Saturday, June 27, 2009

A Sad, Sad Day

Well, Thursday evening was, at the “Cap-And-Trade” bill was passed in the House.  What is saddest is that there were 8 so-called Conservatives (at least they get a little “R” next to their name) who voted FOR this bill.

Those Republican Representatives are:

  • Bono Mack (CA) (202) 225-5330
  • Castle (DE) (202) 225-4165
  • Kirk (IL) (202) 225-4385
  • Lance (NJ) (202) 225-5361
  • LoBiondo (NJ) (202) 225-6572
  • McHugh (NY) (202) 225-4611
  • Reichert (WA) (202) 225-7761
  • Smith (NJ) (202) 225-3765

Now, one may wonder why it is that I despise this particularly bill. After all, the Democrats promise us that it’s ever-so-important in regards to the environment.

What the Dims don’t want you to know, is that this bill will be responsible for raising that cost of energy by thousands of dollars.  And that price tag is even before you factor in the jobs that will be lost, and the 1.6 Trillion dollar price tag attached.

In effect this is a massive tax on every person in this country.

But of course the Liberals don’t want THAT to be the sound bite. They tell everyone that the Businesses pick up the bill. That the “Cap and Trade” in question here are just fines and fees levied against businesses.

But that belays the most obvious thing that any business owner will tell you:

 Businesses do not pay taxes.

It’s simple. They don’t. They never have, and they never will. Anything that comes their way that is labeled as a tax or a fee or a fine, is merely passed onto the consumer. It’s part of the price that you pay for any good or service.

Anyone who tells you otherwise is lying or ignorant. Or both.

But it gets better, those folks who know these things—and I’m including the greenies here –state that this bill will influence the environment by less than 1/10th of a degree in 50 years.

Yes, our “fair” leaders have seen fit to saddle us with massive debt, a program which encourages the wasteful spending of states such as California, and passes that burden onto more fiscally conservative states (such as Indiana) and one which seems to be designed to drive businesses overseas.

They will be driven to counties which produce more “greenhouse” gases than we do, and by driving our businesses to them, they will see no real reason to stop producing the gasses which get an environmentalist’s panties into such a bunch.

In fact, this is what the Heritage Foundation has defined as the end result of this bill if it manages to pass the Senate:

  • Compared to no cap and trade, real GDP losses increase an additional $2 trillion, from $7.4 trillion under the original draft to $9.6 trillion under the new draft;
  • Compared to no cap and trade, average unemployment increases an additional 261,000 jobs, from 844,000 lost jobs under the original draft to 1,105,000 lost jobs under the new draft; and
  • Peak-year unemployment losses rise by 500,000 jobs, from 2 million under the original draft to 2.5 million under the new draft.

By 2035 the bill will:

  • Reduce aggregate gross domestic product (GDP) by $9.4 trillion;
  • Destroy 1,145,000 jobs on average, with peak years seeing unemployment rise by over 2,479,000 jobs;
  • Raise electricity rates 90 percent after adjusting for inflation;
  • Raise inflation-adjusted gasoline prices by 58 percent;
  • Raise residential natural gas prices by 55 percent;
  • Raise an average family's annual energy bill by $1,241; and
  • Result in an increase of $28,728 in additional federal debt per person, again after adjusting for inflation

Why anyone thought this was a good idea is beyond me, but I guess that’s why I’m a Conservative.

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