
Banksters Love Cap-and-Trade
The well-placed and well-connected are set to make trillions off new climate bill AND economic collapse is about to accelerate.
The sweeping new bill which just passed the House last Friday, the Clean Energy and Security Act of 2009, is ostensibly about climate change, but it is in fact a bill of staggering economic ramifications that is going to accelerate the takeover of the economy by the well-placed financiers who have already plundered the Treasury and the Fed of $12+ trillion and counting. It was rushed through the House in the tradition of such nightmarish legislation as the Patriot Act and the banker bailout of last October: hundreds of pages were added to it at the last minute and it was humanly impossible for anyone to have read it before they voted on it. This, of course, is exactly what Obama promised his administration would never allow to happen, and for good reason; bills passed in this manner are always the result of fear and panic and inevitably results in legislation that would never be passed upon sober second thought.
In this case, the rush to pass this new bill was an attempt to stop any scrutiny of a plan that is going to utterly transform the American economy, further centralize control of citizens' lives in the hands of unaccountable federal bureaucrats and complete the transfer of the American economy from Main Street to Wall Street. And all of this in the name of fighting a threat which itself is a demonstrable fraud. In short, the banksters and bureaucrats are sharpening their knives, preparing to butcher what's left of the carcass of the United States, and a good portion of the public are not only willing to allow it but are actually clamoring for it.
The first thing that needs to be understood about the brand new trillion dollar carbon-trading commodities market that will be brought into existence if this bill passes the Senate is that it is a ripoff designed by and for the very corporate interests the environmentalists claim to be fighting. For an historical precedent of what is being proposed under this cap-and-trade scam one can look to Enron, which immediately found ways to plunder billions of dollars from new energy market legislation passed by the Clinton Administration in 2000
For those who cannot be convinced to consider an issue until it affects them personally, rest assured this draconian new legislation will reach into every American citizen's living room...literally. As Congressman Steve Scalise has already pointed out, this "climate bill" contains within it a new national building code that supersedes all existing state codes. If enacted, this legislation will create an entirely new class of federally-funded green brigades with the mandate to perform house-to-house inspections to look for violations of this new "green" building code. They would even be able to impose civil penalties for code violations (like having the wrong windows or lightbulbs). Watch Congressman Scalise's comments in the player below:
What if you discovered that the vet who takes care of your dog was Michael Vicks? Would you think twice about bringing Fido back for his annual shots?
Or what if you discovered that your auto mechanic was a member of Greenpeace? Would you think twice about having him work on your SUV?
Of course you would. Just as, I hope, you would think twice about trusting your retirement savings to someone who secretly despised -- or simply didn't understand -- the free-market capitalist system that makes profits and prosperity possible.
Yet that, believe it or not, is exactly the position millions of Americans are finding themselves in today -- as they discover that Wall Street, far from being a stronghold of "rich Republicans" and "laissez-faire capitalists," is actually dominated by liberal Democrats who support, overwhelmingly, the prosperity-wrecking big-government policies of Barack Obama and his merry band of neo-socialists.
Think I'm exaggerating? Consider the following facts and statistics:
- According to an analysis of Federal Election Commission records by the Center for Responsive Politics, the 2008 Obama campaign received $12.6 million from Wall Street "Securities and Investment" firms versus McCain's $7.9 million
- The top three corporate employers of donors to Barack Obama, Joe Biden, and Rahm Emanuel were Goldman Sachs, Citigroup, and JPMorgan
- Employees of Lehman Brothers alone gave Obama $370,000, compared to about $117,000 to McCain. (No wonder Bush let them go under.)
- Since 1998, the financial sector has given a total of $37.6 million to Obama, compared to $32.1 million to McCain. But Obama ran for his first national office only in 2004. So McCain got less from the financial industry in a decade that included two runs for president than Obama did in four years.
What's this all about? Well, you see, the financial industry takes care of Democrats -- and as we've seen in recent months, the Democrats take care of the financial industry. After all, it's a lot easier to get rich by taking money from taxpayers than to do it by choosing consistently profitable investments for your clients. Little wonder then that BO and biden are setting up another stimulus and trying to force you to pay for that as well as Crap and Trade for their banker buddies.
Climate-Bill Breaks Bode Ill for Deficit but little do they care they will continue bankrupting the USA and the World!
The Obama administration said Monday that it expected even wider deficits this year and next than previously forecast [...]
Beginning in 2012, the White House budget had counted on the sale of greenhouse-gas emissions permits to bring in $77 billion to $79 billion a year through 2019. Of the $624 billion in revenue, the White House allocated $504 billion to a $800-per-family tax cut for households with incomes below $150,000, in part to offset the impact of the cap-and-trade system on electricity rates. An additional $15 billion a year was dedicated to developing and deploying renewable-energy efforts to replace the fossil fuels being hit by the pollution trading system.
...
“At least half the revenue that the administration is expecting is just not going to materialize,” said Daniel J. Weiss, director of Climate Strategy at the Center for American Progress, a liberal think tank closely allied with the Obama White House.
After being asked when the public should begin judging the success of the nearly $800 billion stimulus plan, White House press secretary Robert Gibbs answered, "I think we should begin to judge it now."
Let's take his advice. If this passes well....
Updated for the BO Depression...George Michael
http://www.corbettreport.com/articles/20090702_banksters_cap_trade.htm
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