Beck's cap and trade conspiracy theory continues to fall apart


The latest grand conspiracy theory to which Beck has devoted a serious amount of air time on his radio and television shows continues to fall apart under closer examination. To recap, Beck's theory is that cap and trade is really just a tool created by a bunch of progressives to redistribute wealth.

Beck has claimed everyone from Van Jones to President Obama to Al Gore is in on this conspiracy, as are the Joyce Foundation, Fannie Mae, Freddie Mac and Goldman Sachs.

With regards to Goldman Sachs, Beck specifically singled out three men, claiming that they were currently working for Goldman Sachs.

Here's what Beck claimed on April 26:

Al Gore. Al Gore. When I say co-founder, some of the other founders is this guy, you know, names aren't important. It's David Blood, and he works for Goldman Sachs. That's the important part. Peter Harris, I don't have a picture of him, but he works for Goldman Sachs. And then there's also Mark Ferguson, and he works for Goldman Sachs. OK?

In fact, all three men left Goldman Sachs years ago.

Notice Beck's change of details when he laid out his theory again on April 29:

A company in Great Britain called Generation something or other. Al Gore -- Al Gore and two partners that formerly were at Goldman Sachs, GIM. They are the fifth-largest shareholder in the Chicago Climate Exchange. Gore's company has several former Goldman employees on the roster.

It should also be noted that -- contrary to Beck's suggestion -- Blood, Harris and Ferguson are not implicated in the SEC's fraud case against Goldman Sachs.

Add this to the growing list of problems with Beck's cap and trade theory.

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Glenn Beck
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