Saturday, November 19, 2011

The Petroleum Industry Darling, Issa, is worth nearly One-Half Billion $US.

Talk about the 1 percent. (click title to entry - thank you)

A new study shows about half the lawmakers in Congress are millionaires, and that their net worth has risen steadily since 2008 despite the financial crash....

...As several previous tallies have shown, Rep. Darrell Issa, R-Calif., came out as the wealthiest member in Congress -- with an average net worth of $448 million....

I remember vividly how a possible First Lady by the name of Teresa Heinz Kerry was attacked viciously for her wealth.  So, ah, what gives?

...Back in December, Darrell Issa (click here) sent his now-infamous letter to corporate lobbyists and industry groups asking them to recommend hearings for the Oversight Committee. Among the recipients were Big Oil groups with benign names representing a wide range of notorious organizations. For example, the Independent Petroleum Association of America. In its response, the IPAA focused on rolling back EPA regulations and streamlining the permitting process for both offshore and onshore drilling. Who is the IPAA?...

A Liar Besides? 

...On Tuesday, Rep. Darrell Issa's (R-CA) (click here) Oversight Committee will hold a hearing attempting to make the case that "policies that suppress domestic production of oil and gas" are causing "pain at the pump." In fact, a wide range of experts, including the former chief economist of the American Petroleum Institute, have concluded that blaming the Obama administration for high gas prices is a fallacy....