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Obama and Your Electric Bill
Human Events ^ | March 19,2009 | Ernest Istook

Posted on 03/19/2009 6:07:06 AM PDT by SeekAndFind

President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.

While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.

Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.

As the Washington Times reported:

President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed by the White House. . . . At the meeting, Jason Furman, a top Obama staffer, estimated that the president's cap-and-trade program could cost up to three times as much as the administration's early estimate of $646 billion over eight years.

Put another way, Furman estimates the cap-and-trade scheme will cost, on average, $250 billion annually. That estimate must be taken seriously because Furman is deputy director of Obama’s National Economic Council.

So what does this mean to everyday Americans? Let’s put those numbers into context.

Total electricity sales (business and residential combined) run about $343 billion a year (according to 2007 Department of Energy figures). Throw in our other energy expenses -- gasoline, natural gas, etc. -- and the U.S. Department of Energy estimates our total energy spending at “over $500 billion.”

So Obama’s $250-billion a year energy tax could approach a 50% increase in what you, as a consumer, pay for energy, since all costs are passed along to consumers. Yet the Obama budget audaciously claims that it will “reduce utility bills”

According to the White Fence Index, the average home utility bill is $297 per month, which is about $3,600 per year. So a 50% increase would be $1,800 per year under the Obama proposal. This far exceeds a Heritage Foundation projection of $467 a year in higher utility bills under an earlier U.S. Senate energy tax plan. That less-aggressive plan, though, could have cost 500,000 to 1 million jobs, according to Heritage. Who knows how many jobs would be lost under Obama’s more burdensome plan? The lost jobs would become “gangrene jobs,” a counter to Obama’s claim to create new “green jobs.”

The White House and Mr. Furman try to justify drastically higher energy costs by offsetting it with their plan to give 95% of American families a permanent $800 per year “Making Work Pay” tax credit. (42% of that “tax cut” would actually go to people who don’t pay any income tax.) But even with the $800 subsidy, the net loss is $1,000 per family per year.

Obama also proposes to use the new energy tax to subsidize “green energy” technologies. The idea is to replace affordable nuclear and fossil energy sources with (far more expensive) renewal energy. Replacing cheap power with expensive power will raise energy costs even above the increase attributable to Obama’s energy tax.

Obama and his allies justify it all by claiming it’s necessary to save the planet from man-made global warming, even though the Earth for many years has been cooling instead.

A recent Gallup poll found a record-high 41% of Americans now believe mainstream media exaggerate global warming dangers in their reporting. They are not alone.

The ranks of skeptics keep expanding among the experts as well. More than 800 experts who are dubious about environmental alarmism attended this month’s International Conference on Climate Change. That group so far has gathered signatures of more than 31,072 American scientists who endorse this conclusion: "There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate.”

Yet President Obama and his political allies in Congress are pushing aggressively for climate change legislation as a centerpiece of their agenda.

Americans angered by the big-spending liberal bent in Washington are already organizing tea parties in protest. In addition to making teabags the symbol of protest, perhaps thermometers should be included as well. Slogans such as, “Hands Off My Guns” may be replaced by “Hands Off My Thermostat.”

Nevertheless, one major man-made threat of global warming should never be overlooked -- the quantity of hot air being emitted in Washington, DC.

==============================================================================

Ernest Istook calls himself a "recovering Congressman" from Oklahoma. He is now a Distinguished Fellow at The Heritage Foundation and chairs the National Advisory Board for Save Our Secret Ballot, www.SOSballot.org.


TOPICS: Business/Economy; Editorial; Government; News/Current Events
KEYWORDS: bho44; electricity; energy; obama; scam

1 posted on 03/19/2009 6:07:06 AM PDT by SeekAndFind
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To: SeekAndFind

Call it what it is theft.


2 posted on 03/19/2009 6:12:26 AM PDT by Venturer
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To: Venturer

FUBO


3 posted on 03/19/2009 6:13:01 AM PDT by A. Morgan (Every night I pray that Rezko and Blago roll over on Obama!)
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To: SeekAndFind
While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.

McCain was such a lousy candidate. We can see what Obama is like -- we need to recall that McCain pretty much ran a campaign declaring "I'm just like Obama!" Which is pretty darn scary.

I never tire of pointing out an exchange in one of the early presidential debates. Obama was asked for specific areas where he would cut the budget. His (paraphrased) response: "We do need to cut the budget, and I will. I will cut the budget by investing in roads and bridges. I will invest in health care and education. I will invest in green technology."

Then they asked McCain where he would cut the budget. His answer: "Defense".

4 posted on 03/19/2009 6:14:37 AM PDT by ClearCase_guy (American Revolution II -- overdue)
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To: SeekAndFind

What do Zero supporters care? They live in public housing where you and I foot the bill anyway.


5 posted on 03/19/2009 6:14:38 AM PDT by Blood of Tyrants (Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
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To: SeekAndFind
Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.

Just another example of how a RINO destroys Conservatives.

6 posted on 03/19/2009 6:14:40 AM PDT by Obadiah (Party - my house - on December 22, 2012!)
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To: SeekAndFind
Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.

McNuts = Zero lite

7 posted on 03/19/2009 6:15:12 AM PDT by Bushbacker1 (I'll miss President Bush greatly! Palin in 2012!)
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To: SeekAndFind

Obama campained on all of the things he is doing. He was very up front about it. The MSM just did not report it.


8 posted on 03/19/2009 6:15:52 AM PDT by screaminsunshine (!!)
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To: ClearCase_guy

McCain had to be THE WORST candidate in the bunch. He couldn’t distinguish himself from the zero in one significant way. Not on energy, not on government waste, not on anything other than the WOT in Iraq which was winding down anyway.


9 posted on 03/19/2009 6:16:19 AM PDT by Blood of Tyrants (Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
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To: Venturer
Close IMO, but...call it what it is, theft control.
10 posted on 03/19/2009 6:17:58 AM PDT by rockinqsranch (Dems, Libs, Socialists...Call 'em What you Will, They ALL have Fairies Living In Their Trees.)
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To: SeekAndFind; TenthAmendmentChampion; ForGod'sSake; Horusra; Delacon; CygnusXI; Entrepreneur; ...
 




Beam me to Planet Gore !

11 posted on 03/19/2009 6:18:06 AM PDT by steelyourfaith ("Most bad government results from too much government." - Thomas Jefferson)
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To: Venturer

I don’t know about liberals, but if my power bill goes from $250-300 a month to $400-450 a month, that would be a MAJOR problem for my budget. But of course, the zero must “save the planet from glo-bull warming, even though the planet stopped warming in 1998.


12 posted on 03/19/2009 6:18:43 AM PDT by Blood of Tyrants (Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
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To: SeekAndFind

I remember a time I think when Carter was POTUS when people were borrowing on their life insurance policies to pay the electric bills. Remember the gas lines. I am not even going to tell you the outrageous electric bill I pay. I am supposed to be on this plan and I haven’t seen dime one in savings. As far as I can tell; they went up.

Is this really what we want to go back to?


13 posted on 03/19/2009 6:21:43 AM PDT by freekitty (Give me back my conservative vote.)
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To: SeekAndFind

I cannot post what I’m thinking about this Marxist without getting banned.


14 posted on 03/19/2009 6:24:12 AM PDT by OB1kNOb (Communist China is doing more to foster capitalism in their country than our politicians are doing.)
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To: SeekAndFind
Crap and trade sounds like it will really whack the Midwest since most of the coal plants are out there. Most of those states are full of redneck's clinging to their guns and bibles anyway. Anyone heard the cute govt propaganda piece playing on the radio now with the little rednecks and their southern accents finally figuring out that they need to conserve energy? I'm sure the northeasteners will be able to get some free heating oil from Hugo again anyway.
15 posted on 03/19/2009 6:25:25 AM PDT by throwback
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To: Blood of Tyrants

Yes McCain was the worst of the Republican candidates, that is the reason he was championed early on during the primaries by the media. The main stream media picked him for us and stupid Republicans with the help of democrat traitors voted for him in the early primary states. I never even cast a primary vote because by the time Texas got to vote it was all over and we had McCain.


16 posted on 03/19/2009 6:26:57 AM PDT by Ditter
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To: SeekAndFind

That will chill a few million O lemmings who thought all would be paradise ... thanks, 53% of America who have delivered us a guy who wants to raise our electric bills ...

GOOD JOB /sarc


17 posted on 03/19/2009 6:29:35 AM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
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To: A. Morgan

FUBO is taking on an alternative meaning. It more accurately stands for “Effed Up By Obama” than “FU Barack Obama”. Everything in our nation is now FUBO.


18 posted on 03/19/2009 6:31:08 AM PDT by ProtectOurFreedom
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To: SeekAndFind

This is to be CRAMMED DOWN OUR THROATS .... AS SOON AS POSSIBLE, by any means available.

Jason Furman

Jason Furman (born 1970) is an economist and influential policy intellectual. On January 28, 2009, Furman was named Deputy Director of the National Economic Council in the administration of President Barack Obama, whom he’d been advising since the latter stages of the 2008 presidential campaign. Although he generally works with Democrats, he is reported by the Capitol Hill newspaper Roll Call to be widely respected by Republicans, as well.[1][2]

Furman’s research and policy focus includes the subjects of taxes, health care and the U.S. Social Security program. Furman’s qualified defense of Wal-Mart’s business model provoked criticism from some labor organizations when he joined Obama’s 2008 campaign. But notable liberals defended Furman, praising his staunch defense of Social Security, his criticism of inequality, and advocacy of universal health insurance.[3]

In 1996, while he was a graduate student at Harvard, Furman was hired by economist Joseph Stiglitz to serve for a one-year stint as Special Assistant to the President for Economic Policy in the Clinton Administration and on staff of the Council of Economic Advisers. He later worked with Stiglitz at the World Bank. Furman was involved in varying degrees with the Presidental campaigns of Al Gore and General Wesley Clark. In 2004, he took a position as Director of Economic Policy for the John Kerry Presidential campaign in 2004.

Furman received his MSc from the London School of Economics and a Ph.D. in economics from Harvard University. He has worked together with former Clinton Treasury Secretary Robert Rubin.

In recent years, Furman has worked as a budget expert at the Brookings Institution. There, he directed the Hamilton Project, an economic policy research group that develops policy proposals to achieve shared economic growth.[4]

He is still listed as a Visiting Scholar at New York University’s Wagner Graduate School of Public Service.[5] He has been a visiting lecturer at Columbia and Yale Universities.

Furman is often parodied on the Glenn Beck Program as Obama advisor “Honkey Whitesville,” a recurring call-in guest portrayed by Steve Burguiere.


19 posted on 03/19/2009 6:32:50 AM PDT by Sequoyah101 (Get the bats and light the hay)
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To: Blood of Tyrants

Why is that a problem?

All you gotta do is go tell your employer you need more money.


20 posted on 03/19/2009 6:33:58 AM PDT by Sequoyah101 (Get the bats and light the hay)
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To: SeekAndFind

When Americans are shivering or sweltering in their darkened homes because they cannot afford their utility bills we may get another “change” in Washington.


21 posted on 03/19/2009 6:45:20 AM PDT by The Great RJ ("Mir we bleiwen wat mir sin" or "We want to remain what we are." ..Luxembourg motto)
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To: SeekAndFind

TOTUS’s policies, including this one, if put into effect, will without a doubt, plunge the country, and then the world, into a severe depression.


22 posted on 03/19/2009 6:49:53 AM PDT by webschooner
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To: Blood of Tyrants
He couldn’t distinguish himself from the zero in one significant way

Not that it matters, but I think McCain completely missed his one chance.

During the talks on the 700 billion bailout package - IF - he had come out and said "You know, I've talked with my constituents, and after further reflection, I just can't in good conscience, support the bill". Given the political climate at the time, IF he does that, I think that the race is at worst, a dead heat.

That was his chance to differentiate himself from Pres. Bush, and Obama. He missed it, IMHO.

23 posted on 03/19/2009 7:03:04 AM PDT by wbill
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To: rockinqsranch

Exactly! Control! Did anyone catch Beck the other day? He informed his viewers about Zero’s pick for the EPA, who just happened to belong to a socialist group. This info was, of course, cleared from the web upon her nomination. Info about her is cached and you can still find it on google. Beck and his guest were saying that they are going to CONTROL our thermostats and air conditioners in the name of GREEN. So if you run your air to high during the summer, the power to your house will be, lets see....how do I put it nicely....the power will be ADJUSTED!

Sounds a lot like control to me!


24 posted on 03/19/2009 7:06:28 AM PDT by Atom Smasher
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To: OB1kNOb

PING!


25 posted on 03/19/2009 7:09:42 AM PDT by Atom Smasher
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To: ProtectOurFreedom

Ping Ping Ping!!!


26 posted on 03/19/2009 7:12:20 AM PDT by Atom Smasher
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To: Blood of Tyrants

You’re right on with this one! I fear more and more are going to chooses this route to survive, now that its “favorable” to live off the sweat of others.

Its sickening that the bulk of Zero supporters were under the age of 23 (correct me here if this figure is wrong). These bimbos & bimbettes have never been out in the real world...working, renting, buying, investing....never. They ran around and waved their little voters card now that they are of legal age....and boy! They can go back to their home and say to their parents, wow we really can make a difference when we vote. While the parents gently smile at their young adult offspring and say “Yes, you certainly did make a difference...”

Of course the parents are old school and principled. They don’t have the heart to tell their proud young adult child that by the irresponsible vote they cast, they have now lost everything, including their way of life.

Sad.


27 posted on 03/19/2009 7:26:13 AM PDT by Atom Smasher
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To: wbill

Yep. While McCain was negotiating a $700 BILLION government give away, the vast majority of Americans saw that as the biggest pork barrel bill of all time (until the zero’s came along). Opposing it as just another wasteful government project would have gone a long way in setting himself apart from the zero. For the last several weeks, his theme could have been, “Obama supported giving away $700 BILLION to companies that deserve to fail because they ran their companies in the ground. I, on the other hand, oppose and will ALWAYS oppose pork barrel spending.”


28 posted on 03/19/2009 7:55:35 AM PDT by Blood of Tyrants (Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
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To: SeekAndFind

bttt


29 posted on 03/19/2009 7:57:11 AM PDT by GOPJ (CEO:Chief Embezzlement Officer- CFO:Corporate Fraud Officer-CASH FLOW: money down the toilet.)
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To: Atom Smasher
Its sickening that the bulk of Zero supporters were under the age of 23 (correct me here if this figure is wrong).

Incorrect. The "youth vote" was no more a factor in this race than in any time in the past. The bulk were life long Rats. The rest were the middle few percent that can be persuaded one way or the other based on how they "feel" about a candidate.

30 posted on 03/19/2009 7:58:56 AM PDT by Blood of Tyrants (Socialism is the belief that most people are better off if everyone was equally poor and miserable.)
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To: Atom Smasher
Zero needs an attitude adjustment.
31 posted on 03/19/2009 8:10:49 AM PDT by Piquaboy (22 year military veteran of Navy, Air Force, and Army.)
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To: Atom Smasher

“These bimbos & bimbettes have never been out in the real world”

Exactly what he was counting on ...


32 posted on 03/19/2009 8:43:41 AM PDT by F15Eagle (1 John 5:4-5, 4:15, John 11:25, 14:6, 1 Tim 2:5, John 3:17-18, John 20:31, 1 John 5:13, John 6:69)
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To: SeekAndFind

“Obama and his allies justify it all by claiming it’s necessary to save the planet from man-made global warming, even though the Earth for many years has been cooling instead.”

Anybody else feeling ready to bust some jaws the next time this “do whatever we want and get away with it” card is parroted by naive useful idiots?


33 posted on 03/19/2009 8:56:49 AM PDT by RWB Patriot ("Let 'em learn the hard way, 'cause teaching them is more trouble than they're worth,")
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To: RWB Patriot

“Yet President Obama and his political allies in Congress are pushing aggressively for climate change legislation as a centerpiece of their agenda.”

Why shouldn’t they; it gives them more control over peoples’ lives, which means more leverage in the next election.


34 posted on 03/19/2009 8:59:37 AM PDT by RWB Patriot ("Let 'em learn the hard way, 'cause teaching them is more trouble than they're worth,")
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To: Blood of Tyrants

I stand corrected. Thank you.


35 posted on 03/19/2009 9:18:10 AM PDT by Atom Smasher
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To: steelyourfaith

ROFL...it would have been even funnier with the Spock ears.


36 posted on 03/19/2009 10:20:56 AM PDT by Kackikat (It isn''t over till it's over, and it s not over yet.....when the TRUMPET sounds I'll be gone...)
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To: Atom Smasher
They don’t have the heart to tell their proud young adult child that by the irresponsible vote they cast, they have now lost everything, including their way of life

It isn't lost, but if you don't tell your kids where they screwed up, they'll do it over and over again and it will be.

Have the heart to tell them what is wrong without placing blame on them. If they have cause to squirm, they own it, and maybe they will do better next time.

37 posted on 03/19/2009 12:42:14 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: SeekAndFind
Higher taxes will lead to higher rates to offset the reduction is Ele use.
This will be a slow death to energy companies, then Gov will bail them out
and take them over....
38 posted on 03/19/2009 12:46:18 PM PDT by MaxMax (RINO=RAT!)
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To: Smokin' Joe

Your philosophy is undying. Kudos to you!


39 posted on 03/19/2009 1:43:39 PM PDT by Atom Smasher
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