General Motors and...George Soros Set to Profit Off Obama's Energy Policies
We are in the throes of the Barack Obama Administration’s systematic, systemic assault of the free market.
Every facet of our nation where private endeavor has brought us to the heights of individual achievement and general populace betterment is now under regulatory attack by this President, his Administrative minions and his Congressional Democrat colleagues.
The health care industry – 1/6 of our economy? ObamaCare, check.
The Internet industry – another 1/6 of our economy? Network Neutrality, check.
The financial sector? Dodd-Frank, check.
Which brings us to the energy industry.
Candidate Obama promised us that under his plan, “energy prices would necessarily skyrocket.”
On this campaign promise, President Obama has delivered.
He has been insouciantly observing an unofficial hiatus on all domestic oil drilling. Issuing almost no permits - and not letting the British Petroleum (BP) Gulf spill “crisis go to waste.”
He has turned us into a non-producing, foreign-dependent energy wasteland.
Gasoline prices have certainly skyrocketed.
And what is the answer to this from General Motors (i.e. Government Motors, as it is still 1/3 owned by the federal Leviathan)?
A $1-a-gallon gasoline tax hike, of course.
Government Motors calling for - more tax money for Big Government. Get it?
In their coercive hope of forcing Americans to then buy the unpopular and unprofitable Chevy Volt hybrids Government Motors insists on producing.
(Anyone after all this still unconcerned with the government owning a car company – is unrecoverable.)
Then there’s Cap & Trade.
So terrible is Cap & Trade, Senate Democrats couldn’t last year muster enough of their own to vote on the mess.
Those Constitutional niceties haven't served as an impediment for Obama’s Environmental Protection Agency (EPA) – they’re now implementing it as if it were the law of the land.
There are now lawsuits aplenty filed by many states to prohibit the EPA from doing this.
It’s unconstitutional, it’s unrepublican, it’s undemocratic. Oh – and it’s terrible policy.
So why is there now a bill in the Republican-controlled House of Representatives – with more than eighty Republican co-sponsors - that contains language tacitly ceding the EPA the authority to do this?
This is House Resolution (HR) 1380 - the “NAT GAS Act.” And it is - in addition to an EPA greenhouse green light - another huge boondoggle giveaway.
It is Big Government messing with the private energy sector via massive allocations of our money to all things natural gas.
Like $64,000 – per truck – to convert them to use the stuff instead of oil.
Have these Republicans not learned anything from the Tea Party Movement? From the 2010 election? From Moody’s?
We’re broke – and the American people are tired of Washington continuing to act as if we aren’t.
We're woefully over regulated – and we time and again see D.C. look to tighten the straight jacket.
The federal government is now prohibiting the one form of energy that actually makes energy - and money. And grotesquely subsidizing myriad other forms that do neither.
If natural gas trucks and such were a good idea, they’d already be in widespread use – no $64k necessary.
No one needs to subsidize ice cream.
And here’s the HR 1380 kicker. Leftist Uber-Lord George Soros is set to make a subsidy killing.
The anti-free marketeer has since 1979 given nearly $7 billion to a who’s who of liberal moon battery. And he’ll get a nice chunk of that back – out of our pockets - should this bill become law.
The hypocritical global anti-capitalist capitalist’s third largest ownership holding - on Planet Earth - is Westport Innovations, Inc.
And what do they do?
Westport Innovations Inc. is a global supplier of proprietary solutions that allow engines to operate on clean-burning fuels such as compressed natural gas, liquefied natural gas, hydrogen, and biofuels such as landfill gas.
So Soros makes engines - for which this bill would pay him $64,000 per.
Thusly do government handouts to Soros flow.
This is not unlike hot-air dispenser Al Gore making billions on global warming legislation.
So in HR 1380 we have yet another hideous waste of government money, dumped in to artificially create a non-existent market.
For George Soros.
How’s that for a great idea?