Friday, July 17, 2009

La Cosa Climate: Commerce Sec. Warns: Americans Need 'To Pay' Or Face Mother Nature's Wrath -- Pay up or face 'floods, droughts and rising sea levels' | Climate Depot
[Climate Depot Editor's Note: Obama's Commerce Sec. Gary Locke would have us believe that Mother Nature is running a mob-like operation. Americans need to pay up or else! Pay hard-earned dollars to the government or face “floods, droughts and rising sea levels.”
Big Dem cash dump on eve of climate vote - Glenn Thrush - POLITICO.com
Three House Democratic leaders who were whipping members on the climate change bill gave tens of thousands in campaign cash to party moderates around the time of the 219-212 vote on June 26, according to Federal Election Commission records.

It's impossible to tell if that torrent of cash was an attempt to schmear wavering Democrats -- or just part of the usual cash dump made by leaders on the eve of the June 30 quarterly fundraising deadline.
...
Ken Spain, communications director of the National Republican Congressional Committee emails this response:

“If this was a concerted effort by the Democratic leadership to purchase votes for Nancy Pelosi’s national energy tax at the eleventh hour, then it is unconscionable at best and corrupt at worst. The sad fact for those Democrats who were seemingly bought and paid for, is that it will take a lot more money than they received to defend such an atrocious vote.”
Capitalism Becomes Sick, Turns Green - Watching the Watchers
To call the Waxman-Morley climate bill the next government abomination would be an understatement. This American Clean Energy and Security Act of 2009 (ACESA) was supposedly introduced to “create clean energy jobs, achieve energy independence, reduce global warming pollution, and transition to a clean energy economy.” The bill in its current language will not accomplish any of these four goals.

Instead, the ACESA enables corporations to pollute and still reap massive windfall earnings by charging customers more for energy. In addition, the bill creates the next Wall Street bubble through the endorsement of carbon trading derivatives speculation. Within a decade, carbon dioxide may become the world’s largest commodity market. The Financial Times reported last week that the carbon market could reach $3 trillion by 2020.

The carbon emissions trading market will be heavily regulated by government officials and will be derivatized and speculated by the same Wall Street traders who inflated the mortgage-backed securities bubble in recent years. However, this market is far more dangerous than the mortgage-markets since there is really no physical commodity actually being traded; at the end of the day the Al Gores and Goldman Sachses of the world will be trading credits for producers of any good or service to actually create ‘air’.

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