American Elephants

Rule 1. Do Not Raise Taxes During a Recession. Rule 2. Do Not Tax Things That Do Not Exist. by The Elephant's Child

The Space and Science Research Center and its parent company Verity Management Services, Inc. have sent a letter to President Obama.  According to John Casey, President of Verity and Director of the Space and Science Research Center:

Now that global warming has ended, the attempt to legislate and then impose cap and trade schemes on the American tax payer and their businesses can only be described as highly speculative and may well end up in violation of state and federal laws that govern securities and similar financial platforms.  It is sheer folly to force an unnecessary and gigantic tax or fee structure on something that does not exist, especially in the present difficult financial times when the taxpayers and businesses are struggling to stay in their homes or keep their doors open.

Here we are rapidly moving into the worst cold climate era our planet has seen in over 200 years without the first dollar being spent to get our nation ready.  And yet the Obama administration is blindly “rushing off a cliff” planning to tax our people over $500 billion with carbon control programs over the next ten years to combat a climate that simply does not exist and one erroneously based on a common gas that many scientists have shown has little harmful effect on the climate.  The overall situation has just  made much worse and now has the potential of increasing the suffering in our nation as we go into a deepening recession and have to deal with the rapidly approaching and likely dangerous cold period, completely unprepared.   Read the whole thing here….

Carbon Dioxide (CO2) is a colorless, harmless gas that we breathe out every time we exhale.  It is not a pollutant, despite the silly ruling by the Supreme Court. It is not a cause of global warming, for increases in CO2 occur long after increases in temperature. Now, when the planet is cooling as it has been for the past decade, CO2 is still increasing.

CO2 in the atmosphere is plant fertilizer.  Remember photosynthesis from high school biology? The optimum amount of CO2 in our atmosphere would be much, much higher, and it not only fertilizes plants, but protects them from cold.  There is no reason whatsoever to tax carbon, ban carbon, sequester carbon or even to try to reduce it.

President Obama is counting on vast income from his cap-and-trade policy to offset his stimulus and bailouts.  Europe’s cap-and-trade program is a failure, and permits are almost worthless.  The damage that the program has done to European economies is beginning to be understood. Europe’s heavy investment in wind farms and solar has not resulted in any reduction in CO2 at all.

Economists warn that raising taxes in the midst of a recession is a mistake and likely to make things worse.  A tax on something that does not exist, that will fall heavily on every household during an economic crisis is beyond foolish.


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