Wednesday, June 24, 2009
Cap and Trade Folly
This is a post from Powerline about the cap-and-trade energy tax. I thought I would share as it gets to the nuts and bolts of the issue. Alot of money out of our wallets for no sound or justifiable reason. Contact your rep today!!! I already did.
-----
In his press conference today, President Obama talked about the cap-and-trade energy tax that the Democrats are trying to ram through Congress. Obama's nose grew a couple of inches as he uttered this howler: At a time of great fiscal challenges, this legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air we breathe.
The idea that the energy tax will come to rest with "polluters"--that is to say, power companies, manufacturers, agribusinesses, and so on--is absurd. The cost will be passed on to consumers, as Obama himself admitted during a moment of candor during the campaign, when he said that electricity costs would "skyrocket" under his cap-and-trade proposal.
Obama isn't dumb enough to believe that the many billions of dollars in costs that his proposal will impose on energy companies, etc., will somehow disappear thereafter. But he thinks you are.
Meanwhile, others are putting out information, rather than disinformation, on the disaster that is Waxman-Markey. Like the National Mining Association, which produced this map showing, state by state, how many millions of dollars in costs will be imposed on each state annually under the bill's allowance allocation formula. Click to enlarge:
Here in Minnesota, we can look forward to an additional $100 million+ in costs to be paid for annually by taxpayers and energy consumers. Go here to learn much more. Waxman-Markey would be a very stupid bill even if it were true that 1) the earth is getting warmer, 2) human activity is mostly responsible for climate changes, and 3) a warmer earth would be a bad thing. Given that all three of these premises are false--we cannot, in fact, control the weather--Waxman-Markey is a suicidal monument to human folly.
It is becoming more and morer obvious that the Obama administratoin's operative political theory is that the American people are incredibly dumb.
-----
In his press conference today, President Obama talked about the cap-and-trade energy tax that the Democrats are trying to ram through Congress. Obama's nose grew a couple of inches as he uttered this howler: At a time of great fiscal challenges, this legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air we breathe.
The idea that the energy tax will come to rest with "polluters"--that is to say, power companies, manufacturers, agribusinesses, and so on--is absurd. The cost will be passed on to consumers, as Obama himself admitted during a moment of candor during the campaign, when he said that electricity costs would "skyrocket" under his cap-and-trade proposal.
Obama isn't dumb enough to believe that the many billions of dollars in costs that his proposal will impose on energy companies, etc., will somehow disappear thereafter. But he thinks you are.
Meanwhile, others are putting out information, rather than disinformation, on the disaster that is Waxman-Markey. Like the National Mining Association, which produced this map showing, state by state, how many millions of dollars in costs will be imposed on each state annually under the bill's allowance allocation formula. Click to enlarge:
Here in Minnesota, we can look forward to an additional $100 million+ in costs to be paid for annually by taxpayers and energy consumers. Go here to learn much more. Waxman-Markey would be a very stupid bill even if it were true that 1) the earth is getting warmer, 2) human activity is mostly responsible for climate changes, and 3) a warmer earth would be a bad thing. Given that all three of these premises are false--we cannot, in fact, control the weather--Waxman-Markey is a suicidal monument to human folly.
It is becoming more and morer obvious that the Obama administratoin's operative political theory is that the American people are incredibly dumb.
