Ok, we all know that this Cap and Trade bill is a huge tax on electricity – don’t we? Its whole purpose is to raise the price of energy in the U.S. so much that it will reduce the use of fossil fuels by 17% by 2020 and by 83% by 2050 — to the level in 1907 when most folks still used horses and most did not even have electricity!
Yet Barack Obama calls it a jobs bill. He’s a magician performing slight of hand with words. He uses the words that we like to hear but it’s all a lie.
But it is no magic that will siphon your money right out of your pocket. And it will not create one single job — it will kill jobs!
The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.
All those soccer moms better get used to riding their horses to the grocery store and back. And their husbands better get used to working the farms again, by hand, as high cost energy will chase remaining American manufacturing out of the country to India and China, which do not suffer from Al Gore’s delusions about supposed global warming. –Spectator
You know how Obama and his spokespeople all blame Bush for the recession and deficits? Obama touted his new budget and how it would reduce the federal deficit in half in five years. This was passed by his Democrat Congress and what have they done to us?
This year’s deficit blows up to a record busting $1.8 trillion, four times bigger than Bush’s largest deficit, and seven times bigger than Reagan’s largest, and somehow it is all Bush’s fault. Bush is not spending all this money and raising taxes, now is he?
Obama was really good with his campaign promises. No new taxes – except for cigarettes, except for electricity, and except for that %25 VAT tax on everything to pay for his delusions.
He already promised to raise the top two income tax rates by over 10%, the capital gains tax rate by 33%, and the tax rate on dividends by 33%, and forget about inheriting anything from Aunt Molly. Obama will take 45% of that! He said so.
Think about it. How will you live?
His tax cut for 95% of Americans turned out to be a puny $400 per worker tax credit that is phased out after next year, when his tax increases take effect. Then what? Is this what you voted for?
During the campaign, Obama also pledged that he would never raise taxes in any form on Americans making less than $250,000 per year. But his cap and trade tax is estimated to cost American families almost $2,000 a year when it becomes effective, growing to almost $7,000 a year for a family of four by 2035. That will be paid through higher prices for electricity, oil, gasoline, natural gas, home heating oil, coal, food, and every product that is produced or transported using energy. Remember: when the first President Bush violated his oft-repeated campaign pledge not to raise taxes, voters booted him out in the next election.
Do the same here starting with every Democrat in 2010!
