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Obama's Assault on the Middle Class
The American Spectator ^ | May 2009 | Peter Ferrara

Posted on 05/16/2009 2:15:41 PM PDT by pleikumud

The Obama administration itself estimates that cap and trade will involve increased costs from 2012 to 2019 alone of $645 billion, and admits in its own budget that the actual costs could be much higher than that, depending on permit prices over those years. Indeed, other estimates put the costs three times higher. So the increased burden on each Ameri can over this period alone would be $2,100 to $6,300. For a family with two children, that would be $8,400 to $25,200, with much more to come after 2019. These increased costs are effectively a new tax on the American people, even though Obama promised in his campaign that there would be no tax increase for the bottom 95 percent of income earners.

(Excerpt) Read more at spectator.org ...


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 111th; agenda; americanspectator; bho44; bhotaxincrease; capandtax; captrade; co2; congressmorons; ferrara; globalhoax; idiocy; idiot; impeach; lostjobs; marx; middleclass; negativegdp; obama; second100days; socialism; tax; unemployment; warminghoax
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Obama and his Socialist Congress are planning to enact cap & trade, aka "cap & tax". This scheme to limit CO2 emissions is based on the bogus religion called man-made global warming. Cap & trade, as the author points out, would severely tax everyone in the United States, cause companies to leave, significantly increase unemployment, lower our standard of living, and give the federal vast new powers to control everything in our lives that involves carbon dioxide. It is truly a frightening expansion of government aimed at the destruction of the American economy. Cap & trade is an insane and must be stopped. Write to your Congressmorons!
1 posted on 05/16/2009 2:15:42 PM PDT by pleikumud
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To: pleikumud

John McCain will be leading the charge in the Senate to approve cap and trade.


2 posted on 05/16/2009 2:17:42 PM PDT by kabar
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To: kabar

John McCain will be leading the charge in the Senate to approve cap and trade.
____________________________________-

I believe it.


3 posted on 05/16/2009 2:19:44 PM PDT by unkus
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To: kabar

All the morons in Congress who believe in man-made global warming will vote for cap & trade. Senator Martinez of FL is one of them.


4 posted on 05/16/2009 2:22:47 PM PDT by pleikumud
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To: pleikumud

If cap and tax passes, it’s the end of our economy. The death blow. That’s all folks, it’s over. If high gas prices brought the economy to it’s knees at the 4 dollar a gallon mark, making all other energy more expensive than it is, is a fatal blow. As Rush said last year, our economy thrives when there is cheap plentiful energy. If that is gone, we’re done for. Energy bills are high as it is. Premium gas (to avoid ethanol) here in WI was $2.55 yesterday. O wants to cripple our country so the weak of mind will want to depend on government. Many will fall for it. We will not.


5 posted on 05/16/2009 2:37:20 PM PDT by TheConservativeParty ("Government is not reason, it is not eloquence, it is force." George Washington)
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To: pleikumud
... theory of global warming...

...increased CO2 is allegedly trapping heat..

...will allegedly cause the earth’s temperatures to rise...

... that is how cap and trade is supposed to...

... expectation is that consumers,...

...Obama administration itself estimates ...

...actual costs could be much higher...

...other estimates put the costs three times higher ...

...increased costs are supposed to cause this decreased consumption ...

...means you are expected to cut back ...

...production and use of fertilizer also allegedly contributes to global warming...

That's an awful lot of fancy ways to say the word GUESS. For somebody to want to totally remake the world's largest economy based on so many guesses takes either diabolical disregard for the welfare of said economy's citizenry or the willful suspension of reality. Or both. So who exactly is the evil speculators now Mr. Dear Leader?

6 posted on 05/16/2009 2:42:53 PM PDT by Kudsman (Thou Shalt Not Steal - Government hates the competition.)
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Make ready the pitchforks!


7 posted on 05/16/2009 2:45:09 PM PDT by Kudsman (Thou Shalt Not Steal - Government hates the competition.)
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To: Kudsman

At this point in time. Obama can do anything he wants to all in the US and no pitchforks are coming out. No one is going to stop him.

Very sad.


8 posted on 05/16/2009 2:48:19 PM PDT by dforest
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To: pleikumud

9 posted on 05/16/2009 3:15:19 PM PDT by samtheman
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To: indylindy; Kudsman

Kudsman is right.

We will do nothing at all. We are too busy trying to hold on to the way of life we have against the odds.

Like a person who needs to change careers or a company that needs to diversify we have waited too long holding on to the old ways hopeing that the truth is not true.

The 2010 elections are too far off and even if they were not there is no Republican / opposition leadership to organize a real counterfource to overtake or at least balance the Congress or the Senate.


10 posted on 05/16/2009 3:15:22 PM PDT by Sequoyah101 (Half of the population is below average)
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To: pleikumud
Throughout history, poverty is the normal condition of man. Advances which permit this norm to be exceeded- here and there, now and then- are the work of an extremely small minority, frequently despised, often condemned, and almost always opposed by all right-thinking people. Whenever this tiny minority is kept from creating, or (as sometimes happens) is driven out of a society, the people then slip back into abject poverty.

This is known as "bad luck."
-- Robert A. Heinlein

11 posted on 05/16/2009 3:36:24 PM PDT by Noumenon (As long as I have a rifle, I STILL have a vote...)
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To: indylindy

Write to your Congressmorons every day. Tell them over and over again how idiotic cap & trade is, and the rest of Obama’s agenda for the destruction of America.


12 posted on 05/16/2009 3:38:16 PM PDT by pleikumud
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To: pleikumud

Obama needs to remember that most revolutions arise from the middle-class.


13 posted on 05/16/2009 3:43:52 PM PDT by expatpat
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To: expatpat

Who’s gonna start it ??


14 posted on 05/16/2009 3:52:09 PM PDT by Renegade (You go tell my buddies)
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To: indylindy

I think that the American people are tolerant.....but up to a point. The spineless GOP is not opposing this. This apparent lack of opposition will only embolden Hussien and the dems. This is a very bad scenario.

I predict that there will be a breaking point. And when it breaks, it will BREAK.


15 posted on 05/16/2009 3:55:12 PM PDT by TMA62 (TMA62)
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To: Kudsman

This remindS me of the end of the frankenstien monster when he is held up in a burning wind mill, while the locals are with torch and pitchfork. Have we had enough abuse yet? Are we dine hoping that things will get better? Can we finally agree that they are the enemy?


16 posted on 05/16/2009 3:59:07 PM PDT by ronnie raygun
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To: Kudsman
Make ready the pitchforks!

Better yet, the muskets.

17 posted on 05/16/2009 4:10:25 PM PDT by Windflier (To anger a conservative, tell him a lie. To anger a liberal, tell him the truth.)
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To: pleikumud

OK all you Tea Party Members man the phones and fax lines. This is why we were protesting April 15.


18 posted on 05/16/2009 4:18:37 PM PDT by steveab (When was the last time someone tried to sell you a CO2 induced climate control system for your home?)
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To: Windflier
Better yet, the muskets.

Good idea if the pitchforks don't get their attention. People showing up with muskets would be asking to get shot as insurrectionists. If every gun owner showed up in D.C. with an honest to goodness pitchfork though, to remind the elitists that we do have guns and are ready to use them if necessary, then the Government would look awful foolish if they began mowing down peasants with farm tools.

19 posted on 05/16/2009 4:28:19 PM PDT by Kudsman (Thou Shalt Not Steal - Government hates the competition.)
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To: unkus

You should believe it...he’s already said he will.


20 posted on 05/16/2009 4:30:16 PM PDT by Cyber Liberty (Pretending the Admin Moderator doesn't exist will result in suspension.)
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