Billionaire David Koch Bad, Tom Steyer Good

Democrats don’t like millionaires, billionaires, hedge fund managers or corporate jet owners… well unless you are a Democrat or give millions of dollars to Democrat candidates who are against the Keystone XL Pipeline.  Then they love you!

But then there is George Soros, who is loved for funding organizations who spend all of their time attacking Republicans.  Soros gets a pass for being heavily invested in off shore drilling.

But for Democrats, Tom Steyer is a hero for donating millions to anti-Keystone candidates.

On Friday, the day to bury unpopular news, the Obama administration announced the extension of its Keystone XL review. A final decision is unlikely before the November midterms. The administration claims it needs this delay to resolve legal complexities. But let’s be clear: This is the submission of governance to partisanship. And it comes from the president who proclaims himself the maestro of infrastructure investment.

It’s impossible to overstate the absurdity of this situation. After all, the State Department recently found that Keystone XL would have no significant impact on the environment — a conclusion upheld by the department’s inspector general. And these reports are only the tip of a bureaucratic iceberg: The White House has spent years sending Keystone XL through the paperwork wringer.

Still, the motivation for this latest deferral is obvious. It’s a midterm-election payoff, intended specifically for Tom Steyer, a retired hedge-fund manager who has pledged to raise $100 million for anti-Keystone candidates. In short, facing the prospect of a Republican Senate, Obama has decided that governance can wait until November.

More – The Non-Koch Good Billionaire

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