Politics

Soros, Douglas support Natural Gas Act proponents

Soon after President Barack Obama touted Westport Innovation’s liquefied natural gas-powered engines April 1 at a Maryland UPS facility, the company’s top individual investor made large contributions to Democrats.

Kevin G. Douglas, Westport’s largest individual shareholder, April 8 gave more than $30,000 to Obama and the Democratic National Committee, according to federal campaign filings.

In a lucky confluence of events, a bill, supported by the president, New Alternative Transportation to Give Americans Solutions Act, designed to subsidize the migration of American vehicles from gasoline and diesel to LNG-powered engines was filed April 6 in the House of Representatives. The bill is also known by the shorthand: Natural Gas Act.

The Natural Gas Act will create federal tax credits for natural gas vehicles, storage facilities and fueling stations for a five-year period.

Speaking in front of UPS and other trucks equipped with Westport engines, the president told the large crowd of UPS employees and supporters that the Natural Gas Act was good for the economy and the environment.

“I just had a chance to see some of these fuel efficient cars and trucks that they’re adding to their fleets including hybrids and all electric vehicles manufactured right here in the U.S. by Ford and GM. Right here in the U.S. of A.,” Obama said.

“We’re actually here to announce an exciting new partnership between the federal government and some of America’s leading companies,” the president said.

“My hope is that members of both parties, Republicans and Democrats, will support these kinds of proposals. This shouldn’t be a partisan issue. This is an American issue,” he said.

Westport’s CEO David R. Demers, said in a company press release that his company was ready to take advantage of the Natural Gas Act when it is passed.

“We are thrilled to have President Obama encouraging the use of natural gas,” he said. “Westport is strategically positioned to support the President’s initiatives.”

Westport has three engine manufacturing partnerships in China, according to the company’s federal filings.

Federal filings also show that Soros Fund Management, the investment vehicle controlled by billionaire and longtime Democratic donor George Soros, owns more than three million shares in the Vancouver, British Columbia-based distributor of LNG engines. It is a position worth more than $90 million, as of the Feb. 14 market close.

Soros has already made more than $60 million profits selling shares and he could make another $60 million profit were he to get liquid on his entire remaining block, according to filings with the Securities and Exchange Commission.

Always generous to Democrats, Soros, and individuals associated with him, have supported proponents of the Natural Gas Act.

Soros himself has donated $5,000 to bill co-sponsor Rep. Nita M. Lowey (D-N.Y.) and $75,000 in May to the Democrat’s House Majority PAC, a super political action committee, which was established April 8, according to federal filings.

Interestingly, the House Majority PAC ran ads against Rep. Daniel E. Lungren (R-Calif.), himself a co-sponsor of the Natural Gas Act.

Alexander Cohn, a portfolio manager at Soros Fund Management, March 28 donated $1,000 to Sen. Robert J. Menendez (D-N.J.), the lead sponsor of the Natural Gas Act in the Senate, according to federal filings. During the 2010 election cycle, Soros’ family members gave $121,000 to the Democratic Senatorial Campaign Committee, while Menendez was its chairman.

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  • AgTrotter

    I wonder if the OWS bowel movement would consider this crony capitalism.

  • Dustoff

    NEVER. 

  • Concerned4America

    I am all for LNG and CNG but government partnership with even a good thing is bad. With their track record they will probably kill what could be a good thing.

  • http://pulse.yahoo.com/_4WJQ422MYVXRFB3ZEBUR2CMQRI Mark

    This bunch makes the Nixon White House look like the Waltons.

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    I got a story on Soros and the last election that the media cannot report on linked to in my name. The truth would shock you!

  • Jack_Kennedy

    OBAMA CULTURE OF CORRUPTION

    leading the

    DEMOCRAT CULTURE OF CORRUPTION

  • http://profiles.yahoo.com/u/RI4CJHTGPHV3YNPF5C2ZDJOWSE M

    Obuttwipe and Crew should be IMPEACHED and JAILED!

  • Spanky Spankster

     We don’t want Obama to be impeached. 
    When he loses in November, he’s going to take down with him record numbers of Dems in office at the federal, state, county, and city level.  That’s the big win for America – a purging of communists.

  • Spanky Spankster

     O bama’s
    W affen
    S S

  • DirtyDave

    Given now how many people are on the government dole, it’s all now just becoming business as usual.   Corruption is now just part of doing business with the federal government.

  • jagscl

    The Government should not be in the business of picking winners and losers. It may be that natural gas powered vehicles are the wave of the future.  If so, the market will tell, not Obama.  This is nothing but croney capitalism with Obama paying off large contributors, including the snake Soros.

  • missy janie47

    This White House could be the target of an Eliot Ness sting. Could Obama and crew have their hands out any more than they already do? With a wink and a nod they line their pockets. The money is extorted from the tax payers. The tax payers are not paying attention.

  • http://pulse.yahoo.com/_HFXM4OXYZB3UCAWOGUNQS7L6PA Bold

    So why isn’t ANYONE covering the billions of healthcare grants that were awarded very quickly through Office of the National Coordinator, CMS, and the other parts of HHS to consortiums that likely included all Obama’s buddies and the same people that wrote the ARRA and ACA health reform and Health IT legislation.  Well you know what….all those folks were appointed to positions at those Agencies to oversee implementation and guess what?  They are ALL GONE now and health reform hasn’t even begun yet–and those people have moved back to their old jobs or to even bigger and better paying ones in health IT companies.  Just wait to see how much money flows to Berwick once he goes back to his old foundation.  Shame shame on the media for not covering that story and on Congress for ignoring it. OH and by the WAY– the same Harvard public health mafia that wrote the law on Obamacare LIKELY WROTE ROMNEYCARE–same people, they were just warming up.

  • jebor

    VOTE A B O  2012

  • jebor

    What the H–LL does Sarah Palin have to do with the story here, DIPSTICK

  • http://www.facebook.com/marco.poshar Marco A. Poshar

    All that money is not going to reelect him,
    he is a toast. only crazy people will vote for him,last time i was crazy and voted for him!!!!!

  • http://bellsouthpwp.net/h/t/htos1/blogs.htm Htos1

    I had an lp powered C-30 Chevy van-1984,for real.Also a nice effect of lp/hydrogen fueled vehicles-after you switch to graphite based synthetic oil,you NEVER have to change oil again-for real.

  • http://bellsouthpwp.net/h/t/htos1/blogs.htm Htos1

    Richard C. Hoagland’s wife is a one woman mission on THAT topic.

  • http://bellsouthpwp.net/h/t/htos1/blogs.htm Htos1

    Nope,just useful minions for bolshevists.

  • http://pulse.yahoo.com/_TDIZLEFE6ASELCP3D45GUI7GYU Texasbill

    These people are all crooks. When is America going to wake up and vote these people out of office???

  • jagscl

    You know, come to think of it, I had an uncle who farmed and all of his passenger vehicles were lp. He swore by it. Storage of the lp was s bit difficult. Took up the whole trunk.

  • Daniel Martin Gray

    Only that Ms. Palin successfully fought entrenched corporate and government oil interests on behalf of Alaskan citizens, when the powers that be made the mistake of underestimating her and placed her on an oversight committee for oil royalties. That was her first stab at the heart of the Progs, their corporate cronies and useful idiots who threaten to tear the heart out of America. And as an almost unknown at the time, too!

    The truth behind O’s “transparent” and “clean” adminstration is almost certainly far worse than the shocking tidbits uncovered and ignored by the MSM so far.

    He, and the Prog agenda he promotes, quite frankly stink.

    But take heart and have hope (the real kind, based on facts and faith).

    We WAKE, and they tremble.

    The 100-year plan they seek to seal with such zeal is failing, even while they pretend progress and blame everyone BUT themselves.

    We WILL restore the Constitution to the center of American governance.

    We CAN do it peacefully, and suffer for only a limited time, for a purpose.

    We have NO alternative, other than endless suffering as slaves of the state.

    I would personally prefer to die and old man in a free and prosperous America, but

    I would die on my feet, if need be, for I will NOT live on my knees!

  • http://jrcministries.org/ John Everette Russell

    Sarah Palin is genuine. You are slandering her.

  • William556

    If a Republican were anywhere near as corrupt as Obama, the press would be shrieking about it non-stop, producing hour-long reports, specials on the cable networks, everything. But Obama, they bury it as deeply as they can. Pity they can hide behind the First Amendment and can’t be charged for their part in this grand fraud. 

  • http://www.facebook.com/marco.poshar Marco A. Poshar

    press is a shameless parasite,,,,,,,,,,,,

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

     She should sue me. I’ve only told 1 million people THE TRUTH

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    Everything nobjob

  • comprof

    They should be arrested and prosecuted.

  • http://pulse.yahoo.com/_SZLSJO24TOMFVQCMCQAOMSP24U J.D.H.

    “THE CHICAGO WAY”!!!

  • http://pulse.yahoo.com/_SZLSJO24TOMFVQCMCQAOMSP24U J.D.H.

    Imagine the possibilities if…..one more term,knowing it is his last!!!(IF THAT DOESN’T SCARE YOU,NOTHING SHOULD) 

  • http://jrcministries.org/ John Everette Russell

    You are delusional. Get some help. (This is not a put-down and I am not mad at you.)

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

     Osama Obama Biden (Bi)n La(den)
    One coincidence? Two coincidences?
    The odds of the president’s and vice president’s last names combined having the same 9 consecutive letters as the name of the most wanted terrorist is over 5 trillion to 1.

    Government trolls are running rampant here. Big brother has taken over the media and has 90% or more of the comments on all media sites creating the perception of public opinion.
     
    Learn what Obama, Osama, Biden, Bin Laden, the FBI’s Most Wanted Terrorists, and Sarah Palin had to do with the last election and the Pentagon’s take over of our government. The link in my name exposes the cover up.

  • BigBoa

    Apparently you believe a sham election will be the solution.

  • BigBoa

    The mighty Boa has said it again, and again and again. O’Bozo needs to go before November. Only God knows what else he will do between now and then. The mighty Boa has told you that over and over as well. And in that time? He has helped overthrow moderate Arab governments and replaced them with radical muslims. He is trying to send almost NINE BILLION dollars to them. All while they are holding NINETEEN Americans hostage. He has trashed the Constitution, including his latest 1st ammendment attack against the Catholic church. He has forced the addition of US citizens to the NDAA legislation. The list goes on and on.

    Speaking of which, still waiting to hear from the muslims regarding the “women’s health care” mandate. No word from the muslims. For it? Against it? Totally indifferent? Anything?

    Anyone care to venture a guess as to why?

  • FRS22

    So why is it that Jack Abramoff spent 3 1/2 years in jail?

  • Tom Guenther

    I have a pharmaceutical grade motor oil that will increase fuel economy and reduce engine wear dramatically.  Its from the US and can be easily recycled for other consumer uses due to purity.  My product is American and green no $$$ from government and companies growing daily.

  • So

    Is that Rome burning I smell?

  • http://www.facebook.com/profile.php?id=100003157267043 Denny Rice

    So much CORRUPTION with the Obama Administration and the Democrats, its very hard to keep up with all of it.

  • http://www.facebook.com/profile.php?id=100003157267043 Denny Rice

     BigBoa tells the truth again.

  • BigBoa

    Thank you,,,,

    And STILL waiting…….

    AH HAHAHA!!! Muslims? Anyone? Why are we not hearing any complaints from them? Or support? Or,,,,,ANYTHING!!

    WHO wants to take a guess?

  • Dons621

    William you are not looking at the FULL picture. The Rino’s are just as corrupt ass O is .To make a dirty deal the two party’s have to pass it. that means the Dem’s worked with the Rino’s. So if a whistle blower dropped a dime the Rino’s would get the BUTT end and O would pardon the Dem’s.The Senate has been raping the taxpayer for 50-60 years. The only way to fix it is to VOTE Anti-Incumbent across the board. If the Republicains are not corupt then why are we in this mess?

  • Dons621

    Does Methane ring a bell?

  • Dons621

    People that make up songs about pissing in their tents are voters too. Lets just hope he passes out enough coke on election day that they will not know what buttons to push.

  • Dons621

    The total disdain of women in the Arab world smacks at the Muslim Brother-hood A$$Hole buddies. 

  • http://www.facebook.com/profile.php?id=1233075282 Thomas Kuhn

    Dude you are certifiable 

  • eaglestalon

     Simple, he was a Republican.

  • http://www.facebook.com/people/Old-Ccr/100000026971514 Old Ccr

     Abramoff was a Republican. 

    Is the Liberal News Media the propaganda wing of the Democratic Party or the Democratic Party the political wing of the Liberal News Media

  • http://profile.yahoo.com/5FIQGPV3535VTHFT26DO6VBNH4 John

    It’s called crony capitalism and the Demorats excel at it.

  • http://profile.yahoo.com/5FIQGPV3535VTHFT26DO6VBNH4 John

    No they are not, stop watching the Communist News Network, CNN/MSNBC

  • VetMike

    Cronyism at its best. I seriously doubt we will see anything about this on CBS, NBC or another liberal channel.

  • Joseph Lessard

    They are one and the same. Don’t forget the academiacs at universities pumping leftists propaganda into our gullible youth. I don’t know why democratic candidates spend any money on advertising their views. The left wing media does it for them for free.

  • RightStuff

    And there is a possibility that the American people will re-elect this president.  Can you imagine?

  • RightStuff

    Remember the three D’s.  Deflection, Deception, and Disinformation.  These are the operating requirements of socialist/communist philosopies.  They don’t want you to know who they are, at least until you are helpless to do anything about it.

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    (who cares what you say) (stop lying) (and covering up the truth)

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    Great post. Also know this; we have no democracy. Our next election is shaping up to be as big of a sham as the last. Do you know why Sarah Palin’s bus tour was really canceled? Do you know why she stayed 30 miles away from the second debate and chose the death of Steve Jobs to announce that she’s not running? Know what leaked out? Sarah Palin and Cain aren’t in the race for the same reason, the truth leaked out. The link in my name exposes the biggest cover up in history

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    When do I receive the diploma to hang on the wall?

  • rank

    You know so much that I thought I might offer a bit of trivia.  We are a Republic, not a Democracy.  

  • rhetorical1

    John, the republicans are no better. That is what is so scary

  • rhetorical1

    Once again I SCREAM IMPEACH!!!!!!

  • rhetorical1

    Read THROW THEM ALL OUT by Peter Schweitzer. You will really be p**** off

  • re_dave

    I am a conservative. This bill is being used to encourage the consumption of Natural Gas instead of gasoline in vehicles. Since there is no infrastructure to support CNG for transportation the next best thing is to encourage fleets to use CNG. This bill is the first step to converting commercial vehicles to CNG (Which we have a lot of , and is CHEAP.

    Here in DC Public Transportation busses, both metro and local are converting to CNG, Why,because it is cheaper, and engines last longer. However the infrastructure is expensive. I would like to see a second bill, giving interest free loans to to Public transportation and to Local School Districts to enable them to convert to CNG. This bill benefits everyone.

    I will mention. the author of this article is not a reporter, because he let his personal bias show in the article By using phrases such as “In a lucky confluence of events” in his article. I believe he is not familiar with the enough constitution to realize that the government was to encourage the USA to go in directions that were good for it. For example interstate highways. Also pork was encouraged to enable states that didn’t have a lot of money to get projects they needed, they otherwise would not get. Just because the system is abused, doesn’t mean that it is bad.

    Also GM is probably one of the larger manufacturer of CNG vehicles with 16,000 sold.

  • kiddoc99

    Oh gimme a self-righteous break!  Does it bother you that the only reason the two most conservative people left in the Republican primaries are probably only alive because of individual support of a couple of uber-rich Super-Pac donors?  If they win the election do you think if you called up the White House and asked to meet personally with President Santorum you would be let in?  Now what if Foster Friess made the same request?  Pul-lease!

  • http://PalinsDirtyLittleSecret.blogspot.com/ CIAtookovermediaClick4Proof

    Everything bozo scum.

  • cylde

     The story with obama supporters always involves money laundering back to campaign coffers. Douglas writes a big check and some govt. agency gives them a multimillion dollar contract followed by a completion payment or bankruptcy.

  • http://profiles.yahoo.com/u/QIIZWFOKTVHL67PQR34LADDOAQ craigs

    At what point does the american public wake-up and realize that this government knows nothing about business and everything they are involved in ends up smoldering?

    Social security, postal service, amtrak, gm…..

    They can blame whatever they want on their failures while others in the private sector continue to chug along trying to compete with their own tax dollars being used against them.

  • Bill Sebub

    @ re_dave, retard, Why don’t you capitalize the ‘C’ in Constitution to demonstrate your own familiarity with journalistic endeavors and America’s founding documents before you engage in slanderous misinformation astro-turf campaigns for General Motors, a subsidiary of the U.S government?