
Thumbs have turned down for Al Gore’s financial fortunes.
“A lie gets halfway around the world before the truth has a chance to get its pants on.”
Both Al Gore and Barack Obama will burn in hell for implementing a tax on the American people that will do absolutely nothing to stop global warming or climate change.
The government subsidized junk science of climate computer models is being used to needlessly alarm people that man is the primary cause of the global warming by his emissions of carbon dioxide into the atmosphere.
These climate computer models have been found wanting when compared to actual empirical observations from satellite data sets of global temperatures:
Carbon dioxide is not a pollutant.
Global warming or climate change is natural and not man-made.
Global warming or climate change is unstoppable.
Yet the global warming alarmists including Al Gore and President Barack Obama want to tax all Americans by setting up a cap and trade tax for carbon dioxide emissions.
Apparently neither Al Gore’s or Barack Obama’s parents explained to them when they were children that you cannot change the weather.
If they had learned that lesson, they would not now be wasting people’s time and money to try to change climate.
Both Al Gore and President Barack Obama are deliberately planning to wreck the US economy and destroy jobs by increasing taxes that will impact every American who uses electricity, heating oil, and gasoline.
What foreign powers are paying these guys?
Curious Americans would like to know who and when these guys were recruited.
Which country benefits the most–Russia, Iran, Saudi Arabia, China?
In the middle of a recession to propose a new and highly questionable cap and trade carbon dioxide tax that would impact all Americans is the height of arrogance, ignorance and folly.
The radical socialist cap and trade carbon tax reminds me of Mao’s Great Leap Forward that was an utter failure that killed an estimated 30 to 70 million people mostly from starvation over a three year period:
God save America from the radical socialist fanatics.
“A fanatic is one who can’t change his mind and won’t change the subject.”
Join the Second American Revolution:
“…The debate is heating up: Impose a nationwide carbon tax or implement a cap-and-trade system to curb carbon dioxide emissions?
Reforming America’s energy policies has become a major concern for businesses and the public alike. With economic and environmental factors in fierce contention among many, finding a comprehensive strategy may seem like a daunting task. Currently, the two prevailing options are either a cap-and-trade system, such as the one currently favored by the European Union, or a carbon emissions tax. Both raise the price for carbon and provide economic incentives to lower emission rates, but supporters of each policy seem deadlocked by opposing arguments.
Unraveling the debate in this framework may be more important than ever before, as United States energy policy appears likely to move forward one path or the other.*
The cap-and-trade strategy is considered a more market-driven approach to handling America’s carbon dioxide output. As the Environmental Protection Agency (EPA) explains, under this system the government sets an overall emissions cap while creating allowances that enable businesses to emit a given amount. The allowances can be traded, so companies that reduce their emissions can sell surplus allowances to those who would have to pay to comply. In theory, this method allows companies to achieve their maximum allowable output at the lowest cost.
This approach has gained support in Congress and from the Obama administration, with cap-and-trade provisions appearing in the latest federal budget proposal.
Under President Barack Obama’s 2010 budget plan, the government would auction off all emission credits, generating as much as $650 billion in cumulative government revenue between 2012 and 2020, both the New York Times and the Wall Street Journal report (subscription required). The government would then allocate $65 billion from the auction revenue for emission credits toward middle-income tax cuts, as well as $15 billion in funding for “clean air” technologies. …”
“…Meanwhile, the political class loves a cap-and-trade tax because it gives them new economic and political power. Congress would create a new property right to expend CO2, setting a price per ton on carbon output, and then Congress would also get to determine the distribution of allowances. The Administration wants all of them to be auctioned off, which is what creates the giant revenue windfall. The politicians would then decide how to spend all of that new “climate revenue.”
Mr. Obama’s budget proposes to spend this windfall on two items: $15 billion a year in more subsidies for alternative fuels, and $65 billion or so a year to finance tax subsidies for workers, many of whom don’t pay income taxes. In other words, once this cap-and-trade tax is on the books, the revenue stream will create political constituencies that depend on it.
No new pot of gold goes uncontested, however, so you can assume that Mr. Obama’s priorities will not go unchallenged. Already on Capitol Hill, Charlie Rangel’s tax committee and Henry Waxman’s energy clan are feuding about who gets to divvy up the spoils. Not to mention who gets the political control that will become a source of tens of millions in new campaign contributions from thousands of affected businesses.
By the way, the Congressional Budget Office estimates that cap-and-trade taxes would actually throw off as much as $300 billion every year — not merely $78.7 billion — and in a footnote the Obama budget implicitly acknowledges that its $645.7 billion estimate is a lowball: “All additional net proceeds will be used to further compensate the public.” No doubt. …”
http://online.wsj.com/article/SB123569802712289113.html

Thumbs have turned down for Al Gore’s financial fortunes.
Times are tough and the Goracle’s nascent media empire – built around the Current cable TV network – and has cancelled plans for a $100,000,000 public stock offering.
“In light of current market conditions, the registrant has determined not to proceed at this time with the public offering,” Current said in an SEC filing. “All activity regarding the proposed public offering has been discontinued.” …”
http://www.ihatethemedia.com/al-gore-media-empire-melting-down-even-faster-than-greenland-glaciers
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