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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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1 posted on 12/07/2010 2:54:23 PM PST by Starman417
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To: Starman417

Because contrary to their lies, it is the Obama leftists who have perverted science to their political agenda.


2 posted on 12/07/2010 2:58:22 PM PST by Williams (It's the policies, stupid.)
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To: Starman417

Obamao resents the fact that Americans have used cheap energy to prosper, and he is determined to make it up to the rest of the world. Never mind that many third world countries have cheap energy, and can’t use it to prosper.


3 posted on 12/07/2010 2:58:55 PM PST by pallis
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To: Starman417

How long until Obama’s Czar has gasoline costs
directly depend on “diversity” and union card?


4 posted on 12/07/2010 2:59:08 PM PST by Diogenesis ('Freedom is the light of all sentient beings.' - Optimus Prime)
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To: Starman417

Combine all of that with Bernanke ‘printing’ money like there’s no tomorrow, driving the dollar through the basement floor. That alone is enough to send oil and other commodities higher, which makes EVERYTHING cost more(except dollars of course).


5 posted on 12/07/2010 2:59:35 PM PST by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Starman417

This is fascism. Pure and simple.


6 posted on 12/07/2010 3:01:34 PM PST by Shady (The real work is just beginning!)
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To: Starman417

I can see it now...Obama gets less and less of what he wants over the next two years and as a result he becomes more and more deranged...then one day, he goes postal.


7 posted on 12/07/2010 3:04:42 PM PST by equaviator ("There's a (datum) plane on the horizon coming in...see it?")
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To: Starman417; Cagey

8 posted on 12/07/2010 3:05:41 PM PST by earlJam
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To: Starman417

Remember what happened on November 2, 2010?

Remember January 3rd approaches.

Can WE force the 112th Congress to defund the EPA?

The “Won” and his terminal arrogance for the past 2 years have accumulated a huge base of opposition to his “agenda”. We shall see if he understands “Who” “Won” in the Midterm Elections.

FUBO! FUEPA!


9 posted on 12/07/2010 3:08:20 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: Bullish; CJ Wolf; houeto; Quix; B4Ranch; Whenifhow; Silentgypsy; blam; FromLori; Lurker; ...
Free-poverty-for-everyone ping.

"Economic Holocaust" ping.

Increasing volume ping list watching the slow motion Economic Holocaust.

FReepmail me if you want on or off
The Comedian's "Economic Holocaust" ping list...


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

10 posted on 12/07/2010 3:08:58 PM PST by The Comedian (Government: Saving people from freedom since time immemorial.)
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To: pallis
It's coming folks, gas rationing , and unlike 1979, it will be with gas rationing and high prices.......
The government is forcing us to use mass transportation




11 posted on 12/07/2010 3:09:28 PM PST by American Constitutionalist (The fool has said in his heart, " there is no GOD " ..)
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To: earlJam
Death Blow...

Wasn't that the title to a 70's porno movie?

12 posted on 12/07/2010 3:10:06 PM PST by The Magical Mischief Tour (With The Resistance...)
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To: Starman417

Here in Texas, we are already defying the EPA. Goodhair needed a way to not get tossed out of office.

Will be interesting to watch the rest of the nation.


13 posted on 12/07/2010 3:10:14 PM PST by MrEdd (Heck? Geewhiz Cripes, thats the place where people who don't believe in Gosh think they aint going.8)
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To: American Constitutionalist

If we reach the point of gas lines/rationing this country will erupt into chaos... next to Obambi taking NFL/NBA/WWF/NASCAR off the TV this will send folks over the edge.


14 posted on 12/07/2010 3:11:28 PM PST by The Magical Mischief Tour (With The Resistance...)
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To: The Magical Mischief Tour

The first snuff porn????

All I know it was from a Seinfeld show.


15 posted on 12/07/2010 3:12:16 PM PST by earlJam
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To: The Comedian

Maybe the feral gov’t can print ration cards on those screwed up $100 bills!


16 posted on 12/07/2010 3:13:29 PM PST by dynachrome ("Our forefathers didn't bury their guns. They buried those that tried to take them.")
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To: Shady

You wrote: “This is fascism. Pure and simple.”

Any law (and a “regulation” is a law) that is not explicitly passed by both houses of Congress is not constitutional.

So, yes it is fascism.


17 posted on 12/07/2010 3:17:32 PM PST by Leaning Right
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To: Starman417

Just another reason that Gov. Palin is our best candidate for 2012.


18 posted on 12/07/2010 3:21:11 PM PST by 9YearLurker
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To: The Magical Mischief Tour

When masses of people go over the edge and chaos reigns, martial law will be declared and they will send in policemen, deputies, marshalls, constables, etc. give them federal status and salaries, and confiscate weapons/kill protestors. Seems like a better way would be for special forces to remove the dragon’s head and that of those around him, since courts, Congress and SCOTUS won’t.


19 posted on 12/07/2010 3:23:10 PM PST by charlie72
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To: Leaning Right
Any law (and a “regulation” is a law) that is not explicitly passed by both houses of Congress is not constitutional.

Even if it is passed by Congress, it's still Fascism.

20 posted on 12/07/2010 3:23:19 PM PST by Las Vegas Ron (The Tree of Liberty did not grow from an ACORN!)
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