Posted by
Rocky Mountain Foundation on Sunday, April 26, 2009 1:18:23 PM
Winston Churchill on appeasers - "An appeaser is one who feeds a crocodile, hoping it will eat him last." Xcel Energy's appeasement in Colorado is legion, some discussed here.
The General Electric Company may be an order of magnitude worse. This once respected company has lost more than two-thirds of its market value in a year, run by what one major business magazine identified as among the country's worst CEOs. It owns NBC and MSNBC, which are right up there with - maybe now ahead of - the disgraced Dan Rather for flagrant misuse of televised "news" and commentary to the advantage of one presidential candidate over another.
To see and hear more on this developing story, see Bill O'Reilly and guests here and here.
Like Excel, GE is oh-so-green. Among its products are the hazardous mercury-containing replacements for incandescent light bulbs Congress has decided to outlaw. One wonders how much of that poorly justified congressional action was a victory for GE's Washington DC lobbying.
GE is now reported to be in the carbon cap-and-trade business, possibly soon to be an international economic disaster.