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  • Morning Bell: The Hugo Chavez Case for Cap and Trade

    This morning while President Barack Obama addressed the United Nations Climate Change Conference, his allies were busy trying to shield him of the political fallout from the conference’s apparent failure to produce anything substantial. Throughout the conference, one of the biggest obstacles to an agreement was the insistence of developing nations that rich countries sign a binding treaty that included a large transfer of wealth to the developing world. If there were any doubts that wealth distribution was at the heart of climate cap-and-trade agreements, President of the Bolivarian Republic of Venezuela Hugo Chavez put them to rest when he delivered his anti-capitalist diatribe that drew thunderous applause from the convention’s delegates Wednesday:

    One could say, Mr. President, that a ghost is haunting Copenhagen, to paraphrase Karl Marx, the great Karl Marx, a ghost is haunting the streets of Copenhagen, and I think that ghost walks silently through this room, walking around among us, through the halls, out below, it rises, this ghost is a terrible ghost almost nobody wants to mention it: Capitalism is the ghost, almost nobody wants to mention it. It’s capitalism, the people roar, out there, hear them.

    Socialism, the other ghost Karl Marx spoke about, which walks here too, rather it is like a counter-ghost. Socialism, this is the direction, this is the path to save the planet, I don’t have the least doubt.

    And yesterday’s Wall Street Journal reported on a case study in how international cap and trade facilitates just the type of wealth distribution Chavez and his allies are fighting for:

    The Kyoto Protocol of 1997 required signatories to reduce their carbon emissions, and the European Union in 2005 launched its own cap-and-trade system. The program sets a limit on carbon emissions, and companies are issued free carbon allowances that they can buy or sell based on their emissions needs. … Fast forward to this month’s news that Corus, Europe’s second-largest steel producer, is shuttering a giant U.K. steelmaking plant at Redcar, cutting 1,700 jobs. … By closing Redcar’s annual capacity of three million tons of steel, Corus will produce six million fewer tons of CO2. That means more carbon allowances, which could translate into about $300 million a year if credits hit $50. Corus is essentially being paid to lay off British workers.

    As part of Kyoto, the United Nations created the Clean Development Mechanism to encourage Western companies to invest in developing-world factories. Participants are financially rewarded based on the amount of carbon they “save” with more efficient plants. … Were Corus to move production to a “clean” Indian factory, it could receive hundreds of millions of dollars annually from the Clean Development Fund. The kicker is that none of this results in fewer carbon emissions. A Corus plant in India might be more efficient by Indian standards, but it will be no more efficient than Redcar.

    We should add that all of this is precisely what Kyoto envisioned. … Cap and trade is a scheme that would impose heavy carbon taxes and allowances on U.S. industries, which would then have an incentive to move overseas themselves, or to sell those allowances to overseas companies that could use them to become more competitive against U.S. companies. Like the 1,700 Brits at Redcar, American workers would be the big losers.

    Yesterday, Secretary of State Hillary Clinton pledged that the United States would help mobilize $100 billion a year in climate change aid for developing nations. A senior Obama administration aid tells The Washington Post that 20% – 30% of this fund is expected to come from the United States with one of the funding sources being revenues from a cap-and-trade energy tax scheme. Also in the Post today, a new poll shows that 57% of Americans oppose any treaty that would force the United States and other industrialized countries to pay developing countries $10 billion a year to reduce greenhouse gasses.

    Americans do not like wealth distribution within their own nation. It should be no surprise that they look even less kindly on President Barack Obama’s efforts to redistribute our jobs and wealth overseas, too.

    Quick Hits:

    • Despite still promising passage of Obamacare by Christmas, Senate Majority Leader Harry Reid (D-NV) still does not have actual legislative text for the bill, let alone a Congressional Budget Office score of the bill.
    • Citing taxpayer funding for abortion, Medicaid expansion bankrupting state budgets, and tax increases on all Americans, Sen. Ben Nelson (D-NE) told a Nebraska radio station he would vote with conservatives to filibuster Obamacare.
    • Despite a 10% unemployment rate, the spending bills passed by Congress this week increase federal worker pay by 2%, raising average federal worker pay to a little over $71,000 while private-sector workers earn only $50,028 on average.
    • According to Rasmussen Reports, 66% of U.S. voters prefer a smaller government with fewer services and lower taxes over a more active government with more services and higher taxes.
    • While the Obama administration awarded $2 billion to an Al Gore connected plug-in hybrid car company, an Energy Department-funded analysis by the National Research Council shows that plug-in electric hybrid vehicles probably will not produce significant savings in either greenhouse gas emissions or fuel consumption for at least another two decades — even with massive government subsidies.
    Posted in Ongoing Priorities [slideshow_deploy]

    35 Responses to Morning Bell: The Hugo Chavez Case for Cap and Trade

    1. Stirling, Huntingdon says:

      This administration and president are just doing what obama did on his "apology to the world tour," earilier this year (which failed misserably). We are just doing it with pledging money now. It's the global payoff hoping the rest of the world will look at us differently if we are giving back all of the wealth from working harder then the rest of the world for the past 100+ years. This is just appauling to see America being put down by our own elected officals, and sold out to whims of 3rd world dictators.

    2. tina frost says:

      If Clinton wants to give them her own money fine. They have done a job on the tax payers-enough already. Climategate-Hillary-do you hear that! DO NOT spend any more of our money on ridiculous projects. Maybe she's going to get it from Georgie?

    3. ebk, Pa. says:

      When I look back at the times when Bethlehem Steel and The New Jersey Zinc were asked by EPA to reduce their emissions, they didn't have another source of money to pay for those corrections other than borrow the money, make the corrections and repay their debt. Why then must we the USA pay their bills for them to correct their problems. By the way, we as a country are basically broke, so where do Clinton and Obama expect us to get the money. They must be living in a different world.

    4. Whicket Williams Kin says:

      Seems to me that the thing for any thinking person to do is leave the united states, go to one of these places where the money and jobs are going, so that they can live without being controlled by high taxes and fines everywhere. We will pour out of here like people fleeing communist Russia.

    5. Rob Baker, Park City says:

      Thank god for the email whistle blower. Single handedly (or with help from who knows?) this freedom fighter brought down the entire hocus Copis sham!

    6. Debbie, American in says:

      Does Mr. Hugo Chavez still 'CAPITILIZE" on profits from Citgo? Does he "CAPITILIZE" in any way from the evil empire the United States. He should not be allowed to make one penny off of the evil empire of America. If Mr. Chavez and all the other elitists want to send money to developing countries they should send it from their own massive wealth and leave Americans alone. Mr. Chavez, Mr. Soros, Mr. Bill Gates…why don't you downsize massively and give your money to developing countries. I am an American living in Italy and am amazed how expensive goods are here in this country and throughout Europe. One has to pay for absolutely everything here, you cannot even get a free glass of water at a restaurant and we are now used to paying to use a bathroom. If Americans had to live under these conditions they would revolt. Also,since utilities are so expensive just about everyone hangs clothing outside to dry, even in the winter. My suggestion is to all the Americans who want to live under a socialist system, please come live on the European economy for just 2 months. We have the benefit of being able to shop on the "evil" capitalist American economy via the internet otherwise we could not survive here. We do not eat out at restaurants because 112.00 for pizza for a family of 5 is just too expensive. Wake up America…

    7. John Pummell, Alexan says:

      Is it so surprising to hear that the gathered elite in Copenhagen greeted Hugo Chavez' ode to Marx with thunderous applause? Tells us everything we need to know about the collective "wisdom" of the EU and others and why they detest the United States so much. It may also explain why President Obama won the Nobel Peace Prize–he's a Leftist at heart and the Nobel committee wants to encourage his socialist tendencies.

    8. dan l. fisher says:


    9. Alison Robinson, Mtn says:

      Everyone HAS to understand one thing: Obama is not in any way trying to /hide/ his socialist

      (as we call it, but not as he calls it) ideals.

      He is very open about it. We should not write articles from the viewpoint that we are revealing something about him to anyone.

      He is very comfortable among the Copenhagen crowd,

      and he does not hide this.

    10. Ron Derry NH says:

      I am so relieved to finally know that the socialists are in power world wide and are poised to confine a world divided by individual thought and personal search for truth to one that uses the all embracing political tactics of fear, lies and half truths to insure the elite remain strong and at the top of all family decisions and world ideas.

      We will be so better off having a boys club of global controllers insuring our every need as we plot out our existence by what little facts and resources they allow us to use while they bask in the glories they have preserved for themselves and their elite friends.

      For a while there I had thought the world economic upheaval would disrupt the flow of money and individual self worth from getting to the greedy top percentile but Obama and the new world leaders are insuring that the flow of money is firmly planted in scripture to insure that the poor stay poor and that the middle class can never cross the lines that are firmly constructed as financial barriers to all un elite club members or political allies.

      Socialism's chains of restrictions, mandates, and perceived fairness to insure the masses get only what the elite say they deserve is applauded world wide because it sustains the boys club of superiority that will lie, cheat and steal to stay in power and flies in the face of Americanism which stood for individual self advancement to an unlimited degree….something no elitist or socialist wants.

      Obama and his henchmen have insured, with the debt and now the obedience to the tenants of Marxism, that the rich will stay rich and every one else will pay for them to lord over us all.

      Americans that voted for him should be ashamed of what they are setting their children up for, yet the world applauds the little tyrant who has sold off America with debt to insure government coerced power over rides self gained worth.

      I can see why Chavaz adores our new oppressor. He protects the rich that he approves of in the same way and destroys anybody else from gaining any survivable advantage over government imposed idealism.

    11. Roy Callahan, Gaines says:

      Roy G. Callahan, USN, Ret.

      1529 NW 143rd Street

      Gainesville, Florida 32606

      Tel: (352) 332-9144

      Fax: (352) 332-9144


      Friday, December 18, 2009

      Senator George S LeMieux

      356 Russell Senate Office Building

      Washington, D.C. 20510

      Dear Senator LeMieux:

      I just learned you were one of twenty signatories on a letter to the Chairman of the Senate Armed Services Committee, Senator Carl Levin (D-Mich) demanding an investigation into a report that the Obama Administration threatened to close Offutt Air Force Base in Nebraska because Senator Ben Nelson balked at voting yes for Health Care/Insurance Reform. I appreciate and applaud your effort.

      The Base Realignment and Closure Process (BRAC) program was established to remove political influence from base closures and insure the decision to close or not close a military installation is based on military utility. I support this concept. National defense should not be a partisan issue so I lament the fact the Obama administration has turned it into one to get its way on other issues.

      President Obama and his minions are known liars and scallywags. Mr. Pfeiffer, the White House Communications director lied when he said, "This is nothing but a cynical, crass political game that is designed to maintain the status quo.. Let's be clear: the people spreading these falsehoods think nothing is wrong with a system under which families and businesses continue to bear the brunt of skyrocketing costs, insurance companies are allowed to discriminate and drop at will, and thousands of Americans lose their coverage every single day." If anything crass is going on it’s the lies flowing out of Commissar Obama’s and his minion’s mouths. If this is leadership by example, it is small wonder this country is in trouble.

      I have understood the threat that creeping socialism by stealth poses to this country since the early 1970s when my two youngest children entered public school and I attended and graduated from the University of Florida. Over time the danger to American liberty from within is has become as great as the danger from without, especially since President Obama’s inauguration with a communist democrat majority. It is obvious his administration is on a course to destroy this country’s founding principles and I object.

      Like millions of other Americans, I refuse to accept Commissar Obama’s assertion that our Constitution grants negative rights. Quite the contrary, the only thing the Constitution limits is the power and scope of government.

      Therefore, I hope yours and others effort in this matter is the first of many “baby steps” designed to stop the ongoing corruption and ultimately replacing the rule of man with the rule of law. Millions of Americans stand with you. If you cannot solve this problem millions of Americans, will take it out of your hands and solve it for you. I hope you do not disappoint us.

      Yours in the Bill of Rights,

      Roy G. Callahan

      Copy to: Florida politicians et al

    12. Moose, Spring, Texas says:

      The funniest part about the Kyoto Protocol of 1997 is that the United States is the only nation in the world that actually reduced emmissions based upon the Kyoto plan even though it wasn't a signatory. I would like to ask Hugo Chavez, how did Venezuela do? Or should I ask, since Venezuela is a dictatorship, how did Hugo Chavez do?

    13. Joan Sarasota FL. says:

      If The Tea Party Group would announce that if they were elected they would do away with all the perks these clowns in goverment get such as there retirement pay and insurance and the countless other things they have given themselves over the years they would win the election. Why should they live off the rest of us, when most of them have millions. Also term limits is a must. We need tea party people running for every office across America.

    14. Jonathan Seid, Willi says:

      When Socialist demagogues like Mr. Chavez invoke ghosts, I smile because, like the Church(es), they too, invoke ghosts, i.e. Holy Ghost, Holy Spirit; and the world can judge them for the Dark Ages, Crusades, Witch Trials and other plagues on Humanity that History depicts.

      It is through the Creativity of Capitalism freeing Men and Women to build and improve, to discover and invent, knowing that they can improve their lives and those of their neighbors and family and friends.

      What is damnable of these Socialists and the Blind Minds of Religious Zealots, is the tyranny over a man's mind, the denying of his Right to Profit from his effort and the censorship of his individuality.

      May men and women like Mr. Chavez meet their demise sooner, than later.

      Take the time and review the photographs of Divided Berlin…those days before the Wall came down. To the East, see the result of Socialism. To the West, see the result of Capitalism. As I recall, thousands left the East for the West. There's the world of Mr. Chavez and his like minded admirers want for us. Sic Semper Tyrannis.

    15. Richard Cancemi, Arl says:

      Before it is too late, the American People must wake up to the fact that Progressive Marxism is running rampant in this Country and in the other Countries that make up the United Nations.

      Obama is dedicated to serving the Cause of Progressivism as are all those who are working along with him and America be damned!

      The USA as established by our Founding Fathers means 'nothing' to them. It is a source of unending wealth (they think) to be exploited for the 'Greater Good' of Socialism as they see it.

      They are all blind devotees to Globalism, a One World governed by them to dictate to and control peoples lives. People are not individuals of value; they are 'pawns' to be used for their devilish purposes.

      True Liberty for the People lies in the opposite direction, a LIMITED GOVERNMENT controlled by the People!

      We must dispossess Obama, Pelosi, Reid and ALL the others, including the UN, from any control over us, In fact the best first step would be for the USA to renounce that anti-American establishment.

      We must reclaim our Country for our future generations to enjoy true freedom and opportunity. We will not succeed if the far Left is not kicked out in the 2010 elections and then again in 2012.

      We need to wake up to reality!

    16. Bob Veigel Arlington says:

      It is hard for me to understand why anything that Obama says should be a surprise. This evil, stupid, nation destroying, ignorant, incompetent and un-American piece of trash is more dangerous to America than any enemy we are facing. Wake-up Americans before it is too late.

    17. Rick, Missouri says:

      Under Reagan, the U S delegation would have walked out when they attacked capitalism. Republicans must join the Tea Party or die.

    18. LouEsc, San Bernardi says:

      Exposed: Obama on Cap and Trade.

      If you want to understand there thinking and agenda behind Cap and Trade. Then you need to here Obama explain it then you will understand there true intentions.


    19. John Pummell, Alexan says:

      May I respond to your comment, Mr. Jonathan Seid? An indepth study of the history of ideas reveals that not only were our founders far more religious as a group than our current leaders, but the founding documents of our republic are grounded in Judeo-Christian principles. Please don't lump religious conservatives with the likes of Hugo Chavez. We're not necessarily "inquisitors" just because we invoke God.

    20. Ben C, Ann Arbor says:

      Thank you Debbie for your comments about Italy.

      As for the Copenahgen fiasco ask Peter Spencer in Australia about his feeling concerning the Kyoto agreement his country signed. Peter is on a hunger strike until either 1) he dies, or 2) Australia listens to the farmers and reverse the governmental influence on farms. Peter can no longer farm and his landf is now worthless because his government decided it needed to be in a natural state to help reduce CO2 levels. Peter has battled this for ten years and now has placed his life on the line. This is in Australia folks,- the EPA can do the same to us if it chooses. I love my country – I fear my government.

    21. joan, connecticut says:

      I will vote, for any true tea party member, that runs for elective office. It is time for patriotic Americans, to take charge of their lives and bring America back from the Socialistic agenda of Washington. In the next election, we must oust the political elite, who seem determined to ruin America. This Great country, is a Republic with a Constitution that has guided our way for over the course of many years, but President Obama, who swore to protect and defend that same document, has stated it is outdated and filled with negatives. Has he forgotten the oath of office, he took last January to protect and defend that same document? It certainly seems so. We The PEOPLE DO NOT WANT ANYONE TO TRASH The Constitution. Many men and women died defending it, and their sacrifices allow us to live our lives in freedom. Washington, wants to insert itself in every aspect of the way we live that life, and in reading the Constitution, I have not found any clause that gives Government that right. Our only hope, is the spirit of the American people, and the Tea Party patriots, telling their elected Senators and House members by e-mail, phone calls and in person, just how much we dislike the current move toward Socialism. If they don't listen, then vote them out. That's a power we have and we have to use it. Term Limits, are necessary to stop the cronyism that exists in politics today. It harbors greed and corruption.

    22. Pingback: Obama Sells BS at Nopenhagen Climategate Denying Summit; A Global Snow Job… « VotingFemale Speaks!

    23. Wallyblu, Zion, IL says:

      Since increasing population is one of the causes of increased CO2 emissions, let's agree to the transfer of wealth to emerging nations. Let's also reduce the transfer by $10,000 for every birth in the developing countries. Let's see how that goes over with the socialists.

    24. Pingback: Your Tax Dollars To Dictators

    25. Jeff C, Rehoboth says:

      For once I have to disagree:

      The article mentions "the conference’s apparent failure to produce anything substantial."

      You're clearly forgetting about the meeting's carbon footprint.

      Quite substantial IMO.

    26. Pingback: Hugo Chavez: An Honest Man. | People's Press Collective Beta

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    28. Blair Franconia, NH says:

      I have a pop quiz for Obama and his henchmen. Who, Mr. President, Mr. Axelrod, said the following: "From each according to his ability, to each according to his needs"?

      A. Hugo Chavez

      B. Mao Zedong

      C. Lula Da Silva

      D. Fidel Castro

      E. Karl Marx

      F. Groucho Marx

      G. Saul Alinsky

      H. All of the above

      The correct answer to this multiple choice pop quiz is, (drumroll, please), E, Karl Marx. Here's a bonus question: Where is it from? The answer is: The Communist Manifesto, Comrade President.

    29. TIM K COUNCIL BLUFFS says:

      IMPEACH OBAMA NOW! http://www.impeachobamacampaign.com/ DO IT RIGHT NOW! … Please Sign to Impeach Obama, http://www.impeachobamacampaign.com/

    30. Ken Jarvis - Las Veg says:

      HF & WSJournal NOW THINK

      Hugo Chavez

      IS A GOOD GUY.

      They will team with anyone

      to say BAD about Obama.

    31. Jim U.- New Haven says:

      What the H… is happening to this country??? How can we eve consider sending billions to a fradulent cause when we are on the verge of bankruptcy as our president has warned us? If congress doesn't squelch any agreements that Obama and Clinton have made, we have to get rid of all of them. Icidentally, where are the Ken Jarvises et al who normally spew the liberal line in these comments to HF postings??? Are they finally seeing the light???

    32. jim toledo says:

      It just amazes me how the system works; the dictaors live lavish lifestyles and the folks under them have little or nothing. They try to exhort monies to keep their lifestyles and this administration supports it by offering up 100 Billion, for what? Nothing will change other than those that get the money will live even better. I don't know if we've become so stupid or if we are just trying to buy some 'love'. It just sure doesn't make any sense to continue this absurd behavior.

    33. Jeanne Stotler, Wood says:

      First under what authority does Hillary have to give OUR MONEY away, second Obama cannot agree without approval of 2/3rds of the Senate. If he does this and does not get approval, like he thumbed his nose at OUR country accepting the peace medal contrary to rules, he needs to be impeached, a possibility after 2010 elections,What we need to keep in mind that this can not be done if we don't vote, and encourage others to vote. the first shots of the "NEW REVOLUTION" have been fired (Nov.09) the next battle will begin after the holidays climaxing Nov.2010 on Election Day. Pray for Our Country and Vote, bring 2 more with you when you do, if we all do this we will prevail. GOD BLESS AMERICA and it's conservative base.

    34. Shannon Amelia oh says:

      So much for his campaign promise to create and save jobs. Wow wait on second thought I quess creating jobs in foreign countries on Americans backs and tax dollars counts towartds job creation to an out right socialist president. So thanks for nothing Mr President, Mrs secretary of state, and Ms Peloskavich.

    35. Pingback: Fausta’s Blog » Blog Archive » The Christmas Week Carnival of Latin America and the Caribbean

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