California's Proposition 10 & T. Boone Pickens is using the power of the government to make his (and Pelosi's) investments better.
On the one hand we have a businessman doing what businessmen do - make sure that their company makes as much money as possible; by playing with the government. On the other hand we have one of the democrat's most important leaders, a woman who was supposed to usher in a new way for America when her party took over congress, who is financially benefiting from the government's intervention with the free market.
Here's what Mrs. Pelosi and Mr. Pickens have to gain:
Pelosi could have purchased around 20,000 shares at $3.86, or $50,000 to $100,000 worth, which are now worth 300% more than their original value.
Nancy Pelosi says that she is trying to save the planet and prevent global warming, but the reality is that, according to disclosure statements, in May 2007 she invested in T. Boone Picken’s clean energy fuels corp., CLNE, which is the sole sponsor of a proposal in California to funnel $5 billion in state funds and $5 billion in Federal funs to this corporation which will indirectly help them create a giant wind farm in the Texas panhandle.
An overlooked story in November of 2007 shows that the T. Boone Pickens plan involves the private control of water, which Pickens wants to be able to sell to big cities via giant water pipelines which will be built on land seized under eminent domain.
So Pelosi and Pickens are going to make a bundle off of this if the people will go along. Hell, folks, this is a lot bigger than I thought it was. I just thought it was about wind farms and the Texas panhandle. It's not. It's about fundamentally altering our nation's energy policy around the investment portfolio of a few people.
It's not just about wind or water or even plain old energy anymore. It is about using the government to boost a few people's (Pickens and Pelosi) investments.