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Today's Nuze

"Every government interference in the economy consists of giving an unearned benefit, extorted by force, to some men at the expense of others."

Ayn Rand

Nobody's listening.

ON TO ENERGY LEGISLATION

By
Neal Boortz
@ June 18, 2009 8:27 AM
Permalink | Comments (10) | TrackBacks (0)

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.



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What others are saying

  • cap and run.
    yes it is a tax, and no the green party is not green, its looking more and more like an incorporated arm of the newly formed socialist republicrat party.now if obama were to run as a part of the socialist party how many would have supported him.?
  • whts it called again...........
    no I don't mean capture and trader.

    that animal that leads all the others to the slaughter house............

    oh yea!

    the osamabaaaaaama goat. some may 'member it as the Judas goat....
  • Cap and Trade Bill
    Found this interesting bit of information in the proposed bill...not that it will matter since the only people who read this probably don't support the bill anyways! ;)

    “Title IV, Subtitle B, Part 2, Section 426, of the American Clean Energy and Security Act of 2009 states: ‘An eligible worker (specifically, workers who lose their jobs as a result of this measure) may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks…80 percent of the monthly premium of any health insurance coverage…up to a maximum payment of $1,500 in relocation allowance…and job search expenses not exceed[ing] $1,500.’”

    Unemployment and a jobs bank...what happened to all of those "green jobs" that will be created when energy workers get laid off?!
  • Cap & Trade
    The Chinese will benefit the most because American made goods will cost way too much. They are not subject to these punishing taxes.
  • bman@ucom.net
    This energy plan will double your food prices. Farming and ranching are energy intense. Watch the EPA and its methane gas tax, it will destroy our rural economy.
  • Chain of Change
    Even without cap and trade we face a declining dollar, double digit inflation, employment reaching well over 10%, and soaring energy prices. It will of interest to see the Democratic Party’s response to $3.00+ a gallon gasoline this fall. Can they make the oil companies the evil cause? With continued high energy prices, will the Democrats lose control of Congress in 2010? In 2011 will the new Congress impeach President Obama for incompetence, followed by President Biden’s impeachment for the same? Will the massive nationalization of businesses and the ensuing failure be the cause for a new Constitutional Convention to limit federal power?

    Alas, don't look for this to really happen since people are too dumb to see what is happening. Instead look for the Federal Government to nationalize all energy companies, including the oil companies.
  • cap and trade?
    should be calling it "kneecapin' trade" :p
  • Cap And Trade
    Even democrats in congress are starting to sweat profusely over the ridiculous agenda this marxist narcissist (that would be OBAMA) is proposing. It's going to be fun watching King Hussein whine and cry when his own damned party puts the brakes on him. LOL
  • cap-and-trade plan is not anti-pollution
    all of you people who argue with lefties about GW and what should be done about it ask them to view this movie.
    http://blip.tv/file/1004193/
    you can tell them they've been lied to.
    (as much as all of us have been lied to)
  • Smoot-Hawley/Waxman-Markey
    If the predictions are true and this thing is passed it will likely have an effect similar to Smoot-Hawley.
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