Posted on 06/29/2009 8:55:11 PM PDT by Ooh-Ah
The bill doles out almost a trillion dollars worth of grants (aka "bribes") with the government acting as middleman between citizens and businesses. Here are just a few examples:
On page 45: All of California's housing standards must be imposed on every American community
On page 92: Make sure buildings have a place to plug-in an electric-hybrid vehicle
On page 112: Additional credit for Fannie Mae and Freddie Mac housing goals for energy-efficient and location efficient mortgages
There's even establishment of something called "green banking" centers. What's that? Good question wish I could tell you.
We're also going to require that every car sold in America has an engine capable of operating on alternative fuel...
...
And second, we could have learned our lesson by looking at the countries we're trying to emulate.
Take Germany, which most would say has been very successful when it comes to cap-and-trade. Germany has been able to cut emissions by 18.4 percent below 1990 levels, meeting the benchmark used by the Kyoto Protocol and in Europe. Except, The Washington Post says that half of their decrease was due to sagging industrial output in the former East Germany after reunification. The downside: German homeowners pay 25 percent more for electricity than they did before, even as their utility companies earn record profits.
...
And, most importantly, is there still a chance to stop this insanity in the Senate or will our politicians there simply wait for the next celebrity death before once again convening in the middle of the night to sell America out to highest bidder.
(Excerpt) Read more at foxnews.com ...
Does it mandate 5-star Algore toilets, too? Or can you get by on a 3 flusher toilet.
Losers: Refineries, chemical producers, utilities (and customers), coal, etc.
Winners: Lawyers, wall street bankers, farmers/ranchers (exempted), alternate energy producers (not nuke), etc.
Who elects the Nostrils Waxman time after time? He is obnoxious. Wouldn't doubt he is getting a big payoff somewhere.
vaudine
Winners: the dhimmicrat party who will beat this like a rented mule...
Cap and Trade:
The Biggest Economic Mistake Since The Days Of Herbert Hoover
Rep. McClintock gave the following floor speech in opposition to the Cap and Trade legislation on June 26, 2009.
I had a strange sense of Deja Vu as I watched the self-congratulatory rhetoric on the house floor tonight, and I feel compelled to offer this warning from the Left Coast.
Three years ago, I stood on the floor of the California Senate and watched a similar celebration over a similar bill, AB 32. And I have spend the last three years watching as that law has dangerously deepened Californias recession. It uses a different mechanism than Cap and Trade, but the objective is the same: to force a dramatic reduction in carbon dioxide emissions.
Up until that bill took effect, Californias unemployment numbers tracked very closely with the national unemployment rate. But then in January of 2007, Californias unemployment rate began a steady upward divergence from the national jobless figures. Today, Californias unemployment rate is more than two points above the national rate, and at its highest point since 1941.
What is it that happened in January of 2007? AB 32 took effect and began shutting down entire segments of Californias economy. Let me give you one example from my district. The City of Truckee, California was about to sign a long-term power contract to get its electricity from a new, EPA-approved coal-fired electricity plant in Utah. AB 32 and companion legislation caused them to abandon that contract. The replacement power they acquired literally doubled their electricity costs.
So when economists warn that we can expect electricity prices to double under the cap and trade bill, I can tell you from bitter experience that in my district, thats not a future prediction, that is an historical fact.
Gov. Schwarzenegger assured us that AB 32 would mean an explosion of new, green jobs exactly the same promises were hearing from cap and trade supporters. In California, exactly the opposite has happened. We have lost so many jobs that the UCSB economic forecast is now using the D-word Depression to discuss Californias job market.
M. Speaker, the Cap and Trade bill proposes what amounts to endlessly increasing taxes on any enterprises that produce carbon dioxide or other so-called greenhouse gas emissions. We need to understand what that means. It has profound implications for agriculture, construction, cargo and passenger transportation, energy production, baking and brewing all of which produce enormous quantities this innocuous and ubiquitous compound. In fact, every human being produces 2.2 pounds of carbon dioxide every day just by breathing.
So applying a tax to the economy designed to radically constrict carbon dioxide emissions means radically constricting the economy.
And this brings us to the fine point of it.
When you discuss the folly of the Hoover Administration how it turned the recession of 1929 into the depression of the 1930s, the first thing that economists point to is the Smoot-Hawley Tariff Act that imposed new taxes on over 20,000 imported products.
Waxman Markey is our generations Smoot Hawley. In fact, its worse because it imposes new taxes on an infinitely larger number of domestic products on a scale that utterly dwarfs Smoot-Hawley.
Lets ignore for the moment the fact that the planets climate is constantly changing and that long term global warming has been going on since the last ice age. Lets ignore the fact that within recorded history we know of periods when the earths climate has been much warmer than it is today and others when it has been much cooler. Lets ignore the thousands of climate scientists and meteorologists who have concluded that human-produced greenhouse gases are a negligible factor in global warming or climate change.
Ignore all of that and still we are left with one lousy sense of timing. In the most serious recession since the Great Depression why would members of this house want to repeat the same mistakes that produced that Great Depression? Watching how California has just wrecked its economy and destroyed its finances, why would they want to do the same thing to our nation?
M. Speaker, this is deadly serious stuff. It transcends ideology and politics. This House has just made the biggest economic mistake since the days of Herbert Hoover.
If this measure becomes law, two things are certain.
First, our planet will continue to warm and cool as it has been doing for billions of years.
Second: Congress will have delivered a staggering blow to our nations economy at precisely that moment when that economy was the most vulnerable.
...and they threw him over for that thick-headed Austrian liberal...
IceMelt’s GE is in for the big bucks.
I voted for McClintock. I would much prefer to see Schwarzenegger on the big screen than the little screen... during the news.
The number one beneficiary is the People’s Republic of China.
I bet T. Boone Pickens and his silly wind farms are in for some taxpayer dough. Creep.
I’m a Steam Roller Baby
I’m gonna Roll all Over You...
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The 6-gallon toilet imposed on my household is a joke!
It takes three flushes on most occasions!
It takes an additional flush after the brush and adding of chemicals to clean the bowl out!
Add to that the obligatory air pollution that we create with the Lysol air deodorant.
Who said the 6 gallon tank was going to help the environment?
I'm polluting it more and enjoying my reading trips to the head less.
I amuses me to go into Lowes or Home Depot and see the looks on peoples faces when they start to understand the MaP rating system on the lo-flos. Then it gets funnier when husbands and wives start discussing cost vs flushing power. I’m willing to bet Algore doesn’t have lo-flos in his house.
Bump for later reading.
“On page 92: Make sure buildings have a place to plug-in an electric-hybrid vehicle”
That won’t be every spot, just exclusive and preferred parking -coincidentally closet as it will be the cheapest installation. You can’t stretch a lead across a sidewalk (tripping hazard), so this will require some type of bolister, conduit (excavation) and incidentals -figure $2,000 minimum (low end estimate) per parking spot for the electronotty. Plenty of work for the IBEW.
Will handicap parking trump the electronotty?
=> Empty 99.99999999 percent of the time.
Besides....who’s going to plug a hybrid in when “electricity rates will necessarily skyrocket under my plan.” -Obama
It will be cheaper to let the hybrid idle (while hidden) burning some evil fossil fuel than to pull it into the grid.
Its more make work non-sense.
You didn’t read it. If you did you’d see that the ultimate purpose of the bill is to give over control of our economy to the United Nations. I say that because the UN is cited at least 22 times as the agency that our secretary of state and secretay of energy will consult when deciding how much water you get to drink and how much electricity you’ll have, what kind of car you drive and what you get to eat.
Does this sound like a constitutional bill put up by self governing people who live in a free country?
All this moaning about jobs is just to distract that we have lost TOTAL control of our government. IF they were honest in Congress they’d put this in a treaty and vote on it like a treaty. Most people would know that it is unconstitutional and they would oppose the treaty. Now they are circumventing the fuss a treaty would cause and writing their treason into this bill.
Here is the evil genius in this plan.
The presidents over the last 20 years have been consolitdating power in the executive branch, remember stroke of the pen, law of the land? They use their executive branch bureaucrats to implement policies that the American people would have skewered Congress over if they had tried to make it law. Now that the executive branch has become so huge, and so controlling of the American people, they craft a bill, Cap and Trade, that INSTRUCTS the executive branch to go to the UN for their policy, not Congress, not the president and NOT the American people.
Don’t you see? They achieve global government. They’ve already given a billion dollars to the IMF, a UN subisidary agency, go ‘stabilaize’ the financial sector. They will use energy to complete the coup.
Don’t you see?
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