The Only Thing Cap And Trade Will Do Is Line The Already Plush Pockets Of Wall Street Bankers

Thomas Jefferson said in 1802:

'I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property - until their children wake-up homeless on the continent their fathers conquered.'

New York Senator Kirsten Gillibrand says carbon permits could be a “boon” for the Big Apple’s financial sector, creating a commodities that is valued “as much as $3 trillion by 2020.” (according to Wall Street Journal article).  That statement alone may not mean much to you. However, when you put it in context…

The U.S. economy is about 14.2 trillion. That brings the first statement into focus. What Sen. Gillibrand is saying is that the Cap and Trade legislation that Rep. Teague voted for could take about 21% of the economy as a tax and run it though the financial sector in New York City. That means your company here in New Mexico would have 21% fewer dollars to pay your salary and to make needed investments in new equipment.

More than likely, companies do not have that kind of margin in their operating revenues. In that case they would likely just shut down. That is what the refinery in Artesia has said will happen to them. They will have to shut down because the money going to the Big Apple will put them out of business. Jobs gone… and taxes no longer going to Santa Fe to pay teachers, police or to pave the roads.

Right now New Mexico is struggling with a 20 % shortfall in its budget. If Cap and Trade passes, it will be another 20% short.  So while New Mexico gets poorer and our companies turn into rust, the fat cats in New York City will get fatter.

People have asked if that is really possible, if Congress would pass a law that would favor Wall Street at such a destructive cost to the rest of the nation…

Just look at the bailout bill.  Approximately $700 billion of your tax dollars went to Wall Street banks, and they turned around and handed out million dollar bonuses. Or consider the stimulus bill.

Right now, Germany is laying off workers because their government passed Cap and Trade legislation. Their electricity rates have skyrocketed.  The Progressives in Congress have pushed a goal of “20 by 20” which means they want 20% of US powered generated by wind and solar by 2020.

According to Paul Driessen, in this article

“Generating 20% of US electricity with wind power would require some 186,000 turbines, 19,000 miles of new transmission lines, 18,000,000 acres of land (half of Illinois), and 270,000,000 tons of concrete, steel, copper, fiberglass and rare earth minerals (the equivalent of 180,000,000 Toyota Priuses). Even worse, a West Texas wind farm now under construction created 2,800 jobs – but 2,400 of them are in China."

Solar power issues are similar. Do you want your electricity bills to go up by $1,500 a year? Do you want unemployment to go higher? If your answer is no, an essential question for you is: who opposes Cap and Trade legislation and who supports it. A vote for Cap and Trade is a vote for New York City.

I like New York but I will vote for New Mexico and against the Cap and Trade.