While the media is obsessed with the Koch brothers this campaign season, a billionaire hedge fund manager from San Francisco just bought off the White House to the tune of $100 million in order to delay the Keystone XL pipeline decision.
The Obama administration once again has punted on a final decision for the Keystone XL pipeline, announcing ahead of the holiday weekend it is extending a key review period indefinitely — a move that could push off a determination until after the midterm elections.
Republicans, as well as red-state Democrats who want the proposed Canada-to-Texas pipeline approved, slammed the administration for the delay. Democrats even threatened to find ways to go around the president to get the project approved.
“It's absolutely ridiculous that this well over five year long process is continuing for an undetermined amount of time,” Sen. Heidi Heitkamp, D-N.D., said in a statement.
What you won't hear about in mainstream media is how Billionaire Tom Steyer drove the decision by promising to spend $100 million to help Democrats in the midterm election who help defeat the project:
With the decision pushed back probably past the election, this allows the Democrats to be for or against the decision depending on their election chances and how badly they need Steyer's support. Given that a majority of Americans want the project to go through, this is good news for vulnerable Democrats. Meanwhile, American jobs suffer, and whatever economic impact the project might have had on Russia is ignored for the sake of Obama's political gain.
[Correction: An earlier version of this post had a spelling error in Mr. Steyer's name.]