Posted on 06/29/2009 9:07:25 PM PDT by Ooh-Ah
Anyone who posts a pic of Nostrildamus I’m hitting the abuse button.
Congressman Tom McClintock (R) California on Cap and Trade:
The Biggest Economic Mistake Since The Days Of Herbert Hoover
Rep. McClintock gave the following floor speech in opposition to the Cap and Trade legislation on June 26, 2009.
I had a strange sense of Deja Vu as I watched the self-congratulatory rhetoric on the house floor tonight, and I feel compelled to offer this warning from the Left Coast.
Three years ago, I stood on the floor of the California Senate and watched a similar celebration over a similar bill, AB 32. And I have spend the last three years watching as that law has dangerously deepened Californias recession. It uses a different mechanism than Cap and Trade, but the objective is the same: to force a dramatic reduction in carbon dioxide emissions.
Up until that bill took effect, Californias unemployment numbers tracked very closely with the national unemployment rate. But then in January of 2007, Californias unemployment rate began a steady upward divergence from the national jobless figures. Today, Californias unemployment rate is more than two points above the national rate, and at its highest point since 1941.
What is it that happened in January of 2007? AB 32 took effect and began shutting down entire segments of Californias economy. Let me give you one example from my district. The City of Truckee, California was about to sign a long-term power contract to get its electricity from a new, EPA-approved coal-fired electricity plant in Utah. AB 32 and companion legislation caused them to abandon that contract. The replacement power they acquired literally doubled their electricity costs.
So when economists warn that we can expect electricity prices to double under the cap and trade bill, I can tell you from bitter experience that in my district, thats not a future prediction, that is an historical fact.
Gov. Schwarzenegger assured us that AB 32 would mean an explosion of new, green jobs exactly the same promises were hearing from cap and trade supporters. In California, exactly the opposite has happened. We have lost so many jobs that the UCSB economic forecast is now using the D-word Depression to discuss Californias job market.
M. Speaker, the Cap and Trade bill proposes what amounts to endlessly increasing taxes on any enterprises that produce carbon dioxide or other so-called greenhouse gas emissions. We need to understand what that means. It has profound implications for agriculture, construction, cargo and passenger transportation, energy production, baking and brewing all of which produce enormous quantities this innocuous and ubiquitous compound. In fact, every human being produces 2.2 pounds of carbon dioxide every day just by breathing.
So applying a tax to the economy designed to radically constrict carbon dioxide emissions means radically constricting the economy.
And this brings us to the fine point of it.
When you discuss the folly of the Hoover Administration how it turned the recession of 1929 into the depression of the 1930s, the first thing that economists point to is the Smoot-Hawley Tariff Act that imposed new taxes on over 20,000 imported products.
Waxman Markey is our generations Smoot Hawley. In fact, its worse because it imposes new taxes on an infinitely larger number of domestic products on a scale that utterly dwarfs Smoot-Hawley.
Lets ignore for the moment the fact that the planets climate is constantly changing and that long term global warming has been going on since the last ice age. Lets ignore the fact that within recorded history we know of periods when the earths climate has been much warmer than it is today and others when it has been much cooler. Lets ignore the thousands of climate scientists and meteorologists who have concluded that human-produced greenhouse gases are a negligible factor in global warming or climate change.
Ignore all of that and still we are left with one lousy sense of timing. In the most serious recession since the Great Depression why would members of this house want to repeat the same mistakes that produced that Great Depression? Watching how California has just wrecked its economy and destroyed its finances, why would they want to do the same thing to our nation?
M. Speaker, this is deadly serious stuff. It transcends ideology and politics. This House has just made the biggest economic mistake since the days of Herbert Hoover.
If this measure becomes law, two things are certain.
First, our planet will continue to warm and cool as it has been doing for billions of years.
Second: Congress will have delivered a staggering blow to our nations economy at precisely that moment when that economy was the most vulnerable.
Please send this to your personal address lists and ask that they forward this message to their address list.
RUSH: Have you heard about this, folks? When you sell your house, environmental experts have to come in and do a survey to find out if you've got leaky windows, if all the environmental systems are correct, if you have relatively new appliances, and until you modernize in the way they say, you can't sell -- that's in the bill. I'm not kidding, Brian. See, you can't believe it. You can't. It's in the bill. It was in this amendment that Boehner read.
Henry Waxmoth is just acting on his “principles”.
RUSH: Have you heard about this, folks? When you sell your house, environmental experts have to come in and do a survey to find out if you've got leaky windows, if all the environmental systems are correct, if you have relatively new appliances, and until you modernize in the way they say, you can't sell -- that's in the bill. I'm not kidding, Brian. See, you can't believe it. You can't. It's in the bill. It was in this amendment that Boehner read.
What would anyone expect?
The government wants total control of everything, and people continue to be surprised, stunned and amazed.
How stupid is that?
What's it take to wake people up? These control freaks running government clearly see the citizens of this country as total complete morons, that couldn't buy a clue.
The last president was so bad he was replaced by a Communist from Africa...So bad he literally made citizenship all but pointless, as the insiders run the likes of McCain.....By that time, conservatives were physically ill, watching the economy slide into an abyss, as they hand power over to another puppet in chief...And all the inner city minorities/communist/socialist/ professional consumers and illegal aliens think is just fantastic.
wow...
10 years ago, all the party insiders and party groupies told everyone that the one world order, globalism, world banks, transfer of wealth to world governments, elimination of our borders was just what tin foilers spouted...It was all just conspiracy, black helicopter stuff that should be ignored. lol...
It's all very real....Too bad so few believed it, or just failed to see what was coming.
Nostrilities is the very definition of a vile scoundrel. Truly despicable.
And vulgar as well as vile!!!
ping
RUSH: Have you heard about this, folks? When you sell your house, environmental experts have to come in and do a survey to find out if you've got leaky windows, if all the environmental systems are correct, if you have relatively new appliances, and until you modernize in the way they say, you can't sell -- that's in the bill. I'm not kidding, Brian. See, you can't believe it. You can't. It's in the bill. It was in this amendment that Boehner read.
Sigh..
Good thing I like where I live.
Our elected public serpents should actually read the bill before voting on it.
Than again, their constituents should actually know what they are up to before they re-elect them.
Reminds me of the line from Naked Gun after Drebin accidentally lets out the zoo animals while trying to apprehend a suspect.
Mayor (to Lt. Frank Drebin); Thanks to you, this city has been overrun with baboons.
Drebin: Uuuuhhh, isn’t that the fault of the voters?
Good post. I didn’t realize that was in this bill.
Hello all, join me in building an outdoor fire pit and burning as much trash and yard waste as you possibly can. Emancipate the CO2! Become a Carbon Sasquatch.
Maybe that’s what ‘creating green jobs’ is all about? Force the owners to make expensive (and useless)modifications to their properties before they can put the property on the market?
Should this garbage actually become law, accidental house fires are going to increase 100 fold. Then, of course, all of our insurance premiums will go up to cover those losses.
RUSH: Have you heard about this, folks? When you sell your house, environmental experts have to come in and do a survey to find out if you've got leaky windows, if all the environmental systems are correct, if you have relatively new appliances, and until you modernize in the way they say, you can't sell -- that's in the bill. I'm not kidding, Brian. See, you can't believe it. You can't. It's in the bill. It was in this amendment that Boehner read.
After all the Democrats’ idea of environmental urgency has priority over private citizens ownership rights.
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