But you ain't seen nothin' yet. Just wait for Climate Legislation...
By Brad Friedman on 12/9/2009, 1:47pm PT  

David Kurtz at TPM avers "It never stops":

A whopping $1 billion was spent this year --- a non-election year --- on political ads, according to a leading political advertising expert. Most of the money was spent on issue ads, the biggest chunk of that going to health care reform ads, pro and con.

And, guess what? If you think that's bad, just wait until we get to Climate Legislation proper, where the Petroleum Industry, some of the largest and most profitable corporations in the history of civilization --- in no small part, thanks to enormous federal subsidies --- have a direct financial stake in the outcome.

(Yes, the world's most profitable corporations benefit mightily from U.S. government welfare, your tax-payer dollars, to the tune of some $72 billion over the last seven years in permanent subsidies. See the handy chart below the fold to see how those subsidies stack up against other energy industries, such as renewables. Never mind the worldwide recession. Exxon Mobil profited more than $45 billion last year, Chevron $23 billion, and the federal subsidies keep coming nonetheless, even as their stooges in the Tea Party denialist "ClimateGater" crowds have been duped into mindlessly continuing their dirty work for them.)

The Oil and Coal (Fossil Fuel) Industries have played no small part in ginning up the tea bagging fight against health care reform if only because it further serves to stall Climate Legislation.

It's horrible, an abrogation of what the Founding Fathers likely had in mind (nowhere, to my knowledge, does the support for unbridled corporate spending as "free speech" come into play in the Constitution at last read) and yet all signs suggest it's only going to get far worse before it gets any better --- if it ever does.

See the chart below to understand how the federal welfare queens from Exxon Mobil and Chevron et al. make out, thanks to your hard-earned tax dollars, and keep it in mind every time you hear yet another global warming denialist out there --- and even here in comments at The BRAD BLOG --- hoping to punk the world for more such free money and endless, record corporate profits...


Source: Environmental Law Institute [PDF]