Human production of CO2 causing global warming or climate change is the biggest deception in history. Previously this statement met with incredulity. How could the entire world or a majority of scientists be fooled? Now after the almost complete collapse of the global financial system people understand. The Obama government is fooled because it doesn’t want to understand and it suits their political agenda. They ignore facts and abandon logic to produce policies guaranteed to continue US economic decline. 

Vilification of CO2 and Cap and Trade

Vilification of CO2 allows them to push Cap and Trade as essential to save the planet when it is solely a major source of tax revenue. It allows them to push alternate energies that don’t work, are already heavily subsidized and will leave the US energy deficient for decades to come. They promote them under the guise of energy independence when that is attainable with coal, natural gas, nuclear and geothermal. It is all about government control and will add enormously to the US cost of living. The Heartland Institute estimates the impact of the Waxman – Markey bill will;

• Reduce aggregate gross domestic product (GDP) by $7.4 trillion,
• Destroy 844,000 jobs on average, with peak years seeing unemployment rise by over 1,900,000 jobs,
• Raise electricity rates 90 percent after adjusting for inflation,
• Raise inflation-adjusted gasoline prices by 74 percent,
• Raise residential natural gas prices by 55 percent,
• Raise an average family’s annual energy bill by $1,500, and
• Increase inflation-adjusted federal debt by 29 percent, or $33,400 additional federal debt per person, again after adjusting for inflation.
Heritage.org

This is damage to the domestic economy but the added cost to manufacturing will make the US uncompetitive in world markets. It is a self-destructive agenda. The revenue from Cap and Trade is essential to help pay just part of the interest on the massive amount of money borrowed for the stimulus package and the budget. However, it will restrict growth thus reducing internal and external wealth creation. Naively the budget proposal assumes a growth in the economy to generate more money to pay down the debt, but Cap and Trade assures it won’t happen.

Excellent article.  Read the rest at Canada Free Press.