April 20th, 2009
Obama drains lifeblood from financial system with climate legislation
With hearings in the House of Representatives on the Obama administration’s energy and climate change agenda, credible opponents are voicing concern that a U.S. “green” policy may kill the economy, Jerome Corsi’s Red Alert reports.
James Hackett, chairman and chief executive officer of Anadarko, one of the nation’s largest independent oil and gas companies, told the Financial Times, “The histrionic and maniacal focus on carbon dioxide” risks plunging the United States into an economic tailspin that could turn the United States into “the world’s cleanest third world country.”
Hackett attacked the Obama administration’s cap-and-trade proposal that will be included in the bill to be before the House committee next week, calling the plan an indirect tax on individuals that would be as open to manipulation as the European model.
The bill’s sponsor, Rep. Edward Markey, D-Mass., hosted a forum on clean energy policy and climate change at the Massachusetts Institute of Technology last week.
“The Obama administration speakers at the MIT forum made it clear the Obama administration is dug in on the issue and intends to force the United States into the exact type of green policy that has oil executives like James Hackett concerned,” Corsi wrote.
John Holdren, director of the Office of Science and Technology Policy told the group that, “The energy challenge we face is actually a more difficult challenge than putting a man on the moon was.”
“We have to do things that pervade our whole economy,” Holdren insisted, “not just of this country but around the world, in order to get it done to the degree that is required.”
Holdren listed a series of fears he claimed climate science had “proved” were happening faster than the predicted, already frightening, scenarios postulated by the United Nation’s Intergovernmental Panel on Climate Change.
In his list, Holdren included effects on agriculture from changes in monsoons, more flooding from extreme precipitation and pest population explosions that are affecting the timber industry in the United States.
“Tipping points” that lead to rapid climate change – such as rapid ice-sheet disintegration in the poles and the release of gasses trapped in permafrost, could “occur sooner rather than later,” he insisted.
Three members of the Obama administration are scheduled to testify at the hearings on Markey’s bill next week, including Energy Secretary Steven Chu, Environmental Protection Agency Administrator Lisa Jackson, and Transportation Secretary Ray LaHood.
Red Alert’s author, whose books “The Obama Nation” and “Unfit for Command” have topped the New York Times best-sellers list, said the Obama administration intends for the House to vote on the legislation before the August recess, with a bill signed into law before the next round of international climate negotiations in Copenhagen, Denmark.
Corsi received his Ph.D. from Harvard University in political science in 1972. For nearly 25 years, beginning in 1981, he worked with banks throughout the U.S. and around the world to develop financial services marketing companies to assist banks in establishing broker/dealers and insurance subsidiaries to provide financial planning products and services to their retail customers. In this career, Corsi developed three different third-party financial services marketing firms that reached gross sales levels of $1 billion in annuities and equal volume in mutual funds. In 1999, he began developing Internet-based financial marketing firms, also adapted to work in conjunction with banks.
In his 25-year financial services career, Corsi has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines.
For more information on Obama’s climate agenda and for financial guidance during difficult times, read Jerome Corsi’s Red Alert, the premium, online intelligence news source by the WND staff writer, columnist and author of the New York Times No. 1 best-seller, “The Obama Nation.”
Source: World Net Daily