The Power Of The Media

The National Review posted an article today by Ramesh Ponnuru at The Corner.  The article deals with the Democrat presidential candidates and their stand on implementing a carbon tax.

The article states:

During last week’s climate town halls, several Democratic presidential candidates endorsed a carbon tax. It’s an idea Barack Obama and Hillary Clinton shied away from.

The article quotes an article the author posted at Bloomberg yesterday:

When considering that number, keep in mind another poll finding. In November 2018, the AP-NORC Center for Public Affairs Research ran a survey about climate change that found, in line with other polls, that most Americans believe it is happening and that human activity is causing it. Nearly half of respondents said that recent extreme weather events had influenced their thinking on the issue. But 68 percent opposed paying even $10 extra in their monthly utility bills to address the issue.

It is a sad commentary on the intellect of Americans that they believe human activity is responsible for climate change. A little research reveals that man is simply not important enough to impact the climate. However, the media has been pushing this theory for years.

Carbon credits were another idea previously suggested to curb Americans’ energy use. The outcome of that debate is a good illustration that the end game here is not the climate. In November 2010 I posted an article that shed some light on what carbon credits are really about.

The article reported:

Yesterday the National Review Online reported that 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.

According to the article:

“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.”

Many of our leading Congressmen have investments in CCX.  The article points out:

“CCX’s panicked original investors bailed out this spring, unloading the dog and its across-the-pond cousin, the European Climate Exchange (ECX), for $600 million to the New York Stock Exchange-traded Intercontinental Exchange (ICE) – an electronic futures and derivatives platform based in Atlanta and London. (Luckier than the CCX, the ECX continues to exist thanks to the mandatory carbon caps of the Kyoto Protocol.)

“The ECX may soon follow the CCX into oblivion, however – the Kyoto Protocol expires in 2012. No new international treaty is anywhere in sight.”

Does it bother anyone else that the people who will make millions from the implementation of carbon restrictions are the same people who are supporting the legislation?

The CCX ended because Congress did not pass the cap-and-trade legislation the Democrats were sure they could pass. Therefore the Democrats who had invested heavily in the CCX ‘knowing’ that the legislation would pass, lost their money. Investing on the basis of inside knowledge of Congressional action–isn’t that insider trading?

Some of our Congressmen are more interested in lining their own pockets than protecting the rights and interests of the American people they are elected to serve. Unfortunately the mainstream media is following them right off the cliff.