Worst of all worlds
Posted by Jeff Id on May 11, 2010
From WUWT, national cap and trade rears its ugly head.
Cap and trade, an obama campaign requirement which is actually more necessary for him than health care, because he promised his friends. You know the “friends”, with the deep pockets, who got him the money to take a run for election. Cap and trade is an industrial wealth redistribution stock market with fixed prices, forced consumers (mandated demand) and the only ones who will benefit are the insiders who know what speech will be given next by the politicians. Imagine a president, or speaker of the house, giving an opinion that next year the price of the government allocation will double — or halve, imagine having that bit of knowledge in your pocket two days before the speech.
WUWT did a poll of peoples opinions on whether the bill will pass, this is a bit beside the point in my opinion but they are not from Chicago. Obama has many, many powerful friends stemming from the Chicago carbon exchange who are counting on him to pass cap and trade, that’s why it keeps coming up as the preferred option to save Gaia- over everything else. Unless we decide to limit the opinions of politicians by law, it will be a perfectly legal wealth transfer from your pocket to theirs all the while limiting industrial success. Also, the system allows the doling out of carbon money (it is a new green money) to preferred donors.
As I wrote above, the summary is nearly useless.
I’ve written my own poll which is based on a different view of cap and trade.
I could write several other questions, but blogs aren’t about my opinion.