Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress

Obama Years Ago Helped Fund Carbon Program He Is Now Pushing Through Congress

www.foxnews.com

In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.

During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Obama's espousal of cap-and-trade, a system that is intended, among other things, to increase the price of fossil fuels and force their replacement by energy sources that produce less greenhouse gases, has drawn fire from many economists as a huge energy tax that will weigh heavily on an economy that is already in steep recession. The price tag has been put high as $2 trillion dollars over eight years. That figure, nearly three times higher than originally projected, was given in a White House briefing to Senate staffers last week and reported by US News and World Report and the Washington Times.

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President Obama's insistence of cap and trade for carbon emissions will provide a captive market for this company he helped set up. While he insists that his reasoning is to save the planet, it doesn't hurt that there is a great deal of money to be made by people who owe their burgeoning fortunes to him.

We already know why the banking industry and the auto industry will support anything he does, but in addition he has the very wealthy support of the carbon trading industry. Dangerous, I say.

www.foxnews.com
(visit the link for the full news article)

Thread already exists here .

Just a FYI....

Here's a bit more from that same article.

Obama's espousal of cap-and-trade, a system that is intended, among other things, to increase the price of fossil fuels and force their replacement by energy sources that produce less greenhouse gases, has drawn fire from many economists as a huge energy tax that will weigh heavily on an economy that is already in steep recession. The price tag has been put high as $2 trillion dollars over eight years. That figure, nearly three times higher than originally projected, was given in a White House briefing to Senate staffers last week and reported by US News and World Report and the Washington Times. The scheme has also drawn attacks from 28 U.S. Senators, including West Virginia's Robert Byrd and Michigan's Carl Levin, both Democrats, who have criticized Obama for floating the idea that he would attach the measure to the current budget reconciliation process, to avoid a filibuster in Congress. An open letter signed by the dissident senators declared that "enactment of a cap-and-trade regime is likely to influence nearly every feature of the U.S. economy. Legislation so far-reaching should be fully vetted and given appropriate time for debate, something the budget reconciliation process does not allow."

Foxnews article

Once again President Obama will use his favorite anti-transparency to rush through this bill unexamined and never discussed on its on merits and his own personal involvement in creating this industry.

What was that he said about bringing change to washington?

sorry! I looked for it but missed it.