Thursday, March 01, 2007

Word of the Day

E-pocrisy, from Steven Hayward of Planet Gore. Not surprisingly, the Rev. Gore of the Church of Our Lady of Perpetual Goreification is the current title holder and reigning e-pocrit.

The text for today’s message comes from James Taranto’s Best of the Web, a link to a Bill Hobbs piece neatly tying up how Rev. Gore’s buying carbon indulgences… from himself.

“But how Gore buys his ‘carbon offsets,’ as revealed by The Tennessean raises serious questions. According to the newspaper's report, Gore buys his carbon offsets through Generation Investment Management:

Gore helped found Generation Investment Management, through which he and others pay for offsets. The firm invests the money in solar, wind and other projects that reduce energy consumption around the globe...

Gore is chairman of the firm and, presumably, draws an income or will make money as its investments prosper. In other words, he ‘buys’ his ‘carbon offsets’ from himself, through a transaction designed to boost his own investments and return a profit to himself. To be blunt, Gore doesn't buy ‘carbon offsets’ through Generation Investment Management - he buys stocks."

As Taranto summarizes:

“So, let's sum this up: Here we have a major American politician who is calling for policies that would impose huge costs on society but appears to be profiting handsomely himself; who is leading an extravagant lifestyle while demanding sacrifices from ordinary people; and who is calling on the media to suppress the views of those with whom he disagrees, while at the same time urging more government regulation in the name of "fairness" to his partisan and ideological allies.”

Essentially, Mr. Gore has perfected a potentially very profitable niche. He goes around beating the doomsday drum, and using the resulting hysteria and government mandates to funnel business to his portfolio.

Nice work if you can get it.