Tag Archives: cap and trade

Gulf Oil Spill a (Purposeful) ‘Opportunity’?

Robert Gibbs says former FEMA director Michael Brown intimated that the Gulf Spill was ‘leaked on purpose’, though apparently, he made no such accusations. Is Gibbs leaking to us that it was a done on purpose?

Brown Never Said Obama Was Behind The Oil Spill


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Barack Obama turns the oil spill into his poor man’s 9/11 to revive Cap-and-Trade climate legislation

“You never let a serious crisis go to waste,” Rahm Emanuel, Barack Obama’s chief of staff, famously remarked. “And what I mean by that it’s an opportunity to do things you think you could not do before.” The extent to which his master has absorbed this maxim is demonstrated by Obama’s exploitation of the Gulf of Mexico oil spill.

After obsessively demonising “British Petroleum”, as his administration calls BP – a company 40 per cent British and 40 per cent American owned – Obama plumbed new depths this week by comparing the accident to the Twin Towers atrocity in 2001. To equate an environmental accident in which 11 workers tragically lost their lives with a ferocious terrorist attack that killed 2,995 people, 67 of them British, shows the extent to which Obama has lost touch with reality.

His agenda is to exaggerate the significance of the oil spill crisis to massive proportions, for two reasons. The first is that, the more Americans can be persuaded to regard the accident as a monumental, historic disaster, the less his patent impotence in the face of it will appear blameworthy. His second reason is that, in accordance with the Emanuel doctrine, he sees this as an opportunity to breathe new life into his moribund Cap-and-Trade climate change legislation.

The House of Representatives narrowly passed the climate change Bill last year, but it has stalled in the Senate. Last month, in the wake of the BP oil rig explosion, Senators John Kerry and Joe Lieberman introduced a “compromise” Bill in the Senate to which Obama is desperate to give a fair wind. He is trying to whip up a green frenzy, to persuade Americans of the evil of oil. Yet ironically, as Senate Minority Leader Mitch McConnell reminded his colleagues last week, “it’s been widely reported that a major part, a major part of the Kerry-Lieberman Bill was essentially written by BP”.

Cap-and-Trade is extremely difficult to pass in Congress, especially after the forcing through of the unpopular health care legislation, as more and more Americans begin to waken up to the consequences of Obama’s climate change programme. A freedom of information initiative has disclosed that, in contradiction of claims made by the administration, a study by the US Department of Treasury estimated that Cap-and-Trade laws would impose new taxation of up to $200bn a year, equivalent to a 15 per cent increase in income tax.

That is why Obama is trying, very unconvincingly, to brainwash Americans into thinking they are facing a crisis as grave as 9/11 – presumably casting BP as the new al-Qaeda – in order to gain support for legislation that would ratchet up energy prices, destroy jobs and cause the economy to contract. The fact that he is reduced to so transparent an imposture is testimony to how dramatically his status and credibility have shrunk during his 17 months in office. The latest Rasmussen Presidential Tracking Poll has his Presidential Approval Index rating at a humiliating –18, with 42 per cent strongly disapproving of his performance and just 24 per cent strongly approving. It is that haemorrhaging of support in the run-up to mid-term elections, rather than the oil leak, that is Obama’s real crisis.

Oil Spill, Climate Bill
Obama blocked clean-up of BP oil spill by America’s allies; Failed to issue timely Jones Act waiver
Goldman Sachs sold $250 million of BP stock before spill

Obama’s Cap and Trade: ‘Massive Transfer of Wealth’

Obama’s Cap and Trade Carbon Emissions Bill – A Stealth Scheme to License Pollution and Fraud

On May 15, HR 2454: American Clean Energy and Security Act of 2009 (ACESA) was introduced in the House purportedly “To create clean energy jobs, achieve energy independence, reduce global warming pollution and transition to a clean energy economy.”

In fact, it’s to let corporate polluters reap huge windfall profits by charging consumers more for energy and fuel as well as create a new bubble through carbon trading derivatives speculation. It does nothing to address environmental issues, yet on June 26 the House narrowly passed (229 – 212) and sent it to the Senate to be debated and voted on. More on that below.

On March 31, Energy and Commerce Committee Chairman Henry Waxman and Energy and Environment Subcommittee Chairman Edward Markey released a “discussion draft” of the proposed legislation and falsely claimed:

— it’s “a comprehensive approach to America’s energy policy that charts a new course towards a clean energy economy;” it will

— create millions of clean energy jobs….that can’t be shipped overseas;

— put America on the path to energy independence;

— reduce our dependence on foreign oil;

— save money by the billions;

— unleash energy investment by the trillions;

— cut global warming pollution;

— strengthen our economy;” and

— make “America the world leader in new clean energy and energy efficiency technologies.”

Strong-arm pressure, threats and bribes got the bill through the House. Forty-four Democrats opposed it. Eight Republicans backed it. Over 1200 pages long, few if any lawmakers read it.

Warning: Cap and Trade Bubble Ahead

On July 1, Catherine Austin Fitts’ Solari.com blog headlined “The Next Really Scary Bubble” in stating:

“If you think the housing and credit bubble diminished your financial security and your community, or the bailouts, or the rising gas prices did as well, hold on to your hat” for what’s coming. “Carbon trading is gearing up to make the housing and derivative bubbles look like target practice.”

She quoted Rep. Geoff Davis calling it “a scam,” Rep. Devin Nunes saying it’s a “massive transfer of wealth” from the public to polluters and Wall Street, Rep. James Sensenbrenner stating “Carbon markets can and will be manipulated using the same Wall Street sleights of hand that brought us the financial crisis,” and Dennis Kuchinich citing “The best description to date (to) be found in Matt Taibbi’s….’The Great American Bubble Machine: From tech stocks to high gas prices, Goldman Sachs (GS) has engineered every major market manipulation since the Great Depression – and they are about to do it again.’ “


Full Story

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Cap and Trade Bill

Government Has Made Job Growth Impossible

Floyd Brown – Author of Killing Wealth

What happened to our Economy

Obamageddon – Unprecedented Schemes & Scams

Gerald Celente Obamageddon