The Heritage Foundation - Leadership for America

August 20, 2009 » Financial News Update - 08/20/09 NoisyRoom.net: Where liberty dwells, there is my country… writes:

[...] Cap and Trade: Organized Crime’s Best Friend [...]

August 20, 2009 Rmoen, Reno, NV writes:

Thanks for the article. Have you heard anything similar with RECs (renewable energy certificates) now trading in the US. As states and possibly the US government pass more renewable portfolio standard laws RECs are becoming more important daily.

– Robert Moen, http://www.energyplanUSA.com

August 20, 2009 gofer writes:

Air is kinda hard to trace and keep track of since it’s never in the same place. I’ve would have never believed the govt. would actually figure out a way to tax air. It’s the most enraging thing that I’ve ever experienced. These people are crazy!

August 20, 2009 BrakeBlog - Worthless Carbon Credits writes:

[...] After the Cap and Tax system was setup in the UK, organized crime quickly figured out how they could game the system. Not to mention people like Al Gore that set the odds and own the system, the house always wins. [...]

August 21, 2009 joe, new york writes:

I think you are drawing an incredibly unfair comparison here while attempting to vilify cap-and-trade as unique in being exposed to fraudulent activity. Any new commodities market or financial market in general (like, say, the MBS market) can be exposed to this type of activity while regulatory bodies learn best practice for imposing oversight. I may also remind you that cap-and-trade has existed for NOx & SO2 (so your claim that carbon credits are “unlike every other real commodity on the planet” is false) in the United States for over a decade and has been very successful and fraud free. Backing up your claims with fact next time might help strengthen your argument.

August 21, 2009 Linda Carlsbad, CA writes:

You must be kidding, our government is so bent on us having cap & trade, why? They have already made deals with their big supporters. They will all get richer over us being taxed to death.This whole cap & trade is a joke. It is another way to control the American People! After they impose so much on us, where are the takes going to come from, we won’t have to pay taxes, you don’t pay taxes if you have no income! Of course Chicago Politics aren’t being played in our country!

August 21, 2009 Dave Chelsea, MI writes:

Hey, Joe —- Read the versions of Cap & Trade currently being debated. Then, after having read them, detail to all copied herein how well you think the Government is going to do ensuring proper oversight, and whether or not you think the moneychanges will benefit from this approach to taxing energy…..with no material impact to GHGs……

August 21, 2009 Lebo, florida writes:

God, what a bunch of Sheep we have collectively become.

Is there anyone left on this planet capable of critical thought?

As Liddy used to say; “O ye Suckers.”

Let me know how that “Change you could believe in” is working out for you.

Can you spell “Banana Republic”? Better learn how cause we are living there now.

Does anybody inside the beltway really believe in any of this chit they are pushing down our throats?

YGTBSM

LOL

August 21, 2009 CJ Oakwood IL writes:

THe obama support of C and T suprises anyone?????????? He is from Chicago!!!!!!!!!!!! Where corruption and organized crime has been perfected!!!!!!!!!!!!!!!! This administration makes the Clinton group look like First Graders!

August 21, 2009 Char, Oklahoma writes:

Cap and Trade sounds perfect for all the Chicago Hoodlums Obama has brought with him to Chicago!

August 21, 2009 Tim Az writes:

Cap and Trade is the perfect example of the CHicago Way. The Gangsters have taken over DC.

August 21, 2009 Ed -Virginia writes:

“CAP & TRADE” ????

Hell, back in 1990, the Government seized the Mustang Ranch brothel in Nevada for tax evasion and, as required by law, tried to run it. They failed and it closed. Now we are trusting the economy of our country, our banking system, our auto industry and possibly our very air we breathe plus health plans to the same nit-wits who couldn’t make money running a ___ and selling whiskey!”

August 21, 2009 Diana Graham, Miami FL writes:

Carbon trading IS fraud! Let’s face it it is trading in n o t h i n g.
I now understand the fairy tale “The Emporer’s New Clothes” in an entirely different way.

August 21, 2009 Lynn B. DeSpain writes:

If it has to do with Crime, if it has to do with Dictators, if it has to do with Socialism, if it has to do with Fascism, then Obama is your man!
Hozro

August 22, 2009 Ray Anderson writes:

As a farmer one would assume I would be in a good position on carbon credits, but watch them tack a portion of the manufactoring costs on me. No one will be exempt.

August 22, 2009 JAS, Atlanta writes:

Madoff is sorry he didn’t think of this scheme first. Too bad the taxpayers will have to pay for the carbon-credit derivative trades, and still have to breathe the same amount of CO2.

August 22, 2009 George Buss, Bowie MD writes:

This cap and tax is somewhat interesting. The POTUS is even now out on Marthas Vineyard receiving his instructions on how to take the next step ie ramp up the war in the middle east into worldwide general conflict required to bring the USA out of the ‘recession’.

August 24, 2009 Interglacial John writes:

this entire global warming claim is a scam. anyone surprised that criminals are involved needs to read more. the ministry of disinformation has been very busy and is growing daily.

August 25, 2009 AMT writes:

I’m just waiting for the government to start taxing the ocean because it releases, by far the most CO2. I still can’t believe there are people that believe a natural gas is a pollutant! If it were not for CO2 we, and all plant life would be dead. Maybe the next pollutant will be water.