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RUSH: I had this story yesterday and I didn’t get to it. It’s a Bloomberg story based on an op-ed in the Wall Street Journal by James A. Baker and George Shultz. Now, these two guys date back to the Republican Reagan administration. They are considered Republican royalty. They are called even by the Drive-Bys, they have so much respect now, they’re called elder statesmen in the Republican Party. And according to the Drive-Bys, Democrats, the Republicans don’t have any statesmen, period, but these two guys have written an op-ed pushing a carbon tax. And they had a meeting with...

President Trump announced on Thursday morning that his team of attorneys will hold a press conference today at noon Eastern on the “clear and viable path to victory.”

Mr. Tillerson emerged as a contender on the strong recommendations of James A. Baker III, the secretary of state under President George Bush, and Robert M. Gates, the former defense secretary, according to a person briefed on the process. Mr. Kushner and Mr. Trump’s chief strategist, Stephen K. Bannon, advocated strongly for Mr. Tillerson, and the president-elect became intrigued.

WASHINGTON - Exxon Mobil Corp. and other large oil companies are backing a carbon tax proposal put forward earlier this year by a group of former Republican leaders including James A. Baker III, the former secretary of state and a Houston attorney. The Climate Leadership Coalition, a group that includes Baker, former Treasury Secretary Hank Paulson, and former Secretary of State George Shultz, announced a list of "founding members" Tuesday that includes Exxon Mobil, BP, Shell, Total, General Motors and Johnson & Johnson. "We support @TheCLCouncil as a founding member and are working to support its policy development process," Exxon...

The fact that it’s being proposed by Republicans doesn’t make it any more economically palatable. Madness is rare in individuals — but in groups, parties, nations, and ages it is the rule — Friedrich Nietzsche ‘Cap and trade was just one way of skinning the cat; it was not the only way,” Barack Obama declared after Democrats’ disastrous losses in the 2010 midterm elections. That shellacking finally killed off the Waxman-Markey cap-and-trade bill. From it was born the EPA’s Clean Power Plan and the Obama administration’s war on coal, in turn a contributory factor to Donald Trump’s election and Republicans’...

Most other developed nations already have a VAT -- a system in which taxes are paid by each business in the different stages of production of a good or service, and, ultimately, directly or indirectly, by the consumer. VAT is considered a consumption tax, since it taxes what people consume, rather than how much they earn or their profits from investment. That's also a reason why some consider it unfair for lower-income households. And critics say it could let government take a bigger slice of the overall economic pie, enabling higher spending. Its supporters, meanwhile, say VAT is better for...

Former Treasury Secretary Henry Paulson Jr. is out with his new book, On the Brink, where he details his version of events that occurred on Wall Street and Washington D.C.during the financial crisis while he was Treasury Secretary. All that you really need to know about this fairy tale can be found in the front of the book in what is labeled as "Author's Notes". In this preface, Paulson tells us that he doesn't take notes and doesn't use email and his staff was frustrated because he didn't send out memos, but fortunately, he tells us, he has a very...

"This troubles me deeply as a Republican, but it troubles me even more as an American," said Paulson, a former Goldman Sachs chief executive who spearheaded the 2008 Wall Street bank bailout as treasury secretary. "Enough is enough," he wrote. "It's time to put country before party and say it together: Never Trump." Instead, he offered up Democrats' presumptive presidential nominee, Hillary Clinton, as the country's best alternative to Trump, encouraging his GOP colleagues to consider her when casting their ballot.

Representatives from a coalition of veteran Republican officials — including five who have either served as treasury secretary or as chairman of the Council of Economic Advisers — met Wednesday with White House officials to discuss the idea of imposing a national carbon tax, rather than using federal regulations, to address climate change.[snip]Despite the group’s impeccable Republican credentials — Baker, Paulson and Schultz served as treasury secretaries and Feldstein and Mankiw served as CEA chairs under GOP presidents — the proposal faces long odds. Many congressional Republicans are adamantly against a tax increase of any kind, and President Trump repeatedly...

A number of mostly elderly very important persons have been compromised by the global warming hoax. The following wise men signed a tract: “The Conservative Case for Carbon Dividends.” George Shultz - 96James A Baker - 86Martin Feldstein - 77Thomas Stephenson - 74Rob Walton - 72Henry Paulson - 70N. Gregory Mankiw - 59Ted Halstead - 48 The carbon dividend tract was promoted in a Wall Street Journal article published on February 7th and signed by former Secretaries of State, Shultz and Baker. According to Shultz and Baker: “…there is mounting evidence of problems with the atmosphere that are growing too...

But President Trump’s “default position” on climate change is that “most of it is a bunch of bunk” A group of Republican insiders was scheduled to meet at the White House today to push the Trump administration to embrace slapping carbon taxes on the nation’s floundering economy, Sean Moran reports at Breitbart News. On the campaign trail President Trump came out against enacting a carbon tax. “I will not support or endorse a carbon tax!” he tweeted May 13, 2016. White House Chief of Staff Reince Priebus previously said that Trump’s “default position” on climate change is that “most of...

A group of Republican senior statesmen is pushing for a carbon tax to combat the effects of climate change, and hoping to sell their plan to the White House. Former Secretary of State Jim Baker is leading the effort, which also includes former Secretary of State George Shultz. In an opinion piece published Tuesday night in The Wall Street Journal, they argued “there is mounting evidence of problems with the atmosphere that are growing too compelling to ignore.” […] Carbon taxes are designed to raise the cost of fossil fuels to bring down consumption. Baker and Shultz detailed in the...

A group of Republican senior statesmen are pushing for a carbon tax to combat the effects of climate change, and hoping to sell their plan to the White House. Former Secretary of State Jim Baker is leading the effort, which also includes former Secretary of State George Shultz The group will meet Wednesday with White House officials, including Vice President Mike Pence, senior adviser Jared Kushner, and Gary Cohn, director of the National Economic Council. Also supporting Baker's effort are Hank Paulson, treasury secretary for former President George W. Bush; Greg Mankiw, who chaired Bush's Council of Economic Advisers; and...

It’s hard to imagine a better endorsement of Donald Trump’s economic policies – whatever they may be, whenever he finds the time to explain them – than the recent endorsement of Hillary Clinton by former Goldman Sachs CEO and U.S. Treasury Secretary Hank Paulson. As the man in charge of the biggest explosion of corporate welfare in world history – the “TARP” bailouts, he defined himself as a sworn enemy of capitalism and a socialist when it comes to the capital markets. Socializing billions of dollars in investment bank, insurance company, and automobile industry losses with taxpayer dollars qualifies Paulson...

Hank Paulson, George W. Bush’s treasury secretary, who presided over both the meltdown of the U.S. economy and the subsequent bailout of his close friends and associates, has endorsed Hillary Clinton — citing his belief that she’d be more likely to enact globalist policies on trade and immigration as part of the reason for his endorsement. Paulson also posits that Clinton would be more likely to cut Americans’ medicare and social security, which Paulson cites as a top priority following the financial collapse he helped to create. Paulson is also the former CEO of Goldman Sachs, which has given Hillary...

There goes another one. Hank Paulson, chairman of the Paulson Institute and a former Treasury secretary in George W. Bush’s administration, will neither vote for Donald Trump in November nor abstain, he wrote in an op-ed published Friday in The Washington Post. “I’ll be voting for Hillary Clinton with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment and our place in the world,” Paulson wrote. “To my Republican friends: I know I’m not alone.” Paulson is the latest George W. Bush administration official to not only reject the Republican...

Who knows the average joe American people better than bailout-boy and former Treasury Secretary Hank Paulson? Speaking with BloombergTV this morning, he excised his opinion on the "angry American" people and why, despite "being ripe for populism," Paulson forecasts that "I don't think we're going to see a President Trump."

A few months ago, a hurt Ben Bernanke put on his blogger hat and set out to explain why, in his mind, the unconventional policies undertaken by the Fed in the post-crisis years have not contributed to record income inequality. As we noted at the time, epic hilarity ensued. Bernanke’s explanation went something like this: while QE does indeed inflate asset prices, poor people have been getting poorer for quite some time, so sure, maybe the Fed contributed a little bit, but probably not a whole lot and besides, the more Keynes the better when it comes to smoothing out...

I’ve gone through only the first day of testimony from the AIG bailout trial, and we are already up to our third bombshell. The first witness called by the plaintiff, Starr International (an investment vehicle controlled by Hank Greenberg), was Scott Alvarez, general counsel for the Federal Reserve Board of Governors. Part of the testimony covered a discussion that took place late in the evening of September 15, the day Lehman declared bankruptcy in the wee hours of the morning. The topic was AIG. The participants included Alvarez, Timothy Geithner, Fed governors Don Kohn and Kevin Warsh, Ken Wilson, a...

Speaking in New York City last week, Wall Street billionaire Tom Steyer laid clear his vision for penalizing people whose actions may contribute to climate change.“We need to reward people whose behavior reduces climate risk and penalize people who add to it,” said Steyer “If we can get this right, I think there’s no doubt that our economy is going to continue to do very well.”He was joined by several wealthy businessmen — such as Michael Bloomberg and former bankers and government officials Hank Paulson and Robert Reich— to unveil a report from Risky Business, an economic analysis of the...