OBAMA ADMITS THAT CAP & TRADE IS OL' FASHIONED SOCIALISM

CAP & TRADE = CENTRAL PLANNING:

Obama speaking of Cap & Trade, in his weekly address - via Power Line:

"... this legislation
will finally
make clean energy
the profitable kind of energy. "

THIS IS A VIRTUAL ADMISSION THAT OBAMA BELIEVES IN CENTRAL PLANNING - A CENTRAL TENET OF SOCIALISM.

OBAMA IS ARGUING THAT LEGISLATION WILL MAKE A MARKET AND THAT THE MARKET WILL BE PROSPEROUS.

THIS IS HOGWASH.

• IT HAS NEVER EVER WORKED ANYWHERE AT ANYTIME, AND CERTAINLY NOT AS WELL AS THE FREE-MARKET ANYWHERE AT ANYTIME.

• AN ARTIFICIAL MARKET, (CAPPING & TRADING CO2) ...
  
• BASED ON AN ARTIFICIAL DEMAND, (WITHOUT THE LAW THERE WOULD BE NO CARBON MARKET) ...
  
• FOR PRODUCTS AND SERVICES WHICH HAVE NO EFFECT ON AN IMAGINARY PROBLEM, (AGW) ...
  
• CANNOT POSSIBLY CREATE REAL PROSPERITY ANY MORE THAN IT CAN CHANGE GLOBAL CLIMATE.

IT'S MASS HYSTERIA.

DISSENT ACCORDINGLY.

*******UPDATE: FROM ACE:

WARREN BUFFETT CALLS CAP & TRADE "A HUGE REGRESSIVE TAX".

HERE'S BUFFETT SAYING IT A FEW MONTHS AGO: