Posted on 07/24/2011 1:16:58 PM PDT by Nachum
As the Administration’s push for alternative fuels grows stronger, Congress is set to consider H.R. 1380, which would create very generous tax credits to manufacturers who retrofit existing work vehicles to run on natural gas rather than on that terrifying global menace known as oil, and very generous subsidies to natural gas vehicle consumers: $7500 per car and a whopping $64,000 for heavy-duty trucks and 18-wheelers. It’s common knowledge in DC that Texas hedge-fund operator and natural gas-magnate T. Boone Pickens is the force behind this bi-partisan, pork-laden legislation, possibly because his natural gas empire would greatly profit from the sudden influx of billions of taxpayer dollars in the form of subsidies listed in the bill.
But hidden behind the scenes is another multi-billionaire, one with a much more sinister motive than mere profit. A man who’s vast fortune of nearly $7 billion is being used to subvert nearly every American institution to conform with his dream of a worldwide socialist utopia.
George Soros.
According to the website GuruFocus, which tracks the investment habits and portfolio trends of some of the world’s richest people, George Soros has made some intrigiung investments into alternative fuel companies of late, specifically those at the forefront of natural gas. This would not be so troubling except that, as GuruFocus points out, Soros has accurately predicted both economic bubbles and quickly growing industries. As a result, Soros’s funds have turned out a 30% return on investments since their inception.
(Excerpt) Read more at biggovernment.com ...
Interesting, T Boone first was pushing windmills all over Texas. That was until people started realizing it is not cost effective and scars the landscape.
Then he switched to pushing Natural Gas. WHY anyone would take anything the two money whores push is beyond me. I know people are money hungry. but Soros and his minions don’t give a RATS behind about the American people. He is like a leach sucking the blood out of our lives.
This is the achilles’ heel of capitalism, that it does not care how good or evil the people are that it makes rich, as long as they have decent insight into what sells well. I’d still take capitalism with Soros leeching off of it, than any flavor of communism or socialism the world has tried without Soros being there.
Soros is begging for a perp walk..
Even while Soros DESTROYS the very same Capitalist Sysdtem that made him rich.
He learned the concept from DADDY during WWII.
Being a Jew meant nothing to him. He was ready to support the sending of his fellow Jews to the gas chambers as long as their was an almighty buck to be made.
Your reletivism is desturbing. Even in a Capitalist system there is room for respect for your fellow human beings. The “robber Barons” of the early 20th Century felt compelled to fund Libraries, Universities, Hospitals, while building the great railroad system of the Country. Yes they made fortunes, and yes they were taskmasters, however they didn’t use their fortunes to destroy the system that allowed them to make that fortune.
No, capitalism works just fine. It is this kind of crony capitalism where the rich can bribe powerful politicians that stinks. If we had small, limited government, then there would be no favors to hand out to sleazy weasels like Pickens and Soros.
If boosting natural gas technology is crony capitalism, there could be worse things. At least it’s far wiser energy policy than Pickens’ initial foray into windmills. The US is the virtual Middle East of natural gas (and coal, though coal is more troublesome to handle).
As long as politicians have their price, it would not matter if George Soros died tomorrow. Some other rich person or people would rise up to take his place.
In the end, though, government boosting of anything leads to failure! What is needed is unrestricted competition without politicians picking winners and losers. Government interference in a market always hinders progress. The only beneficiaries are people like Pickens and Soros who receive undeserved handouts from the taxpayers.
http://www.thefreemanonline.org/columns/our-economic-past-subsidies-hurt-recipients-too/
Energy policy is not just a global economic thing, it’s a national security thing. It may not be optimal economics in the long run to give natural gas a kickstart, assuming the world remains a civil place to be in. It might prove to be a VERY smart move if things get really ugly with Islamic oil countries. It would be better if it didn’t enrich lefties, but if that’s the price of energy independence it might be a compromise that can be swallowed.
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