As I've already pointed out, the Obama administration knows that it has to act quick on these big agenda items. Healthcare has clearly taken center stage lately. But we can't forget about Obama's energy legislation. The cap-and-trade bill is back in the mix, and guess what? Obama wants the bill to be passed next week! Next week will be dubbed "energy week." Well isn't that special!
Gawd, that was fast. Just in case you don't remember how incredibly painful this bill would be for the American economy, Citizens Against Government Waste has some more details:
In reality, this cap-and-trade plan is nothing more than a hidden tax that The Heritage Foundation has estimated could increase the average American family's energy bill by $1,500 annually!
..... These higher operating costs for utilities, oil companies, and industry will ultimately trickle down to individual Americans, and you will pay an estimated 74 percent more for gasoline, 90 percent more for electricity, and 55 percent more on your natural gas bill. And that's not the end of it. You'll also pay more for every product that requires fossil fuels in its manufacture or transportation!
The Waxman-Markey cap-and-trade plan will also grow the size and cost of government by requiring the Environmental Protection Agency to establish a greenhouse gas (GHG) registry, create a GHG emission allowance transfer system, and set emission allowances from 2012-2050. This army of new bureaucrats will eventually control every aspect of industrial, commercial, and individual energy use. You won't be able to tune up your car or install a grill in your back yard without federal interference ... perhaps even a costly environmental impact study. What's more, the cap-and-trade program will necessarily be ripe for political favoritism and corruption, as politicians and bureaucrats manipulate the system for favored industries.
Climatologist Chip Knappenberger has estimated that the 83 percent reduction in greenhouse gas emissions mandated under Waxman-Markey by 2050 will result in a drop in climate temperature of only nine-hundredths of 1 degree Fahrenheit. That's equivalent to just two years of avoided global warming.
It's a tax, my friends. It's all about the government getting more of your money. The pretense here is the environment. There's a reason why these environmental pushes come from the political left. It's not about the environment. It's about expanding the scope and the size of the Imperial Federal Government. It's about control over your life. Wake up. Global warming is a fraud.