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Treasury Memo: Cap and Trade Would Devastate U.S. Industrial Base, Trigger Energy Rationing
Sep 24th, 2009
Daily NewsNewsmax.com - John Rossomando
Categories: Today's Headlines;Warning

President Obama's cap-and-trade plan could deliver several blows to the U.S. economy, according to a Treasury Department memo that one observer described as "damning."

The country could lose 1 percent of its gross domestic product, face accelerated outsourcing of manufacturing jobs, and experience energy rationing if cap and trade became law, according to the memo, which the Competitive Enterprise Institute obtained under the Freedom of Information Act.

“The memo was damning particularly . . . by pointing out what opponents of cap and trade have long said is the point of cap and trade, and has been proven by Europe’s experience,” said Christopher Horner, a senior fellow at the institute. "You will chase off energy intensive industries — meaning manufacturing jobs. The memo singles out steel, cement, chemical . . . glass, plastic, and ceramics — the same ones that have been clobbered in Europe by this.

“This is the largest outsourcing scheme in history, not just in theory, but in practice,” he said.

The memo, prepared after Obama’s Feb. 24 speech to a joint session of Congress, details Treasury's analysis of the economic impact of cap and trade, which ties climate change to business practices.

The United States gained steel jobs from Spain because the manufacturer's costs under the European Union’s cap-and-trade program chased the jobs to Kentucky, Horner said. However, that foreshadows how cap and trade could cost the United States jobs that move abroad, he said.

The report concludes that cap and trade could result in the loss of the U.S. market share in the global economy.

The administration expects cap and trade to double the economic costs of all environmental regulations to the economy, and Horner said the 1 percent reduction in GDP would “institutionalize recession.”

Cap and trade could generate between $100 billion and $200 billion in federal revenue each year and would increase the cost of existing energy tax provisions, according to the memo.

The Treasury official who wrote the memo suggests using either a carbon tax or a cap-and-trade system that would price carbon at either a fixed tax rate or at a variable market price of emission allowances. The price would be set at a level where firms and consumers would experience enough financial pain to compel them to reduce their emissions.

“Cap and trade has one purpose, and that’s axiomatic, and that is to increase the cost of energy,” Horner said. “The president’s proposal — and that’s what the Treasury is talking about — would cause electricity prices to skyrocket [because] the cost of energy is embedded in everything, so you are talking about a very economically damaging proposal.

There is a Jewish organization that plans to reclaim land in Jordan that God gave to the Jewish people 3,500 years ago
Sep 24th, 2009
News UpdateJimmy DeYoung
Categories: Jimmy DeYoung News

The Israel Land Fund, a group of dedicated Jews who have been restoring Jewish properties in Jerusalem, Judea and Samaria are now looking East into modern day Jordan with plans to reclaim historically Jewish properties in Jordan as well.

Many Jews purchased land in what is now Jordan during the British mandate when such land was seen primarily as part of the greater land of Israel which was confiscated by Jordan's rulers after Jordan declared independence as an Arab-Moslem country in 1946.

The Jewish group now faces great difficulty in purchasing this formerly Jewish land since Jordanian law views the sell of land to Jews or Israelis as a capitol offense and punishable by death.

Jimmy's Prophetic Prospective on the News

The plan by a group of Jews to reclaim land in the state of Jordan, land given to the Jews by God 3,500 years ago is a page out of Bible prophecy for the Last Days.

The Israeli Land Fund has been actively reclaiming Jewish land in Jerusalem, Judea and Samaria. They are purchasing this land for cash money and plan to expand their efforts across the Jordan River so they can reclaim Jewish land that Jordan has confiscated for its own use.

The truth be known, the land in question was given to the Jewish people, two of the twelve tribes of Israel, some 3,500 years ago, Joshua 13:15-28. In fact, the Lord promised the Jewish people ten times what they have today according to the thirty eight passages of Scripture that define the Biblical borders of Israel.

This land will only be given to the Jews in the Kingdom Period, that thousand year time frame after the Tribulation, the seven years of judgment on the earth, and the return of the Messiah, Jesus Christ, Genesis 15 and Deuteronomy 30, the Abrahamic and the Land Covenants. Until that time however, there will be a continuing conflict between the Moslems and the Jews.

The Israel Land Fund may or may not purchase land in Jordan today, but in some near future tomorrow, Bible prophecy will be fulfilled.

Major U.S. Protests Against Ahmedinajad
Sep 24th, 2009
Daily NewsArutz Sheva - Hillel Fendel
Categories: Today's Headlines;Warning

Several major protests are scheduled for 12 noon on Thursday, in New York City, Washington, and elsewhere, against Iranian President Ahmadinejad’s scheduled speech in the United Nations.

In New York City, a host of organizations will be gathering outside the UN at Dag Hammerskjold Plaza, 42nd St. & 2nd Ave. The rally will call for “freedom from Iran’s nuclear threat to Israel, America and the free world; freedom from the United Nation’s anti-Semitism and hatred of Israel; freedom from the threat of Radical Islam to the free world; and freedom from Obama’s anti-Israel policy of pandering to the Arab world and pressuring Israel to self-destruct.”

Protestors are being asked to bring Israeli and American flags, as well as banners and signs. “As radical Islam is on the march,” Americans for a Safe Israel/AFSI explains, “fueled by Saudi and Iranian money and terror, abetted by the United Abominations, one has to be prepared to answer the child’s question: ‘What did you do to prevent this from happening?

The wide range of sponsoring organizations includes: Stand for Freedom in Iran Coalition; Progressive American Iranian Committee; StandWithUs, Jewish Community Relations Council of New York; UJA-Federation of New York; National Interagency Task Force on Iran; Retail, Wholesale and Department Store Union; New York City Central Labor Council: AFL-CIO; American Federation of Teachers; United Federation of Teachers; NAACP - New York Conference; The Cathedral of St. John the Divine; New York Coalition of 100 Black Women; Puerto Rican Coalition; 100 Hispanic Women;

At the same time, in Washington, D.C., thousands are expected to participate in a similar rally, entitled “Stand for Freedom From Iranian Threats.”  The said threats include terrorism, nuclear bombs, and human rights abuses. This rally, too, will be held Thursday at noon, at Farragut Square Park.  “Join the thousands of Americans who stand for freedom from the threat of a nuclear Iran, as President Ahmadinejad addresses the UN General Assembly,” call the two sponsors, the Jewish Federation of Greater Washington and the Jewish Community Relations Council.

Other similar demonstrations will be held elsewhere in the United States against Ahmadinejad and his regime's human rights abuses and nuclear aspirations. Standwithus.com and the Israel Project provide this list: Los Angeles: Wednesday, September 23, 6-10 PM  at the Federal Building on Wilshire and Veteran Detroit: Thursday, September 24, 5:30 PM, at Holocaust Memorial Center Zekelman Family Campus in Farmington Hills St. Louis: Thursday, September 24, noon, at Jewish Federation, 12 Millstone Campus Dr

Israel, Islam and Armageddon 6 Parts
Sep 24th, 2009
VideoYou Tube
Categories: The Nation Of Israel;Prophecy