Will Obama’s fiscal connection to a beneficiary of his office be a concern this time?
You can’t mention the name of oilfield services company Halliburton without conjuring the image of former Vice President Dick Cheney. The MSM and the Left in this country made absolutely certain that Cheney’s past ties to the company were front and center of any even glancing contact Halliburton had with government contracts and that focus was generally slanted to imply a corruption of some kind. Never mind that Cheney hadn’t been involved with the company for years and that any investments he had left that were in any way connected with them were held in a blind trust. It was an axiom in the media and on the Left that his work with them forever tainted any interaction Halliburton had with the government and that Cheney shouldn’t be allowed to have any say over any decision that involved them.
Will they say the same thing about Obama now that his relationship with a firm standing to directly benefit from the cap-and-trade carbon scheme Obama’s trying to push through Congress has come to light?
In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.
During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself “North America’s only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide.”
One of those gases is carbon dioxide, the most ubiquitous greenhouse gas and the focus of the most far-reaching — and contentious — efforts to combat “climate change.” On Monday, Obama’s Environmental Protection Agency declared carbon dioxide a public health threat.
Obama’s connection to this company is every bit as strong – and, arguably, stronger – than Cheney’s was to Halliburton and his administration’s agenda is playing far more strongly to Chicago Climate Exchange’s business plans than the past administration’s was to that firm. If it was a cause for concern then, it most certainly is now. Unless the MSM has other goals, they should be diving into this issue with all they’ve got. Any takers on whether they will?
Even the Democrats on the Hill know this scheme is a knife in the back of the US economy and this at a time when the economy is already suffering the effects of multiple stab-wounds. We don’t need another and, barring some other impetus, there’s not a whole lot of good reason to be pushing this right now. An impetus like, say, a personal business connection with a firm that stands to gain significantly should the cap-and-trade scheme turn into law. It doesn’t look good and we need the details of what’s going on in that relationship. The MSM, if they are what they’ve been claiming to be, needs to step up and get us that information. Let’s see if they do.



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Time March 27, 2009 at 01:14
[...] my: Barack Obama has a connection to a firm standing to benefit from the “cap-and-trade” proposal? For those not in the know, “cap-and-trade” means “quadruple your electric [...]