YOUR HOPE.. THEIR POCKET CHANGE.. Importance: Low

Your Hope .. Their ‘Pocket’ Change .. First the Companies involved. Carbon Cap and Tax, ie: New Energy Bill in Congress

#1. A small bank in Chicago called SHOREBANK almost went bankrupt during the recession. The bank made a profit on its foreign micro-loans (see below) but had lost money in sub-prime mortgages in the US . It was facing likely closure by federal regulators. However, because the bank's executives were well connected with members of the Obama administration, a private rescue bailout was arranged. The bank's employees had donated money to Obama's Senate campaign. In other words, ShoreBank was too politically connected to be allowed to go under.

ShoreBank survived and invested in many "green" businesses such as solar panel manufacturing. In fact, the bank was mentioned in one of Obama's speeches during his election campaign because it subjected new business borrowers to eco-litmus tests.

#2. Prior to becoming President, Obama sat on the board of the JOYCE FOUNDATION. This foundation was originally established by Joyce Kean's family which had accumulated millions of dollars in the lumber industry. It mostly gave funds to hospitals but after her death in 1972, the foundation was taken over by radical environmentalists and social justice extremists.

#3. This Joyce Foundation, which is rumored to have assets of $8 billion dollars, has now set up and funded, with a few partners, something called the CHICAGO CLIMATE EXCHANGE, known as CXX. It will be the exchange (like the Chicago Grain Futures Market for agriculture) where Environmental Carbon Credits are traded.

(Under Obama's ‘Cap and Trade’ bill, businesses in the future will be assessed a tax on how much CO2 they produce (their Carbon Footprint) or in other words how much they add to global warming. If a company produces less CO2 than their allotted measured limit, they earn a Carbon Credit. This Carbon Credit can be traded on the CXX exchange. Another company, which has gone over their CO2 limit, can buy the Credit and "reduce" their footprint and tax liability. It will be like trading shares on Wall Street.)

It was the same Joyce Foundation, along with some other private partners and Wall Street firms, that funded the bailout of ShoreBank. The foundation is now one of the major shareholders.

#4. The bank has now been designated to be the "banking arm" of the Chicago Climate Exchange (CXX).

#5. In addition, GOLDMAN SACHS has been contracted to run the investment trading floor of the exchange.

And the Cast of Characters ..

A. One ShoreBank co-founder, named Jan Piercy, was a Wellesley College roommate of Hillary Clinton. Hillary and Bill Clinton have long supported the bank and are small investors.

B. Another co-founder of ShoreBank, named Mary Houghton, was a friend of Obama's late mother. Obama's mother worked on foreign micro-loans for the Ford Foundation. She worked for the foundation with a guy called Geithner. Yup, this man was the father of Tim Geithner, our present Treasury Secretary, (sometimes called ‘Turbo Tax Tim’ because he ‘forgot’ to pay his taxes for two years running.)

C. Another founder of ShoreBank was Ronald Grzywinski, a cohort and close friend of Jimmy Carter.

D. The former ShoreBank Vice Chairman was a man called Bob Nash. He was the deputy campaign manager of Hillary Clinton's presidential bid. He also sat on the board of the Chicago Law School with Obama and Bill Ayers. Nash was also a member of Obama's White House transition team.

(To jog your memories, ‘Bombing Bill’ Ayers is a Professor at the University of Illinois at Chicago . He co-founded the Weather Underground, a radical revolutionary group that bombed buildings in the 60s and 70s. He had no remorse for those who were killed, escaped jail on a technicality, and is still an admitted Marxist).

E. When Obama sat on the board of the JOYCE FOUNDATION, he "funneled" thousands of charity dollars to a guy named John Ayers, who runs a dubious education fund. Yes – that would be the brother of ‘Bombing Bill’.

F. Howard Stanback is a board member of ShoreBank. He is a former board chairman of the Woods Foundation. Obama and Bill Ayers, also sat on the board of the Woods Foundation. And, Stanback was formerly employed by New Kenwood Inc. a real estate development company co-owned by Tony Rezko.

(You will remember that Tony Rezko was the guy who gave Obama an amazing sweet deal on his new house. Years prior to this, the law firm of Davis, Miner, Barnhill & Galland had represented Rezko's company and helped him get more than 43 million dollars in government funding. Guess who worked as a lawyer at the firm at the time - Barack Obama).

G. Adele Simmons, the Director of ShoreBank, is a close friend of Valerie Jarrett, a White House senior advisory to Obama. Simmons and Jarrett also sit on the board of a dubious Chicago Civic Organization.

H. Van Jones sits on the board of ShoreBank and is one the marketing directors for "green" projects. He also holds a senior advisory position for black studies at Princeton University . You will remember that Mr. Van Jones was appointed by Obama in 2009 to be a Special Advisory for Green Jobs at the White House.

He was later forced to resign over past political activities, including the fact that he is an admitted Marxist.

I. Al Gore was one of the smaller partners to originally help fund the Chicago Climate Exchange. He also founded a company called Generation Investment Management (GIM), registered in London , England . GIM has close links to the UK-based Climate Exchange PLC, a holding company listed on the London Stock Exchange. This company trades Carbon Credits in Europe (just like CXX will do here) and its floor is run by Goldman Sachs.

J. Along with Gore, the other co-founder of GIM is Hank Paulson, the former US Treasury Secretary and former CEO of Goldman Sachs. His wife, Wendy, graduated from - and is presently a Trustee of - Wellesley College . This is the same college that Hillary Clinton and Jan Piercy, a co-founder of ShoreBank attended. (They are all friends).

And now the …. THE MONEY TRAIL !!

If the bill passes, it is estimated that over $10 TRILLION dollars each year will be traded on the CXX exchange. At a commission rate of only 4 percent, the exchange would earn close to $400 billion dollars to split between its owners, all Obama cronies. At a 2 percent commission rate, Goldman Sachs would also rake in an additional $200 billion dollars each year.

But don't forget SHOREBANK - with $10 trillion dollars flowing though its accounts, the bank will earn close to $40 billion dollars in interest each year for its owners, again more Obama cronies.

It is estimated Al Gore alone could probably rake in $15 billion dollars just in the first year.

Obama's "commissions" will be held in trust for him at the Joyce Foundation - estimated to be over $8 billion dollars – until he leaves office. Of course, these commissions will continue to be paid for the rest of his life.

Some financial experts think this will be the largest "scam" or "legal heist" in world history. Certainly makes Bernie Madoff's fraud look like penny ante stuff.

That is … IF the bill passes this year.

And why this year ….. ?

Because many studies have been exposed as scientific nonsense, people are slowly realizing that man-made global warming is nothing more than a money-generating hoax.

As a result, Obama is working feverishly to win the race. He aims to push a Cap-and-Trade Carbon Tax Bill through Congress and into law now !

He knows he must get this passed before he loses his majority in Congress in the November elections. Apart from Climate Change he will "sell" this bill to the public as generating tax revenue to reduce our debt.

But, it will also make it impossible for US companies to compete in world markets and drastically increase unemployment. In addition, energy prices (home utility rates) will sky rocket.

Obama's cronies make the Mafia look like rank amateurs. Quite a story huh? You probably don't believe a word of it right?

Check Snopes.com

Alistair Cooke's America in 1973, page 387 states "I myself think I recognize here several symptoms that Edward Gibbon maintained were signs of the decline of Rome, and which arose not from external enemies but from inside the country itself. A mounting love of show and luxury. A widening gap between the very rich and the very poor. An obsession with sex. Freakishness in the arts masquerading as originality, and enthusiasm pretending to creativeness." Also, Roman folly of excercising military might in places remote from the center of power. Are we not there right now? Will we follow Rome in history???? Let's hope it is not too late.

Jesse James used to point his pistol at bank clerks and stagecoach drivers and demand their money. At least he was honest enough not to wear a mask and to face them and use a gun. Yesterday, Steven Spielberg opined that the government ought to take over the oil companies. After that, what's left? Obama now owns automobile production, banks, mortgages, student loans, agriculture subsidies, retirement, health "care." Marx wrote that government must ultimately "own the means of production." November isn't just another mid-term election, folks.

Your publication almost always makes my day, week, month and year. Finally we're getting the debunking of these Maoist administration policies thanks to your excellent contributing authors. Keep up the pressure !

November here we come !

Todays Editorial Exegis by the Wall Street Journal, was a punch in the gut to every hard working stiff out there. The impression, is that a bunch of down and out schmucks are sucking the system dry, when nothing could be further from the truth. I am a degreed contract engineer. I have 35 years experience in Commercial, and Military aircraft, missile systems, Rotorcraft, and have been out of work for 18 months. I have exhausted my unemployment benefits, which I have never done in my working life before. Which means that 35 years of uncollected Unemployment just went away. Yet, because of the Obama Administration, closing or stopping military programs, shutting down research and development, closing bases, and now reducing our nuclear capabilities, weakening our military forces, and our infrastructure, highly trained, and motivated workforces are sitting idle. I spend more time each day looking for work that most people do, and search nationwide, not just locally, as well as internationally. We are losing legacy talent that will take generations to replace, and nobody seems to care. Now you want me to lose my house, my car, my telephone, and every tool needed to secure work, and then support it, because this Administration so totally sucks at doing anything that remotely is bipartisan. Obama needs to prove to the nation that he is qualified to be President. Lets face it folks, his father is Kenyan, and was never a US Citizen. At best, Obama is a naturalized citizen. But I suspect that he is not a citizen at all. He was adopted by Lolo Soetoro, and has never proven that he even applied for US citizenship. Yet he will not produce a birth certificate. It is time for our leaders to make him accountable to the people. November 2 will mark a day when Americans make a statement, that says "YOU WORK FOR ME", and since you don't seem to get that, you are being FIRED! And, it's not like we did not tell them.

I am tired of being made to feel bad for wanting 35 years of Unemployment compensation acknowledgement, and wanting to keep my home, car, phone, because an inexperienced Junior Senator, who somehow got elected, cannot follow the will of the people, and then top it off with a WSJ writer, who has a job, and more than likely has a home, a car, and a phone, then tells me, that I don't Deserve to survive.

I think the reporter, needs to walk a mile in the shoes of 2.5 million unemployed, motovated, highly skilled, and educated people, before making such uninformed conclusions.

There is a statement by MSNBC's Cenk Uygur that taxes have been cut for people making under a quarter of a million, why haven't I seen it? I am 70, get a Navy ret./SS, my wife is 55, works in a grocery store, and between us we make just over 50K, and our taxes went up again this year. I wish someone would explain how a tax cut means we pay more. We've had to pay more the past two years. The bad thing is that I expect them to increase this year, the next, the next, etc. etc.

This is not a polite response to anything Obama and the Democrats have to say, so you may not want to print it. Every time I hear Obama and the Dems patting themselves on the back for all the marvelous things they have done for us I want to puke. Oh, lord it's tough to be humble when you are perfect in every way. Spare me, please.

The ship of democracy, which has weathered

all storms, may sink through the mutiny of

those on board.---Grover Cleveland (1837-1908)

The quote by Trent Lott is ridiculous. After all, in 1994 when the G.O.P. won control of the House and the Senate, Trent was made the Senate Majority Leader. In the next 6 years, under Trent's marvelous stewardship, the G.O.P. went from a 60-40 majority to a 49 - 50 minority.

GREAT JOB, Trent.

and you have the nerve to criticize people who are at least trying to make changes. All you did was maintain the status quo and FAIL MISERABLY.

Go home to Mississippi and shut up. We don't NEED you nor do we WANT you.

Duke

RE: "[Barack Obama says the November elections represent] 'a choice between the policies that got us into this mess and my policies that got us out of this mess.' Waah, he inherited a mess again! Oh, and by the way, his policies haven't gotten us out of it. ... Obama's self-pitying attitude is getting tiresome, piling ennui on top of malaise. Heck, let's go with the portmanteau and call it Obamennui." --Wall Street Journal columnist James Taranto

I know you respect this individual, but I wish that he would use words that we all understand vs. trying to be so intellectual as to confuse some who don't have that capacity. Who is he trying to impress?

Etraveler13, I've been there myself - unemployed with "benefits" used up, and the bank account rapidly heading towards empty. God let me look over the edge of the cliff, then provided very bountifully in His good time.

However, I must disagree with your complaint that the Wall Street Journal is making an "uninformed conclusion." The reason the economy is is so bad is that the United States Treasury, at Mr. Obama's direction, has swallowed up a huge share of available investment capital by excessive borrowing to pay for social programs, including extended unemployment benefits. Mr. Obama's policies threaten the destruction of the remaining investment through inflation, burdensome regulation, and increased taxation. Quite simply, a lot of people are almost as afraid to invest in the United States as they are to invest in Venezuela.

The Republicans, contrary to Mr. Obama's whining, didn't choose to make their stand with this bill. Most of them have been fighting this destruction of property rights tooth and nail for a long time, but they simply don't have the Congressional power to stop it. It hasn't helped that a number of Republicans betrayed their own party by defecting to the Democrats to set up liberal spending programs during the Bush administration, but we can hope that they, or their constituents, have learned their lesson.

BHO says, "The fact is, most economists agree that extending unemployment insurance is one of the single most cost-effective ways to help jumpstart the economy. It puts money into the pockets of folks who not only need it most, but who also are most likely to spend it quickly."

Now there's an economic "stimulus" I can live with (NOT!).

So, let's see how this works. First, take a dollar out of the economy by forcing businesses that would otherwise be creating jobs to pay an unemployment tax, which is a dollar they can't use to expand their business, hire workers, or give you a pay raise. Next, "launder" that dollar through our "very efficient" government bureaucracy. Finally, give what ever is left of that dollar (maybe 50 cents??) to the unemployed, who is currently watching TV on the sofa, and who will purportedly promptly "stimulate" the economy back into good health by going out and buying a pack oigarettes, a 6-pack of MGD, and a bag of Cheetoes. I think I'll buy stock in 7-Eleven. I figure they will be seeing an uptick in business.

In a 20 Volume set of Time/Life Books (now gone away) in the late '80's or early '90's, Volume 20, "The End of Golden Ages, included a list of 20 Markers of "The End." The Introduction said there was no hard, set sequence of Markers, except for Markers #1 and #20, and, I'm not sure I can remember them all, but, the few below will give you an idea where we stand.

Marker #1: about 150 years into the life of a civilization the Great Ladies (brandishing their "Weapons of Genderbat") begin rising to positions of "Great Power" pushing their primal biological imperative to build Nests (has nothing to do with children).

Marker #2: an explosion of attractive, lucrative Government jobs (Bureaus, Agencies, etc), as the "Ladies" begin looking at ways to increase the flow of Treasure from the common productive citizen to Government coffers controlled by the Ladies.

Marker #3: an ever growing list of Rules, Regulations, Policies, Procedures, Edicts, Decrees, Certificates, Permits, Fees, Taxes, Taxes, Taxes from a burgeoning wave of new Agencies, Bureaus, Departments, Offices and lone Tyrants (each having a brand new Power)...enabling newly acquired treasure to fund the construction of Walled Family Compounds, Baronial Mansions, Chateaus, Palaces, Castles, and, Fortresses demanded by the Ladies...now controlling the Nation from behind the Throne.

Marker #4: Imbalance of Trade as the Ladies begin to ignore local Industry and start importing exotic goods from a young, rapidly growing nearby civilization...to furnish their new, expensive, enviable Nests.

Marker #5: pushing away and, denigration of local Crafts, Skills, Trades, Artisans, Engineers and Builders.

Marker #6: Flight of Industry and Capital to foreign ports having little or no regulation and taxation.

Marker #7: denigration of the Citizen Soldier, who shed the blood needed to conquer and secure the territory that became the Empire, then, rose to positions of great responsibility and trust in the Nation. Noble though common Citizens, Men of courage and integrity, men of violence with Blood on their Swords...who would side with 'the people' in a clash of class warfare.

Marker #8: hiring of Mercenaries (Foreign or Domestic) as a Professional Military bound to their masters (misstresses) through a common love of gold. Men of violence with blood on their Swords, with only one loyalty...gold.

Marker #9: importation of cheap labor in the form of Slaves or, preferably, Wage Slaves that will import themselves.

Marker #10: the flight of Crafts, Skills, Trades, Artisans, Engineers and Builders to Foreign Ports chasing Industry and Jobs now absent in their own nation.

...there are more, mixed in and scattered between, but, memory failing, I'll let you fill in the blanks for all, except:...

Marker #20 is when the "Great Ladies" finally achieve the goal they began working on from Marker #1: disarming of the common man. This is achieved under cloak of the most terrible words in any language, "We are Civilized," they shriek, "The people do not need weapons, it'll cause sedition and rebellion. They'll be fighting amongst each other, killing each other, and, there is no need for this. We have all the weapons needed to protect the people. It's take away their weapons we must...to save the children."

"Let's not punish these people who have given so much so you and I can enjoy the freedoms we currently have." --Rep. Jim Clyburn (D-SC) claiming that Demos oppose Arizona's immigration law because illegals serve in the military -- except they can't

Aside from the obvious error in claiming illegals can serve in the military. What I find troubling is the words "currently have" regarding our freedoms.

"Hopefully, he [BHO] may also leave the voters wiser, though sadder, after they learn from painful experience that you can't judge politicians by their rhetoric, or ignore their past because of your hopes for the future. Voters may even wise up to race card fraud."

The unfortunate reality is that people learn most effectively and permenantly through personal experience and unfortutely we will have to experience the pain. I can only hope that once that lesson is finally learned, that we have not slipped so far down the slope that we can't climb back up out of the hole we are in.

"Other than that... "[I]f you set aside the Fort Hood bombing in Texas and the failed Christmas bomber, there has not been a major attack that's been anything close to successful on American soil." --ABC's George Stephanopoulos"

Did I miss something, or was there a bombing at Fort Hood, in addition to the shootings? Were the media hiding this, or are they simply wrong again?

I am a food service manager and I have entry level jobs open. These jobs lead to entry level management jobs, but no one wants them. Former managers want management jobs (even though they are not qualified for management jobs in our field) and they can collect unemployment benefits that equal the pay of the entry level jobs. They are not required by unemployment to take a job at a lower pay level than where they were before, so they sit on their butts, collecting their benefits which keep getting extended because "they can't find jobs".

Give me a break!

Duke of Earl, Chester Lott (that is his name) was only following in the footsteps of Benedict Dole. Dole thought he had a devine right to be king (oops President). And before anyone says how can you compare Dole to Arnold, both were war heroes (battle of Saratoga and defense of West Point). And both had wives that were envious of others getting promotions.

When it come to unemployment insurance, how come the republican leadership (still an oxymoron) is not saying which section of the Constitution authorizes it?

With the Obama and thugs track record, I am beginning to be scared to death of what may happen after the elections. Can you imagine what the 'lame ducks' will do for a finale??

Yesterday, I saw an online headline stating that Obama was "reveling" in the passage of his third major legislative victory since his term began.

Are you kidding me?

Obama passing major socialist-slanted legislation given the current Washington climate has as much chance of succeeding as does a drunken sailor of getting into a whorehouse with $100 bills hanging out of his pockets.

Come to think about it, the end result in both cases is pretty much the same.

"[W]hen all government, domestic and foreign, in little as in great things, shall be drawn to Washington as the center of all power, it will render powerless the checks provided of one government on another." --Thomas Jefferson, letter to Charles Hammond, 1821

"With the Obama and thugs track record, I am beginning to be scared to death of what may happen after the elections. Can you imagine what the 'lame ducks' will do for a finale??" Gary Danie

God Save America Land that I love.

For God & Country

The American

I enjoy the PP very much and wish more media would cover what you do. On occasion, I think the right-leaning goes a little far, almost enough to tip the boat, but at least it is leaning the correct way. However, this week, just a small observation here, the Newspulper Headlines had the entry:

Also Known as Golf Carts: "Obama in Driver's Seat -- of Electric Cars"

Sounds funny, but in all honesty, we should be cheerleading for electric cars. They are clean (if we can find a better way to manufacture batteries), pull us off of our dependency on terrorist-funding Mid-East countries, pulls price controls away from government and monopolies, and have much more torque than a gas-powered engine (as if that is really important).

To Shawn in NC, last time I checked electric power plants have scrubbers, electrostatic percipitators, etc. on their exhaust. Why is that?

Howard Last,

I never believed that Dole would be that great as president. I was definitely opposed to the "slickster." But that is really the point of this whole exercise, isn't it?

Shouldn't we 'commoners,' as those in Washington think of us, be demanding more change in our candidates. We are demanding the change but the power brokers in the G.O.P. continue to resist because their little fiefdoms are at risk. And, that too, is part of the problem. Michael Steele, Mitch McConnell and John Boehner need to wake up and smell the coffee. Their days are numbered.

Duke

I am tired of hearing that Reps are the party of "No". How about some brilliant marketing guru and the RNC come up with a campaign..."Darn right we are the party of NO. As in NO more Taxes, No more Spending, No more Central Planning, No more Regulations, No more Special Interests, No more Bureaucracy"...well you get the picture. RNC staffers - feel free to use it. NO payment necessary.

The only STIMULUS we NEED is the steel-toed boot of liberty robustly, soundly and repeatedly applied to the pompous ass of fascism in America.

I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.

Thomas Jefferson

For the most pat I consider myself conservative and agree with most of what is in the "Patroit Post". But I don't know how many of your readers Have had to face the employment market with little hope of finding meaningful employment. I live in an area that has been severely depressed for a long time. Jobs here are a luxurey that a lot of people can't find. I have been jobless since June 2009 and have had no luck finding anything that would pay as much or even as much as I get from unemployment benefits. I don't like being "on the dole", but I have a severely disabled fiancee and all the bills that everybody else has. If it weren't for my unemployment benefits, I honestly don't know where I would be.