Nancy Pelosi at the DNC - strike 2

Recently I mentioned how I felt that having Speaker Nancy Pelosi speak on the first night of the Democratic National Convention was a mistake. I felt it was a massive strike against Senator Obama.

“Speaker Nancy Pelosi may look good to the women that only care about having a woman’s face in a leadership position; but anyone that has followed what the Democrats said in the 2006 mid-term elections may have a different opinion. The 110th Congress is a complete failure. The Democrats have failed to do any of the things they promised in their 2006 campaigns. And Speaker Nancy Pelosi led the charge to stalemate.”

I continue to feel that way, and I believe that strike 2 has just been dealt.

“Which brings us to Madame Speaker’s 2007 financial disclosure form. Schedule III lists “assets and ‘unearned income’” of between $100,001-$250,000 from Clean Energy Fuels Corp. - Public Common Stock.” Clean Energy Fuels Corp. is a natural gas provider founded by T. Boone Pickens.

“She, and other investors, stand to gain a substantial return on their investment if gasoline prices stay high and municipal, state and even the Federal governments start using natural gas as their primary fuel source. If gasoline prices fall? Alternative fuels and the cost to convert fleets over to them becomes less and less attractive.”

CLNE also happens to be the sponsor of Proposition 10, a ballot initiative in Pelosi’s home state of California to dole out a combined $10 billion in state and federal funds for renewable energy incentives. Namely: Natural gas and wind.”

So effectively we see that Nancy Pelosi is in the pocket of alternative energy companies. It’s basically the same claim being made by Pelosi and other Democrats against Republicans. And it’s just as bad as what they say the result is with Republicans.

Speaker Pelosi has walled-off any discussion of domestic drilling for oil. She has refused to allow any votes on the subject. And according to her most recent comments on Larry King she will only consider possibly allowing a vote on domestic drilling IF it also includes alternative energy incentives.

Effectively that means that Speaker Pelosi wants alternative energy to get more money to earn more money for herself. The higher the cost for oil, the better her alternative energy stocks will do. And the American public be damned.

Of course many other Democrats believe in this same style of system as well. Senator Obama wants to increase electricity costs, is against domestic drilling (though he has suggested he might be open to drilling in recent speeches – campaign speeches designed to get him elected), and has stated that higher oil costs is good because it will force people to use less oil. Don’t mind the fact that higher energy costs mean more Americans will lose their homes and businesses, and will force a slow down in the economy that makes unemployment higher.

But look at it from a different point of view. Senator McCain stated at 4:33pm on Aug 13, 2008 in a news conference that creating nuclear energy plants would create 700,000 jobs. McCain is also more in favor of domestic drilling.

If there was a move in the nation to do domestic drilling, building nuclear plants, and alternative energy – and each of these ideas would employ 500,000 Americans – there would be a boost to the economy and a reduction in the cost of oil and energy. Speaker Pelosi would make money on her stocks (though not as much) and so would oil companies, utilities, 401K’s, and the average American (via energy cost savings).

But according to Nancy Pelosi and other Democrats, domestic oil is a bad thing since it means oil prices would drop. Also nuclear energy is opposed as well. That’s 1,000,000 American jobs they don’t want to create, at least. That means that unemployment will go higher since businesses of all sizes will not be able to afford the higher cost.

Of course Nancy Pelosi will make more money though.

So I will return to my original thought. Is having Speaker Pelosi speak at the DNC a positive? Especially since she represents a Democrat-led Congress that not only has done nothing they promised in 2006, but is also actively looking to hurt American families. While lining her own pockets with more money.

Strike 2.