Posted on 02/28/2009 1:53:46 PM PST by patriotmediaa
Obamas Greenhouse Gas Gamble WASHINGTON In proposing mandatory caps on the greenhouse gases linked to global warming and a system for auctioning permits to companies that emit them, President Obama is taking on a huge political and economic challenge.
(Excerpt) Read more at nytimes.com ...
Mr. Obamas budget estimates $645 billion in cap-and-trade revenue over the next 10 years that will largely be paid by oil, electric power and heavy industries that produce the majority of carbon dioxide and other gases blamed for the warming of the planet. Many of these costs are expected to be passed on to consumers.
I’m not going to say that I hope 0bama fails in everything he does, but I can’t wait to see him do a Mach 3 face plant when his flaming turkey of a cap ‘n trade tax orgy crashes.
and will also cause many industries to move offshore with the ensuing unemployment created by such moves.
the government Biggest money tax grab of all time
Curious Berry will kill the economy with his environmental stupidity. We will all have less money in our pockets after paying carbon taxes and energy bills that increased over 40% because Curious Berry forced energy companies to use green energy. Do they call it green energy because of its high price or because it’s unproven and untested?
0bama probably calls it that because his cap'ntrade scheme MEANS more GREEN for the MACHINE.
It proves to me that I was right when I decided that Bari was a big dumbass.
The only chane Hussein Obama is taking is whether or not he can complete the destruction of America in 4 years, because thats all he will get.
Business pass 100% of taxes like this along.
Another hidden tax consumers will pay, brought to you by Zero.
The idiots that voted for him are bigger dumb asses!
Of course they are not the ones paying for his "change"
“Green groups and supportive members of Congress applauded, saying the proposal was long overdue after eight years of inaction on climate change under President George W. Bush. The costs, they said, would not begin to bite until at least 2012.”
It bites alright, right now.
I’m very tired of it all.
Know what a hero is, someone tired enough and angry enough to not care anymore.
It’s working so well for CA, and Germany, and CA, and....
But hey, it will work in the US, because now the right people are in charge. You know, the student council presidents.
Have read articles several months ago about a coupla math grads (gals from Cambridge and MIT) who, having cut their teeth on trading credits from sulfur oxide(s) and oxides of nitrogen from coal combustion emissions (remember acid rain), sold JP Morgan Chase on the idea of credit default swaps (circa late nineties) to enhance their liquidity. Has become a debacle coupla orders of magnitude greater than the triggering mortgage (subprime) foreclosures by the time the house of cards collapsed, essentially vaporizing assets, not to mention market confidence. Now the presidents men/gals want to make money from Al Gore’s shell game (CO2 trading), taxing CO2, without convincing proof CO2, or even all ‘greenhouse’ gases together, are the cause for warming since the 70’s scare of the onset of a new ‘little ice age’ to the most recent decade which has shown little or no predicted warming, but probably the reverse. Gotta hand it to ‘em, they think grand.
And they get others (us) to pay for it. Just imagine how much your gas and electric bills will go up to pay for the cap and trade hoax/scheme.
It’s not his gamble. It’s our funeral. Screw the NYT and their guy BO.
someone need to stand up for
FREEDOM
http://www.youtube.com/watch?v=evynMPaGd6w
You first / sarc
Too many Americans aren't interested.
Obama wants to raise money via pollution caps
(the Biggest money tax grab of all time)
breitbart.com/ | Feb 26 09 | breitbart.com/
Posted on 02/27/2009 12:33:39 PM PST by patriotmediaa
http://www.freerepublic.com/focus/f-news/2195685/posts
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.