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GOP ‘Rural American Solutions Group’ Peddles Coal Company Document As Its Own

Peabody CoalLeaders of a new GOP group, the “Rural American Solutions Group,” are distributing a document attacking climate change legislation as an economic burden to most of the country. As it turns out, the information in the press release was provided to the Republican congressmen by Peabody Energy, a juggernaut of the coal industry. Staffers for GOP Reps. Frank Lucas (R-OK), Sam Graves (R-MO), and Doc Hastings (R-WA) are emailing around a map that purports to detail “how the Democrats’ National Energy Tax unfairly targets rural Americans.”

A closer look at the source of the image reveals the document’s origins:

Peabody Document Properties

Two employees of Peabody Energy are listed in the metadata of the map document: Chairman and CEO Greg Boyce and Communications Manager Chris Taylor. The congressmen opposing climate change legislation — Reps. Lucas, Graves, and Hastings — are simply copying-and-pasting information that has been directly fed to them by Peabody Energy.

Peabody Energy’s outsized political influence is well-documented:

From 2004 to 2008, the Peabody Energy PAC contributed $579,538 to federal candidates including Rep. Sam Graves and Rep. Frank Lucas. In 2008, Peabody contributed $150,290; $180,500 in 2006; $130,250 in 2004; $118,498 in 2002. [Opensecrets]

Peabody Is An $8.4 Million Lobbying Juggernaut. Peabody Energy directly spent over $8.4 million lobbying Congress in 2008, up 3,200 percent from 2004, as legislation to limit coal pollution became an election-year issue. In addition, the Peabody-supported front groups ACCCE and the National Mining Association spent a further $9.95 million and $4.56 million respectively on lobbying efforts. [OpenSecrets]

Update

Democrat Marcy Kaptur (OH) may be joining the Republicans’ efforts. According to Roll Call, Kaptur “has been passing out maps contending that most states would lose out under the cap-and-trade bill crafted by Energy and Commerce Chairman Henry Waxman (D-Calif.) and Energy and Environment Subcommittee Chairman Ed Markey (D-Mass.).” It is unclear whether the maps Kaptur is handing out are Peabody’s maps.

New Ranking Member On Ed And Labor Committee Continually Acts Against Workers And Students

Rep. John Kline (R-MN)

Rep. John Kline (R-MN)

Yesterday, the Republican Steering Committee designated Rep. John Kline (R-MN) as the new ranking member of the House Education and Labor Committee. Kline is replacing Rep. Buck McKeon (R-CA), who’s taking up the role of ranking member on the House Armed Services Committee.

According to the Duluth News-Tribune, “issues in front of the [Ed and Labor] committee are not those Kline ran on when he got into politics…But he said that in his four two-year terms he has gained education and labor experience.” Well, here’s some of what that experience had led him to do:

– He voted against a minimum wage increase three different times in 2007.

– He voted against lowering interest rates for student borrowers enrolled in the Federal Family Education Loan and Direct Loan programs.

– He voted against the Ensuring Continued Access to Student Loans Act.

– He introduced the Secret Ballot Protection Act, which would “prohibit a union from being recognized” through a majority sign-up process.

– He supported “some system of personal accounts” as “a central component” of Social Security reform.

The National Education Association actually gave Kline an F grade for both 2007 and 2008.

According to the St. Paul-Minneapolis Star Tribune, “in his new role, Kline will be expected to be a leading GOP combatant” against the Employee Free Choice Act. But with his Secret Ballot Protection Act, Kline revealed that he has no idea how union drives even work. He advocated taking the majority sign-up option away from workers, even though, since 2003, half a million workers have organized in this fashion, including employees at AT&T, UPS and Pacific Gas and Electric.

Kline, as he laid out in this Washington Times op-ed, is very concerned with the “coercion, intimidation and bullying” of union organizers (even though there is no evidence that this occurs in states that allow majority sign-up), but he doesn’t spare a word for the coercive and punitive tactics that employers use to prevent employees from unionizing. Instead of leveling the playing field for workers, Kline would simply prefer preserving the anti-worker status quo.

CNBC Talking Heads: Only ‘Naive,’ ‘Stupid’ ‘Suckers’ And ‘Idiots’ Were Victims Of Predatory Lending

Yesterday, the Obama administration announced that, as part of its regulatory reform package, it wants to create a new consumer protection agency, charged with overseeing financial products on the ground level. The banking lobby and the Chamber of Commerce both made their opposition to the new agency known, and in the last day have found another strong ally in CNBC.

A host of CNBC talking heads — from Dennis Kneale and Joe Watkins to Larry Kudlow — said that the new agency is actually meant to advance an insidious liberal plot to force banks into making loans to poor people that can’t pay them back. And anyway, the very notion of consumer protection is unnecessary because only “stupid,” “naive,” “suckers” and “idiots” wound up with a subprime mortgage or unfair credit card contract. Watch a compilation:

Nevermind that this whole premise of CNBC’s attack is based on the crackpot conservative theory that forced lending to the poor and minorities, mandated by the Community Reinvestment Act (CRA), caused the economic crisis. This response shows, yet again, how out of touch CNBC is with the real world.

Just this month, Wells Fargo was accused of spending a decade “systematically singling out blacks in Baltimore and suburban Maryland for high-interest subprime mortgages.” Loan officers actually pushed customers who would have qualified for a prime loan into a subprime. Employees reportedly referred to blacks as “mud people” and to the loans they were offering as “ghetto loans.” As Professor Elizabeth Warren said, “all these lousy mortgages got sold, one family at a time. These were crummy mortgages, like selling plastic spoons that have carcinogens in them or toys that put out little children’s eyes.”

And it wasn’t just in mortgages that predatory lending occurred. Credit cards, particularly those marketed to young people, had all sorts of hidden fees, with rates that could be raised at any time, for any reason, causing boatloads of debt.

The point of the new agency is to keep an eye on financial products on the ground, which is an area traditional regulators have ignored, with severe implications. And yes, the new agency will be responsible for enforcing fair lending laws and the CRA, which as Federal Reserve Board Governor Randall S. Kroszner said, have “been helpful in alleviating the financial isolation of many areas of concentrated poverty.” CNBC’s wholesale dismissal of all of this is a pretty blatant example of what the network really cares about.

Report: Clean Energy Economy Creates 1.7 Million Jobs

America’s emerging clean energy economy will create 1.7 million jobs and spur $150 billion in clean investments a year if our nation takes strong action, according to a new report from the Center for American Progress. Today, CAP and the Political Economy Research Institute at the University of Massachusetts at Amherst released The Economic Benefits of Investing in Clean Energy, the first study to project the combined effect of the American Recovery and Reinvestment Act (ARRA) and the Waxman-Markey American Clean Energy and Security Act (ACESA) on the US economy. Thoroughly debunking Republicans’ oft-repeated claims that passage of clean energy and climate legislation would be “ruining America’s prosperity,” the report finds the American economy would see a net gain of 1.7 million jobs a year:

Understanding the specific features of ARRA and ACESA and how they will work in combination allows us to estimate the level of public and private-sector investments in clean energy. As we will demonstrate, the two programs together could create $150 billion a year in new investment and 1.7 million net new jobs a year—that is, 1.7 million more jobs each year than would be the case without a $150 billion shift in spending from conventional fossil fuels to clean energy investments.

The American Recovery and Reinvestment Act, passed in February, ensures direct government spending on clean energy. In the stimulus, the federal government committed to $24.4 billion in spending on energy efficiency, $23 billion for transportation investments, and $25.3 billion for renewable energy from 2010 to 2014. The Waxman-Markey clean-energy economy legislation, if passed, will contribute to green job growth by promoting new private-sector investments over the ensuing decades. Waxman-Markey contains regulations to promote clean energy, a market-based cap on carbon emissions, and initiatives to help American businesses and families transition to clean energy.

Investments in renewable energy and energy efficiency create more than three times as many jobs as equivalent spending on fossil fuels. A $1 million investment in clean energy creates 16.7 jobs while the same spending on fossil fuels yields only 5.3 jobs:

Job Creation Comparison

Most of the 1.7 million green jobs created by the $150 billion investment will be generated by retro-fitting buildings for energy efficiency and creating new clean-energy projects, like wind farms. In their words, investing in clean energy means more work for machinists, truck drivers, builders, roofers, insulators, electricians, engineers, and dispatchers. The addition of these 1.7 million jobs to the US economy this year would have meant a full point drop in national unemployment, from 9.4 to 8.4 percent.

In addition to the national projection of job creation that would result from a $150 billion investment in clean energy, the report estimates the net increase in investment revenue and jobs in all fifty states. For example, global warming denier Rep. Mike Pence (R-IN) has claimed Waxman-Markey would “relocate American jobs overseas in pursuit of an unproven environmental agenda.” Today’s report finds that Indianans would see a net increase of $3.1 billion in investment and 38,000 jobs. Had the United States made this clean energy investment in 2008, those 38,000 jobs would have brought Indiana’s level of unemployment down more than a percent, from 5.9 to 4.7 percent.

Republicans have tried everything from calling a cap on global warming pollution a “national energy tax” to name-calling — disparaging green jobs and claiming that the clean energy industry is “as real as the Jolly Green Giant.” Opponents of clean energy reform have now lost yet another avenue of protest with this proof that the green economy legislation currently in Congress will help spur billions in investment and create 1.7 million jobs.

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