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Obama budget includes billions from CO2 trade
Reuters ^
| 26 February 2009
Posted on 02/26/2009 9:45:34 AM PST by Fractal Trader
President Barack Obama's budget includes hundreds of billions of dollars in revenues from a greenhouse gas emissions trading system, an administration official said on Wednesday.
The revenues from the system would be spread out over many years starting in 2012, the official said.
Obama wants to help fight climate change by capping emissions of greenhouse gases such as carbon dioxide, or CO2, from big industries and allowing them to trade rights to pollute. Such systems are commonly called "cap and trade."
(Excerpt) Read more at uk.reuters.com ...
TOPICS: Front Page News; Government; News/Current Events
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To: Fractal Trader
......I guess in that respect, it's kind of like AIDS research. No. AIDS Research shares an hysterical political component with Global Warming and the CO2 Theory, but there is one major difference.
In AIDS Research, there is some basis in real-world science. People die from AIDS, or more likely from the opportunistic infections which it invites. No such luck with Global Warming or "Greenhouse Gases. " More people died at Chapaquiddick than from Global Warming. More people were found dead at Marcy Park than from CO2 Emissions.
21
posted on
02/26/2009 10:18:51 AM PST
by
Kenny Bunk
(The Election of 2008: Given the choice between stupid and evil, the stupid chose evil.)
To: Fractal Trader
It’s OK. No problem. Industry will be taxed the confiscatory fees necessary to eliminate Global Warming, and cut the deficit Obama “inherited” from Bush.
Trust me when I say the American taxpayer will never be effected by this. (/s the whole post)
22
posted on
02/26/2009 10:19:56 AM PST
by
rockinqsranch
(Dems, Libs, Socialists, Call 'em what you will, they ALL have Fairies livin' in their Trees.)
To: Myrddin; MeanWestTexan
At least this one is not unfairly targeted on the productive.
It is entirely targeted at the productive. Energy lies at the heart of every single industrial and service endeavor. Increasing energy costs by imposing a carbon tax and by reducing the available supplies of energy (saying no to drilling, trying to eliminate coal, etc.) will add costs to every single good or service produced. Added to this are the increased costs of heating water, heating and cooling houses. All of this means more money will be used to pay for this, leaving less money for the consumer to spend on everything else, meaning that he will buy less, meaning that fewer products will be sold, meaning that fewer products will have to be produced, meaning that fewer people will be needed to produce those products, meaning greater unemployment or reduced wages.
23
posted on
02/26/2009 10:23:06 AM PST
by
aruanan
To: xcamel; Fractal Trader; OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko
The Carbon Trading Scenario = 21st Century South Sea Bubble, Tulip Mania; where high finance meets New Age Mysticism and Science goes back to Alchemy.
24
posted on
02/26/2009 10:24:20 AM PST
by
Kenny Bunk
(The Election of 2008: Given the choice between stupid and evil, the stupid chose evil.)
To: Fractal Trader
25
posted on
02/26/2009 10:29:18 AM PST
by
Uncle Miltie
(A trillion here, a trillion there, and pretty soon you are talking about Zimbabwe money.)
To: Fractal Trader
Who would have guessed President Who would be banking on some funny money...
To: Myrddin
“Generating electricity isn’t productive? You’ll being paying higher rates for your power...and food”
Ah, but that will be passed along directly to the consumer like a sale tax.
My house is energy efficient.
My ranch house runs off a windmill supplimented with a propane-fired generator.
27
posted on
02/26/2009 10:37:02 AM PST
by
MeanWestTexan
(Beware Obama's Reichstag fire.)
To: aruanan
“add costs to every single good or service produced”
Which will be passed on to the consumers.
Essentially, a sales tax, which are actually mildly regressive.
28
posted on
02/26/2009 10:38:27 AM PST
by
MeanWestTexan
(Beware Obama's Reichstag fire.)
To: Fractal Trader
“cap and trade.”
An obvious mistranslation of the Dutch: its capping trade.
The EU’s system is doing such a fine job that emissions have barely budged and its so strong that its on the verge of collapse!
Why would we not want something like that here????
/sarc
29
posted on
02/26/2009 10:39:03 AM PST
by
Adder
(Proudly ignoring Zero's political stylings since 1-20-09!)
To: Fractal Trader
Obama thinks pulling $75 billion out of transportation and manufacturing industries will not affect overall collections from corporate income tax.
And Tiny Tim Geleitner, Dope of the Year, agrees with him!
30
posted on
02/26/2009 10:40:43 AM PST
by
cookcounty
("We'll post bills on the internet........", --excerpt from the Vast Collection of Obama Lies.)
To: Fractal Trader
Read:
NEW HIGHER TAXES NOT: Includes billions from CO2 trade
31
posted on
02/26/2009 10:41:55 AM PST
by
Uncle Miltie
(A trillion here, a trillion there, and pretty soon you are talking about Zimbabwe money.)
To: Fractal Trader
It’s just another tax. Liberals are too stupid to figure that out. Or are smart enough, and think nobody else can figure it out.
What did we ever do without our wonderful Democrats to control everything?
32
posted on
02/26/2009 10:43:44 AM PST
by
popdonnelly
(Olbermann and Matthews remind one of zoo monkeys throwing excrement)
To: MeanWestTexan
Ah, but that will be passed along directly to the consumer like a sale tax.And like every tax, it decreases disposable income. Less money circulating in the economy means more unemployment. That will require more taxes to cover the government unemployment largess.
My ranch house runs off a windmill supplimented with a propane-fired generator.
Propane will be targeted for carbon taxes too.
33
posted on
02/26/2009 10:50:08 AM PST
by
Myrddin
To: Myrddin
Steel imports went up 15% last year. I see 154,000 jobs going to Japan to make the other 85% next year.
34
posted on
02/26/2009 10:56:50 AM PST
by
massgopguy
(I owe everything to George Bailey)
To: MeanWestTexan
Personally, I think of this as opportunity. Think of CO2 absorbing technologies - invent or identify them - set up CO2 trading and make money the old fashion way - using government extortion
35
posted on
02/26/2009 11:16:52 AM PST
by
Smedley
(It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
To: Fractal Trader; WL-law; Genesis defender; proud_yank; FrPR; enough_idiocy; Desdemona; rdl6989; ...
36
posted on
02/26/2009 11:19:26 AM PST
by
steelyourfaith
(How many face lifts were required before the Speaker began speaking from her anal orifice?)
To: massgopguy
Steel imports went up 15% last year. I see 154,000 jobs going to Japan to make the other 85% next year.154,000 more unemployed here. The Japanese will probably find a way to produce the steel without the expense of adding 154,000 more employees.
37
posted on
02/26/2009 11:19:33 AM PST
by
Myrddin
To: Smedley
Oh, I pump tons of C02 into the ground to loosen oil at about 2500psi. I used to have to pay to get it; now I will be paid.
It’s a scam.
38
posted on
02/26/2009 11:20:01 AM PST
by
MeanWestTexan
(Beware Obama's Reichstag fire.)
To: Fractal Trader
More global-bankrupting fun with US government-backed fraudulent securities, coming right up!
39
posted on
02/26/2009 11:52:12 AM PST
by
E. Pluribus Unum
("Only after disaster can we be resurrected." -- Tyler Durden)
To: MeanWestTexan
Which will be passed on to the consumers.
That or make the manufacture of the product too expensive leading to a shutdown of the factory or its move to another place with lower costs.
40
posted on
02/26/2009 1:04:41 PM PST
by
aruanan
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