Obama: Candidate of the 1 Percent

[Geee]

American Thinker:

General Carl von Clausewitz warned that artillery is the one weapon that an enterprising adversary could turn against its former owners. Barack Obama's support for cap and trade allows us to similarly turn his class warfare rhetoric against him.

Senator Kirsten Gillibrand (D-NY), a strong supporter of Obama's cap-and-trade agenda, has provided us more than ample means to do so. Gillibrand argues in favor of the 21st-century counterpart of indulgence-peddling as follows:

According to financial experts, carbon permits could quickly become the world's largest commodities market, growing to as much as $3 trillion by 2020 from just over $100 billion today. With thousands of firms and energy producers buying and selling permits to emit carbon, transaction fees for exchanges and clearing alone could top nearly half a billion dollars.

... An infrastructure is already beginning to form, as entities like the New York Stock Exchange, J.P. Morgan Chase, Goldman Sachs, and the new Green Exchange are developing carbon trading platforms or expanding their environmental trading desks. There are nearly 100 funds already focused on green investments.

This agenda is very nice for the well-paid executives of J.P. "We just lost two billion dollars of our investors' money" Morgan Chase and Goldman Sachs, which can line their pockets even more with commissions on the exchange of carbon indulgences, but it has no identifiable benefits for ordinary Americans. We can therefore argue credibly that Gillibrand and Obama are enablers of would-be economic parasites who seek to leech off ordinary Americans, and we will now show why this language of class warfare is accurate.

Obama and His Economic Parasites

An economic parasite is easily identifiable from the answer to the following question: "What would our society lose if this entity liquidated, aside from the loss of the investors' money?" If a coal mine goes out of business, we lose the cheap energy from the coal, along with the miners' high-wage jobs. A farmer who goes out of business no longer produces food for our society. If a good newspaper, magazine, or website goes out of business, its subscribers or visitors can no longer enjoy it, while advertisers lose this means to reach potential customers.