Crony Capitalism: 7 Stocks that Profit From Obama Keystone Backstab

Warren Buffett speaking to a group of students...
Warren Buffet via Wikipedia

President Barack Obama ‘s rejection last Wednesday of a key permit for this highly strategic pipeline beneficial to U.S.’s energy independence and job creation goals fueled nationwide outrage, but did very little to boost shares of energy-related companies that could have benefited from Keystone stumbling blocks.

“Perhaps this is because the rejection was so foolish by the Administration pandering to environmentalists in an election year that investors are assuming it gets approved eventually when rationality prevails in Washington,” says a money manager who prefers to be kept anonymous amid company fundraising efforts. 

The Street

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Democrat Congresswoman: 20,000 Lost Keystone Jobs ‘Not That Many’

Jan Schakowsky
Jane Schakowsky (right) via Wikipedia

Jane Schakowsky screws up:

When the hosts asked her to defend President Obama’s decision to
block the development of the Keystone pipeline, Schakowsky did not
dispute that the project would create jobs, but denied that these jobs
were significant:

Twenty thousand jobs is really not that many jobs
and investing in green technologies will produce that and more. But
I’ll tell you what, you know it seems to me that the Republicans would
rather have an issue than a pipeline.

Big Government

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Liberal Politico Claims Obama State of the Union Speech at 8th Grade Level

Although the media would love to present Barack Obama as seven times brainier than George W. Bush, Byron Tau of Politico
reports “President Obama’s 2012 State of the Union address again rated
at an 8th grade comprehension level on the Flesch-Kincaid readability
test — the third lowest score of any State of the Union address since
1934.”

Disgusting Email from National Wildlife Federation Attacking Keystone Pipeline Jobs

Thanks to you, the endangered whooping crane and other treasured species are safe from the threat of toxic tar sands oil — for now.

Your support helped force the Administration’s recent decision to delay Keystone XL — a controversial pipeline that would carry up to 900,000 barrels per day of toxic tar sands oil from Canada to refineries on the Gulf Coast.

This is a huge win not only for whooping cranes, but also waterfowl, caribou, bald eagles and thousands of other treasured animals.

But our work is far from over. We still need your help in this fight.

The oil industry has redoubled their efforts to get this dirty pipeline approved. As a result, their allies in Congress bundled the Keystone XL issue into unrelated tax legislation. And that’s just the beginning. They’re determined to find a way to transport tar sands through our nation’s heartland.

Please donate to National Wildlife Federation today to help protect wildlife from dirty fuels and other threats. Together we’ll advocate for better pipeline safety standards, do grassroots work in impacted states and fight to stop dangerous projects like Keystone XL in their tracks.

Sincerely,

Felice Stadler,
Director of Climate and Energy
[I thought God was the director of climate, not Felice]

Arizona Democrats Try to Make it Even Easier for Mexicans to Violate Border

“This is a widely popular bill nationwide,” he said. “Revoting on SB 1070 would jack me up about 10 points in the polls.”
Antenori agreed.
“This bill is overwhelmingly popular with residents of this state,”
Antenori said. “The likelihood of support for this effort based on that
popularity amongst Arizonans is slim to none.”

Tucson Citizen