Obama: Candidate of the 1 Percent
by Bill Levinson
Originally in the American Thinker
General Carl von Clausewitz warned that artillery is the one weapon that an enterprising adversary could turn against its former owners. Barack Obama’s support for cap and trade allows us to similarly turn his class warfare rhetoric against him.
Senator Kirsten Gillibrand (D-NY), a strong supporter of Obama’s cap-and-trade agenda, has provided us more than ample means to do so. Gillibrand argues in favor of the 21st-century counterpart of indulgence-peddling as follows:
- According to financial experts, carbon permits could quickly become the world’s largest commodities market, growing to as much as $3 trillion by 2020 from just over $100 billion today. With thousands of firms and energy producers buying and selling permits to emit carbon, transaction fees for exchanges and clearing alone could top nearly half a billion dollars.
… An infrastructure is already beginning to form, as entities like the New York Stock Exchange, J.P. Morgan Chase, Goldman Sachs, and the new Green Exchange are developing carbon trading platforms or expanding their environmental trading desks. There are nearly 100 funds already focused on green investments.
Obama, the Best President Wall Street can Buy
Obama is still leading Romney in electoral college votes, 221-170, according to RealClearPolitics.com. Which means that Obama still leads Romney in most of the states that could swing either way.
Nothing else matters in an American presidential election but those electoral college votes. Nothing. It doesn’t matter how popular Obama is compared with Romney. It doesn’t matter if Romney beats Obama in the popular vote. Only the electoral vote counts.
And the election is only 19 weeks away. Unless something happens to reshape the political dynamics of the electoral college vote, Obama will win four more years and it will be the end of the road for Romney. In that case, it would be advisable for the Republicans to get control of both houses of the US Congress. But even that is questionable. And even so, I’m not certain the Republicans would have the guts to impeach Obama and remove him from office by majority vote of the Senate as well as the House of Representatives.
Remember this warning.
Arnold Harris
Mount Horeb WI