Before (House Minority Leader John Boehner, R-Ohio) took the floor, Republicans asked the House to observe a moment of silence for Americans who would lose their jobs as a result of the bill. Democrats objected. Pelosi argued later that the bill would mean “jobs, jobs, jobs, jobs.”
Last week, the Congressional Budget Office (CBO) released their analysis of the Waxman-Markey climate change bill that had proponents of the bill claiming Americans could save the planet for just $175 per household. That was the figure CBO estimated cap and trade would cost households in 2020 alone.[1]
Both the CBO’s analysis and the subsequent legislation are troubled: The analysis grossly underestimates economic costs while the legislation will have virtually no impact on climate.
Overall, there are a number of basic problems with CBO’s analysis:
-Their allowance cost numbers do not add up;
-They ignore economic costs such as the decrease in gross domestic product (GDP) as a result of the bill; and
-The analysis is an accounting analysis, not an economic analysis.
The Pelosi Democrats will try and push through the massive tax hike that is disguised as “cap and trade” today, and the 1200 plus page bill is constantly changing and of course has not been read much less understood by the Democrats voting for it. If this bill or anything remotely like it becomes law, the American economy will be pushed into a deep recession that will make the past six months look like the good old days
Moderates and conservatives are wrong to expect that the Senate will simply kill the bill, though all efforts will have to be switched immediately to the upper chamber if the Pelosi/Waxman/Markey radicals bribe enough Dems with special provisions to pass it today. The so-called Blue Dog Democrats are proving to be worthless as a check on the hard left of their party, and only a huge course correction in November 2010 will keep the country safe from the radicals currently running the Democratic caucus in the House. No one who votes for this bill can claim to be a “moderate Democrat.”
An analysis of the Waxman-Markey bill (as reported out of the House Committee on Energy and Commerce) by The Heritage Foundation found that unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035, the last year of the analysis. Total GDP loss by 2035 would be $9.4 trillion. The national debt would balloon as the economy slowed, saddling a family of four with $114,915 of additional national debt. Families would also suffer, as the bill would slap the equivalent of a $4,609 tax on a family of four by 2035.[1]
My kind of blog. Don’t believe this is not a tax on those making under $250,000. Everything this bill touches will go down the FOOD chain. Gas, electricity, food, products and services. Everything will go up, but it’s not a tax on you.
http://animal-farm.us/obama/public-service-announcement-1-488
Foxwood: first, thank you so KINDLY for visting my blog, welcome aboard, and thank you for taking the time to comment!
This is a tax on EVERYone! It WILL reach down to EVERY individual in the United States, yes.
BZ
To ARMS! To ARMS! American Patriots to ARMS!
I’m wondering, Fred, I’m really wondering.
BZ
It is common knowledge that no one in the House who voted for this bill has actually taken the time to read this bill.
Seems to me that is a case of political malpractice.
As for the Senate’s stopping the bill, maybe that will happen. The Senate tends to be more conservative.
Looks like we are going to have to move if this passes the Senate.
This is the second time they have shoved through a bill without reading it and put stuff in there the last minute.
This makes me nautious.
This is the second time they have shoved through a bill without reading it and put stuff in there the last minute.
What theys are you talking about, The 8 Republicans that voted for it or the 44 Democrats that voted agaisnt it?
This is taxation without representation on steroids.
God was missing for six days. Eventually, Michael, the archangel, found him, resting on the seventh day..
He inquired, “Where have you been?”
God smiled deeply and proudly pointed downwards through the clouds, “Look, Michael. Look what I’ve made.”
Archangel Michael looked puzzled, and said, “What is it?”
“It’s a planet,” replied God, and I’ve put life on it.. I’m going to call it Earth and it’s going to be a place to test Balance.”
“Balance?” inquired Michael, “I’m still confused.”
God explained, pointing to different parts of earth. “For example, northern Europe will be a place of great opportunity and wealth, while southern Europe is going to be poor.
Over here I’ve placed a continent of white people, and over there is a continent of black people. Balance in all things.”
God continued pointing to different countries. “This one will be extremely hot, while this one will be very cold and covered in ice.”
The Archangel , impressed by God’s work, then pointed to a land area and said, “What’s that one?”
“That’s the State of North Carolina, the most glorious place on earth. There are beautiful mountains, rivers and streams, lakes, forests, hills, and plains.
The people from the State of North Carolina are going to be handsome, modest, intelligent, and humorous, and they are going to travel the world. They will be extremely sociable, hardworking, high achieving, carriers of peace, and producers of good things.”
Michael gasped in wonder and admiration, but then asked, “But what about balance, God? You said there would be balance..”
God smiled, “There’s Washington DC. Wait till you see the idiots I put there.
Idiots indeed. The place is papered with them.
BZ
I may be spotty on my postings this next week with my sister and Nephew Visiting Dutch Harbor But I really do need to get this one in here.
WHO THE FUCK DO THESE SONS OF BITCHES THINK THEY ARE THAT THEY CAN TAX THE VERY AIR WE BREATHE?
This will “solve” NOTHING. Even their “pseudo science” of “Global Warming” shows that this will have ABSOLUTELY NO EFFECT!
To Arms?…..
How about a few Nukes?
And…hey losers…you had your fun with the past 8 years of recklessness. Now the grown ups have stepped in to clean up the mess before this country implodes. Sit down and shut the fuck up.
Liberaldude
And so tell me, specifically, LD, HOW it is that Obama is going to “clean up the mess”?
Be very specific.
BZ
http://www.whitehouse.gov
Poor anonymous forgot that the White House no longer puts out documents for public consumption that were standard under the previous Administration. Nor does it keep good archives. That isn’t a very ‘adult’ way to run a web site and keep yourself transparent. You may not have liked that Cheney talked with energy groups, but will you uphold that exact, same standard for Labor Unions, ‘activists’ and the like in the current Administration?
If so you have reason to worry and protest NOW as they aren’t doing that NOW.
Not very ‘adult’ of them.
I can find better archives of the NYT, of all places, what they put out in 1899 than I can of the current Administration’s output last month… not to speak of since JAN 2009. One takes an ‘adult’ responsibility to the public, no matter how slanted, and the other believes in ‘Hope & Change’ without a plan save for taxing us into deep insolvency.
The few things they have let out now demonstrate that the ‘stimulus’ is doing the opposite of expected. Ditto TARP which was started by their predecessor and CONTINUED by them. If it isn’t working, then WHY continue it?
That isn’t very ‘adult’.
Adults learn from experience, learn from history, derive wisdom from someone outside of Alinsky, Che and Marx… but then adults know better than to expect government to do much of anything well. If your DMV can’t keep good records, can’t process them in a timely fashion, can’t offer good services without a waiting line… then imagine that you are freezing to death because of cap’n’trade and YOU can’t get good service, record keeping or, indeed, much of anything from the government causing your problem. Instead of imagining a magical omni-competent government, imagine an all too real omni-incompetent one that refuses to change due to ‘Hope & Change’.
Hope is many things, a succor to the oppressed and the last thing left in the box when all the ills of the world were released. Do note that Hope did not do a damned thing TO the ills of the world or stop them when it had a chance.
Hope is not a strategy but a plea from someone who has none.
Hope doesn’t win wars.
Hope doesn’t keep the peace.
Hope sure, as hell, doesn’t make you well or provide you warmth in the arctic or shade in the desert. You are up to your own devices for those things… and about all you can Hope for is that government doesn’t stop you from getting them. When it interferes it is not helping no matter what the handout, no matter how nice the smile… it is the handout from the punisher, the enticement from the holder of our negative liberties that we entrust to it to defend us. Not ‘help’ us.
Viewing government in any other light isn’t ‘adult’ it is childish… and it will get you killed by the kindness of the punisher. Sweetcakes and the lash… they really shouldn’t go together…
‘The beatings will stop as soon as morale improves.’