The Democrats in congress are mostly against the Keystone Pipeline, which will transport crude oil from Canada to the Gulf of Mexico, if approved by congress and not vetoed by President Obama. The Republican senators and representatives are, by and large, for this potential environmental disaster.
If the pipeline doesn’t make it past a veto the Republicans will blame environmentalists that supposedly influence the Democratic members of congress and President Obama. However, one can rightly suspect that there is something more to this than meets the eye.
Perhaps the Democratic position has something to do with billionaire investor Warren Buffett doling out $15 billion to purchase the Burlington Northern Santa Fe railroad earlier this year, the largest railroad shipper of crude oil in the nation, according to its website. Buffett is a big financial supporter of the Democrats, but he financially dabbles a little bit with some Republicans.
Buffett heads Berkshire Hathaway, one the largest hedge funds in the world. Its stock price is currently over $200,000 per share. A hedge fund is nothing more than an unregulated investment firm that buys and sells stocks and bonds, sort of like a Goldman Sachs without any rules.
The Keystone Pipeline will transport oil from Canada and the United States to the Gulf of Mexico for export elsewhere. If completed, the pipeline may take a lot of business from Burlington Northern Santa Fe. In which case, the share price of Burlington Northern Santa Fe will likely drop as its profits decline. The profits from Burlington that Berkshire Hathaway receives will also fall, which could put downward pressure on its stock price. The result would be less money for all of those Democratic politicians who count on that money.
The billionaire Koch Brothers are a major financial player behind the building of the Keystone Pipeline. They invest billions in the Republican party and its candidates. They stand to make billions from building the pipeline, and the pipeline will service one of their Texas oil refineries.
Quite naturally, the pipeline represents a conduit of future cash for Republican Party candidates, whereas Burlington and Berkshire Hathaway represent a stream of cash for Democratic Party candidates.
There are other perks candidates of both parties receive from big contributors, such as vacations in Scotland and cushy jobs that make them rich after they leave office.
Notice none of the major corporate news media is mentioning issues such as these. That’s because the job of reporters and editors of the corporate news media is to keep you ignorant, and biased against the political party you don’t like.
In government, in legislation, in negotiating trade treaties, the Democrats represent a fraction of the 0.01 percent richest Americans, the Republicans represent another fraction of the 0.01 percent wealthiest Americans, and a third fraction of the richest Americans play both sides, such as Goldman Sachs and JP Morgan, both of which are corporations whose primary interests are to increase the amount of income and wealth of the 1 percent at the expense of the 99 percent.
When the president vetoes the legislation approving the Keystone Pipeline, and the Republicans won’t have sufficient votes to override that veto, the press will dutifully quote Republican Party leaders about the alleged jobs lost due to not building the pipeline. They will, conveniently, not mention the jobs that might have been lost because of a decline in Burlington Northern Santa Fe profits had the pipeline been approved.
They will blame the environmentalists, and turn that word into an epithet. Naturally, the environmentalists will have played no role in the failure of government to approve of the pipeline because it’s all about who gets the money. Follow the money folks!
Republican and Democratic Party leaders don’t want the 99 percent to know that the real political battles in Washington D.C., and in state capitals across the nation, are being fought between a small group of billionaires at the expense of everyone else. And the corporate news media will continue to ensure that the debate over this issue is vigorous, but limited enough to deceive the American public. In other words, the corporate media intends to keep us in the dark over this issue, and then lie to us and point their fingers at the environmentalists for the failure of government to approve the Keystone Pipeline.
The battle over the Keystone Pipeline is all about money, and keeping us ignorant of this fact. Because once you know this fact, then you’ll begin to understand how the political and economic games, and the games the corporate media plays with information, are all rigged against the 99 percent.
One last note, the second job of the corporate news media is to keep the 99 percent divided over social issues, such as abortion, gun rights, the war against Christmas, red vs. blue state, gay marriage, and immigration, among many others, while keeping our eyes off the things that really matter, and that is what’s in your wallet. The corporate news media has done a marvelous in this respect.