An awesome article that explains the problem with Pickens.

[Mass]

Sure, the financing of the Swift Boat is a problem, but it is amazing that people on a progressive board like DU do not seem at all bothered by the fact that Pickens is no more than a modern day robber baron. Sigh.

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x3851592

Texas oil billionaire T. Boone Pickens is about to make a killing by selling water he doesn’t own. As he does it, it will be praised as a planet-friendly wind project. After he pulls it off, the media will deride it as craven capitalism. In truth, it is one the most audacious examples of politics for profit, showing how big government helps the biggest business steal from the rest of us. The plotline behind Pickens’ water-and-wind scheme is almost too rich to believe. If it were a movie script, reviewers would dismiss it as over-the-top.

The basic story amounts to this: Pickens, thanks to favors from state lawmakers whose campaigns he funded, has created a new government whose only voters are two of his employers; this has empowered Pickens to more cheaply pump water from an aquifer and, by use of eminent domain, seize land across 11 counties in order to pipe the water to Dallas. To win environmentalist approval of this hardly “sustainable” practice, he has piggybacked this water project onto a windmill project pitched as an alternative to oil.

Pickens’ scheme is a perfect demonstration of why it’s worth asking cui bono — who benefits — from regulatory and environmental initiatives. Last week, this column pointed out that Pickens, before his current lobbying blitz for increased federal support of wind power, built the largest wind farm in the world.

I received dozens of responses from environmentalists and Pickens fans objecting to my implication that Pickens’ profit from expanding wind subsidies ought to cast suspicion on his call for more wind subsidies. “Why should I care if someone’s getting rich?” was the general gist, “windmills are good, and we need more of them.”

[MBS]

1. thanks for calling this to our attention

I've already forwarded it to a bunch of friends in the West. If anyone on this list lives in CA, or has friends in CA, tell them NOT to vote for the Pickens proposition on the November ballot!!