Archive for the ‘GE’ Category

Waxman-Markey And The Climate-Industrial Complex

May 22, 2009

Some business leaders are cozying up with politicians and scientists to demand swift, drastic action on global warming. This is a new twist on a very old practice: companies using public policy to line their own pockets.

By Bjorn Lomborg
The wall Street Journal

The tight relationship between the groups echoes the relationship among weapons makers, researchers and the U.S. military during the Cold War. President Dwight Eisenhower famously warned about the might of the “military-industrial complex,” cautioning that “the potential for the disastrous rise of misplaced power exists and will persist.” He worried that “there is a recurring temptation to feel that some spectacular and costly action could become the miraculous solution to all current difficulties.”

This is certainly true of climate change. We are told that very expensive carbon regulations are the only way to respond to global warming, despite ample evidence that this approach does not pass a basic cost-benefit test. We must ask whether a “climate-industrial complex” is emerging, pressing taxpayers to fork over money to please those who stand to gain.

This phenomenon will be on display at the World Business Summit on Climate Change in Copenhagen this weekend. The organizers — the Copenhagen Climate Council — hope to push political leaders into more drastic promises when they negotiate the Kyoto Protocol’s replacement in December.

The opening keynote address is to be delivered by Al Gore, who actually represents all three groups: He is a politician, a campaigner and the chair of a green private-equity firm invested in products that a climate-scared world would buy.

U.S. Congressman Henry Waxman (D-California) attends a panel ...

U.S. Congressman Henry Waxman (D-California) attends a panel discussion on “the Future of Health” at the 2009 Milken Institute Global Conference in Beverly Hills, California, April 27, 2009. REUTERS/Fred Prouser

Naturally, many CEOs are genuinely concerned about global warming. But many of the most vocal stand to profit from carbon regulations. The term used by economists for their behavior is “rent-seeking.”

The world’s largest wind-turbine manufacturer, Copenhagen Climate Council member Vestas, urges governments to invest heavily in the wind market. It sponsors CNN’s “Climate in Peril” segment, increasing support for policies that would increase Vestas’s earnings. A fellow council member, Mr. Gore’s green investment firm Generation Investment Management, warns of a significant risk to the U.S. economy unless a price is quickly placed on carbon.

Even companies that are not heavily engaged in green business stand to gain. European energy companies made tens of billions of euros in the first years of the European Trading System when they received free carbon emission allocations.

American electricity utility Duke Energy, a member of the Copenhagen Climate Council, has long promoted a U.S. cap-and-trade scheme. Yet the company bitterly opposed the Warner-Lieberman bill in the U.S. Senate that would have created such a scheme because it did not include European-style handouts to coal companies. The Waxman-Markey bill in the House of Representatives promises to bring back the free lunch.

U.S. companies and interest groups involved with climate change hired 2,430 lobbyists just last year, up 300% from five years ago. Fifty of the biggest U.S. electric utilities — including Duke — spent $51 million on lobbyists in just six months.

Read the rest:
http://online.wsj.com/article/SB1242861451927409
87.html#mod=rss_opinion_main

http://michellemalkin.com/2009/05/2
1/waxman-clueless-about-his-captra
de-bill-youre-asking-me/

Related:
Incest is Best: GE Largest Supplier of Wind Turbines, Owns Obama TV (NBC), Obama Went To Turbine Plant for Earth Day
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What California, Pelosi, Waxman, Feinstein and Schwarzenegger Can’t Ignore: Except They’ve Already Proven Stupidity

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Obama, Daschle and Socialized Medicine: Care of GE

May 12, 2009
Tom Daschle is back and working on nationalized healthcare. It’s obvious now, GE is a chosen winner by Obama who is choosing which companies win and lose based around his policies, and that doesn’t include the government has been buying GE’s bad paper. Daschle has been chosen as a board member of Healthymagination. GE will drive socialized medicine through a happy-named company.
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Healthymagination will be in charge of the national patient database, which is established in the stimulus plan. The reports show that GE with Intel Corp is investing $6 billion to improve and make healthcare affordable through Healthymagination, and I have no doubt it is our money they are investing.
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Healthymagination is founded by GE, and GE’s CEO, Jeffrey Immelt, sits on Obama’s team of economic advisers. Healthymagination’s landing page describes the company will change the way we approach healthcare, with more than 100 innovations all focused on addressing three critical needs, lowering costs, touching more lives, and improving quality
Let’s not forget Daschle is one of the hardest pushers of socialized medicine in this country. Socialized medicine will be controlled by the government with General Electric as its partner, who will make billions as your health care is sacrificed.

Read the rest:
http://bungalowbillscw.blogspot.com/200
9/05/healthy-imagination-or-obv
ious-path-to.html

GE’s other arm, Universal, which includes NBC and MSNBC, will make thousand of “commercials” touting the benefits of the healthymagination approach.  That’s called propaganda in Communist nations….

GE has also gotten more than $130 billion in FDIC bailout money….

Related:
Incest is Best: GE Largest Supplier of Wind Turbines, Owns Obama TV (NBC), Obama Went To Turbine Plant for Earth Day