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The Epic Hypocrisy of Tom Steyer
Power Line, by John Hinderaker

Original Article

Posted By:StormCnter, 4/21/2014 4:57:29 AM

Billionaire hedge fund operator and “green” energy magnate Tom Steyer has pledged $100 million in the 2014 election cycle to help Democratic candidates who oppose the Keystone pipeline and who favor “green” energy over fossil fuels. Steyer claims to be a man of principle who has no financial interest in the causes he supports, but acts only for the public good. That is a ridiculous claim: Steyer is the ultimate rent-seeker who depends on government connections to produce subsidies and mandates that make his “green” energy investments profitable. He also is, or was until recently, a major investor in Kinder

      


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Reply 1 - Posted by: BcdErick, 4/21/2014 5:39:44 AM     (No. 9818342)

Greatessay. I didn´t know much of any of this. It must have a lot of work to put this together. Thanks!


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Reply 2 - Posted by: BcdErick, 4/21/2014 5:48:06 AM     (No. 9818347)

Great essay. I didn´t know much about this at all... (sigh).

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Reply 3 - Posted by: uno_thatguy, 4/21/2014 6:04:30 AM     (No. 9818356)

This isn´t just hypocrisy, it is evil opportunism. Some moneyed entity such as the Koch brothers need to lay a few million bucks on the table to expose and depose this poseur. He is riding on the backs of his investors to garner and claim even more lucre for his cache. This is not to "help" candidates. His "investment" has nothing to do with promoting green energy. It is a gambit to drag "green" fools into his web thus building his own personal portfolio.

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Reply 4 - Posted by: Starlady, 4/21/2014 7:52:25 AM     (No. 9818456)



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Reply 5 - Posted by: Starlady, 4/21/2014 7:56:29 AM     (No. 9818459)

I think Mr Steyer is working hand in hand with Obama to ruin US and enable other countries to rise to the top. He and Al Gore want us to survive on solar and windmills while it´s fine for other countries to use coal and oil. Just part of a very evil plan and Mr Steyer gets rich off of it as well.

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Reply 6 - Posted by: gasmeterguy, 4/21/2014 8:10:03 AM     (No. 9818477)

Where is the outrage? Another billionaire influencing public policy and elections with his money. Together with the Koch brothers...oh, wait.


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Reply 7 - Posted by: john56, 4/21/2014 8:14:11 AM     (No. 9818482)

In other words, another "Do as I say, not as I do" liberal.



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Reply 8 - Posted by: dodge boy, 4/21/2014 8:23:23 AM     (No. 9818494)

I think Steyer is just one of many who has eroded the moral fabric of what was once the greatest nation on earth. American greed is certainly alive and well. Maybe they will get there´s when the big aftershock hits.

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Reply 9 - Posted by: eoddad, 4/21/2014 8:36:50 AM     (No. 9818518)

As Rush would say "follow the money."

The left claims to care about the environment while the billionaires who fund them are using government to attack competiters so they can line their pockets. Soros, Steyer and Buffet being to to most prominent.

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Reply 10 - Posted by: seal010101, 4/21/2014 8:38:09 AM     (No. 9818521)

Let´s test Tom Steyer to see if he is indeed a worthy candidate for eco-canonization by removing all government subsidies for green energy. If it has to stand on its own, will Mr. Steyer still prefer it over what he until recently seemed to love, coal?

I have a feeling that his devotion to green energy would wane if its true ROI were the only thing keeping it in the game.

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Reply 11 - Posted by: Avogadra, 4/21/2014 9:05:58 AM     (No. 9818563)

Is there a too long/didn´t read version of this someplace?

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Reply 12 - Posted by: judy, 4/21/2014 9:19:35 AM     (No. 9818583)

He´s wasting his 100 million to push green abccbsnbccnn NY Times, WP are doing if for free. Does he walk or use jet fuel?

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Reply 13 - Posted by: MDMuskrat, 4/21/2014 9:23:57 AM     (No. 9818593)

Consider the source. If Power Line was not already a source of hard hitting journalism and analysis, they are now -- thanx to John Hinderaker and his reader. [Go back and read the sane, laudatory comments at the end of this soon-to-be-much-cited article.]

Visit Power Line daily for great articles by John H., Steven Hayward, Scott Johnson (and Scott´s Ammo Grrrll)...and do not miss Hayward´s hilarious "Week In Pictures."

No, I´m not related to any of these people...but I approve this ad.

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Reply 14 - Posted by: oh-heck, 4/21/2014 10:14:50 AM     (No. 9818681)

Hedge fund operators are the ultimate crony capitalists. As part of investing in lower quality coal, he had to be sure that higher quality coal from Wyoming wouldn´t be exported. I´d wager he lobbied hard to get Obama to block a coal loading station in Oregon to prenent export to China. I´d even wager he hindered Australian coal as well. Those measures increased the return on Malaysian coal by eliminating cleaner competitors.

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Reply 15 - Posted by: OhMy, 4/21/2014 12:16:33 PM     (No. 9818853)

Steyer makes the Koch Brothers look like saints and pikers at the same time. I am sure Obama and Reid will expose and eliminate this evil./s Steyer is one of the few people with enough wealth to buy Obama!

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Reply 16 - Posted by: Stryker714, 4/21/2014 4:55:11 PM     (No. 9819135)

This reminds of the conspiracy in our history, between GM, Goodyear, an oil company to destroy the American trolley system so the three confederates could: sell/get rich in business of buses, tires and gas.

It also reminds of some Islamic countries that are using "democracy" as a short term vehicle, a means to an end they intend to abandon. Ie elections. Obama does this too-uses our institutions, etc to benefit himself, Democrats, then burns/destroys the bridge to keep others from doing the same. An inverse example is the way Obama intentionally allows illegals in. It will give the left long term advantage to the point border control will not even be a matter of concern anymore. Modus: abuse/neglect border control until it breaks the whole system in place.

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Reply 17 - Posted by: Carolina Kat, 4/22/2014 11:30:50 AM     (No. 9820155)

Hypocrisy is so rampant in the Democrat Party that it is now part of their platform.

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Reply 18 - Posted by: Butch59, 4/22/2014 12:37:07 PM     (No. 9820308)

It would seem that Steyer is just a throwback to the robber barons of the 19th century. Those like J.P. Morgan, Andrew Carnegie, J.D. Rockefeller, etc. He will do just about anything to increase his own personal wealth and his power position. And he uses his money rip of the taxpaying public´s money via the subsidies paid to him by the government. All in all, a truly disgusting type of person. And here I thought that this country had enacted laws that were supposed to contain and/or get rid of the old style robber barons. Seem as if Steyer has found a new way to do it.

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Reply 19 - Posted by: Lawsy0, 4/22/2014 12:42:37 PM     (No. 9820324)

Yes he is a con man and a financial magician. But he is crooked as a dog´s hind leg (apologies to the dog) and a typical DEMOCRAT!

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