Glenn Beck recently discussed the carbon emissions trading scheme and the people who are working behind the scenes to make it a reality via Cap and Trade.
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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.
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.
* 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!
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
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