Paying President's 'Price On Carbon'

IBD Editorials ^ | June 29, 2010 | Investors Business Daily staff

[Kaslin]

Energy Policy: The administration plans to use sleight-of-hand politics to sneak through an economy-killing tax on energy as necessary to save the Earth. Make no mistake: Cap-and-trade is a tax every American will pay in every aspect of his or her life.

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Cap-and-trade is like Jason Voorhees of the "Friday the 13th" movie series. Just when you think you've killed it, it comes back.

Exposures of fraud in the climate science used to justify it seemed to doom its chances as the economy soured and prospective costs seemed prohibitive. Then the Deepwater Horizon oil disaster in the Gulf of Mexico happened, and images of oil-covered pelicans filled our TV screens. It was, as White House Chief of Staff Rahm Emanuel has put it, a crisis too good to waste.

So President Obama made his first televised speech from the Oval Office, a forum usually devoted to matters of state and wars, to rail against fossil fuels, to say we needed to end our dependence on them and to push for comprehensive energy legislation such as the Waxman-Markey bill that passed the House of Representatives.

[tacticalogic]

Right now, they seem to be trying to spin the oil spill into justification to get it passed in the Senate, and at the same time trying to get it enacted by bureaucratic fiat through the EPA. The potential payoff is huge for the carbon traders, and they’re not going to have any scruples about what they’ll do to get it. None at all.

[FBD]

These so called “carbon traders” are Goldman Sachs and company, I assume.

[tacticalogic]

I’d bet they have a hand in it somewhere. Start at CCX and follow the money.

[itsahoot]

Can someone give me the latest on this scam? Thanks.

I doubt it will come up until after the November elections, but then look out for a Lame Duck session that will shake the foundations of our very Republic.

[FBD]

I expect you’re right... we saw the rats govern against the will of the people on the health care bill, so it obvious they are gonna proceed against the people on C&T as well.