Thread: GREEN ALERT: Hidden Carbon Tax Provision in Paulson’s Bail

If you think the Mother of All Bailouts is bad, just wait till you see the carbon tax. Get ready to reduce your standard of living drastically.

http://justgetthere.us/blog/archives/GR ... t-2.0.html

GREEN ALERT: Hidden Carbon Tax Provision in Paulson’s Bailout 2.0


By Matthew Vadum


NewsBusters | Why is the mainstream media ignoring what might be the most earth-shattering provisions in Treasury Secretary Henry Paulson's Bailout Package Version 2.0?

If you look at page 180 of the 451-page monster bailout bill that easily passed the Senate yesterday (PDF here), you will see that it includes at Section 116 language about the tax treatment of "industrial source carbon dioxide." It also provides, at Section 117, for a "carbon audit of the tax code."

What could a provision about the tax treatment of "industrial source carbon dioxide" and another provision about doing a "carbon audit" of the tax code possibly have to do with restoring confidence in Wall Street's troubled credit markets?

The answer: NOTHING.

This appears to be an attempt by global warming fanatics to lay the foundation for an economy-killing carbon tax just like the "cap-and-tax" system that is now destroying European industry.

If you think the Mother of All Bailouts is bad, just wait till you see the carbon tax. Get ready to reduce your standard of living drastically.

It really shouldn't be a surprise that these non-germane provisions are included in legislation that is supposed to save all of us from economic Armageddon.

After all, Henry Paulson is a confirmed environmentalist and global warming true-believer who abused his power at Goldman Sachs. While Paulson headed Goldman Sachs he simultaneously headed the Nature Conservancy and his wife was a former Conservancy board member. (See "In Goldman Sachs We Trust: How the Left's Favorite Bank Influences Public Policy," by Fred Lucas, Foundation Watch, October 2008.)

Henry Paulson presided over Goldman Sachs's donation of 680,000 acres of land it owned in Tierra del Fuego, Chile to the New York-based Wildlife Conservation Society.

One of the trustees of the Wildlife Conservation Society was H. Merritt Paulson, the son of Henry Paulson.

As green critic Paul Driessen observed, at no time did anyone "assess the vast area's potential value for timber, oil or metals, so that locals and [Goldman Sachs] shareholders would at least know the true cost of the giveaway."

And the media tells Americans to trust Henry Paulson to do the right thing when doling out taxpayer dollars to his former colleagues on Wall Street?

The media needs to start asking hard questions.

(Hat tip to Paul Chesser, of Center for Climate Strategies Watch, as posted at AmSpecBlog)

(Crossposted at Capital Research Center's blog here)

—Matthew Vadum is Editor of Organization Trends and Foundation Watch at the Capital Research Center.

Europe's Cap and Trade and "carbon taxes" is killing them and they didn't even come close to their goal. Germany has already opted out of the next phase of Kyoto. It's insanity. They pay BILLIONS to Chinese industry to clean up their "greenhouse" gases and they plant trees in Africa all the while patting themselves on the back and kidding themselves.

A cap and trade and carbon tax would give the govt. complete control of all business, your house, your car and YOU!

They always use the term "carbon" which evokes images of soot. Carbon Dioxide is an essential gas for plants. Carbon Dioxide is GREEN in the truest since.

Ask your global warming friends how CO2 RISES up and ACCUMULATES in the upper atmospere since it's HEAVIER than air. You can fill a ballon with CO2 and it will drop to ground like a rock. CO2 has to stay close to the ground. IF it floated upwards, it wouldn't be available as a plant food. The same applies to Freon, the coolant that's being banned. It doesn't mix with air and is heavier and stays on the ground. Kinda hard to get it into the ozone layer.

Another fun experiment is go outside on a clear night and put the palm of your hand toward the ground....you will feel warmth. Now turn it upwards toward the sky....you will feel COOLNESS. IF the CO2 blanket is radiating heat back to earth, why does it feel cool??

The estimated weight of the atmosphere is 44.3 MILLION BILLION Tons. If 70 billion tons of CO2 are emitted annually, then what % is that??? It's a LOT of digits, since total atmospheric CO2 is 0.038%.

The only thing that may save us from this disasterous hoax is we have some really cold and severe winters coming up, which is shaping up to be, according to forecasters.

Al Gore, the man who flunked out of college and made two F's in Earth Science has anointed himself saviour of the world. "What fools these mortals be."