Wall Street lobbying for cap and trade

Miscellaneous Current Events
1

Wall Street and big corporations are lobbying for cap and trade policies. Wall Street because those policies artifically create a new commodity that will traded on Wall Street. All money spent on thes caps is a hidden tax - created by government and collected by corporations. Other corporations because cap and trade policies will make it too expensive for entrepreneurs to start companies and compete with the big corporations. As always, big government boosts the power of corporations at the expense of the people. So even though it’s obvious the planet is cooling, most Americans have figured out that global warming is a scam, and the people want an end to this nonsense, corporations and government aristocrats are teaming up to stick it to us again.

If Obama gets his cap and trade policy passed, it’s going to appear as if he literally created wealth out of thin air - for a while. It can only end badly. Guess who’ll get blamed.

2

I’ve heard about this before. Trading carbon credits seems to be a very lucrative proposition, considering that:

  1. A growing economy emits more carbon.

and

  1. Carbon credits are to be slowly reduced.

It’s like the end-all be-all of commodities: growing demand and decreasing supply perpetually driving prices up and up and up.

3

The WSJ exposes Obama’s cap and trade tax scheme.

4

Carbon cap and trade in trouble - funny cartoon.

5

What really cracks me up is how something as patently stupid as cap-and-trade is seen as too free-market by some environmentalists.

As Wikipedia sums it up, “In its place they advocate making reductions at the source of pollution and energy policies that are justice-based and community-driven.” Those hyphenated words are the typical asinine, meaningless, and vague buzzwords that the Greens and their ilk love to use.

There are two kinds of idiots regarding this: those who think that this scheme will work, and those who want to go further.