Waxman-Markey: Man-Made Disaster

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.

How can anyone with a conscience willingly inflict this much damage on their own country. I have to question their motives and what will they gain personally.

Is it their intent to drive the standard of living in this county downward until it equals that of a third world country? Why did they exempt 85% of the carbon tax penalty's for industry, this puts almost the entire burden on the back of working families. This is not the same country that I grew up where people were free start a new business and become successful. Now government at all levels do their best to drive you out of business by adding fees and raising taxes on a yearly basis.

When will government take a real look and start cutting some of the unnecessary costs such as multimillion dollar contracts to campaign supporters. These type of actions do nothing to promote the stability and growth of this nation and the citizens that live within it borders.

“How can anyone with a conscience...” You hit the nail on the head. They don’t have a conscience. This is all about power over the American people. The dimrats ran this country through the house of reps for 40 years. They lost the house due to Newt Gingrich in 94 and just really got it back in 06. I think that this time, they are going for broke to make sure they never lose the house again. Every liberal wacko idea they have ever had is being implemented becuase they have a senate and a phony president that agrees with them. They see this as a unique opportunity in time to shove through huge power grabs all at once. That is why they are running at hyper speed to get all this stuff done. Take over key industries, take over banks, take over the medical industry, take over the census, cap and tax, card check and who knows what else they have in store for us. And since the media has been paid off, there will be no objective reporting of what they are up to. I am afraid that by they time we figure out what thay have done, it will be so entrenched that it would be next to impossible to get rid of. What country did I wake up in this morning?

If the Climate bill passes the Senate, the climate bill will add 30% to the price of electricity, gasoline, natural gas, and will make steel 30% more expensive to make in the USA. That will be the last nail in the coffin for the auto industry as well as the steel industry in America. All those jobs and many, many more will go to India, Brazil, China, and Mexico. The Taxocrats are attempting to turn our recession into a depression with their insanity.

If you google “solar minimum” “sunspot” and “Ice Age” you will see a massive body of evidence we are more likely headed toward a new Ice Age due to cooling of the sun. The Climate bill would not only could destroy our fragile economy but help to further exacerbate the damage from the cooling sun. Any one who doubts the heating and cooling of the sun need only observe the polar caps on Mars as they shrink and grow “Where no man has gone before”

Why the Waxman-Markey bill will kill the US with energy outsourcing and refining issues...PDF

http://www.api.org/Newsroom/upload/ENSYS_W_M_Briefing_Report_2009_8_20.pdf

“”Refining, energy security, jobs, physical security, economy, a decent life....

The United States will be more dependent on imports of gasoline and other petroleum fuels while U.S. refining production would be shifted overseas if a climate change bill passed in the U.S. House of Representatives becomes law, a study shows.

An analysis by global consulting firm EnSys Energy of the impact of the “American Clean Energy and Security Act”, which passed by a narrow 219-212 vote in the House in June, on the U.S. refining sector showed that investment in U.S. refining capacity could plummet because the cost of doing business could soar. Production at U.S. refineries would drop while production at refineries in countries that do not limit their own greenhouse gas emissions would rise. The impact on global refinery greenhouse gas emissions would be minor as reductions in U.S. emissions mostly would be offset by increases in emissions in other countries.

“This study clearly shows the devastating impact this legislation could have on U.S. jobs and U.S. energy security,” said API President and CEO Jack Gerard. “Climate legislation should not come at the expense of U.S. economic and energy security. Congress needs to analyze carefully the impact of any climate policy on ordinary Americans, American jobs and American companies. A deep decline in U.S. refining activity would have a ripple effect throughout the economy, affecting jobs in sectors beyond the oil and gas industry. Steelworkers, construction workers, even the shop keepers, school teachers and waitresses working in communities where refineries operate would feel the pinch.”

The House climate legislation drives up individual and business fuel costs because it inequitably distributes free emission “allowances” to various sectors. Refiners are held responsible for 44% of emissions, including the refinery emissions (about 4%) as well as consumer emissions from planes, trains, automobiles, heating oil, and other petroleum use. Yet refiners are allocated only 2.25% of allowances. In contrast, some other sectors receive free allowances that match or exceed their obligation.

According to the EnSys study, commissioned by API, the U.S. would need to increase its imports of petroleum fuels in order to meet as much as nearly one-fifth of U.S. refined product demand in 2030 if the House climate bill becomes law, double what imports would have been.

U.S. refining throughput, a measure of productivity, could plummet by as much as 25% (4.4 million barrels per day) and investment in U.S. refining could “

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06.24.2009 — The Sunlight Foundation Lambasts Secrecy of New Cap and Trade Energy Bill