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It's Always A Conspiracy, Natural Gas Edition

January 27, 2012 2:53 pm ET by Simon Maloy

In his State of the Union address on Tuesday, President Obama said that his administration "will take every possible action to safely develop" America's reserves of natural gas, and that the "development of natural gas will create jobs and power trucks and factories that are cleaner and cheaper, proving that we don't have to choose between our environment and our economy." The next day, in Las Vegas, the president talked about "an America where more cars and trucks are running on domestic natural gas than on foreign oil.  Think about an America where our companies are leading the world in developing natural gas technology and creating a generation of new energy jobs; where our natural gas resources are helping make our manufacturers more competitive for decades."

So Obama supports the development of natural gas. And conservatives think they have figured out the reason why: George Soros.

Lachlan Markay, of the Heritage Foundation, wrote yesterday:

George Soros, a billionaire investor and major backer of President Obama, stands to reap a windfall from legislation promoting natural gas-powered vehicles. The White House unveiled a proposal on Thursday that would do just that.

[...]

One company that stands to benefit handsomely from the president's proposal is Westport Innovations. The company converts diesel engines to be fueled by natural gas. Wall Street analysts predicted a boom for the company if the NAT GAS Act were passed.

[...]

If Westport reaps the predicted windfall, one of the chief beneficiaries will be George Soros, a major Obama donor and supporter. Soros's hedge fund holds 3,160,063 company shares (as of its last SEC filing).

Hot Air's Tina Korbe credited Markay for uncovering "a potentially key motivation for the president's recent proposal to offer incentives to companies to buy and use trucks powered by natural gas." Korbe added with an air of wildly unsupported certainty that this is an example of "the president's perpetual crony capitalism."

The Daily Caller also got in on the fun:

President Barack Obama, at a Las Vegas UPS facility Thursday, pitched a plan to boost the American use of natural gas, a plan that would not only benefit long-time natural gas proponent billionaire T. Boone Pickens, but also long-time Obama supporter, billionaire investor and progressive philanthropist George Soros.

So did the president craft a national energy policy based largely on how it would benefit George Soros' investment portfolio? It certainly seems likely, assuming you've been conditioned to believe that Soros is secretly pulling the strings at the White House, in which case the mere fact of Soros' connection to the natural gas industry is evidence enough to convict.

You just have to disregard the fact that the many millions of dollars in political donations made by the oil and gas industry and the natural gas pipeline industry -- which would also stand to benefit handsomely from expanded use of natural gas vehicles -- have overwhelmingly gone to Republicans. There's also the inconvenient presence of billionaire T. Boone Pickens. who cut checks to George W. Bush, funded the Swift Boat Veterans For Truth, and, as noted by the Daily Caller, would make some serious bank with accelerated development of natural gas.

So if Obama's goal was to line the already well-lined pockets of one of his prominent supporters, he's also throwing vast sums at the people and industries who have bitterly opposed him and are likely to continue doing so in the future.

But hey, it's a conspiracy! It doesn't need logic, it just needs selectively reported facts and the thinnest patina of plausibility.

(Full disclosure: Soros has donated to Media Matters)

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    • Author by nerzog (January 27, 2012 2:59 pm ET)
      9  
      Of course, the Troglodytes see no problem with rich Republicans pushing hard for tax policies that will only benefit themselves. That's just the American Way.
      Report Abuse
    • Author by Liberal in the South (January 27, 2012 3:04 pm ET)
      7 2
      FOXPAC doesnt want anyone taking money away from the oil companies that line their pockets.
      Report Abuse
    • Author by shaggles (January 27, 2012 3:04 pm ET)
      6  
      OMG! George Soros! Run for your lives!!!!
      Report Abuse
      • Author by Bongo Fury (January 27, 2012 3:06 pm ET)
        6 1
        { hic.. }
        Report Abuse
      • Author by katanakumori (January 28, 2012 10:04 pm ET)
          7
        Don't overreact! Soros doesn't work for the Nazis anymore! He's a harmless businessman who makes money off the collapse of currencies.

        Don't forget he pays for this website to enlighten others to the glorious perfection and accomplishments of Barry Barack Hussein Soetoro Obama.
        Report Abuse
        • Author by eweston8542983 (January 29, 2012 12:53 am ET)
          1  
          Hello again sparky.

          Still spinning furiously I see.
          Report Abuse
          • Author by danielsangeo (January 29, 2012 2:37 am ET)
            5  
            Spinning implies that there's some truth involved; katana only has lies.

            Soros never worked for the Nazis. Nor does he pay for this website, nor does this website push Obama.
            Report Abuse
            • Author by eweston8542983 (January 29, 2012 12:18 pm ET)
              1  
              What passes for truth in KK's world is what ever is bright and sparkly, at any distracted moment.

              So often bright and sparkly is pain and ruin to the hated "others."
              Report Abuse
        • Author by kabniel (January 29, 2012 7:52 am ET)
          3  
          KatanaMORON

          You are a LIAR. You are a punk. You are far too stupid and childish to be bothering adult humans. STFU. We already know what Rush told you to think
          Report Abuse
        • Author by Johaely (January 29, 2012 9:01 am ET)
          3 1
          Barry Barack Hussein Soetoro Obama


          But you are positively not racist at all.
          Report Abuse
    • Author by m.welker (January 27, 2012 3:28 pm ET)
      7  
      Soros! Drink!
      Report Abuse
    • Author by chazmanr (January 27, 2012 3:30 pm ET)
      5  
      Lachlan, do you know who would benefit even more? T Boone Pickens. Last time I checked, he wasn't exactly a liberal or a big fan of the President.
      Report Abuse
    • Author by MiG (January 27, 2012 3:33 pm ET)
      6  
      Be fair here, MMfA. Without conspiracy theories, how is a professional Right Winger Obama basher supposed to make a living?
      Report Abuse
    • Author by Jimijams (January 27, 2012 3:49 pm ET)
      6  
      Republican talking points Fox News edition.

      Grumble grumble George Soros, grumble grumble, Warren Buffet, grumble grumble, Bill Gates, grumble grumble.
      Report Abuse
    • Author by altsoba (January 28, 2012 5:46 am ET)
        8
      It's funny how MMFA usually claims that the Daily Caller isn't a credible source for information but claim they are in regards to Pickens in this article since it benefits their argument.

      MMFA acts like the oil and natural gas companies along with billionaires like Soros and Pickens have no influence on our government when in reality these are the ones truly pulling the strings in Washington and it doesn't matter what party is in charge because they are all bought and paid for corporate puppets including Obama.

      Does Soros stand to make a lot of money if we move more towards natural gas? I am sure he does. Is that a factor in Obama's decision on signing any bills? Absolutely and don't think for one minute that because Soros is already filthy rich that he doesn't want more money, because with the very rich it is still never enough.

      Bush had his supporters that he made sure were repaided when he was president and Obama has his supporters the he will make sure get repaid as well. This is the unfortunate result of the corruption in our government and goes back alot farther than Bush and Obama.

      So much for Hope and Change. Obama's slogan should have been More of the Same.
      Report Abuse
      • Author by thaneb (January 28, 2012 7:55 am ET)
        6  
        With your "Absolutely" you slip into the mind reading game. Do you really want to go there?
        MMfA's point is, with legislation covering a sector (as opposed to,say, government contracts for specific entities)the conspiracy (get money to Soros) does not make sense.
        Explicitly, if Soros gets money which would, in turn benefit Obama (per your formulation), what good does that do Obama if many others who would oppose Obama also benefit by the legislation? Makes no sense.
        If the notion it is only to "repay", it seems pretty cooky to me to think that Obama is throwing billionaire Soros a bone and at the same time throwing so many "enemies" bones.
        Or is it one huge conspiracy, with all the billionaires being part of the same cabal with their underling being Obama? Crazy.
        Report Abuse
        • Author by Andy Kreiss (January 28, 2012 12:17 pm ET)
          5  
          He had me at "repaided".

          This is one of the saddest pitfalls the dumbest trolls fall into, the "How can MMFA call out a source for misinformation one day, then cite them for factual info the next?".

          The "absolutely" wasn't just 'mind-reading', it was a straight-up lie, stating factfromassing as a fact. Fail on so many levels, altsoba may be making mmfvl jealous.
          Report Abuse
          • Author by altsoba (January 28, 2012 4:38 pm ET)
              6
            Do you really think think that Obama is so pure that he would never use his position as president to benefit someone that helped him get elected or could help him get reelected? If you do than you are dumber than the dumbest trolls.

            Obama would pass a bill to move towards natural gas to benefit Soros even if it also helped some in the Republican party.

            Just look at how Obama ranted about the bailouts under Bush and how he never put restrictions in place to stop the huge bonuses that wall stree paid out. Then Obama turns around and does the same thing after he is elected. He condemns wall street with one hand while cashing their checks with the other. Wall street was the largest donors for Obama's campaign. He ranted about how when he was president he would make sure those responsible for the financial collapse were brought to justice, we're still waiting. He was also going to pass regulations to make sure this never happened again but what he passed had much more bark from Obama that legal bite and did nothing to stop what happened.

            So you see Obama is nothing more than a bought and paid for corporate puppet. The last president we had that wasn't a bought and paid for puppet was JFK and you see what they did to him.
            Report Abuse
            • Author by thaneb (January 28, 2012 6:33 pm ET)
              6  
              One more time: If by benefiting a supporter, many more detractors are also benefited, what is the sense in that? If the benefit to the supporter is de minimus by comparison to the supporter's wealth what is the sense in that? I will not call you a "troll", merely not clear-thinking.
              Report Abuse
            • Author by Andy Kreiss (January 28, 2012 8:21 pm ET)
              4  
              Take a breath and try to think, altsoba. It has nothing to do with Obama being "pure" or free of the same connections and obligations as most other politicians.

              What other people are talking about are your loopy theories, the ones that you're stating as fact with absolutely nothing to back them up, and the ones that defy logic.

              You're letting your emotions get in the way of your thinking.
              Report Abuse
            • Author by kabniel (January 29, 2012 8:03 am ET)
              2  
              alt

              It is hilarious seeing YOU tell someone else they are dumb. You are one of the stupidest human beings that ever remembered to breathe. What we think Obama MIGHT do is irrelevant to the fact that this claim is garbage. It shows nothing. That you are SO stupid you think what we think he MIGHT do is evidence of anything is a perfect example of your mind boggling stupidity.

              Your second paragraph is a rational and reasonable criticism. If you did more of that and less LYING and regurgitating ignorant talking points, less showcasing of how incredibly stupid you are then you MIGHT be a decent poster.

              That this is a business run society is pretty obvious to anyone paying attention. Did you really think you were telling us something we didnt know? That doesnt mean the same thing as bought and paid for but it is a credible criticism
              Report Abuse
      • Author by steeve (January 28, 2012 10:49 am ET)
        7  
        MMFA isn't saying that Pickens is tied to natural gas because the Daily Caller is super awesome. MMFA is saying that Pickens is tied to natural gas because Pickens is tied to natural gas.

        "it doesn't matter what party is in charge" -- the only time it looks like it doesn't matter is when they're ferociously blocking each other. When the ruling party gets its way:

        --one party will end social security and one party will not
        --one party will end medicare and one party will not
        --one party will raise taxes on the rich a tiny bit and one party will drop them to zero
        --one party will cover people with pre-existing conditions and one party will not
        --one party will kill green energy and one party will throw it a few nickels
        Report Abuse
      • Author by kabniel (January 29, 2012 7:57 am ET)
        2  
        alt

        You are a LIAR. They said the Daily Howler also got in on the fun. They are skewring them not considering them a reliable source. Why do you lie so much?

        Soros is a venture capitalist. No matter WHAT policies are pushed involving a huge industry like gas Soros likely has a few fingers in the pie. My GOD but you are stupid and brainwashed.

        Certainly political favors are very old but the way you spew the ignorance you were brainwashed with is already old

        YOUR slogan should be that you tell lies for the fun of it
        Report Abuse
        • Author by altsoba (January 29, 2012 12:06 pm ET)
            4
          kab

          I lie about nothing so STFU.
          Report Abuse
          • Author by Andy Kreiss (January 29, 2012 2:32 pm ET)
            1  
            Then may we see you evidence for this?

            Does Soros stand to make a lot of money if we move more towards natural gas? I am sure he does. Is that a factor in Obama's decision on signing any bills? Absolutely...


            Because, outside of Planet Wingnut, we regular folks call making sh*t up and stating it as fact... "lying".
            Report Abuse
          • Author by kabniel (January 29, 2012 4:45 pm ET)
               
            alt

            Yes you do. You lie constantly and you LIED in that post. I know you are stupid but that was a LIE. My GOD but you are stupid.

            You said MMFA is claiming Daily Howler is a credible source when THIS is what they said about them


            The Daily Caller also got in on the fun:


            They are not citing them as a credible source they are ridiculing them ALSO getting into the conspiricy theory. You are a LIAR

            I am sorry that you are so STUPID you dont know what a lie is.

            Bite my bag PUNK
            Report Abuse

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  • County Fair is a media blog featuring links to progressive media criticism from around the Web as well as original commentary, breaking news and rapid response updates to major media events from Media Matters senior fellows and other staff.