Posted on 06/26/2009 7:58:37 PM PDT by Signalman
NEW YORK (CNNMoney.com) -- The House approved a sweeping energy and climate bill Friday which could for the first time usher in widespread government restrictions on greenhouse gases and help renewable energy become cost competitive with fossil fuels.
The bill passed 219-212, with virtually no Republican support.
The central part of the legislation limits the amount of carbon dioxide, the main gas behind global warming, that companies like electric utilities, gasoline refiners, chemical firms and other large users of energy can put into the atmosphere. There were previously no restrictions on carbon dioxide emissions.
The bill aims to cut greenhouse gas emissions by over 80% by 2050, in-line with what scientists say is needed to avoid the worst effects of global warming.
Meeting those targets is expected to cost the average household $175 a year by 2020, according to a recent analysts by the Congressional Budget Office.
But that estimate is widely disputed, with opponents saying it will cost far more and supporters saying consumers will actually save money by reducing their energy use.
Consumers will mainly see this cost increase in the form of higher electric bills and gas prices. The impact on the Federal budget is minimal, with one analysis suggesting that it could actually increase revenues a bit.
Opposition to the bill stemmed largely from the costs. House leadership and the Obama administration struggled all week to bring their own party together on the issue, and it was a tough sell. Several Democrats from coal producing or big manufacturing states voted against the measure, afraid of what higher energy prices may mean for their constituents. Most all Republicans voted against it.
While some environmental groups and lawmakers also opposed the bill on the grounds it was too weak, it has the support of many mainstream environmentalists
(Excerpt) Read more at money.cnn.com ...
This will very quickly result in increased costs for everything, and I mean EVERYTHING.
Brilliant.
My ass hurts. Again.
This bill, as much as any of the great number of legitimate reasons, may be the albatross around the neck of the Democratic Party that drags them down when it becomes clear to more of the public what they’ve done to them.
“Meeting those targets is expected to cost the average household $175 a year by 2020, according to a recent analysts by the Congressional Budget Office.”
$175 per yer eh?
I am so sick of the liars and con artists.
The house just agreed that our very breath is destroying the planet and needs to be regulated.
These are not just traitors to America, They are traitors to humanity.
Selling us and our children down the river for a few sheckles.
Damn these people!
I’m beginning to think we are in the end times. How can all of humanity be this stupid?
It should be extremely interesting to see how many Congress critters lose their jobs in 2010.
Brilliant. Lets all huddle together in a ****ing cave!
America is dead
Revolution calling
Which is a polite way of saying that we're about to pay through the nose for crap "energy." But what the heck! The 'RAT politicians are going to make a killing off of pimping their "green" garbage to us morons out here.
Elections DO have consequences.
They put in legislation to boil us slowly, so that no one will squeal till its to late.
Its going to be an incremental thing.
I pray the idiots in the senate arent the navel gazers and snakes that the house is. (we are screwed)
If bambi succeeds in redistricting the country after the Census next year like many suspect, I doubt very few of them will, except maybe conservatives. I won’t give up, and we’ll see, but it’s scary, I tell you, scary.
When do we start the public protests? after its signed into law?
After they steal every penny?
“The central part of the legislation limits the amount of carbon dioxide, the main gas behind global warming...”
- so according to CNN there is no longer even a debate as to whether or not there is global warming
I will never forgive those who put these traitors in power...never....
I'm middle aged....I've tried to help my children and I want to help my grandchildren....but some of their votes put these evil elites in power and now they will suffer forever because of it...forever....
there will be no happy endings to this...
It is shear lunacy on the FACE of it. How can an entire country be so blind? and self loathing? (I tend to forget the indoctrinations)
Let us pray.
We have con artist and weasels in charge thought the Gov, and willing self loathing marks thought the constituency.(Ohh..America is bad...Ohh I want to save the planet...Ohh..Wahh Wahh Wahh)
thought=through out
Dang I am pissed
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