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Posted on 03/04/2009 3:50:12 PM PST by Delacon
President Obama wants to pay you to support global warming regulation. What he isn’t saying, however, is that his enticement won’t come close to covering what the regulations will cost you.
In his 10-year budget released this week, the President proposed a so-called cap-and-trade scheme to reduce greenhouse gas emissions. Under the proposal, 100 percent of the permits to emit greenhouse gases would be auctioned to coal and natural gas-burning electric utilities, industrial plants and other emitters-to-be-designated. The proceeds from the auctions would then distributed to individual Americans “to help the transition to a clean energy economy,” according to his budget proposal.
But what does this proposal mean for the average person in terms of actual dollars and cents?
Maybe the economics of Obama’s cap-and-trade rip-off don’t bother you, but the fact that the rip-off will accomplish nothing should give you pause.
It’s difficult to work out the precise financial impacts, but you can get an idea by doing some back-of-the-envelop calculations with some of the facts and figures that have recently been bandied about.
Based on past global warming legislation, like the Lieberman-Warner bill that failed in the Senate last June, a cap-and-trade plan would probably cover about 80 percent of U.S. greenhouse gas emissions — about 5.8 billion tons based on a total of 7.3 billion tons emitted during 2007.
Assuming that permits are auctioned at a price of $12 per ton — a safety valve price included in past climate bills — the Obama plan would raise about $70 billion in its first year. Given that President Obama has proposed to spend about $15 billion per year of the auction proceeds on “clean energy” projects, about $55 billion would be leftover for distribution to individuals– in other words, every American with a Social Security number.
(Excerpt) Read more at canadafreepress.com ...
The liberal think tank Center on Budget Priorities and Policy estimated this week that reducing greenhouse gas emissions would cost the poorest families in America $750 per year as higher energy prices ripple through the economy affecting all goods and services. So if the poorest families, who use far less energy than the rest of America, are in a financial hole under the president’s plan, one can easily imagine how the rest of us will end up. Consider the potential consequences on just your electric bill.
ping
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Even though it's below zero and your house is cold, trust us. It's a crisis. Polar bears are dying somewhere. It's time to cap and fleece.
We'll use the revenue from your bloated utility bills to ensure our reign of power never ends, and your dependence on government also.
Have a barbecue grill? Lawn mower? Dog that farts? We need to talk. Everyone has to pay their share, citizen. The Earth is burning up.
Sincerely, the Obama Climate Crisis Team
Clearing some trees? Have you paid the cordwood tax?
Obama climate czar has socialist ties
Group sees 'global governance' as solution
by Stephen Dinan
Until last week, Carol M. Browner, President-elect Barack Obama's pick as global warming czar, was listed as one of 14 leaders of a socialist group's Commission for a Sustainable World Society, which calls for "global governance" and says rich countries must shrink their economies to address climate change.
By Thursday, Mrs. Browner's name and biography had been removed from Socialist International's Web page, though a photo of her speaking June 30 to the group's congress in Greece was still available.
lots more...
http://www.washingtontimes.com/news/2009/jan/12/obama-climate-czar-has-socialist-ties/
Even though it's below zero and your house is cold, trust us. It's a crisis. Polar bears are dying somewhere. It's time to cap and fleece.
Yes, and China's industrial capability will not wear any such fetters.
Gotta let some people catch up, you know.
Rarely do I support following China’s lead but...
That top pic cracked me up.
Chain American industry, while allowing China to spew whatever poisons they wish. That's all it is.
That was from Germany a week or so ago. Looks like they were mocking the Messiah and his idiot supporters there and/or elsewhere around the world. I don't know why they would be, though. The pic brought to mind "Dumbo" (big ears, him 'flying'). And the post I was replying to had a pic of Obama as Dumbo.
Had them made at makestickers.com. From this area specifically.
Global warming on Free Republic
My exposure to “cap & trade” came with a WSJ front page article 9/2006 on its effect on the German economy. Even then it was pretty ugly.
But but but... I just clearing to provide space for more trees to sequester more carbon...
...well of course I'll burn the old wood. After all, if I let it rot it'll just become methane and CO2 and you don't want that...
I’m guessing F**ked Up By Obama?
Damn and I just planted a tree for Israel. Not jewish, I just like planting co2 spewing plants in democraticly governed countries in the ME.
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