Skip to comments.Waxman-Markey: Man-Made Disaster
Posted on 06/25/2009 5:07:18 PM PDT by WhiteCastle
Fiscal Policy: The House of Representatives is preparing to vote on an anti-stimulus package that in the name of saving the earth will destroy the American economy. Smoot-Hawley will seem like a speed bump...As we've said before, capping emissions is capping economic growth. An analysis of Waxman-Markey by the Heritage Foundation projects that by 2035 it would reduce aggregate gross domestic product by $7.4 trillion. In an average year, 844,000 jobs would be destroyed, with peak years seeing unemployment rise by almost 2 million. Consumers would pay through the nose as electricity rates would necessarily skyrocket, as President Obama once put it, by 90% adjusted for inflation. Inflation-adjusted gasoline prices would rise 74%, residential natural gas prices by 55% and the average family's annual energy bill by $1,500.
(Excerpt) Read more at ibdeditorials.com ...
Smoot-Hawley for our times sounds appropriate. Hopefully it won’t take a worldwide conflict to pull us out of the downward spiral.
Regardless of the CBO's cost estimates of the Waxman-Markey cap-and-trade program, the necessary second part of the question--what benefits do the costs generate?--remains unanswered. Americans will get almost nothing in exchange for these higher taxes, and the legislation will provide nothing for future generations except more debt and less economic opportunity. According to climatologist Chip Knappenberger, Waxman-Markey would moderate temperatures by only hundredths of a degree in 2050 and no more than two-tenths of a degree at the end of the century. This does not sound like a great deal for the next generation--millions of lost jobs, trillions of lost income, 50-90 percent higher energy prices, and stunning increases in the national debt, all for undetectable changes in world temperature.
The CBO analysis of Waxman-Markey fails to take into account all the adverse effects that will ripple through the U.S. economy if cap and trade becomes law. CBO's grossly underestimated costs means Members of Congress will be grossly misinformed when voting on the legislation.
Let's not be absorbed by Hollywierd and unfaithful governors. WAKE UP PEOPLE!
Hey, we the American People elected him, maybe even legitimately.
PLEASE EVERYONE, CALL YOUR ELECTED REPS.
We are SO screwed!!!
We will soon be a 3rd world country. Energy starved , because our politicians are not too bright!!!
Environmental Groups See Divide over Landmark Climate, Energy Bill Weakened by Industry Lobbying
Cap-and-Trade Does More Harm than Good
That headline assumes that Waxman and Markey are actually men.
Climate Bill Showdown: Obama, Dems Pressing Hard
Associated Press | June 25, 2009
Posted on 06/25/2009 4:03:07 PM PDT by reaganaut1
Cap & Trade + Card Check + Socialized Heath Care = End of the USA.
Isn’t, under the new terminology, a “man-made disaster” a terrorist act?
I'm afraid you are right.
Freedom works, sheepleism wanton of direction doesn't.
We are rapidly losing our freedoms.
We need CHANGE come 2010
Waxman is a BIG man capable of toting a two way train tunnel on his face.
Don't mess with him...
Yes, we definetly need to change in the Senate and the House. 2010 will go a long way towards determing what happens to this country. That is if we still have anything left before it gets here.
+immigration reform = End of USA
Actually, any one of these four gems can end our Republic for good. If combined, the destruction to this country is unfathomable.
You think gas prices are high at $2.90 a gallon, wait until we see those european prices, upward $6-$7 per gallon, in today prices.
But Obamacare will take care of the elders so the govt will not have to pay for them.
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