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Declaring War on the American Economy
Commentary Magazine ^ | June 27, 2009 | John Steele Gordon

Posted on 06/28/2009 4:19:28 AM PDT by Scanian

Cap-and-Trade bill that passed the House yesterday will be a declaration of war on the American economy if it ever is enacted into law. It is ostensibly supposed to help the American economy transition from the old, carbon-based industrial economy to the broad, sunlit (and presumably unpolluted) uplands of a post-industrial one. According to an infomercial masquerading as an AP news story, the “climate bill may spur energy revolution.” Overlooked by the AP and other minions of the left is the fact that that revolution has been underway, largely without the federal government’s help, for more than a generation now. In 1970 a one-percent increase in GDP meant a one-percent increase in oil consumption. Today its means less than a third of one percent increase in oil consumption. It would be considerably less than that had the left not brought the development and exploitation of nuclear power to a screeching halt thirty years ago because too many of them went to see The China Syndrome. (The producers, to be sure, arranged, in a stroke of commercial genius, for the movie to open twelve days before the accident at Three-Mile Island occurred.)

And as Kim Strassel pointed out yesterday in the Wall Street Journal, the so-called science behind this massive bill is looking increasingly shaky.

(Excerpt) Read more at commentarymagazine.com ...


TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: 111th; agenda; bho44; bhoeconomy; captax

1 posted on 06/28/2009 4:19:28 AM PDT by Scanian
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To: Scanian
Start a trade war with India and China by slapping tariffs on goods from countries that don’t conform to US standards on carbon emissions;
Just in time! We need another Smoot-Hawley Tariff Act to nip any recovery in the bud.

That's what the Democrats want, and that's the power the stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid, stupid American voter has given them.

2 posted on 06/28/2009 4:32:17 AM PDT by samtheman
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To: Scanian

More like declaring war on America.


3 posted on 06/28/2009 4:34:36 AM PDT by Carley (OBAMA IS A MALEVOLENT FORCE IN THE WORLD)
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To: Scanian

Once again the Democrats have shown, as does history, that the cause of socialism is a higher cause than the cause of Republican Democracy.


4 posted on 06/28/2009 4:36:55 AM PDT by 11th Commandment (Proud Member of the DHS radical list since Jan 20, 2009)
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To: Scanian

It is war but not really a redistribution of wealth. It is war on humanity with political science the tool. They threw out real science a while ago, because their theory has been shreded so many times. They appeal to the less enlightened now. Those who have not read lately and believe all the say.
Progressives want power, one world big government, and population control. Limit CO2 and you limit vegitation. With limited vegitation, only smaller population will be able to be provided with food.


5 posted on 06/28/2009 4:42:25 AM PDT by wbones8765 ("Give me liberty or give me death")
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To: Scanian
The Obamunist regime is overplaying its hand.
The Sheeple need to really suffer under this foolishness, and they will.
Adding to the economic illiterate's litany of failure is this massive "Cap & Trade" fiasco, predicated upon bad 'science' that has been led by the nose by failed politicians.

A $3 Trillion expense for absolute foolishness when the nation is reeling from an economic tsunami...

obamunism

obamunism

Obama is ensuring that his role will be that of a change agent. More along the lines of Salvador Allende than Gorbachev.

The problem is, that America's black population will never believe it... they continue to vote en-masse for the stupidest candidates who then set out to destroy city after city, and will support Obummer right up until the day he is drummed out of office disgraced and an abject failure.

This is all going to end very, very badly.
It will take a massive restructuring to undo the damage that the left has done, and the sheeple have demonstrated via the ballot box that they have no clue how an economy works.

Stock up on food and ammunition.

6 posted on 06/28/2009 4:48:47 AM PDT by Bon mots
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To: Bon mots
Another step forward to the utopia known by many as Obamunism. Crap and tax is another piece of putrid legislation designed to facilitate a command economy that is at the heart of any communist state.

I've said this before, and I'm going to say it again: the average citizen in this country could not give you a definition of cap and trade if his or her life depended on it. However, if and when this bill passes, they will be looking for blood when they see their bills for food, gas, heat and electricity go through the roof with no more money to pay for them.

7 posted on 06/28/2009 5:22:59 AM PDT by RU88 (Bow to no man)
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To: Scanian

Ic Cap-&-Trade fails in the Senate, the EPA will enact rapidly but piecemeal and there is nothing that can be peacefully done about it, The USSC has already allowed that EPA can regulate CO2 as a pollutant which gives EPA plenipotentiary powers re anything that produces or processes CO2, including breathing.


8 posted on 06/28/2009 5:23:57 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: Scanian

If Cap-&-Trade fails in the Senate, the EPA will enact rapidly but piecemeal and there is nothing that can be peacefully done about it, The USSC has already allowed that EPA can regulate CO2 as a pollutant which gives EPA plenipotentiary powers re anything that produces or processes CO2, including breathing.


9 posted on 06/28/2009 5:24:12 AM PDT by arthurus ("If you don't believe in shooting abortionists, don't shoot an abortionist." -Ann C.)
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To: RU88

(Another step forward to the (bloody hell of mankinds)utopia known by many as Obamunism.)
And by bible believing Christians as atheist humansim one world government headed up by the coming anti Christ and his one world religious leader, the false prophet who will rise up out of the sea of humanity in these latter days as the scriptures predict, leading to the 7 year tribulation and culminating in the 1000 year rule of Jesus Christ on the earth when He destroys the anti christ and the false prophet that rules over the church at Babylon. (Rome probalbly is best suited as thecity that sits on 7 hills as John wrote in the Revelation of Jesus Christ our Lord.

The Lord Jesus is a man of war.

Revelation
19:1 And after these things I heard a great voice of much people in heaven, saying, Alleluia; Salvation, and glory, and honour, and power, unto the Lord our God:
19:2 For true and righteous are his judgments: for he hath judged the great whore, which did corrupt the earth with her fornication, and hath avenged the blood of his servants at her hand.
19:3 And again they said, Alleluia. And her smoke rose up for ever and ever.
19:4 And the four and twenty elders and the four beasts fell down and worshipped God that sat on the throne, saying, Amen; Alleluia.
19:5 And a voice came out of the throne, saying, Praise our God, all ye his servants, and ye that fear him, both small and great.
19:6 And I heard as it were the voice of a great multitude, and as the voice of many waters, and as the voice of mighty thunderings, saying, Alleluia: for the Lord God omnipotent reigneth.
19:7 Let us be glad and rejoice, and give honour to him: for the marriage of the Lamb is come, and his wife hath made herself ready.
19:8 And to her was granted that she should be arrayed in fine linen, clean and white: for the fine linen is the righteousness of saints.
19:9 And he saith unto me, Write, Blessed are they which are called unto the marriage supper of the Lamb. And he saith unto me, These are the true sayings of God.
19:10 And I fell at his feet to worship him. And he said unto me, See thou do it not: I am thy fellowservant, and of thy brethren that have the testimony of Jesus: worship God: for the testimony of Jesus is the spirit of prophecy.
19:11 And I saw heaven opened, and behold a white horse; and he that sat upon him was called Faithful and True, and in righteousness he doth judge and make war.
19:12 His eyes were as a flame of fire, and on his head were many crowns; and he had a name written, that no man knew, but he himself.
19:13 And he was clothed with a vesture dipped in blood: and his name is called The Word of God.
19:14 And the armies which were in heaven followed him upon white horses, clothed in fine linen, white and clean.
19:15 And out of his mouth goeth a sharp sword, that with it he should smite the nations: and he shall rule them with a rod of iron: and he treadeth the winepress of the fierceness and wrath of Almighty God.
19:16 And he hath on his vesture and on his thigh a name written, KING OF KINGS, AND LORD OF LORDS.
19:17 And I saw an angel standing in the sun; and he cried with a loud voice, saying to all the fowls that fly in the midst of heaven, Come and gather yourselves together unto the supper of the great God;
19:18 That ye may eat the flesh of kings, and the flesh of captains, and the flesh of mighty men, and the flesh of horses, and of them that sit on them, and the flesh of all men, both free and bond, both small and great.
19:19 And I saw the beast, and the kings of the earth, and their armies, gathered together to make war against him that sat on the horse, and against his army.
19:20 And the beast was taken, and with him the false prophet that wrought miracles before him, with which he deceived them that had received the mark of the beast, and them that worshipped his image. These both were cast alive into a lake of fire burning with brimstone.
19:21 And the remnant were slain with the sword of him that sat upon the horse, which sword proceeded out of his mouth: and all the fowls were filled with their flesh.


10 posted on 06/28/2009 6:11:38 AM PDT by kindred (The third party conservative is the home of conservatism. Jesus is Lord.)
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To: Scanian

Capitalism must be destroyed so we can replace it with our special blend of socialist/Marxist/fascist policy.

The plan is working, comrades!


11 posted on 06/28/2009 6:52:43 AM PDT by JimRed ("Hey, hey, Teddy K., how many girls did you drown today?" TERM LIMITS, NOW AND FOREVER!)
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