Obama to bypass Congress with carbon taxes?

Regulatory action on cap and trade could force climate levies

Posted: November 07, 2010

© 2010 WorldNetDaily

Editor's Note: The following report is excerpted from Jerome Corsi's Red Alert, the premium online newsletter published by the current No. 1 best-selling author, WND staff writer and senior managing director of the Financial Services Group at Gilford Securities.

In his nationally televised press conference, President Obama indicated that carbon taxes may be imposed on U.S. citizens through a move designed to bypass Congress altogether, Jerome Corsi's Red Alert reports.

Knowing that the chances of getting cap-and-trade legislation through a Republican-controlled House and a Senate with a larger, more conservative Republican minority will be almost impossible, Obama suggested a backdoor route through the Environmental Protection Agency may be a way to accomplish the goal without requiring new legislation.

"The EPA is under a court order that says greenhouse gases are a pollutant that fall under their jurisdiction," Obama said. "And I think one of the things that's very important for me is not to have us ignore the science, but rather to find ways that we can solve these problems that don't hurt the economy, that encourage the development of clean energy in this country, that, in fact, may give us opportunities to create entire new industries and create jobs that – and that put us in a competitive posture around the world."

Corsi wrote, "Obama intends to pursue the ideological cause of reducing carbon emissions despite growing doubt in the international scientific community about the validity of anthropogenic climate warming theories."

"Cap-and-trade was just one way of skinning the cat; it was not the only way," Obama said. "And I'm going to be looking for other means to address this problem."

On June 26, 2009, in a 219 to 212 vote, House passed a cap-and-trade bill that was championed by Henry Waxman, D-Calif., and Edward Markey, D-Mass. The Senate did not take up floor consideration of a cap-and-trade measure.

Corsi wrote, "Now, Obama is in for a fight if he intends to proceed with implementing carbon taxes through the back door of EPA regulations."

For more information on carbon taxes, 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."

Red Alert's author, who received a doctorate from Harvard in political science in 1972, is the author of the No. 1 New York Times best-sellers "The Obama Nation" and (with co-author John E. O'Neill) "Unfit for Command." He is also the author of several other books, including "America for Sale," "The Late Great U.S.A." and "Why Israel Can't Wait." In addition to serving as a senior staff reporter for WorldNetDaily, Corsi is a senior managing director in the financial-services group at Gilford Securities.

Disclosure: Gilford Securities, founded in 1979, is a full-service boutique investment firm headquartered in New York City providing an array of financial services to institutional and retail clients, from investment banking and equity research to retirement planning and wealth-management services. The views, opinions, positions or strategies expressed by the author are his alone and do not necessarily reflect Gilford Securities Incorporated's views, opinions, positions or strategies. Gilford Securities Incorporated makes no representations as to accuracy, completeness, currentness, suitability or validity of any information expressed herein and will not be liable for any errors, omissions or delays in this information or any losses, injuries or damages arising from its display or use.
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