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Location: Pantego, Texas, United States

Friday, March 06, 2009

A lot of Ivy Leaguers who run major corporations in America are Democrats and are what were called "looters" in Ayn Rand's book, Atlas Shrugged. These people do nothing useful for society or the companies they lead, but they do enrich themselves with huge bonuses. Unlike what is thought by most people, they do not fund global warming deniers. They don't really care whether or not global warming is real; they are rent-seekers who are looking for advantage from the government. (The more subsidies they can wrangle from the government, the larger the bonus they can justify for themselves.) Jim Rogers (of Duke Power) and Jeffrey Immelt (of GE)worked to elect Obama so they could help him fashion plans to "help" America. But, it is dangerous to work with politicians. You can buy them, but they don't always stay bought, especially if they are from Chicago. Rogers is finding that out the hard way, as described here. Rogers is correct that Obama's carbon cap and trade scheme is very bad for America.

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