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Thursday, February 24, 2011

Why Play By Rules

when you can pay people to make them up for you?

George Soros, the only acceptable billionaire by liberal standards, is opening up a hedge fund in this measly economy. How? Why?

George Soros ... is launching a new investment fund that plans to profit off of the "green energy" boom, which is entirely dependent on government subsidies supported by the groups Soros funds.
As the press release puts it, this fund will "leverage technology and business model innovation to improve energy efficiency, reduce waste and emissions, harness renewable energy, and more efficiently use natural resources, among other applications." As Soros puts it in the same release: “Developing alternative sources of energy and achieving greater energy efficiency is both a significant global investment opportunity and an environmental imperative.” Cadie Thompson at CNBC's NetNet flagged this.
So, yeah. The big-government policies advanced by the liberal outfits he funds -- like Center for American Progress -- will enrich the companies in which Soros is investing.
But this story gets better.
The press release casually mentions whom Soros is hiring to run this new fund: Cathy Zoi. As Cadie Thompson at CNBC's NetNet, puts it,
Zoi was Barack Obama's "Acting Under Secretary for Energy and Assistant Secretary for Energy Efficiency and Renewable Energy." An Al Gore acolyte, Zoi was Obama's point-woman on subsidizing green tech. Now she's going to work for George Soros to profit off of subsidized green tech.
That's one way to yield a high return with little risk.

I wonder if the news media will cover this bit. Or maybe they'll be busy lining up to invest....
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  1. Thank God for the internet, we need to expose this kind of corruption now, more than ever.

  2. Well - good thing there are no Koch family members involved.

  3. The Impact Of Surging Oil Prices On The US Consumer: A Primer

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