Friday, June 26, 2009

Cap and Trade is really Tax and Betray

Obama, Waxman and Pelosi will Betray America with Phony Climate tax bill
Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can't repeal that reality.—The Wall Street Journal
Today Democrats are about to vote for the greatest tax increase in American history in a bill called the Clean Energy and Security Act. Oh they will call it Cap and Trade and they will tell Americans that it’s for the reduction of green house gases but let me assure you that there is only one reason that Democrats are hotly pursuing this cause, MONEY. Your money, you remember the Obama telling Steve Scully of C-Span that America is out of money? (previous post) (see 3:08sec video forgive poor quality)

Well Democrat law makers have found a new revenue stream and you’re it. Oh you’re not new but they’ve found a new way to tax you. They tell you a lie and they tax you on the lie that they’ve told you. That’s right Global warming is a fraud (see article)
CO2 is not a "pollutant." The best evidence we have from climate science shows that any warming from the emission of greenhouse gases is insignificant — contrary to claims by the UN-IPCC. See the NIPCC report, Nature Not Human Activity Rules the Climate, at

• The climate has not been warming since 1998 — in spite of steadily rising CO2 levels. But even if it were warming, reputable economists have shown that it would yield overall benefits. For details, see the NIPCC report.
• Finally, the level of CO2 is now largely controlled by emissions from China . But even if all nations were to cut emissions according to the Kyoto Protocol, CO2 levels would continue to rise, albeit at a slightly slower rate.
(previous post) and (related article)
And then there is the hit to Gross Domestic Product that is the real threat in this bill. The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less.

That right you heard me Democrats are going to vote today to raise your taxes right square in the middle of the worst economic crisis since the great depression and that according to Barack Obama! These higher taxes will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result. (Wait a minute, wasn't Obama supposed to create more jobs lower unemployment and keep jobs in America?)

When the Heritage Foundation did its analysis of Waxman-Markey, or the Clean Energy and Security Act, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill's restrictions kick in, that number rises to $6,800 for a family of four by 2035.

The bottom line is in the middle of the worst financial crisis since the great depression Democrats are posed to pass the biggest tax in American history on Americans that are the least able to pay it.

This is an irresponsible act that will cause irreparable harm to the American economy. However in the event that we all lose our homes and have to sleep in the streets at least we'll have clean air to breathe! (Along with a tax bill that we'll be unable to pay!)

Oh that's right this bill will do next to nothing to clean the air. I guess we're screwed by this Congress and President no matter what they do!

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