Filed under: Capitalism, Economy, Election 2014, Energy, Environment, Global Warming, Junk Science, Politics, Science/Technology | Tags: Big Money for Climate Change, Billionaire True Believers, Democrat "Fat Cats"
Why did the Democrats in the Senate hold an all-night
pajama party talkfest? They have no intention of passing a bill or doing anything about “cap and trade.” It is all about campaign cash. Tom Steyer, a billionaire hedge-fund manager, who made much of his money on government-subsidized “green’ energy projects, has become one of the Democrat Party’s most important donors.
He has retired from hedge funds to devote all his attention to politics, and particularly to the “urgent” case of climate change. He has pledged to contribute $50 million and raise another $50 million to help Democrats in the 2014 campaign. The catch is that they have to emphasize global warming as an issue. His new group NextGen Political Action. The group will refuse to spend money on behalf of Democrats who oppose climate regulation, but will not spend against them either. To quote Breitbart:
Once upon a time, Democrats complained about fatcats funding campaigns. Then they discovered that it was they who had the fatter cats. So that made the situation different: Fatcats—at least liberal fatcats— are okay.
The new breed of fat cat demands that candidates espouse a Green ideology that happens to be ballot-box poison. Tim Cook, CEO of Apple just announced that he didn’t want any climate change deniers investing in Apple. Way to go! For many Democrats it is a matter of faith, not of science. when it comes to political donations the Koch brothers are far down the list, something like 59th. They are more inclined to invest their money in searching for a cure for cancer. It was John Kerry, married to another Green billionaire, Theresa Heinz Kerry, who declared “Climate change can now be considered another weapon of mass destruction, perhaps the world’s most fearsome weapon of mass destruction.”
The environmental true believers range from passionate to Malthusian. They run around in private jets and limousines, but as a recent Sierra Club press release said “There’s no such thing as sustainable growth, not in a country like the US. We have to de-grow our economy.” Their goal is to de-grow the economy. Passionate true believers are seldom interested in ordinary science, or ordinary economics either.
Among other things they are totally opposed to the Keystone XL pipeline. Dirty Canadian oil needs be banned and to hell with all the jobs. The voters do want jobs, they do want plentiful, cheap energy, and common sense and direct observation leads them to believe that climate change is not an urgent problem.
Leaves Congressional Democrats walking a fine line. They want and need the political donations, but want to avoid anything that might upset the voters on the one hand or the donors on the other. Hence the talkfest.