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Obama’s coming death blow for the economy
Flopping Aces ^ | 12-07-10 | DrJohn

Posted on 12/07/2010 2:54:20 PM PST by Starman417

Gas prices are approaching $3 per gallon and may go considerably higher. $100 a barrel oil is seen as likely. Obama has choked off some oil production in the Gulf and made us more dependent on foreign oil. The economy is in tatters. Unemployment is at 9.8%. Barack Obama has brought this country to its knees.Now comes the knockout punch.

On April 19 EPA Administrator Lisa Jackson ruled that carbon dioxide, a gas vital to the growth of green plants, is a pollutant. The ruling gave the White House an almost unlimited control of the country and its energy.

Lisa Jackson, the EPA administrator, signed a so-called endangerment finding, stating that carbon dioxide and five other products of fossil fuel combustion are harmful to both the environment and to human health. As a result, the EPA could begin regulating automotive CO2 emissions as soon as June. The ruling also gives the EPA broad power to regulate greenhouse-gas emissions from industry and electric power utilities for the first time.

This ruling is estimated to cost at least $3 billion:

The Environmental Protection Agency said the new rule represented its most consequential effort yet to tackle pollution that contributes to smog and soot that hangs over more than half the country. The rule would cost nearly $3 billion a year, costs that are likely to be passed along to consumers.

"Likely to be passed along to consumers...."

Likely? Ya think? Those WaPo guys really deserve all those Pewlitzers. They're geniuses.

The $3 billion cost is most likely a gross underestimate. When did the government ever get a fiscal projection right?

That cost is only the beginning.

But industry groups said it will boost power prices and force many older coal-fired power plants to be closed. Jeff Holmstead, a former EPA official who authored the original interstate rule, said it was not clear whether utilities will be able to meet the new standards while still providing affordable and reliable electric power.

The nation's power need does not diminish- it grows each year. And it is going to hit the US population hard.

The Affordable Power Alliance recently released a study showing the cost impact of the EPA regulations on minority families, who live in these coal-reliant areas of the country. The APA found that, by 2025, the EPA regulations will increase the poverty rate by 20 percent for African-American families and 22 percent for Hispanic families, while decreasing median minority household incomes by as much as $660 per year and leading to hundreds of thousands of jobs lost.

The Senate Committee on Environment and Public Works released a report outlining the impact of the new regulations:

(Excerpt) Read more at floppingaces.net...


TOPICS: Business/Economy; Politics
KEYWORDS: climate; epa; kenyanklown; kingofthedeficit; noaccountability; nobirthcertificate; obama
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To: Starman417

They [gas prices] are going to whatever it takes to get us out of our cars [and trucks] into mass public transit. Busses and pasenger rail initally, but it will soon move to cattlecars. As gas prices go up[ an environmentalists wet dream come true]the economy goes down and along with it jobs, there will be a lot of peole to efficently dispose of. Useless eaters first which includes the aged, infirm,very young, and environmentalists.[ be careful what you pray for you may get it].

So where we are headed is to the point,[thanks in part to the environmentalists]where we will have a lot of people and a little food. Guess what happens next?


21 posted on 12/07/2010 3:27:09 PM PST by sport
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To: Texas Fossil

Obama will be impeached and convicted if the new Congress has any sense. If Clinton can get impeached about lying to a Grand Jury, then Obama will be more than likely to get impeached and convicted.

In mid-January, the economy will crash harder than it ever has since the 1930’s and I am more than sure that with all the unemployed having time on their hands, they will use that time to show their fury. I sincerely believe that mobs may well end up not just rioting, but marching into the neighborhoods of their politicians.


22 posted on 12/07/2010 3:31:25 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Las Vegas Ron

Yep, there are plenty of laws, “legally” enacted, that are still unconstitutional and so are fascist.

But what really sickens me are those “regulations”. They have all the power of a law, with penalties, etc. None of these regulations are legal in the strict sense of the Constitution.

Congress alone can make laws. They cannot delegate that power to unelected bureaucrats. But that’s what Congress does, routinely.


23 posted on 12/07/2010 3:31:42 PM PST by Leaning Right
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To: Starman417
"But industry groups said it will boost power prices and force many older coal-fired power plants to be closed. Jeff Holmstead, a former EPA official who authored the original interstate rule, said it was not clear whether utilities will be able to meet the new standards while still providing affordable and reliable electric power."

Exactly what Soros, this administration, and their corporate backers planned all along.

24 posted on 12/07/2010 3:31:48 PM PST by ronnyquest (Barack H. Obama is the Manchurian Candidate. What are you going to do about it?)
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To: sport

The politicians will end up dead first.


25 posted on 12/07/2010 3:32:27 PM PST by Niuhuru (The Internet is the digital AIDS; adapting and successfully destroying the MSM host.)
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To: Texas Fossil

The EPA. Started by a great republican named Nixon. Also the first president to spend more than we brought in.


26 posted on 12/07/2010 3:37:04 PM PST by Terry Mross ( Reagan made one mistake: He chose Bush as his veep. We've been paying for it ever since.)
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To: American Constitutionalist

I think that’s my Dodge Swinger!


27 posted on 12/07/2010 3:37:37 PM PST by Terry Mross ( Reagan made one mistake: He chose Bush as his veep. We've been paying for it ever since.)
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To: charlie72

And the courts have already ruled that a cop can shoot you 14 times if he feels he’s in danger.


28 posted on 12/07/2010 3:38:30 PM PST by Terry Mross ( Reagan made one mistake: He chose Bush as his veep. We've been paying for it ever since.)
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To: Niuhuru

And the NG will be called out. And a lot of those NG members will be unemployed and happy to have a steady paycheck. Scary stuff.


29 posted on 12/07/2010 3:39:32 PM PST by Terry Mross ( Reagan made one mistake: He chose Bush as his veep. We've been paying for it ever since.)
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To: Starman417

I don’t remember ever swearing any sort of an oath of allegiance to the ****ing EPA...


30 posted on 12/07/2010 3:42:52 PM PST by wendy1946
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To: Terry Mross

And you can bet your ass that every time he feels he is in danger he will shoot you.


31 posted on 12/07/2010 3:42:52 PM PST by sport
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To: Terry Mross
Nixon. Also the first president to spend more than we brought in.

Don't think so. We had that condition back in the 30's. And during Vietnam. Is is acceptable, no. But not a new problem.

32 posted on 12/07/2010 3:45:36 PM PST by Texas Fossil (Government, even in its best state is but a necessary evil; in its worst state an intolerable one.)
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To: Leaning Right
But what really sickens me are those “regulations”.

I hear ya...loud and clear!

33 posted on 12/07/2010 3:45:45 PM PST by Las Vegas Ron (The Tree of Liberty did not grow from an ACORN!)
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To: Starman417
Message from a Time Traveler
34 posted on 12/07/2010 3:46:18 PM PST by meadsjn (Sarah 2012, or sooner)
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To: Shady

****** “This is fascism. Pure and simple” ******

Obvious to the most casual observer yet MSM remains Deaf, Dumb, Blind and always Faithful to the 0ne

TT


35 posted on 12/07/2010 3:49:03 PM PST by TexasTransplant (I don't mind liberals... I hate liars...there just tends to be a high degree of overlap)
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To: The Comedian

U.S. Military Prepares for Economic Collapse

http://www.thenewamerican.com/index.php/usnews/politics/5418-us-military-prepares-for-economic-collapse


36 posted on 12/07/2010 3:50:25 PM PST by FromLori (FromLori)
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To: The Magical Mischief Tour; earlJam
Wasn't that the title to a 70's porno movie?

I don't know either, but if it was the star was probably a chap named Buck Naked.

37 posted on 12/07/2010 3:55:46 PM PST by Cagey
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To: Niuhuru

Be still my heart...


38 posted on 12/07/2010 4:00:19 PM PST by null and void (We are now in day 685 of our national holiday from reality. - 0bama really isn't one of US.)
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To: Starman417

>>Lisa Jackson, the EPA administrator, signed a so-called endangerment finding, stating that carbon dioxide and five other products of fossil fuel combustion are harmful to both the environment and to human health.<<

If Congress chooses to sit on their derrière while the EPA cripples us further the people should stand up and take control.


39 posted on 12/07/2010 4:07:48 PM PST by B4Ranch (Do NOT remain seated until this ride comes to a full and complete stop! We're going the wrong way!)
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To: The Comedian

YUP


40 posted on 12/07/2010 4:29:43 PM PST by Quix (Times are a changin' INSURE you have believed in your heart & confessed Jesus as Lord Come NtheFlesh)
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