Saturday, May 22, 2010
Washington's Blog recently noted:
James Hansen - the world's leading climate scientist fighting against global warming - told Amy Goodman in December,, 2009 that cap and trade not only won't reduce emissions, it may actually increase them... The same companies that made billions off of derivatives and other scams and are now getting bailed out on your dime are going to make billions from carbon trading... Many of these bankers enjoyed influence in and contributed generously to the Obama campaign. Now it remains to be seen if a President Obama can stand up to these same bankers and persuade or compel them to act responsibly.... One the largest boosters for cap and trade invented credit default swaps - which were supposed to increase financial stability, but instead were a large part of the reason that the world economy crashed last year.
When you buy into global warming, you buy into cap and trade -
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