Day: November 6, 2010

Pelosi Channels Stalin to Retain Leadership Post

House Democrats may have missed their golden opportunity to rid themselves of the pathologically narcissistic leader that has nearly destroyed them – just like the Soviets missed their best chance in late-June 1941.

After having purged his army generals via show trials in 1937 and after having utterly ignored numerous intelligence reports that the Nazis were going to invade the Soviet Union, Joe Stalin was terrified when the Nazis actually did invade on June 22, 1941.

But he wasn’t scared because the Germans were slaughtering his armies or gaining vast swaths of territory (largely because he refused to give orders to counterattack), he was scared because he reasonably believed that he was going to be deposed (and worse) for his disastrous miscalculation in trusting Hitler.

In the immediate aftermath of the invasion, Stalin vanished from Moscow, absconding to his dacha where he hid, trembling. When prime minister Vyacheslav Molotov finally got a hold of him after about a week or so, Stalin imagined that the Politburo was coming for him.

But shockingly, the Politburo wasn’t angry with Stalin. Instead, the sycophantic group was desperate for his leadership. The much-relieved Stalin got a grip on himself and resumed active leadership of the nation and its armies.

Thus, the Soviets thus lost the opportunity to rid themselves of a most destructive and vulnerable leader.

Fast forward to November 2, House Speaker Nancy Pelosi blithely told the media on election day that she was confident of Democrats maintaining control over the House of Representatives — arrogantly ignoring every shred of information to the contrary.

Then in the immediate aftermath of the 60-seat wipeout — a destruction that was courtesy of her forcing House Democrats into becoming kamikazes for an extreme legislative agenda — Pelosi laid low for the next couple days, probably uncertain of what to do or say.

Later in the week, House Democrat survivor Heath Shuler (NC) indicated that he might challenge Pelosi. But other Democrats remained mostly silent. No chorus of Democrats called for Pelosi’s ouster.

Apparently sensing that House Democrats were too shell-shocked and too afraid to rightly direct their frustration at her, Pelosi relocated her cojones and announced on November 5 that she would seek to retain her House leadership role. Thus Democrats probably lost their opportunity to rid themselves of perhaps the worst political leader their party has ever had.

The self-resurrections of Stalin and Pelosi have two key elements in common – an absence of conscience (no guilt over the havoc they wrought) and the bully’s situational awareness for coward exploitation (”Wow, these pusillanimous wimps really don’t have the brains and/or courage to get rid of me, so I can still be queen bee.”)

Some may view these self-resurrections as heroic manifestations of courage and steadfastness. But in the context of the circumstances and other relevant facts, a more apt characterization of this behavior involves pathological narcissism.

Of course, it’s not too late for Democrats to save their party from a leader with harmful psychological issues. But they will have to realize that Nancy Pelosi is just another vain and power-crazed bully, not the winged goddess of victory-in-2012.

But like skeptics were most pleased that the greens selected the polarizing and truth-and-lifestyle-impaired Al Gore to be the face of global warming alarmism, House Republicans are no doubt licking their chops at the prospect of the nationally unpopular and publicly rebuked Nancy Pelosi being the face of House Democrats again.

If Al Gore’s Chicago Climate Exchange Suffers Total Failure, Does the MSM Make a Sound?

By Steve Milloy
November 6, 2010, PajamasMedia.com

Global warming-inspired cap and trade has been one of the most stridently debated public policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading — the only purpose for which it was founded — this year.

Although the trading in carbon emissions credits was voluntary, the CCX was intended to be the hub of the mandatory carbon trading established by a cap-and-trade law, like the Waxman-Markey scheme passed by the House in June 2009.

At its founding in November 2000, it was estimated that the size of CCX’s carbon trading market could reach $500 billion. That estimate ballooned over the years to $10 trillion.

Al Capone tried to use Prohibition to muscle in on a piece of all the action in Chicago. The CCX’s backers wanted to use a new prohibition on carbon emissions to muscle in on a piece of, quite literally, all the action in the world.

The CCX was the brainchild of Northwestern University business professor Richard Sandor, who used $1.1 million in grants from the Chicago-based left-wing Joyce Foundation to launch the CCX. For his efforts, Time named Sandor as one of its Heroes of the Planet in 2002 and one of its Heroes of the Environment in 2007.

The CCX seemed to have a lock on success. Not only was a young Barack Obama a board member of the Joyce Foundation that funded the fledgling CCX, but over the years it attracted such big name climate investors as Goldman Sachs and Al Gore’s Generation Investment Management.

But a funny thing happened on the way to the CCX’s highly anticipated looting of taxpayers and consumers — cap-and-trade imploded following its high water mark of the House passage of the Waxman-Markey bill. With ongoing economic recession, Climategate, and the tea party movement, what once seemed like a certainty became anything but.

CCX’s panicked original investors bailed out this spring, unloading the dog and its across-the-pond cousin, the European Climate Exchange (ECX), for $600 million to the New York Stock Exchange-traded Intercontinental Exchange (ICE) — an electronic futures and derivatives platform based in Atlanta and London. (Luckier than the CCX, the ECX continues to exist thanks to the mandatory carbon caps of the Kyoto Protocol.)

The ECX may soon follow the CCX into oblivion, however — the Kyoto Protocol expires in 2012. No new international treaty is anywhere in sight.

While we don’t know how well Al Gore and Goldman Sachs fared on their investments in the CCX, we do know that there’s no reason to cry for Sandor. He received $98.5 million for his 16.5% stake in CCX when it was sold. Not bad for a failure that somebody else financed.

Incredibly (but not surprisingly), although thousands of news articles have been published about CCX by the lamestream media over the years, a Nexis search conducted a week after CCX’s announcement revealed no news articles published about its demise.

Outside of a report in Crain’s Chicago Business and a soft-pedaled article in a small trade publication, the media has entirely ignored the demise of the only U.S. effort at carbon trading. Even Glenn Beck, who has dedicated quite a bit of Fox News airtime to exposing the CCX, has yet to mention the news.

Despite ending carbon trading, the CCX isn’t vanishing altogether. It intends to transition into the murky world of dealing in carbon offsets. Once again, however, with the tide leaving on carbon regulation and increased concerns about fraudulent carbon offsets, the future of that market is quite uncertain.

With the demise of CCX carbon trading, only the still-pending Waxman-Markey bill is keeping cap and trade alive — technically, at least — in the U.S. According to JunkScience.com’s Cap-and-Trade Death Clock, however, Waxman-Markey only has about 60 days of life left before it, too, turns into a pumpkin.

Despite this good news, opponents of carbon regulation will need to remain vigilant. While radical greens and the rent-seeking “clean energy” industry are down, they are not out.

Though they will never again dare utter the term “cap and trade,” they will reformulate and rebrand carbon regulation in the form of a national “renewable electricity standard” (RES), a “carbon tax,” or perhaps something even more innocent and cuddly — like “free cotton candy for everyone (FCCE).”

The global warming mob will be back, with their old agenda and new deceit, in 2011. Given that Republican politicians have a long history of squishiness on environmental issues, the rest of us will need to be prepared to continue the battle against Marxist/socialist and economy-killing energy rationing and taxes.

Steve Milloy publishes JunkScience.com and is the author of Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them.