bankrupt (6)

Do you aware what method mr obama is using to destroy our Nation? 

The method he is using is called the "Cloward Piven Strategy". It was "designed" back in 1966 and has been successfully tested in New York City in 1975.

https://www.youtube.com/watch?v=yJCpe-SasC0

If you look at the Big Picture, look at everything obama has said and done - it is not a stretch to understand this at all... it matches 100% to the Cloward Piven Strategy and this cannot be a coincidence it matches 100%.

How can we stop it?

We can stop it by educating every person we know with irrefutable evidence - truth and everything around us, everything that has happened under obama - and strongly encourage them to start writing their Congressman, demanding they defund this entire administration.

This is treason at the highest level folks.

The House holds the purse strings and under the rule of law - the only ones who can stop it in it's tracks.

If you look at the "strategy" the only determining factor of how soon an establishment "fails" and descends into bankruptcy - is how much money it started with and how long it takes to "spend" it...... Obama is spending taxpayer money at a rate of millions a minute.... the US has a lot, but note; last November it was 16 trillion plus deficit - it is 17 trillion plus right now.... only 7 months later. We are quickly running out of time.

If we fail in this, expect this Nation to be bankrupt before the end of mr obama's second term, expect martial law to be declared, UN Troops on the ground here in the US, all of our rights removed, Constitution revoked, all of our earnings redistributed...

Our Nation will be enslaved.

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4063694634?profile=originalSPECIAL NOTE: This was first published at Townhall.com as
"On Earth Day, Let's Waste More Money," and at the Heartland Institute on April 24, 2013, by Marita Noon –– my cohort in exposing President Obama's clean-energy dirt. However, considering additional taxpayer-funded green energy issues have emerged, I'll make be some adjustments as well as updates.

Following Ms. Noon's column I'll be amending our 2012 list of taxpayer-funded green energy failures, of which at that time I had documented 52 (23 bankrupt and 29 troubled) ––  at least $15 billion of green taxpayer money either gone or at risk. With additional research, by the summer of 2013, we may hit a new total of 60, marking the billions burned on Obama's green energy agenda as outrageous! 

                 Americans Bothered By the Way the Government Spends Taxes

Every year, April 15 is tax day, and that day has come and gone –– with most Americans feeling the sting. A while ago, the morning’s news shows featured last minute tax tips and other tax-related information. In case you missed the new poll that was discussed... When asked: “Thinking about paying taxes, which one of the following bothers you the most?” Surprisingly, “What you pay” received the lowest response, while the “Way the government spends taxes” was the highest. “Feeling that some don’t pay fair share” was near the top and “Complexity of system and forms” was near the bottom.” So people understand that it takes money to run the government and generally don’t object to paying their taxes. It is what the government does with that money that frustrates us.

When asked about the way government spends taxes, responders were likely thinking of the green-energy crony-corruption spending on flawed ventures like Solyndra and the, now, fifty-plus other green-energy embarrassments that received taxpayer dollars as a result of President Obama’s 2009 Stimulus Bill (as well as other green-energy funds) that poured nearly $100 billion into the pet projects of his donors.

Solyndra filed for bankruptcy in September 2011. It was just the bellwether; the first of many to come.

A year later Christine Lakatos and I profiled nearly 20 green-energy stimulus-funded companies that had gone bankrupt. The next week, we highlighted the other bookend: “companies/projects that received funding from various loan guarantee programs (LGP), grants, and tax incentives. These are projects that are still functioning, but are facing difficulties.” One of those troubled companies was A123 Systems. One week after our report, A123 filed for bankruptcy. Nearly two months later, A123 waspurchased by a large Chinese auto parts maker that has renamed the lithium-ion battery company B456.

Update: A123/B456’s biggest customer is another company on our troubled list: Fisker Automotive—manufacturer of the $100,000+ electric sports car made in Finland—is now facing bankruptcy itself after efforts to find a Chinese investor “stalled.” And we covered the April 24, 2013 Congressional Hearing: Failing Fisker Auto Finally Faces House Oversight Hearing: Chairman Jordan Exposes Another DOE Junk Loan, Declares, "Fisker should have never received taxpayer money”

Wait. In his 2008 campaign, didn’t Obama promise to “create five million new energy jobs over the next decade––jobs that pay well and can’t be outsourced”? But our taxpayer dollars created jobs in Finland and have benefited a Chinese company—Obamanomics outsourced. No wonder the “way the government spends taxes” tops the list. And most have no idea that the Obama administration is responsible for steering billions of our tax dollars from the stimulus and other clean energy programs to foreign-owned entities, of which big chunk was doled out in the form of free cash via the 1603 stimulus grant program.

But there’s more—new news the poll respondents probably didn’t even know about.

One day after the poll was taken, CNN Money reports: “China’s Suntech Power has put its largest subsidiary into bankruptcy.” What they don’t mention is that China’s Suntech Power benefited from Obama’s 2009 Stimulus Bill—receiving a $2.1 million credit from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit. (Suntech was included in our 2012 “troubled” list.) In her blog, The Green Corruption Files, Lakatos states: “according to the Heritage Foundation, in November 2012, Suntech shed some employees, claiming that it was the ‘U.S. International Trade Commission’s 35.95% tariff on Chinese solar panels that was partially responsible for the 50 impending layoffs at its Arizona production facilities.’” Suntech was even blamed for the Solyndra debacle. In December 2011, The Pittsburgh Tribune-Review reported: “China’s major solar panel companies—whose low-cost products led some American factories to close, helped create the Solyndra controversy, and spawned talk of a trade war—were bankrolled in the United States by the world’s largest investment banks.” Those “investment banks” include some the same ones we have profiled in our previous reports that have deep ties to the Obama campaign and administration, and many green-energy projects that received loans, grants, and special tax breaks representing billions in stimulus money.

Suntech has more interconnections. Arizona’s Mesquite Solar Project, which received $337 million in taxpayer money despite its non-investment grade rating by Fitch, was to be built with Suntech’s solar panels and the power was to be sold to Pacific Gas & Electric—which has strong political presence in Washington, DC, and connections to billions in stimulus funds. California’s PG&E, a company with “an extensive network of former high-ranking employees holding influential positions in government agencies at the federal and state level, has benefited handsomely from government financing of green energy projects.” The most controversial former PG&E employee to hold an influential government post is Cathy Zoi, a former energy analyst for the company, who we profiled in our report on George Soros.

There is much more that can be found in Lakatos' Suntech report.

Another sparsely reported solar-power embarrassment was covered by Fox News on the same day the aforementioned poll was taken. “SoloPower, which makes thin-film solar panels at a new plant in Portland, OR, opened September 27 with an upbeat ribbon-cutting ceremony. Local and state politicians gushed about the company eventually operating four production lines and creating 450 well-paid green jobs.” After its grand opening just months ago, SoloPower’s power is waning: “The first production line was never completed,” and “in January, the company had a round of layoffs.”

This is not a surprise to those of us who watch the green-energy crony-corruption scandal. SoloPower was one of the worst-rated loans. One month before it received a $197 million loan guarantee to “support the retrofit of an existing building to operate a thin-film solar panel manufacturing facility in Portland, OR,” Standard and Poors (S&P) gave SoloPower a credit rating of CCC+.

As uncovered and exposed by Lakatos on April 1st regarding SoloPower, the March 2012, U.S. House of Representatives Committee on Oversight and Government Reform released a report titled “The Department of Energy’s Disastrous Management of Loan Guarantee Programs” which states: “S&P predicted that SoloPower will fail to meet its debt obligations.” DOE emails, released on October 31, 2012, reveal that James McCrea, Senior Credit Advisor at the Loan Programs Office, called SoloPower “a completely uninspiring project.”

Yet, in addition to the $197 million of US taxpayer money SoloPower was given from the DOE through the 1705 LGP, this European firm also received $40 million from Oregon taxpayers. Then in December 2012, “despite unfulfilled job and production promises and signs the Portland solar panel factory was sliding even further behind,” Oregon officials tripled the “taxpayer’s stake,” said the OregonianBusiness Oregon approved a $20 million tax credit for SoloPower—which SoloPower then exchanged for $13.5 million in cash. After a management shake-up, Fox News reports, SoloPower is “trying to raise money by selling some of its equipment through a third party and is attempting to restructure its $197 million federal loan guarantee.”

Update: On April 22, the Oregonian’s headline read: “SoloPower moves to power down Portland factory, gut remaining workforce.”

With the bad credit rating, the “uninspiring” label, and poor performance, why did SoloPower receive federal, state, and city funding—ultimately paid by the taxpayers? Because as the Oversight Committee report states: “What SoloPower lacked in economic value, it made up for in political connections.”

Suntech and SoloPower are just two recent stories; part of a long list of bankrupt and/or “troubled” politically connected green-energy projects.

When President Obama released his FY2014 budget, it included new spending of nearly $1 billion “to support deployment and long-term development in the clean energy industries.” Renewable Energy World appears gleeful. “It’s been said before and it bears repeating that Obama has done more for solar than any previous US President.” And: “The support of the federal government has led to an explosion in the amount of solar across America.” Do you think?

In contrast, Tom Pyle, President of the American Energy Alliance, pointed out that the budget “represents the administration’s desire to double down on bad energy policy.” And, “calls for fast-track permitting for renewables” while never mentioning the Keystone pipeline. Pyle concludes his comments by saying: the President “hopes that the American people will forget the failures of the past four years, higher gasoline prices, skyrocketing electricity rates, bankrupt renewable firms, and billions in wasted taxpayer money on politically connected industries.”

No wonder the “way the government spends taxes” tops the list of taxpayer’s frustrations. Perhaps if “government’s inability to learn from its mistakes” had been on the list, it would have been the number one choice.



                                             OBAMA'S GREEN ENERGY BANKRUPTCIES
                                                               as of May 2013 

Our 2012 Green Alert: taxpayer-funded green energy failures list placed the total at 52 –– 23 bankrupt and 29 troubled, with at least $15 billion of "green" taxpayer money either gone or at risk.
Today I will only be updating our green energy taxpayer-backed bankrupt list, and over the summer I'll be evaluating the 29 projects or firms, which I had documented as having issues: financial, project delays, environmental, corruption probes, and otherwise. This will ensure that we give an honest assessment, tally and dollar amount. But at this point in time, while I can remove a few –– some into the bankrupt column, others are doing worse, and some are doing better –– there are more to add.

We can now remove Suntech out of the troubled category and place them in our bankrupt list. Meanwhile we can't officially add SoloPower and Fisker to our bankrupt list, but we've moved them to our new category: "On the Verge of Going Bust and Bailouts," which includes taxpayer-funded companies that were financially struggling to stay alive, and eventually got "bailed out" (the majority by foreign companies).
Then there is the story of how "America's most storied Fortune 500 corporation, Honeywell, "created a mere 10 jobs with a $25 million grant (to be used by Honeywell's UOP subsidiary to build a biofuels technology demonstration plant in Oahu, Hawaii) under President Obama's economic stimulus program in 2010" –– a cost of $2.5 million per job. And why is the DOE "withholding records on a Wyoming carbon-capture project that snagged almost $10 million in economic stimulus grants from the DOE?" It's undergoing a legal investigation.

Additionally, we can give more data on my list of taxpayer-backed green energy companies that were in distress. One in particular is Bloom Energy, which I had reported received $5 million in taxpayer money, but it was more like $70 million in federal grants and $200 million in funding from the state of California. It turns out that in February of this year, they were "fined for illegally paying employees in pesos."


While GM's Chevy Volt, "the poster child for President Obama's push to electrify America's auto fleet," is still suffering from a poor performance, there is a more positive case to share. This past February, Telsa Motors made an encouraging announcement at an event, "Tesla will pay off our Department of Energy (DOE) loan five years early, twice as fast as required by the original 2010 loan agreement signed by Tesla and the DOE."

This came despite reports that have painted a different scenario and grim future for Telsa. In October 10, 2012: The DOE restructured its loan to Tesla and in December 20, 2012, Market Watch reported, "Tesla will need more loans to stay afloat in 2013." As of late, Forbes noted another key issue; "The problem with putting $465 million of taxpayer money at risk to back Tesla is that producing this particular toy for the rich does absolutely nothing to further the ostensible goals of the program, which are fighting climate change and achieving energy security."

We'll give Telsa the luxury of removing them from our troubled category, but they'll stay on our radar –– after all this is Steve Westly's investment, the Energy Department's buddy, and Obama's "Green bundler with the golden touch." So it shouldn't be too difficult to track.

Our new numbers as of May of 2013 reflect 25 bankrupt, three about to go under, and if we keep those that are having issues the same (at 29), then by the time I complete my new investigative report, the latest taxpayer-funded green energy failure list could hit 60 –– with almost half bust.

What a difference six months makes...

If you are one of those Americans "bothered" by the way our government spends your taxes, then you may want continue reading this post. You'll be able to view the documented details of President Obama's billions in green energy failures, which includes more bankruptcies, billions going overseas, the green jobs gimmicks and expense, plus much more –– visit the Green Corruption Files.
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Question: What is the Cloward-Piven Strategy and is it covertly being employed by President Obama and his allies as a means of destroying this great country of ours?

There is sufficient evidence to prove that President Obama is in fact employing this strategy to destroy the USA as we know it today-You Decide:

“The Cloward-Piven Strategy is a deliberate series of tactics designed to bring a system down in collapse so that a preferred system can be erected in its place. Named after two Columbia University professors, it was actually employed in the early 1970s.  I want to repeat that:  it was actually employed.

This is not your ordinary conspiracy theory.  In this case, we know that the strategy was employed and had some effect.  Namely, by deliberately burdening New York city’s welfare system, they managed to bankrupt the city, which so declared in 1975.

Cloward and Piven, therefore, have made it impossible to take at face value measures which are put forward as being ‘for the poor,’ especially when those plans emerge from people associated with them or their organizations.

Cloward taught at Columbia University for almost five decades.  During his tenure, a certain Obama attended.  Did Obama and Cloward ever interact?  Did Obama ever take any of Cloward’s courses?  No one can prove he didn’t because Obama refuses to allow Columbia to release his transcripts.   In 1982, Piven returned to New York.  Did Obama interact with these two individuals?

In light of the current push for nationalized health care and the nationalization of numerous sectors of American society we have to consider the real possibility that the point of these measures is actually to bring about a national collapse.

I know there is a real horror among some to be associated with anything that smacks of a ‘conspiracy.’  Also, the American people tend to want to give people the benefit of the doubt and operate on the view that people have sincere intentions even when they are sincerely wrong.  What does one do, though, when you are talking about people who have embraced conspiracy, surprise, and manipulation as their actual method?

 “If you lie down with dogs, you wake up with fleas.”

Obama’s connections to organizations like Saul Alinsky’s Industrial Areas Foundation are well known.  The circles he has been running in for the last three decades ensure that he is at least conversant on the topic of the Cloward-Piven strategy (which was inspired by Alinsky, itself).  How do we know that Obama doesn’t have the same goals?  Piven, for example, was a board member of the Democratic Socialists of America.  The IAF, founded by atheist Saul Alinsky, spun off the Gamaliel Foundation (which Obama worked for), an organization that deliberately works through churches to achieve their agenda.  These are people who rely on sleight of hand and deception to operate.  How do we know that Obama isn’t the same?

There are hundreds of thousands of progressives, liberals, and Democrats who sincerely want to help people, and that is why they advocate for programs such as nationalized health care, welfare, etc.  I know some of them, and I know that they would be repulsed by the notion that these programs be used as a means for transforming the United States to reflect Piven’s socialistic vision for it.  I am calling upon these very people to rise up and demand that Obama release records that would help us understand what his values really are.  Obviously, no one will listen to conservatives.  They are too easy to dismiss as ‘birthers.’  But if liberals shout loud enough… well that might be something else.

Indeed, this essay has been written to just those people, for conservatives already know the truth about ACORN, the IAF, the Gamaliel Foundation, and Cloward and Piven and their National Welfare Rights Organization under George Wiley.  These connections are easily documented by basic searches online.  I think you are dead wrong-headed in your attempt to solve the nation’s ills through the government but in the main I think you are right-hearted.  I know you would be disgusted to discover that you’ve been played as dupes if the real goal of those actually implementing these programs is to bring the country down to its knees.  Even many liberals have noted that the practical effect of all of these government intrusion is national bankruptcy unless something dramatic happens.

Normally, one can look back on a politician’s career in order to ascertain what they really believe in contrast to that which they say they believe.  Actions speak louder than words.  In the case of Obama, there are a scant two years as a United States senator to look at and his time as a state rep generated very little insight into his true beliefs, as well.  If Obama actually intends to employ the Cloward and Piven strategy, however, ‘looking back’ might be too late.

Call upon Obama to release all requested records, immediately (especially the Columbia University records in this case).  If we wake up in ruins because you didn’t demand these records and they proved pertinent, it will be on your head.  If we see the records and they yield no new insight, then we will have harmed nothing, having only viewed what just about any president has eventually had exposed.

But we all have the right to know… but only you can bring it about.

 

Credit

Anthony Horvath

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4063640320?profile=original                       Michigan Governor declares financial emergency and takes control

                                        of Detroit's budgetary mismanagement

On Friday, March 1st, Michigan’s governor, Rick Snyder (R) made the decision to declare a financial emergency in Detroit and to rip the financial decisions out of democrat city officials’ hands. City residents are facing a crushing $14 billion long term debt and a $327 million current budget deficit, according to Fox News.

Nearly three months ago, Detroit City Councilwoman JoAnn Watson pleaded to her fellow council members that President Obama owed the motor city a $200 plus million bacon bailout. The president did not take the bait or the call, while the city continued to plummet further into the morass it had created under liberal democrat leadership. Now the other financial shoe has dropped!

The city has been running their financial budgets on the backs of city residents for decades, while mismanaging funds, and granting big city liberal-backed long term union benefits. Now, the city officials will have to face the harsh truth, that they cannot wring more taxes out of businesses or residents when there is no money to be had.

In fact, if the city’s mayor Dave Bing and council leaders had not worked out an agreement last year to let the city borrow more money, the nearly quarter billion dollar deficit would be close to a billion.

This continuing big city budgetary nightmare is a harbinger on what other large cities across the nation are facing. Other liberal city leaders have also imposed tax policies and overly generous union long-term contract liabilities on their cities as well. The result has left their own city coffers financially crippled.

Just last year the city of Stockton, California had to file for bankruptcy. With its population of 291,707, it became famous for being the largest to do so. Detroit needs to follow suit, and join this infamous club instead of continuing to pursue the finger pointing blame game.
This sad refrain has echoed in the corridors of Detroit’s city hall for years. The democrat public leaders would either blame the state republican legislators or a state republican governor or a republican president for their financial ineptitude.

Well, the truth is finally spilling out of their unbalanced budget books. The liberal leaders of this big city Titanic floating albatross have hit the iceberg of reality. Now the city is sinking and sinking fast.

The city of Detroit is no longer the once enviable capitol of the automotive industry. Instead it has become a rusted out junk yard, where its previous signs of prosperity have withered and become now barren land.

What is to become of the citizens who kept voting these charlatans masquerading as responsible elected officials? Did they unknowingly succumb to a culture of corruption and deceit which wove its web throughout the neighborhoods? Did they accept the leaders who traded in favors to keep the wool pulled over the heads of residents?

For decades, at every chance, the political poverty pimps would go to barber shops and beauty salons and even in churches passing out promises and placing blame at the feet of “The Man.” “The Man; i.e. code word for ‘White Man’ is doing this to you, and that is why you are suffering.” This same inane and ridiculous refrain has been passed down for several generations, until it has become just a tragic utterance, now blessedly falling on deaf ears.

The truth is that these large and small urban financial nightmares have been largely run by minority leaders for decades. There is no “Man” in sight. These black leaders have wheeled and dealt away financial responsibility by paying ever larger union retirement pensions, salaries and bonuses. With each election they falsely promised better times were just around the corner. In reality they were delivering the citizens into an awaiting monetary wasteland.

( click to read more )

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Obama and Lew the Perfect Fiscal Storm

By Gregg Houlden

Every Investment Banking professional including myself look upon Lew's nomination with little less than despair. Not really for our personal wealth, as we can as easily operate from London and Singapore as NY or LA, but for the average working American. Already the effects of Obama's amateur and ideology led economic management is beginning to bite. (4th Quarter GDP Estimate Reduced to .8% from 1.5%). 

What does the Lew appointment mean to the average American? In my professional opinion, two major problems. An almost certain further downgrade by S&P and Moody's probably in Q1 13 will deliver higher interest rates. That means every Credit Card, Mortgage or Loan will become more expensive. The second point is more direct and will hit the middle class with a double whammy, the long term effects on manufacturing and large scale employers of Obama Care and increased payroll tax will be felt. I expect certain initial indicators to flag deeper problems. Already, Amex has decided to shed 5,500 jobs. I expect other Finance Houses to follow suit as they outsource to London or other destinations with more corporate friendly administrations. Manufacturing already burdened by the Unions and Obama's leftist led FMCS will once again to look to globalization to reduce costs. Don't blame the company as will the Democrats and Obama, blame academic theory meeting objective reality. 

Basic concept; If company A with US Costs can make and sell a widget for $3.30 and company B (in India or China) without Obamacare and unionized costs makes and sells the same widget for $0.50 even the most patriotic organization will go with B.  

In November, Obama lied, cheated and enabled by a barely competent MSM deceived the electorate. I will only make the 2% pay more. Well we had already globalized our portfolios Mr President. Now we see the first hike on the middle class, a payroll tax increase of around $100-200 per pay check. As Obama ramps up his spending as he only sees ideological value rather than fiscal. Basic economics say, the revenue to fulfil his grand schemes cannot come from the 2% even at 100% tax. It has to come from the 47% of working Americans. Now with a sycophant like Lew as Treasury Secretary, Obama's stupidity, lack of empathy and downright narcissism will have no voice of reason. Spend, Spend, Spend will lead to a tank in the dollar. S&P analysts will have conniption fits over the worsening debt ratio and economic indicators. I project by Q1 2014, if Obama is not stopped by the GOP House, our S&P rating will be A+. (Good is AAA BTW, as we used to be) Our bonds and debt (TBonds) will have to yield anything up to the Spain and Portugalesque 6% which will knock on to a 6 -11% jump in your personal interest payments. 

What really becomes a problem at that point is what economists call “Confidence”. When confidence fails in an economy buying ceases, investment halts and people don't trust anything. Banks fail, corporations saddled with debt and increasing labor costs close or relocate and USA Inc goes bankrupt.

Obama is a rank amateur that's too stupid and too arrogant to know his own limitations and seek competent help to mitigate the deficiency. We need our GOP leadership to change and replace Speaker Boehner with a competent and strong leader who will resist and slow the Obama disaster.  In effect save America from Obama and his foolish and childlike policies.

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http://www.blnz.com/news/2008/05/13/Money_Connections_Behind_Gores_Carbon_8700.html

Al Gore Buys Second Mansion While Preparing

to Become Hundred-Billionaire off Cap and Trade

Crazed sex-poodle” Al Gore may be currently exciting the tabloid news readers with titilating stories from a long ago night in Seattle, but making fun of him is a dangerous policy akin to making fun of Adolf Hitler’s Charlie Chaplin moustache. “Do as I say, not as I do” Al Gore has for years excited the mainstream liberal media with his tales of global warming. The man’s own energy use is absolutely awe-inspiring. According to his latest escapades, not satisfied with a Tennessee mansion that uses 24 times as much energy as the average household, Gore has just closed on a California mansion that is even more imposing.

Then there are not one but two private jets . . . no wonder Mr. Gore, while testifying on cap and trade on Capitol Hill, took much umbrage and refused to answer directly when Marsha Blackburn Republican Representative from Tennessee (Gore’s state of origin) asked him, “Is this item you’re testifying on today, something from which you’ll personally profit?” Gore became snitty and insinuated she did NOT know his history. Well, the thing is . . . ALL that those of us who DO know Al Gore’s history (he did NOT invent the internet) can think of is the word “huckster.”

But the bigger surprise is that Gore (who’s already almost become a billionaire plying his “Global Warming” presentations to confirmed greenieholics) would presumably become a hundred-billionaire if Cap and Trade becomes law in America. This would occur because Gore’s London, England based company Generation Investment Management (GIM) is one of the biggest owners of Chicago Climate eXchange (CCX) an Obama originated entity set to profit in cap and trade monitoring. This might mightily surprise the liberal London Times which for a long, long time was a big believer in global warming and cap and trade schemes:

http://www.timesonline.co.uk/tol/news/environment/article6936289.ece

The Times link is an article on what’s called Climate Gate in Europe. Mainstream media in America do not publish stories contrary to the policies of people like Gore and Obama . . . speaking of Obama . . . .

Remembering that CCX aspires to become the “New York Stock Exchange of Carbon Trading.” One of the founders of Chicago Climate Exchange was indeed Barack Obama. Al Gore; Barack Obama; and such mutual friends of Obama and Gore as the company Goldman Sachs and about ten of its bigwigs individually; more than a dozen progressive (“We must progress beyond the outdated Constitution”) foundations such as the Tides Foundation, the Joyce Foundation, the World Resources Institute, Center for American Policy, Alliance for Climate Protection; Green Mountain Energy, The Shores Bank (which liberals recently bailed out with private funds rather than undergo the public scrutiny of its records), the World Bank, etc., etc. (looking them over and the incestuous relations among them one is immediately struck by the thought “money laundering”); and such notables as Bill Ayers (brother to the bombplanter), Richard Sandor, Joel Rogers, Maurice Strong, the Clintons, George Soros, ad nauseum.

And what exactly is their scheme? Once cap and trade passes, their little CCX, now owned at least partially by ICE, Intercontinental Exchange, Inc. (ICE is 7.59% owned by British Petroleum, go figure) runs the world of carbon trading. They sell carbon credits (literally blue sky – nothing is produced and no real measurable service is given or granted) to the tune of $10 TRillion per year and take a commission off every sale forever. In the process the $15 TRillion U.S. economy becomes a $25 TRillion U.S. economy which means that the average price of all real things increases 67% (25 divided by 15 = 167%). In his usual half-truth mode, Obama has said as much.

Speaking to the San Francisco Chronicle he proudly claimed his policies will “bankrupt the coal industry;” and he’s often said and at the link below tells the selfsame San Francisco Chronicle, “my energy policies would necessarily mean that the cost of electricity would skyrocket.”

http://media.newsbusters.org/stories/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry.html?q=blogs/p-j-gladnick/2008/11/02/hidden-audio-obama-tells-sf-chronicle-he-will-bankrupt-coal-industry

http://newsbusters.org/blogs/kerry-picket/2008/11/02/obama-energy-prices-will-skyrocket
Let's let your imagination roam a bit, imagine if John McCain** had said he was going to bankrupt a major U.S. industry or make the price of electricity skyrocket . . . . forgetting about the thousands of jobs lost . . . how would the media have treated him? The San Francisco Chronicle (effectively 'protecting' Obama) would not run the coal story and barely talked about the electricity comment . . . sort of like the entire American media overlooking the Climate Gate story linked above, eh?

Imagine now, if you will, President Grant in 1868 promising to harness the energy of electricity for every American household by 1876 (the end of his second term). Well, as with green technology today, 2010, in 1868 there was no Thomas Edison and virtually all American households didn’t get electricity and running water even and indoor plumbing until roughly 1928, sixty years later. Obama’s saying it’s so (and Gore’s saying it’s so) does not mean that green technology is viable today or will be viable even in thirty years, now does it? Where is our Edison? But, not to worry the complete collapse of the American Economy will mightily profit Gore, Obama, Soros, Sandor, and their ilk and they will rule us in perpetuity.

Ya’all live long, strong and ornery,

Rajjpuut
** Rajjpuut is NO lover of John McCain who is far more a progressive Republican than Herbert Hoover was; and more progressive than FDR, the progressive Democrat whose policies^^ gave us a "Great Depression" while the rest of the world suffered a little 'd' depression. The point of the story is that Obama is a media darling and the more progressive of the two individuals and the left-leaning press will not tarnish his image. Because they won't attack his corruption, we are all at risk . . . . hence Gore is the way to expose the soft-underbelly of corruption as the progressives move us surely to universal poverty and communism.
^^ Remember this, progressive FDR gave us 40 new federal government agencies in twelve plus years, Barack Obama via his Obamacare gave us about 390 new federal agencies in just one new law during his first fourteen months in office!
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