Tag Archives: Political Contribution

Finnish car company backed by Al Gore gets 529M US government loan

Story from the Wall Street Journal.

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

[…]Kalee Kreider, a spokeswoman for Mr. Gore, confirmed that the former vice president backs Fisker and purchased a Karma.

[…]Fisker’s top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which Gore is a partner. Employees of KPCB have donated more than $2.2 million to political campaigns, mostly for Democrats, including President Barack Obama and Hillary Clinton, according to the Center for Responsive Politics, a nonpartisan group that tracks campaign contributions.

This story reminds me of Obama’s massive government subsidies for the Brazilian oil company backed by George Soros.

See even though Al Gore knows less about science than my keyboard, he still understands profit and greed. Now may be a good time to review Marsha Blackburn’s efforts to get him to come clean about the relationship between greed and global warming alarmism.

The death of the hockey-stick graph

This is all especially interesting in light of the the story from Steve McIntyre of Climate Audit, who has demolished the myth of the hockey stick graph. Watts Up With That has more here. Watts explains how tree ring growth is used to measure temperature changes here. The data from Steve McIntyre is being supported by further analysis here. (see graph below)

The last 200 years, comparing cherry-picked data to a larger similar set
The last 200 years, comparing the smaller, cherry-picked data set to a data set with more samples

This image is from Watts Up What That. All I can think of is being taught sex education and global warming for hour after hour in public schools. What a waste of my time and taxpayer money, just so that the left could indoctrinate me in their views.

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Trial lawyer lobby running a 6.2M deficit as economy tanks

Story from the Washington Times. (H/T ECM)

Excerpt:

The trial lawyers lobby has been awash in debt and bleeding members – just as it embarks on a national campaign to block any clampdown on medical malpractice lawsuits as part of President Obama’s health care overhaul.

The American Association for Justice, the most prominent group representing plaintiffs’ attorneys, has seen a shake-up in its executive suite and has struggled to deal with what appears to be a mounting budget shortfall. To help it fight congressional efforts to make it harder for patients to sue doctors and lawyers, it recently sent out an extra solicitation to its members, asking them to fork over money for a lobbying campaign.

The most striking evidence of its financial woes is a swift decline in income, which resulted in a more than $6.2 million deficit in its operating budget for the fiscal year ending July 31, 2008, the most recent year for which data are available.

The biggest hit to its books was in membership dues, which dropped from $28.6 million in 2005 to $19.2 million in 2008, according to the annual AAJ financial report for that fiscal year filed with the Internal Revenue Service.

Trial lawyers raise health care expenses for patients and doctors.

Consider this article from the Weekly Standard.  (H/T The Heritage Foundation)

Excerpt:

There are credible estimates that serious tort reform could save the country between $100 and $200 billion annually in wasteful spending, as doctors practice defensive medicine to preempt lawsuits. … Now Obama says he’s going to study the issue. “I am directing my Secretary of Health and Human Services to move forward on this initiative today,” he said.

That would be Secretary of Health and Human Services, Kathleen Sebelius, whose resume includes eight years as director of the Kansas Trial Lawyers Association.

So Obama has chosen a former industry lobbyist to run tort reform.

Why are people cynical about health care reform?

According to Howard Dean, the trial lawyer lobby prevented the Democrats from including tort reform in the health care bill. They helped to elect Obama, and so Obama could not oppose them in his health care bill. The Democrats are a party dominated by special interest groups who contribute nothing to the economy.

Don’t forget that Obama picked a union lobbyist to be in charge of creating manufacturing jobs!

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