Hey, meet Grandpa Soros, the dude who bankrolled the current administration into power and took it from “shadow party” to the party in power. Now, I find this article fascinating for several reasons: A. it’s Canadian B. It cites some pretty heavy and respectable articles and writers and C. it makes me think perhaps I’m not alarmist enough because the tone is a bit more nail-biting than I tend to promote but if all this is true…man. We’re talking true New World Order kind of stuff here. Ruler of the world stuff, headquartered at the UN. Freak. E.
I was prompted to find something on our favorite self-loathing capitalist who hates capitalism, purveyor of the belief that humanity should feel collective guilt because of (insert social/environmental cause here) who feels no guilt himself yet wants to be “the conscience of the world,” and man who allegedly single-handedly caused a housing bubble (and burst) in England, because of his involvement in MoveOn.org and their promotion of the recent environmental brouhaha starting up again (no doubt just in time for a revisitation of Cap and Trade and in preparation for the 2010 elections because something has to counter the fiasco that is ObamaCare).
And I’m just annoyed today at how people are used and manipulated into believing and doing some pretty destructive stuff.
Also, Soros, you may notice, is quite powerful. So if I get disappeared don’t be surprised. (kinda joking there given what i’m sure is the massive following I have. but only kinda …)
here’s the cap and tax thing I wrote back in August again because I think the link was redirected to google or some such nonsense so it’s timely to post again. Older articles but still worthwhile. It’s all coming down soon…[UPDATE: Maybe not. Sweet.]
Cap and Trade and tax evasion
With the Senate expected to begin it’s assessment of the American Clean Energy and Security Act (H.R. 2454) – sometimes called the Waxman-Markey cap and trade bill; other times referred to as “cap and tax” — Dan Mitchell, a fellow at the libertarian-leaning Cato Institute in Washington DC, was quoted in the Aug. 19th edition of the Wall Street Journal as being skeptical of the Obama administration’s plans to develop a “clean energy bank” – essentially another bureaucratic oversight office included in the legislation (think Fannie Mae and Freddie Mac but in the energy Department) dedicated to financing “as much as $500 billion of clean-energy projects.”
“There is no way to determine whether such a program will be a little mistake or a big mistake,” said Dan Mitchell, a fellow at the Cato Institute, a libertarian think tank. “But it will be bad news for the economy.”
So Mitchell doesn’t even offer the option that The Clean Energy Deployment Administration (CEDA) – as it will be called – will offer anything but another blow to an American economy fighting to stay on it’s feet. How? By being in the loan offering and guaranteeing game for technology that is often untested and often (the article mentions solar, wind and geothermal technologies specifically) unprofitable. Which begs the question – during these troubling economic times, can the American economy, and by extension the American consumer, risk investing in something that does not guarantee a return? This is not to suggest that examining and developing these technologies is a waste of time. On the contrary, they should be developed and tested and made available to the consumer – by the market.
Even more troubling, the loans guaranteed by the CEDA will be included in the federal budget – unlike Fannie Mae and Freddie Mac, which actually led to some of the oversight problems they had when Congress failed to notice what was going on with the troubled companies. But including the energy loans in the federal budget means Congress is acting – well, like the market. And that’s really what this is all about. And as noted in the WSJ article:
“Government specifically does not have the skills to allocate capital,” said Mike Eckhart, the president of the American Council on Renewable Energy. He says that a market-based system works because “skilled people” compete for resources “hour by hour.” He says “that function cannot be replaced by a few dozen people in a building in Washington.”
As the Federal government continues on its quest to replace the efficiency of the market-based economy – just look at the automotive and healthcare sectors for proof – with something run by the notoriously inefficient public sector – they’re even telling the banks to go away which makes one wonder how exactly they plan on financing technology if some of the research and development churns out nothing but non-profitable duds – Americans should begin supporting those representatives who are dedicated to fighting this kind of irresponsible energy policy. Or we may end up with something we haven’t seen since, ironically, the height of Prohibition. But then, from the perspective of government control, it’s really not that ironic after all.
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