What will 'global warming' cost you?

One News Now ^ | March 20, 2009 | Jim Brown

[IbJensen]

Former Congressman Ernest Istook (R-Oklahoma) says President Obama's proposed energy tax plan is going to be so expensive that a typical family will see its home electricity bill go up by $1,800 a year.

The Obama administration initially estimated its cap-and-trade plan would cost the energy industry $646 billion over eight years. President Obama has said the plan would be offset by an $800 "Making Work Pay" tax credit for 95 percent of taxpayers. But word now comes from the administration that the cap-and-trade plan could cost up to $1.9 trillion over the next eight years -- about triple the original estimate.

Istook, a distinguished fellow at The Heritage Foundation, says at best Americans would suffer a net loss of $1,000 annually.

Ernest Istook (Heritage)"For many people it is going to be even worse," he contends. "Some people will get the $800 back but won't be paying the higher utility bills, so other people will have an increase in their utility bills in order for President Obama to write a giveaway check to people who don't even pay income taxes."

Istook says Obama's cap-and-trade plan is "just another excuse to reorganize society around a liberal model where we're all more dependent on government and less dependent on ourselves."

[IbJensen]

"...other people will have an increase in their utility bills in order for President Obama to write a giveaway check to people who don't even pay income taxes."

This is the empty-headed, communist Obomanomics.

[pallis]

Global warming won’t cost me a thing, but the globalist warming scam will cost me plenty.

[IbJensen]

It’s Gorebal Warming.

[PMAS]

Obama has a plan for Redistribution of Energy

I saw this awhile before the election

You need to see this (if YouTube didn’t remove it yet):

http://www.youtube.com/watch?v=bueCxeXZAUU

[steelyourfaith]

 

Beam me to Planet Gore !

[truthguy]

Obama isn't just an economic ignoramus. He's an energy/technical ignoramus.

The high cost of this so called "green" policy will kill off many of our businesses who have overseas competitors. The overseas corporations have lower labor costs. With our energy costs skyrocketing, this will kill off many businesses.

We need affordable energy. We won't get it with the green nonsense. The Wind and Solar are expensive and won't amount to more that 2-3% of our energy requirement over the next 25 years. We are in a serious situation.

[IbJensen]

Drilling and refining are the key to energy independence and these Marxists who are running the show know it full well. They also know that the so-called gorebal warming is a fairy tale in every sense of the word.