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Results tagged “Al Gore” from IngeMusings

Roundup of recent liberal hypocrisy

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With Democrats having routed Republicans since the general election, they're in a strong position to further progressive regulations. That means more rules for you and me--not necessarily them. Since I don't have the time to catalog each example of liberal hypocrisy in a separate article, I'll briefly summarize some rather amazing recent examples.

·         Mayor Michael Bloomberg of New York, on a one-man crusade for gun control since the Sandy Hook massacre, is just fine being surrounded by men with guns. He's just not OK with you having any. Conservative activist Jason Mattera confronted Bloomberg and his security detail  and asked, "In the spirit of gun control, will you disarm your entire security team?" Bloomberg said he'll get back to him. Means no. Apparently it's fine for he and his family to be protected with guns, but not the little people.

·         The Daily Caller reported that liberal hatchet website Media Matters apparently purchased "multiple firearms used to protect the Media Matters founder." That man, David Brock, reportedly gave his blessing to the purchase, and one of his staff "committed numerous felonies in the District of Columbia and around the country by carrying a firearm ." The Daily Caller obtained an internal email exchange that revealed "the gun was purchased with cash in Maryland, likely to diminish the chances such a purchase would appear on the tax-exempt group's books." Brock, who has a history of mental issues, said he feared "right-wing assassins" and rooftop snipers,

·         Speaking of mental health and gun control, in the wake of the Sandy Hook massacre Michael Moore tweeted, "The way to honor these dead children is to demand strict gun control, free mental health care, and an end to violence as public policy." Like Bloomberg, Moore, who directed the anti-gun Bowling for Columbine, just doesn't think gun control should hamper HIS lifestyle. His bodyguard was arrested for carrying an unlicensed weapon in New York.

·         Liberal author Stephen King wrote that he wished NRA leaders "would be required to put on booties and rubber gloves and help clean up the blood, the brains, and the chunks of the intestine still containing the poor wads of half-digested food that were some innocent bystander's last meal." King has made millions through the sale of violent books. One book that didn't sell well had a character that brought a gun to school and shoot his Algebra teacher.

·         David Gregory, host of NBC's Meet the Press, displayed an illegal high-capacity magazine on the show while advocating for stricter gun control. The Metropolitan Police Department even warned the network beforehand that displaying it would violate D.C. law. However, prosecutors declined to pursue charges against Gregory. To summarize, Gregory wants even more gun laws, blatantly violated one that existed, and skated. Liberals don't like it when their draconian laws apply to them.

·         In "an estate-planning move worth of a Jedi Master," liberal filmmaker George Lucas sold Lucasfilm to Disney for $4.05 billion--six weeks before higher taxes took effect that would have cost him hundreds of millions.

·         Al Gore, the face of global warming hysteria, made $100 million in petro-dollars from the sale of his CurrentTV network to Al Jazeera. Al Jazeera is closely associated with the government of Qatar, which makes money almost exclusively from the sale of oil. Gore reportedly tried to sell the network before taxes increased at the beginning of 2013.

·         Democratic Senator Bob Menendez, who got his start in politics as a "corruption-fighting mayor" in New Jersey, is being investigated for allegedly flying on a donor's plan to the Dominican Republic and having sex with underage prostitutes there.

That's enough for now. Hypocrisy isn't limited to just Democrats. Republicans do it too, but generally they are not the ones asking for more laws to be created (at least not the real Republicans, anyway) only to try to get around them.

How cap-and-trade is played

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President Obama met with twenty senators Tuesday night to discuss the heightened urgency of cap-and-trade legislation in light of the largest environmental disaster in American history. While the oil spill has dominated headlines for two months, very little attention is paid to the history of the idea of cap-and-trade and who would stand to benefit from putting the force of government behind it. Before we can examine the players in the lucrative climate change industry, we must first understand the game.

How the game of cap-and-trade is played

Climate change is a man-made event caused by high quantities of greenhouse gases emitted into the atmosphere by people, cars, industry, and so forth, according to environmentalists and many scientists. It will lead to climactic catastrophes if something isn't done and done soon, say people like Al Gore.

Whether Al Gore and the environmentalists are correct or not is outside the scope of this article. Just go along with it for now.

Carbon emissions from the biggest polluters--industries--need to be measured by independent auditors and then capped at some arbitrary amount to limit their impact on the environment. However, rather than a hard cap, which many companies would have a difficult time complying with, this is a soft cap. Companies would be able to exceed the limit provided they pay some sort of penance.

Companies that come in under the limit could sell that penance to them. The exact amount a company goes under would be quantified as a number of carbon credits. The "green" company could then sell the credits to the polluting company.

Cap, the arbitrary pollution limit, and trade, the act of one company getting its pollution "forgiven" by transferring its money to a redeemed company, acts as a carrot/stick stimulus for all participating companies. With this cap-and-trade legislation, the Democrats hope to compel companies to reduce global emissions.

Cap-and-trade is already a reality

While we're sitting around waiting to see if President Obama has enough Senators to pass cap-and-trade legislation, it's easy to forget that it's already going on in Europe and the U.S.

While European nations are complying with the Kyoto Protocol, some American companies are participating in cap-and-trade on a purely voluntary basis--for now.

They trade carbon credits on the Chicago Climate Exchange (CCX), the United States' only 


carbon credit trading system.  The CCX is the stadium in which the game of cap-and-trade is played. Right now it's a minor-league sport, but it has some real superstars behind it.

How the players stand to benefit

For the sake of argument, let's assume that the plan is economically sound--that it won't raise consumer prices or put companies out of business. Let's say it works great--there are still some glaring conflicts of interest that we must examine.

At the beginning of the decade, a promising Chicago-area state senator named Barack Obama sat on the board of directors of the Joyce Foundation, a nonprofit organization dedicated to Progressive causes such as gun control and the environment. The group contributed money to a research program at the Kellogg School of Business at Northwestern University. In this program worked Richard Sandor, an economist known as "the father of financial futures."

Sandor's research would lead directly to the creation of the Chicago Climate Exchange.

Time Magazine would later call him "the father of carbon trading" and a "hero of the planet" for founding CCX and its European counterpart. Dozens of companies signed up for the privilege to buy carbon credits, either by altruism or so they can brag to their customers that they went green. CCX makes money each time a firm is audited to measure their carbon footprint and each time a carbon credit is sold on the exchange.

A "socially conscious" investment firm saw the potential in CCX and bought a stake in it. That firm was Generation Investment Management (GIM). GIM makes money every time CCX makes money, which again is every time a company buys a carbon credit. Who founded and currently presides over GIM?

None other than Al Gore, Mr. Climate Change himself.

It would seem Mr. Gore--along with co-investor Goldman Sachs--has a hefty financial stake in convincing companies to go green for the sake of the environment. So far he's been successful at it--GIM is worth $2.5 billion.

For their part, Goldman Sachs was the second biggest contributor to Barack Obama's presidential campaign, and 75 percent of its campaign contributions go to Democrats.

Al Gore, Barack Obama, Richard Sandor and Goldman Sachs aren't the only players in this game. Would you believe Fannie Mae, the GSE that is in the home mortgage industry, also plays a prominent role?

On November 7, 2006--24 hours after the Democrats retook control of Congress--Patent No. 6904336 was approved by the U.S. Patent and Trade Office. That patent, which governs the software used to power the Chicago Climate Exchange, is owned by Fannie Mae even though it has nothing to do with its charter--giving the mortgage company proprietary control over the automated trading system in the CCX.

If you're keeping score: Barack Obama helped create the Chicago Climate Exchange--the "trade" in cap-and-trade--Fannie Mae (along with Obama fundraiser Kenneth Berlin) controls it, and Al Gore and Goldman Sachs stand to benefit from every transaction that occurs on it.

And they're all pushing to make their system the law of the land. Where is the media on this?

This blog attempts to add perspective and context to local and national politics, through a variety of disciplines, such as history, economics, and philosophy--all tempered with common sense. About the author

Eric Ingemunson's commentary has been featured on Hannity, CNN, NBC, Inside Edition, and KFI's The John and Ken Show. Eric was born and raised in Ventura County and currently resides in Moorpark. He earned a master's degree in Public Policy and Administration from California Lutheran University. As a conservative, Eric supports smaller government, less taxation, more individual freedom, the rule of law, and a strict adherence to the Constitution.
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