Sunday, August 01, 2010

GE-Climate Profiteers

IBD reports:
While the oil and gas companies are bearing the brunt of taxation, regulation and environmental angst, others are doing just fine, thank you. If you think cap-and-trade is dead, just follow the money.

According to a recently released Center for Responsive Politics review of reports filed with the U.S. Senate and U.S. House, General Electric and its subsidiaries spent more than $9.5 million on federal lobbying from April to June — the most it's spent on lobbying since President Obama has been in office.
GE gets subsidized by U.S. taxpayers and now wants to loot them further. No word yet from Chris Matthews on this one.