Obama's "crap and trade" past

Barack Obama promised voters last fall that 95 percent of Americans would see a tax cut. If his proposed energy tax, known as cap and trade, makes it into law, all Americans will suffer a tax hike.

I like to call it "crap and trade."

Fox News did some digging into Barack Obama's cap and trade past. I do some more.

In 2000 and 2001, while Barack Obama served as a board member for a Chicago-based charitable foundation, he helped to fund a pioneering carbon trading exchange that is likely to fill a critical role in the controversial cap-and-trade carbon reduction scheme that President Obama is now trying to push rapidly through Congress.

During those two years, the Joyce Foundation gave nearly $1.1 million in two separate grants that were instrumental in developing and launching the privately-owned Chicago Climate Exchange, which now calls itself "North America's only cap and trade system for all six greenhouse gases, with global affiliates and projects worldwide."

One of those gases is carbon dioxide, the most ubiquitous greenhouse gas and the focus of the most far-reaching -- and contentious -- efforts to combat "climate change." On Monday, Obama's Environmental Protection Agency declared carbon dioxide a public health threat.

The President of the Joyce Foundation in 2000, when the foundation made its first grant to the Climate Exchange, was Paula DiPerna, who is now executive vice president of the Chicago Climate Exchange in charge of corporate recruitment and public policy, as well as president of CCX International.

Sitting on the advisory board of CCX is Joseph Kennedy II, perhaps the biggest hypocrite of the Kennedy family--and that's saying a lot. His first wife says that the onetime Massachusetts Congressman forced her to accept an annulment, which the Vatican later overturned.

The Kennedy family, all 900 of them, opposes the Cape Wind project, which would be built off the coast of Cape Cod, near the family's beloved Hyannis Port playground.

The windmills pictured in rural Lee County, Illinois, far from Chicago, far from the Kennedys.

Obama's position on Cape Wind is not known.

Related posts:

A Kennedy is on the advisory board of the Chicago Climate Exchange

Not in my back yard: Commission rejects Cape Wind project

RFK, Jr: Environmental hypocrite

New North Dakota wind farm, Cape Wind flounders

Technorati tags: wind renewable energy Massachusetts wind power Cape Wind Obama Barack Obama Democrats Politics Chicago illinois kennedy ccx