Giving hard earned $ to the poor in these times? It's getting more bizarre every day. This won't happen, and if it does, then the US is screwed anyway, because it has lost what has made it big.
Nope, you're quite right. Got two positions and snatched a glance at it. Didn't expect the author to contradict himself. Clinton has stuck her neck out so far on this with $100m she must be preparing for Obama to take center stage. Cap & Trade is on the cards but let's hope that this yet descends into farce.
Maybe they mean Obama is one of the few in the US who supports the tax? I haven't heard that he does but I'm just saying... -Guru
If Obama did support it, there would be numerous articles indicating this. I hardly believe some shit for brains author who blatantly contradicts himself in the article.
I hope China sticks to it's guns, and opposes this climate crap. Obama arrives in Copenhagen tomorrow and will no doubt try to convince China to cooperate. But in my opinion, China has all the leverage here, as they basically own our country. China will probably scold Obama for offering to pay billions for this climate crap, when the U.S.A. owes them trillions of dollars.
The only time Obama has mentioned something was the form of a financial stability fee on the campaing trail, that was alluded to with Geithner talking about a fee or insurance levy to stabilize banks but he never mentioned a tax . The lefties have assumed this meant a transaction tax when they say Obama supported a tax, but in reality he mentioned once on the campaign trail a fee. I can assume Geithner has been talking about this fee all along the insurance fee, but its hard to assume anything. So we perhaps will find out tomorrow after Obama arrives.
NY Times article, Clinton says the funding would come from a mix of public and private financing, including revenue raised from the auctioning of emission allowances under a possible U.S. cap-and-trade system under development on Capitol Hill. http://news.google.com/news/url?sa=...linton-pledges-100b-for-developing-96794.html Pelosi is also at Copenhagen, and made comments in the article. Nothing about the transaction tax though.
Ethiopian Prime Minister Zenawi, "I support that the fund be established through the creation of a tax on international financial transactions,........ http://www.ipsnews.net/africa/nota.asp?idnews=49727 ---------------------- This is from the prime minister of one of the most corrupt African countries where there is more than enough food produced to meet everyone's needs yet, in one area food rots in the fields, and people starve a few miles away. Add billions more to their corruption and they will be more powerful.
http://www.theaustralian.com.au/new...na-dampens-hopes/story-e6frg6nf-1225811570408 China being difficult which is a good thing.