Lindsay Graham Seeks to Bail Out General Electric and Rescue Obama’s Energy Policy

Town hall ^ | February 20, 2010 | Tom Borelli

[opentalk]

By advocating for a renewable energy bill on the eve of the demise of the man-made global warming theory and for its legislative offspring, economy killing cap-and-trade legislation, progressive Senator Lindsay Graham (R-SC) is simultaneously seeking to bail out GE and to rescue Obama’s energy policy.

Graham is working with GE lobbyists to draft the ‘‘Clean Energy Act of 2009’’ – legislation to establish a federal mandate requiring that an increasing amount of electricity must be derived from so-called “clean energy” sources over the coming decades.

Specifically, the draft bill demands that 20 percent of electricity come from “clean energy” sources by 2020 and 50 percent by 2050.

Coincidentally or otherwise, Graham’s definition of clean energy matches GE’s business strategy in clean coal technology and renewable and nuclear energy.

...“Several sources said General Electric Co. helped Graham in crafting the legislative language. GE has the world's largest gas turbine manufacturing plant, in Greenville, S.C.

...Disturbingly, Immelt does not want to compete in the open marketplace. Rather, he wants to game the political system by working with Congress to mandate demand for GE’s products, either by increasing the price of fossil fuels through a cap-and-trade system or via a Graham-type bill that requires power generation from renewable energy sources.

[DTogo]

GE = ENRON

[Paleo Conservative]

watch Nov 2010, then speak some more of your rino bs to me.......

But he's not up for reelection till 2014.

[Kaslin]

I refuse to by any G E products, and so should every FReeper

[Kaslin]

Unfortunately SC is stuck with him until 2014

[Kaslin]

GE supports Iran and as such not only should not be “bailed out” but should be investigated.

This is the exact reason why I am boycotting G E and refuse to buy any G E products