturally, ACORN’s political action committee has warmly endorsed his presidential candidacy. According to ACORN, Obama trained its Chicago members in leadership seminars; in turn, ACORN volunteers worked on his campaigns. Obama also sat on the boards of the Woods Fund and Joyce Foundation, both of which poured money into ACORN’s coffers. ACORN head Maude Hurd gushes that Obama is the candidate who “best understands and can affect change on the issues ACORN cares about” — like ensuring their massive pipeline to your hard-earned money.

…For excellent background on Obama and ACORN, see Stanley Kurtz’s NR piece here, plus City Journal pieces here and here. Also here and here.

This article has some startling numbers on ACORN’s operations.

How is ACORN funded?

ACORN is funded by taxpayer money, and Obama’s porkulus bill included 4.19 billion dollars for his former employer. (post dated January 26, 2009)

Excerpt:

House GOP leader John Boehner’s office reports that the left-wing voter fraud/illegal alien/housing entitlement racketeers at ACORN “could get billions” more in federal taxpayer funding from the Democrats’ stimulus bill.

Remember, these guys are accused of voter fraud, and they are being asked by Obama to go door-to-door to assist with the US census. I’m sure they will not use that opportunity to commit more voter fraud. Not at all.

ACORN sues whistleblower

Remember that whistleblower that I mentioned earlier? Michelle has the latest news.

Excerpt:

The White House is on a witch hunt against inspectors general who blow the whistle on waste, fraud, and abuse of taxpayer dollars.

And now, taxpayer-subsidized ACORN affiliate Project Vote — where President Obama cut his teeth as a community organizer and learned Leftist intimidation tactics up close and personal — is going after whistleblower Anita MonCrief and an anonymous “John Doe” defendant for posting invaluable documents that reveal the money-shuffling racket.

Obama. ACORN. Project Vote. Corrupt birds of a feather bully together.

The scoop: Project Vote has filed a federal lawsuit against MonCrief for blogging about her experience and knowledge of the non-profit 501(c)(3) organization’s partisan and political activities, including coordination with the Obama campaign. Project Vote seeks compensatory damages and exemplary damages “of at least $5 million” and all costs and attorney’s fees on trumped-up charges of “trademark infringement” and publication of “trade secrets.”

Should we be surprised that the left is willing to bully and intimidate people for exposing them?

ACORN was instrumental in causing the current recession by suing banks so that they would be forced to make loans to people who would never be able to pay the money back. Remember, Democrats caused this recession and Republicans tried to stop them.

Commentary

How much profit does the non-profit Planned Parenthood make?

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This article from the American Spectator provides the answer.

Excerpt:

Left-wing activists are indignant at obscene oil company profits, hefty CEO bonuses, and sweet golden parachutes — but what about expansion of the No. 1 violator of human rights in the United States?

No, it’s not Dick Cheney and the CIA. It’s Planned Parenthood. The abortion giant took home $85 million in “excess of revenue over expenses” (a nifty way of saying profits) and had an operating budget of over $1 billion for the 2007-2008 fiscal year, according to its latest annual report. Included in that budget was $350 million in “government grants and contracts” (an equally nifty way of saying your tax dollars). An increase in the number of abortions performed helped fuel the profits.

Should government money be going to special interest groups that helped Obama to get elected?

Uncle Sam helps, too. The federal government has morphed into Planned Parenthood’s sugar daddy, and the co-dependency is only going to get worse in the age of Obama. Fully one-third of the organization’s revenue last year came from the government, compared with less than one-fourth from private contributions. If Planned Parenthood can’t get your money voluntarily, its advocates in Congress will coercively.

That’s why limited government advocates have a stake in the pro-life cause. On April 15, over one million Americans flocked to state capitals, public parks, and town halls to protest runaway government spending — and rightly so. Although most of the movement’s furor was directed at bailouts and stimulus packages, government’s love tryst with the abortion lobby should be exhibit A in the tea partiers’ future arsenal.

The first target should be Obama’s executive order rescinding the Mexico City Policy, which had ensured that American taxpayer funds would never be used for overseas abortions. The move didn’t get much ink because of the media’s preoccupation with the economic crisis, but it stands as an example of both Obama’s abortion radicalism and intention, even in a troubled economy, to throw public money at groups that helped him get elected.

Yet another reason why fiscal conservatives should be social conservatives.

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