Cap and Trade is Dead!
MISH reports "After a decade of hype over what amounts to nothing more than a fraudelent taxpayer ripoff, Cap-and-Trade is about to turn into a pumpkin. Glen Beck did not even notice."
"Global warming-inspired cap and trade has been one of the most stridently debated policy controversies of the past 15 years. But it is dying a quiet death. In a little reported move, the Chicago Climate Exchange (CCX) announced on Oct. 21 that it will be ending carbon trading - the only purpose for which it was founded - this year."
Further, "The CCX seemed to have a lock on success. Not only was a young Barack Obama a board member of the Joyce Foundation that funded the fledgling CCX, but over the years it attracted such big name climate investors as Goldman Sachs and Al Gore's Generation Investment Management."
"But a funny thing happened on the way to the CCX's highly anticipated looting of taxpayers and consumers -- cap-and-trade imploded following its high water mark of the House passage of the Waxman-Markey bill. With ongoing economic recession, Climategate, and the tea party movement, what once seemed like a certainty became anything but."...
A great read if you have the time! Notice the liberal media, and the media in general did not report this to the American people, something as land mark and a colossal defeat for the secular elitist who were imposing their socialist engineering on the world! I may go buy a cigar and celebrate by ever so slowly blowing a cloud of greenhouse gases into the air!
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