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And All That JAZZ PAC

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Sen. Mary Landrieu

The WSJ’s Kimberley Strassel helps unearth the truth behind Louisiana Sen. Mary Landrieu’s politics here:

Louisiana Sen. Mary Landrieu rolled out her pitch for a fourth term in an interview with the Times-Picayune in April. “I’m indispensable,” she told the New Orleans newspaper, noting that her pull in the Senate would “secure for Louisiana a significant and reliable string of revenue.”

As usual, Ms. Landrieu was talking about her efforts on behalf of Louisiana’s oil and gas sector, the bedrock of the state’s economy. She claims to be her party’s fiercest advocate for that industry, and she talks extensively about her support for the Keystone XL pipeline, her opposition to industry taxes and her desire to rein in EPA regulations.

In the Times-Picayune interview, Ms. Landrieu emphasized her intentions to expand oil and gas production and speed up royalty payments to her state, hinting at greater influence in 2015 as potential chairwoman of the Energy and Natural Resources Committee.

Behind the scenes, however, Ms. Landrieu has been working just as hard to make sure she’s irrelevant. Through the auspices of JAZZ PAC, her leadership political action committee, she has from 2006 to 2012 contributed some $380,000 to re-elect some of the most ardent Senate opponents of the oil and gas industry. One result is a bloc of liberal members who easily cancel out Ms. Landrieu’s votes and guarantee the defeat of legislation designed to help Louisiana.

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E.J. Smith - Your Survival Guy

Preparing your investments and family for when disaster strikes.
E.J. Smith is the Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH, where he completed course-work in Practical and Defensive Handgun, Conceal Carry Pistol, Shotguns, Precision Scope Rifle and Kidnapping Prevention. E.J. plays a Yamaha Recording Custom drum set with Zilldjian cymbals. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@youngresearch.com. Sign up here to receive all the best content from Richardcyoung.com each week.

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