Say "no" to Barbara Boxer: Cap and Trade is a Wall St. Scam

Wednesday, January 13, 2010

Cap and Trade is a Wall St. Scam

Cap and Trade is a Wall St. scam, first proposed by Enron, now being championed by former stock broker Barbara Boxer. The following CSPAN clip shows Al Gore being questioned about the Enron connection:

http://www.youtube.com/watch?v=gPbpmOk9Qjc

"Boxer worked as a stockbroker for the next three years..."
http://en.wikipedia.org/wiki/Barbara_Boxer

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* It's time for a change.

Senator Barbara Boxer ignored the overwhelming majority of voters who did not want to bust the Federal Budget by bailing out Wall Street. She scoffs at ordinary Americans attending Town Hall meetings. Now she is pushing a massive new government Cap and Trade program that will benefit her Wall Street cronies again*. How much more can they spend in Washington? A lot! It's time to say "no" to Barbara Boxer and reckless government spending!

* "A new report by the Center for Public Integrity finds that over 2,000 lobbyists, including representatives of the financial industry, are pressing for the cap-and-trade scheme to create an artificial carbon emissions trading market that could reach an estimated $2 trillion in paper value.

According to the CPI study, lobbyists for Goldman Sachs and JPMorgan Chase are involved. JPMorgan Chase got $25 billion in TARP money last fall, while Goldman Sachs obtained $10 billion. The stated purpose of the cash infusion was to recapitalize the banks so they could resume consumer lending.

By promoting cap-and-trade, Wall Street is once again betting it can profit from embracing left-wing politics. CEOs see an opportunity to garner praise for themselves as “socially responsible” businessmen while they profit from the sale of renewable energy products, such as wind turbines, and from the trading of carbon dioxide emission credits.

The taxpayer, the consumer and the stockholder will pay."

http://www.nationalcenter.org/NPA585.html

How will the government really distribute the trillions of dollars in carbon credits? Will the Wall Street lobbyists be the first in line? Can they go to the front of the lucrative government "carbon credit" line, and then resell the credits for billions of dollars to legitimate companies? How much more money will Goldman Sachs make trading and packaging carbon credits? Why does BP support Cap and Trade? What loopholes and special favors are hidden in Cap and Trade? These questions must be answered before any new "energy" legislation is even written!

Say "no" to Barbara Boxer

Wednesday, January 13, 2010

Cap and Trade is a Wall St. Scam

No comments:

Post a Comment

* It's time for a change.

The problems with Cap and Trade

A good description of the Cap and Trade scam (with flawed solutions, see additional video below)

A critique of The Story of Cap and Trade