Obama's Cap and Trade bill a Scam : Who Knew?

This is just a 'cut out' of a larger article but it still give you a eye opening reality check on what "Cap and Trade" will do to all of us. I do not know the author but he/she seems to know a thing or two about scams.

Chapter 5 _Power Grab Picking Your Pockets for Political Payola__ _

Politicians create constituencies from corporations and ad hoc coalitions and then bribe them with confiscated wealth. The Anthropogenic Global Warming (AGW) scam is a campaign to limit the availability of energy in the name of “saving the planet”. The media portrays the flagrant collaborations and corruption between government and big business as unimaginable “valiantly and selflessly working together”, against dire emergencies, rather than the scandals they really are.Enron’s Ken lay saw the enormous financial potential in joining anti-growth anti-people organizations. Enron was the early ringleader of the AGW scam, developing a carbon trading system, working with enviro groups, and donating millions seeking international control of CO2. Enron strongly supported Kyoto to create windfall profits transferring billions from consumers, ratepayers and taxpayers.

Corporations including BP and GE have leveraged their power funneling tax money to themselves and the government to support hundreds of millions in lobbying, advertising and politics. These corporations provide financial and political cover for Obama, expecting huge payoffs now and into the future. John Rowe, CEO of the Chicago based utility Exelon, hired Rahm Emanuel to help broker the 8.2 billion deal creating Exelon from Unicom and Peco. Emanuel was paid 16.2 million over 2 years to create “The President’s Utility”. Exelon hopes to reap a billion a year in windfall profits from carbon legislation.

Lobbying for legislation is like a capital investment with the added plus of having the ratepayers foot the bill for increasing their rates. American Electric Power is also on-board with this “beautiful scheme” passing on billions to ratepayers while taking a little off the top for themselves. Exelon gains simply because carbon becomes more expensive – with no capital investment (except for lobbyists) – so revenues rise but costs do not change creating a handy profit. Exelon is the largest nuclear power in the US. Nuclear energy producers are poised to receive billions from carbon legislation even though they incur zero carbon compliance cost.

Americans face billions in forced wealth transfers from the public to well placed lobby interests that will produce no climate improvement…Obama refuses to answer what this legislation will do, at what cost and in who’s interest.AGW took off only after big money interests adopted it as a vehicle to lock in profits and to disadvantage small business and other competition. The collaboration between government and business to transfer wealth and power to the state was in practice with the Progressives 100 years ago.

Early in the 20^th century business-government collaborations locked things up for themselves eliminating competition and free markets in the telephone, oil, steel and meatpacking industries with consumers and taxpayers footing the bill. “Climate rent-seekers” like Duke Energy and Exelon oppose deregulation and competitive markets and are pushing for a government-big business alliance to secure billion in windfall profits at ratepayer expense. Enron led a select few peers at the vanguard of inventing AGW as a policy matter in the United States.Today greens and their pals in banking and finance seek to institutionalize the carbon offset racket through legislation. And once created such taxes are nearly impossible to dismantle.Lawrence Solomon, "The financial stakes are enormous in the global warming debate-many oil, coal and power companies are at risk should carbon dioxide and other greenhouse gases get regulated in a manner that harms their bottom line. The potential losses of an Exxon or a Shell are chump change, however, compared to the fortunes to be made from those very same regulations."

Barbara Boxer "There's so much revenue that comes in from a cap-and-trade system that you can really go to a person in a congressional district and get enough votes there by saying, 'What do you need? What do you want?' You can really help them”"There's so much revenue" from the biggest tax increase in American history, most of which is given away to big business for the first decade-yet somehow, as the administration and its congressional, green group, and industry allies calmly tell us, it won't cost anything.Phil Kerpen “This disastrous bill, which will send energy prices skyrocketing while having no discernible impact on global average temperature, will only get worse as even more special interests are bought off at the expense of taxpayers. It's a scam, an enormous tax-and-spend bill concealed in a cloak of green political correctness.

The real purpose of the plan is to dramatically enhance the power of Washington politicians by giving them control over vast swaths of the U.S. economy.”It would "centralize an inordinate amount of power in Washington and "generate vast fortunes for people with friends in high places .... Because the credits will be distributed by the government, the key question is who will decide who gets them. As we have seen recently with the stimulus bill, Troubled Asset Relief Program (TARP) bailouts, the automotive fiasco and the federal budget generally, only those with friends in high places will have a place at the trough. Those with pull will profit; those without will be run out of business.""Under cap-and trade, we will soon see the rise of the carbon oligarchs. These people will make vast fortunes on this legislation by trading influence and