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Cap and Trade Dementia
American Spectator ^ | July 1, 2009 | Peter Ferrara

Posted on 07/01/2009 5:49:08 AM PDT by reaganaut1

Barack Obama called for House passage of the cap and trade tax bill last Friday by calling it a jobs bill. The bill is designed to raise the price of energy in the U.S. so much that it will reduce the use of fossil fuels by 17% by 2020 and by 83% by 2050. Sentencing the U.S. economy to high cost energy is not a particularly good strategy for creating jobs. The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.

This is surely a gross underestimate of the net job losses from a bill designed to reduce the use of fossil fuels to the level in 1907. All those soccer moms better get used to riding their horses to the grocery store and back. And their husbands better get used to working the farms again, by hand, as high cost energy will chase remaining American manufacturing out of the country to India and China, which do not suffer from Al Gore's delusions about supposed global warming.

Yet Barack Obama calls it a jobs bill. This reflects a by now well-established pattern of deceptive, misdirection rhetoric, raising broadly appealing ideals in promotion of policies that would do just the opposite. For example, Obama is also trying to sell us a new health care entitlement, larger than any of our already grossly overgrown entitlements we can't finance, with the argument that it will actually reduce costs, even while CBO estimates that it will increase Federal spending by $1.6 trillion (woefully underestimated).

Earlier this year, Obama released his budget with great fanfare about how it would supposedly reduce the federal deficit in half in five years.

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


TOPICS: Culture/Society; Editorial; Government; News/Current Events
KEYWORDS: 111th; capandtax; capandtrade; energy; ferrara; globalwarming; jobs; waxmanmarkey
The Charles River Associates report is here .
1 posted on 07/01/2009 5:49:08 AM PDT by reaganaut1
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To: steelyourfaith; xcamel

global warming ping


2 posted on 07/01/2009 5:49:43 AM PDT by reaganaut1
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To: reaganaut1

If Obama and the members of congress who voted for the biggest scam ever on this country called Cap and Trade, and don’t get 150 years in prison for it, then they owe Bernard Madoff an apology.


3 posted on 07/01/2009 5:52:04 AM PDT by Sig Sauer P220 (Forget going Galt. Its time to go Braveheart.)
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To: OKSooner; honolulugal; Killing Time; Beowulf; Mr. Peabody; RW_Whacko; SideoutFred; Ole Okie; ...
Carbon:

Carbon Cap & Scam Ping - (POGW)


Calling it 'dimentia' is like treating an amputation with a band~aid.
4 posted on 07/01/2009 5:54:13 AM PDT by xcamel (The urge to save humanity is always a false front for the urge to rule it. - H. L. Mencken)
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To: reaganaut1
Related article http://www.freerepublic.com/focus/f-news/2283127/posts

Contact at least one of your politicians everyday via phone, email, faxes, letter writing or in person meetings to voice your opposition to this and other socialists bills including socialized health care, amnesty for illegal aliens etc... Toll free Capital Switchboard numbers are below.

800-828-0498

877-762-8762
5 posted on 07/01/2009 5:55:36 AM PDT by Man50D (Fair Tax, you earn it, you keep it! FairTaxNation.com)
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To: reaganaut1

The global warming tax is designed to destroy the economic well being of America and is but one more marxist ploy of the leftist communist democrats to push us out of jobs and homes and into the government run hovels of the cities is you could even find a job. Its working because of the stupidity of the leftist voters looking for change for the worse.


6 posted on 07/01/2009 5:57:25 AM PDT by ohhhh (Republicans are now liberals, Democrats are Marxists. Lord Jesus, help us.)
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To: reaganaut1

Listening to Obama and the Dems call the C&T a “jobs” bill is twist of logic right out of “1984”. Sadly, lots of the sheeple out there buy it and the MSM (witht the exception of Fox News and the WSJ) are merely accomplices.


7 posted on 07/01/2009 6:01:39 AM PDT by rbg81 (DRAIN THE SWAMP!!)
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To: reaganaut1
You don't understand. The real goal of Cap and Trade is to make liberals "feel good" because they're doing something "for the children." You wouldn't deny them that pleasure, would you?

They don't care how much of our money they have to spend in order to do something for the children.

8 posted on 07/01/2009 6:26:08 AM PDT by mbynack (Retired USAF SMSgt)
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To: reaganaut1

Its a jobs bill for bureaucrats, lawyers and bankruptcy judges.


9 posted on 07/01/2009 6:33:25 AM PDT by Iron Munro (Obama as President is like hiring a mechanic who never saw a car before.)
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To: xcamel
Watch closely...
At no time will my hands leave my wrists.


10 posted on 07/01/2009 6:37:15 AM PDT by Iron Munro (Obama as President is like hiring a mechanic who never saw a car before.)
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To: reaganaut1; Little Bill; IrishCatholic; Normandy; According2RecentPollsAirIsGood; ...
Thanx !

 


Beam me to Planet Gore !

11 posted on 07/01/2009 6:37:37 AM PDT by steelyourfaith ("The problem with socialism is that you eventually run out of other people's money" - Lady Thatcher)
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To: reaganaut1
These liberals are F’in delusional.

Thanx GOP....thanx a bunch. I feel so warm, safe and fuzzy knowing you guys got my back.

Now, how bout standing up and showing us you have some go-nads!!!!

Find a camera and a microphone....for crying out loud, SAY SOMETHING....anything that would show opposition!

12 posted on 07/01/2009 6:42:41 AM PDT by servantboy777
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To: reaganaut1

The best site for contacting Congress is here
http://www.visi.com/juan/congress/
It contains local telephone numbers for their offices, and DC telephone numbers, mailing addresses and fax numbers and email numbers.

I recommend letters, faxes, and phone calls. Unfortunately the honorable Congress Critters appear to be operating independently and not as our elected representatives. They also appear to be bereft of their common sense. Perhaps we collectively can change that.


13 posted on 07/01/2009 6:43:16 AM PDT by Citizen Tom Paine
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To: reaganaut1

“...Barack Obama calls it a jobs bill...”

Makes sense to me comrade.

IMHO


14 posted on 07/01/2009 7:57:09 AM PDT by ripley
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To: reaganaut1

It’s sort of a “Through the Looking Glass” world now.


15 posted on 07/01/2009 10:50:33 AM PDT by Ole Okie (the)
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To: reaganaut1; 11B40; A Balrog of Morgoth; A message; ACelt; Aeronaut; AFPhys; AlexW; America_Right; ..
DOOMAGE!

Global Warming PING!

You have been pinged because of your interest in environmentalism, alarmist wackos, mainstream media doomsday hype, and other issues pertaining to global warming.

Freep-mail me to get on or off: Add me / Remove me

Please ping me to all note-worthy threads on global warming.

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16 posted on 07/01/2009 6:48:39 PM PDT by Tolerance Sucks Rocks (Barack Obama: in your guts, you know he's nuts!)
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To: reaganaut1
Yet Barack Obama calls it a jobs bill.

He can call it whatever he wants.

He can polish a turd until it shines, but it's still a piece of $*it....

17 posted on 07/01/2009 11:04:45 PM PDT by dirtbiker (Obama is America's first Affirmative Action president....)
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