Posted on 06/28/2009 5:47:06 AM PDT by Jbny
The 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.
(Excerpt) Read more at commentarymagazine.com ...
Petro-chemical along the Texas coast provides this nation with the materials to maintain our economic engine.
Cap and trade will throttle down production and cause a significant scale down in the Texas economy.
What is our government thinking?
Yet again, our bigger than life leaders up in Washington are hell bent on killing America.
China will not bow to these same sort of pressures. China and India will continue to produce on, pollute on to world economic dominance.
American industry (what's left of it) is by far the cleanest in the world.
Chinese industry is by far the filthiest.
Multinational corps could care less if China pollutes the crap out of their environment....just so long as they continue to produce.
Stories out of China in regards to air and water quality are bizarre at best.
The Chinese government works overtime to hush it all up at the expense of their citizenry.
Yet our government's working overtime to throttle back our output, throttle back domestic energy exploration.
America's economic dominance is being whittled away and these liberal pukes will further cause our nation to become ever more dependent on foreign energy.
Economic Suicide......at the hands of our own government.
It will be interesting to see what the markets do on Monday so show there support or disdain for this legislation.
The US is currently unsolvent.
The bankruptcy court of the world has ruled in favor of foreclosure.
All the assets are being sold to satisfy the creditors.
The current ‘dwellers’ are allowed ( by the nice creditors) to stay, as house servants. Room and board, but no pay.
Your taxes will be increased soon to %100, completing this goal.
The market may be propped up by Obama’s plumbers Monday just to keep the sleeping idiots from knowing what really happened Friday.
It will probably be more like thousands of jobs..in Texas.
I am having a tough time selling the damage that is coming to family members who supported Zero however. Not yet. I supppose they are so stupid they are going to have to wait til the damage becomes apparent and then it will be too late.
Excellent article. Have emailed the link to everyone I know
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The stock market has already anticipated and discounted the impact of the this Cap and Tax. I don’t think the market believes it will pass the senate. It will only pass the senate if we don’t get off our butts and barrage our Senators. Including Madam Chairman.
“Post Industrial” We are all going to be destitute. Serfs
‘...may spur energy revolution..’ Somehow I missed the metric revolution.
It's all purely academic to them until they notice that their monthly energy bill has just (to quote Obama on the subject) "skyrocketed".
It’ll be great for those positioned to hold sway over the carbon credits market. Try to be one them.
Your taxes will be increased soon to %100, completing this goal
You've hit the nail on the head. This behavior only makes sense in the context of the American Federal government acting as the agent of China in a receivership arrangement.
They've spent us into unsustainable debt, then sold us into slavery to satisfy the illegal debt they forged in our name.
The time for treating the Federal government like fellow Americans is over. They are paid agents of a hostile foreign power.
I read here yesterday that an EPA memo, suppressed by O, disputed the scientific basis for AGW. An IBD editorial ripped O for this. Is this EPA memo real? Did O in fact suppress it? If so, this should be the biggest news item of the year, esp on the eve of the cap and trade vote.
True. But, again, by then, it will be too late - for this country and for countless American businesses and individuals and families.
There is one major foreseeable difference between post-industrial and pre-industrial. Pre-industrial generations did not know how much better living standards (including health care) could be. Post-industrial generations will have a plethora of records describing exactly how much better the quality of life was during the industrial age.
I’d dump any petro-chemical stock for sure.
Not necessarily. From what I understand there are countries that have already implemented cap-and-trade and then, after the bills came due, had to discontinue the program.
In fact, this entire scam might be about just getting those firt 2-3 billing cycles into the right coffers before the American people make enough noise.
One can only hope.
The *real* shame is that the American people have demonstrated that they're willing to put the resident nutcases in charge of their society.
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