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  • Morning Bell: The Waxman-Markey Pay to Play

    When Congress passed its last major energy legislation in 2005, a minor provision was added late in the legislative process that created a $1-per-gallon tax credit for “renewable diesel” fuel created through “thermal depolymerization.” The measure was included to benefit a single firm that produced boiler fuel from turkey waste, but in 2007 the Internal Revenue Service ruled that the tax credit also applied to other livestock waste. This led corporate giants ConocoPhillips and Tyson Foods to form a joint venture that turned chicken, cow, and pig fat into diesel fuel.

    But just as ethanol mandates drove up the price of food, diverting Tyson’s animal fat into the energy market drove up the costs of manufacturing soap. So the soap lobby fought back and earlier this year Congress cut the thermal depolymerization tax credit in half. This made the Conoco/Tyson venture unprofitable, which they have since discontinued.

    What does this have to do with the Waxman-Markey cap and trade legislation currently being debated in Congress? Everything. In order to win enough votes to pass cap and trade, Rep. Henry Waxman (D-CA) has given the corporate members of the United States Climate Action Partnership (which includes both private and government-controlled firms like General Electric, Duke energy, Chrysler, and General Motors) a front-row seat in writing the legislation. The motives of these major corporations are simple: if they cooperate with big government in drafting the legislation, they can cut deals to protect their bottom line. If they don’t play ball, then big government will just tilt the regulatory scheme in their competitors favor. As the New York Times reports, this is exactly what is happening in the House now:

    Cap and trade, by contrast, is almost perfectly designed for the buying and selling of political support through the granting of valuable emissions permits to favor specific industries and even specific Congressional districts. That is precisely what is taking place now in the House Energy and Commerce Committee, which has used such concessions to patch together a Democratic majority to pass a far-reaching bill to regulate carbon emissions through a cap-and-trade plan.

    The Center for Public Integrity released a study today showing that lobbying on the Waxman-Markey bill has been dominated by just 10 major lobbying firms. And yesterday the United States Climate Action Partnership released a statement in support of Waxman-Markey explaining:

    As USCAP has indicated, there are several key linked issues that must fit together to ensure a climate protection program is environmentally effective, economically sustainable and fair. In some instances, that does not occur in this legislation. … Individual USCAP members will continue to work with Congress to address these matters in a satisfactory manner.

    Oh, we’re sure they will.

    Quick Hits:

    Posted in Ongoing Priorities [slideshow_deploy]

    26 Responses to Morning Bell: The Waxman-Markey Pay to Play

    1. jjay - Louisville, K says:

      Instead of "Oh, we’re sure they will." screaming and crying about what Congress is doing or NOT doing, why not do some hard work and give names of the Congressmen who need to be contacted?

      Do something innovative like give your readers something they can do that's positive to change what you seem to think is a travesty, instead of only criticizing or name calling which just makes you look worse.

      Stop blaming everyone else and start doing something constructive for a change by showing others how they can help rather than blubber in your lost causes.

    2. Eugene Hoffman, Hous says:

      Our Leaders in the Courts, Senate, and House of Representatives publicly decry the corrupt means that many of the World's Governments function under, mafia-style racketeering, black market tactics, and fascism, yet behind closed doors with their cigars and brandy they cut deals to benefit themselves and their perpetuity. They are taking over every aspect of commerce, banking, the private sector and our individual rights through legislation and "government unionized thugs": the American Dream is in jeopardy, COLLECTIVISM must be stopped.

    3. Dianne - Ocean Sprin says:

      I'd like to know why no-one is mentioning how Michael Savage – a conservative radio talk show host- has been put on the "terrorist watch list" – and cannot enter Britain…and no-one seems to care. Is it his conservative views that are in question? IF that is the case, then each of us who are conservatives could soon be on that list!!!

    4. herby1966 says:

      I have said it before, and I will go on saying it. Gov. needs to get the H%#@ out of the business of private business. Let the card companies fail if they choose to give credit to people who can't or won't pay. It is not up to the responsible ones of us to carry the irresponsible. Semper Fi.

    5. Jonathan Seid, Willi says:

      I appreciate the finesse democrats and republicans enjoy writing bills and passing laws that are attractive in committee and butt-ugly when implemented.

      Everything they do is to consolidate power. It is not about what is right and good for citizens. Since they work for us, and they are not doing the job well enough to remain in the job, it is time to fire them. This works well for citizens because we have the power to oust every 2-years. The problem is that some citizens like the largess from government and will do only that which continues their check. The new revolution can start this re-election cycle simply by not voting for any incumbent. That's my medicine for the sickness in government.

    6. Robert austin,texas says:

      OBAMA AND HIS LIBERAL CONTROL FREAKS ARE ON A ROLL. HOWEVER, I THINK THE COUNTER REVOLUTION HAS BEGUN AND WHO WOULD HAVE THOUGHT IT WOULD BEGIN IN CALIFORNIA AMERICAS FIRST SOCIALIST STATE? PEOPLE ARE DAMN MAD OUT THERE IN BOTH PARTIES. THE PICK POCKET POLITICIANS HAVE JUST ABOUT BROKE THE CAMELS BACK AND I EXPECT A HUGE WAVE OF REPULBICANS IN 2010 WILL SWEEP THIS SOCIALIST STUFF OUT OF DC. DC IS THE PROBLEM NOT THE S0LUTION TO OUR PROBLEMS AS REAGAN SAID. GET BACK TO THE REAGAN YEARS AND PROSPERITY HE GAVE US AND GOP WILL RISE AGAIN FOR SURE.

    7. Ken Jarvis - Las Veg says:

      How can I find out who

      the 5 were that voted

      AGAINST THE CREDIT CARD BILL?

      LVKen7@Gmail.com

      THANKS

    8. Evan in Anchorage says:

      in the book of charts–why is there not a chart of tax rate verses deficit budgets? If you average the past 4 democrat presidents, deficit per GDP is -1.1%. If you get the average of the past 5 Repubican presidents, it is -3.38% of GDP. In other words, the republicans are 3 times worst that the Democrats. And all the Hertiage Foundation can do is call for tax cuts. It will probably take the Chineses goverment saying we will not buy your debt, to stop the madness.

    9. Eugene Hoffman, Hous says:

      Attn: jjay; The creative spirit of the private sector, tax cuts, emphasis on our traditional work ethic, and our moral beliefs based on the Magna Carta, and Judeo-Christianity is the most positive and uplifting answers I can provide for the issues and problems now facing our federal "monarchy". They are all culpable; except for a few, Ron Paul, and Joe Lieberman are quick examples.

    10. okiejim Oklahoma says:

      While I can appreciate Waxman's concern for the welfare of American citizens, unless he wants to adopt me he can keep his socialist ideas in California. He doesn't need to drive 20 miles just to buy groceries or see a doctor. If he does, he probably has a limo with a driver and couldn't care less how much his goofy ideas will cost.I don't need any more government and I don't need any more liberalism/collectivism.

      This is just more ethanol-like nonsense. Everytime liberals open their mouth it costs me money. ENOUGH ALREADY!!!

    11. Ron, Derry NH says:

      I have contacted my congresswoman a number of times and got a form letter promoting servitude to Obama's ideals.

      The corset of socialism is upon us and they are just lacing it up now for a tight fit.

      Any one thinking this resembles the intention of our government by the people for the people is sadly devoid of a conscience.

    12. Jake AZ says:

      O HAS TO GO

      O HAS TO GO

      O HAS TO GO

      O HAS TO GO

      O HAS TO GO

      O HAS TO GO

      O HAS TO GO

      OBAMA AND HIS MARXIST LIES HAVE TO GO THE SAME WAY CALIFORNIA TURN DOWN OBAMAS' BUDDY SOCIALIST-MARXIST SCHARTZNEGGER

    13. Dennis A. Social Cir says:

      This is just another example of the way obam and the dems want this country to fail. They talk about transparency and then hide everything and the people believe all they say. We do not need "guvernment" run automobile companies, nor do we need "guvernment" run banks. The "guvernment" needs to stay out of running business. I guess we will have obama vehicles or uaw [united awful workers] cars on the road. I wonder if obama will have them make a car with "hope and change" on it. we all hope for change and that it will come in 2010.

    14. David Sayers, NC says:

      It's as if Big Al,Frank Nitti, Lucky, Buggsy,Vito and all the rest of them have come back in the form of democrats. Are they thugs or socialist? It is very hard to tell the difference. Seems they are going to make us an offer we can't refuse. Maybe we should make them an offer first.

      Lets get rid of all of them,especially Big Barry.

    15. Mike, Hickory, NC says:

      (Quotes) "Democrat, party of the working man (and woman)", "The Democrat Party and Democrats love the poor and are for 'the poor little guy', but the Republican Party and Republicans are all hate the poor and are all for 'the rich' and 'big business'".

      Talk about "false advertising"!

      Hey, you Leftist government elitist and statist power and money-grabbing Pinocchios! Your being the head government elitist and statist power and money-grabbing masters of Bovine Scatology and prevarication against the truth and facts has your noses growing out of this world and making the original Pinocchio look like the consistently infallible master of the facts and honesty!

      Yeah, there are also Republican apostles of government elitist and statist power and money-grabbing Bovine Scatology and prevarication, but they aren't as numerous, documented, and known to be such masters of such antics and machinations who have made government elitist and statist Bovine Scatology and prevarication as documentedly and demonstrably synonymous with "Democrat" as with "Republican".

      Indeed, all we need to do is check and we will see it documented and demonstrated how Republicans are assumed to be "(Limited government and free people) Conservatives", whether they are or not, and are held by the media and everyone else to a higher (and in fact "double") standard, and "Democrats" are assumed to be "(Big government) Liberals" and are not held by the media and everyone else to a far lower (and in fact "double") standard, if any at all.

      Of course we, the people, need to "call out" and "boot out" all prevaricating and Bovine Scatology-speaking government elitist and statist power and money-grabbers, whether "Democrat", "Republican", "Independent", or any other, if we are to save what remains of our freedoms, resources, and security in our America, the last best hope of mankind, which Leftist government elitists and statists are eliminating through their "remaking".

    16. Mike, Hickory, NC says:

      correction: "as documentedly and demonstrably synonymous with “Republican" as much as it is with "Democrat".

    17. ella quinn kinston n says:

      I agree with dennis,and ron.Let us vote all of them out.

    18. Lee-White Tanks AZ says:

      Mussolini Corporate Fascism anybody? Henry Wallace must be dancing in his grave. This is exactly how the Great Depression started and continued, and continued, and continued until WWII came along and made heros out of the worst bunch of traitors this country has ever known.

      And, here we are again ponying up to the same watering hole. It definitly makes one wonder when WWIII will get started in order to save this bunch of crooks from richly deserved prison sentences.

      Mussolini Corporate Fascism coupled with Alinsky inspired Urban Fascism as aided and abetted by The "O" is sending this country on one hell of a trip. We will be in survival mode long befor an "O" second term if somthing doesn't change pretty quickly.

      PC is Thought Control

      LEE

    19. michael hutchings says:

      Am i not surprized that WAXMAN and the big one world ;cant we all just get along corporations; can turn manure into political gold and drive up the price of soap to clean your self up after wading through the raw material daily.

      Thanks to the corrupt and soon to be subsidized establishment press we are hip deep in raw material to produce diesel fuel;and not i might add organic fuel like petroleum is; shame on you green gangsters.

      waxman has a history of this as do his henchmen that write such short sighted;at least to us;laws that benifit them selves at the expense of every one else.

      I am sure that the planet will be saved by his and others take on what constitututes reality and legality.

      Will MICHAEL SAVAGE wage the second BATTLE OF BRITAIN alone. One wonders if this is so and why.

    20. Pingback: » Financial News Update - 05/20/09 NoisyRoom.net: “Extremism in the defense of liberty is no vice. Moderation in the face of tyranny is no virtue.” Barry Goldwater

    21. Mike, Hickory, NC says:

      Note: I made a number of typographical and other errors in my previously posted response, they are significant enough to change the meaning of what I meant to say and make my previous response significantly lacking; that calls for me to make the necessary changes, and for the posting of this response.

      "The Democrat Party and Democrats are all for 'the little guy'”, and “The Republican Party and Republicans are all for 'the rich' and 'big business'", eh?

      Talk about "false advertising"! Just take a look at how the Democrats in control are engaging in their “Deep pockets” Big Businesses/Big Government antics and machinations for their Waxman-Markey government power and money-grab!

      Indeed the Democrat government elitist and statist vote-buying power and money-grabbing gods of prevarication and Bovine Scatology are using such things as their Waxman-Markey power and money-grab to play their vote-buying, power and money-grabbing game of Big Business/Big Government to shut-out the opposition, and are thus also even further growing their noses out of this world and making the story of the original Pinocchio look like the story of a consistent source of the facts and honesty!

      Yeah, there are also such Republicans, but they are not as numerous and documented masters of such antics and machinations, and in any case the fact is they are not in control but such Democrats are, even as much as any such Republicans fraternize, collaborate, and are complicit with such Democrats in order to get themselves “a piece of the (government elitist and statist vote-buying, power and money-grabbing) action”.

      Of course we, the people, must "call out" and defeat all such false advertising, vote-buying, Big Business/Big Government-playing, prevaricating and Bovine Scatology-speaking, government elitist and statist power and money-grabbers, whether "Democrat", "Socialist”, “Independent”,

      "Republican", or any other, if we are to save what remains of our freedoms, resources, and security, and help preserve, protect, and defend our Constitution of the United States against all enemies, both foreign and domestic, in our America, the last best hope of mankind, which government elitists and statists are actually subverting through their “remaking”, including through their “Waxman-Markey” power and money-grab.

    22. Judith of The Late, says:

      Yesterday, I attended a Heritage Foundation sponsored seminar event here in Detroit with Karl Rove giving the key-note address. There were 630 people in attendence.The discussions about taxes, the economy, etc. were sobering and frightening, but the atmosphere was electric! People are wakig up and deciding to fight back.

      The bottom line is we can't look to D.C. to fix the growing problems. They ARE the problem.

      The answers must come from the grass-roots and build from there (Tea-parties)We need to be more vocal and pro-active in our opposition to the dangers we are facing as a nation.

      I personally e-mail and phone many, many congress people about issues. I only recieve responses from a few, but at least they are getting the word that someone is paying attention. They can't hide their corruption forever.

    23. C Hyatt, Albuquerque says:

      One can only wonder how much longer the American Tax payer is going to let this go on. Even the those who are hopeless idiots must at this point see that there is major corruption in the system. Cap and Trade will magnify that corruption. This Bill has nothing to do with "saving the planet" or "stopping pollution". It has ever thing to do with big business and big government power. If you thought that AIG was an abuser just wait till the companies involved in Cap and Trade get done. To date, Congress has done nothing but spend us into a debt that even future generations may not be able to pay off. It's time to say no.

    24. C Hyatt, Albuquerque says:

      Don't like Cap and Trade. Do something. Contact one of the guys below and tell them "NO". Cap and Trade, Pay For Play…it's all the same.

      Rep. Teague (NM) 202-225-2365

      Rep. Michael Ross (AR) 202-225-3772

      Rep. Charlie Melancon (LA) 202-225-4031

      Rep. G. Butterfield (NC) 202-225-3101

      Rep. Zack Space (OH) 202-225-6265

      Rep. Michael Doyle (PA) 202-225-2135

      Rep. Bart Gordon (TN) 202-225-4231

      Rep. Charles Gonzalez (TX) 202-225-3236

      Rep. Gene Green (TX) 202-225-1688

      Rep. James Matheson (UT) 202-225-3011

      Rep. Rick Boucher (VA) 202-225-3861

      Rep. Peter Welch (VT) 202-225-4115

      Rep. Jay Inslee (WA) 202-225-6311

    25. Pingback: Morning Bell: Global Warming – Is There Anything It Can’t Do? | The Foundry: Conservative Policy News.

    26. Pingback: Global warming - the universal cause agent (and money-maker) - Orange Punch : The Orange County Register

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