Posted on 06/03/2008 11:03:39 PM PDT by newbie2008
We wrote here about the economic disaster that goes by the name Lieberman-Warner, the carbon cap-and-trade system now being considered by the Senate. We posted a diagram created by the Chamber of Commerce that exposed the ludicrous complexity and intrusiveness of the proposal.
The bill, as amended by Barbara Boxer, has now gotten even worse. Boxer's amendment adds more than 300 regulations and mandates. The Chamber has accordingly prepared another version of their chart that reflects Boxer's changes. It is a remarkable document; click to enlarge:
This morning, four Republican Senators held a press conference on Lieberman-Warner. Jim Inhofe of Oklahoma:
[T]his would be the largest single tax increase in the history of the country. This is the -- using their own figures, it would be $6.7 trillion, with a maximum giving back over the life of this bill of $2.5 trillion. That leaves $4.2 trillion dollars.
Kit Bond of Missouri:
According to EPA, under Lieberman-Warner, the average household power bills rise 44 percent by 2030. They lose $4,377 to higher energy prices and pay $1.40 more for gas by 2050.
I, like Senator McConnell, toured my state this past week talking about energy. And you know something?
When I told my Missouri constituents that the Senate this week would not be talking about moving a bill to open up the massive oil and gas supplies that we have in America to lower prices, that this body would be considering a bill to add huge price increases to all energy, they could not believe it.
What is the Senate doing? That's a good question, because these higher U.S. energy prices would drive energy-intensive manufacturing jobs overseas to foreign countries with cheaper energy prices. Manufacturing workers are already suffering.
We've seen half of U.S. fertilizer industry leave the country. Chemical companies and plastic companies are leaving the U.S. Just recently, Dow announced it was thinking of selling its plastic business because firms in Asia and the Middle East have access to cheaper energy.
Adding to this misery, manufacturers estimate this bill will cost my state of Missouri over 76,000 jobs and cut between 3 million and 4 million jobs nationwide by 2030.
This thing is a monster of economic destruction and ever expanding governmental intrusion. Really, words completely fail me.
Not content to steal by gaming the system they control, not content to exert power over every aspect of our lives, our representatives are now apparently engaged in what can only be called a war against the people and the economic health of this country.
The outcry and furor induced by the first McCain amnesty bill is forgotten. It is going to be brought back and another attempt to force amnesty down our throats is coming. Personally, I do not recall such a grass roots, visceral reaction to that proposed bill across the electorate since the 60’s in the reaction to VietNam. I am just talking about the reaction.
We are constantly told that we get the representation we deserve, but honestly, I wonder if the electorate who is generally busy providing for families, has the available energy to fight these insane proposals as they are brought up. And you know, with either of the creeps we have on the presidential menu, there will be more and more of this dangerous nonsense foisted upon us as time goes on, since IMO we can pretty much count on a Dem Congress.
Discouraging, to me. Perhaps we will come to feel like the white farmers in Zimbabwe. I hope I am overdramatizing it.
bump.
America is asleep.
At some point, the bureaucrats and legislators will press the wrong button at the wrong time and really piss off the electorate. I just hope that point isn't past the point of no return.
Six years ago, our domestic oil situation was so dismal that my husband retired from a job he loved to draw Social Security. He went back to work four years ago because he knew our country needed every drop of domestic oil that could be scrounged. It seems only he, and his fellow workers, are the ONLY ones concerned. The Senate certainly can't be bothered! /Sarcasm
Surely, if the people of California understand Boxer is responsible for this debacle, they will hold her responsible. These idiots want the American public to think they have absolutely no fault in the gas price problem. However, they, in fact, are the problem!
Talk it up, people, the only way we can work our way out of this mess is to develop our own oil resources, something the “tree huggers” can't stand to even think about. We MUST have domestic oil OR face the Middle East meddling in our foreign policy forever!
Pick up the phone, call your two Senators, and let them have it.
Mine heard from me Monday afternoon.
This outrageous gas price crisis may be the hot button. I know people who have had to quit their jobs because they can’t afford to drive!! This is terrible for families who live paycheck to paycheck and those on fixed incomes.
To think the brain dead dummies in the Senate would make life even more difficult for these people is unconscionable.
VERY well said, and FReegards!
Have you looked at the election returns in that state recently? You've just GOT to be kidding.
Look up the lyrics to the old hobo song, ''The Big Rock-Candy Mountain''. Expresses the attitude of the majority of modern-day Calbanians perfectly...well, except for the bit about the ''cigarette trees''.
They have gone absolutely crazy up there.
ping!
How much Domestic oil do you think is out there? An infinite amount? Would be highly unlikely given the finite borders.
Would love to understand your logic given you used the term "forever".
Thanks John McCain...Ugh...Dang Global Warming garbage.
It’s over. There is no turning back. Make preparations for your family and livelihood. Best.
Asleep? No. Transfixed by politicians and quest for any kind of fame. Americans have been duped into believing that these people on television know what they are talking about.
We ARE doomed.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.
