April 24, 2010 — Global Warming scam to cost Americans trillions.
This proposed global warming tax-and-spend scam would be one of the biggest financial assaults ever perpetrated against a free people.
Forgetting for a moment that the whole anthropogenic global warming myth is the biggest fraud ever sold to a free people, the plans the Obama Administration has to lighten the pockets of the American people is truly staggering.
President Obama started out claiming the cap-and-trade tax was going to cost $646 billion, and that they'd stick the evil companies primarily the power industry with the cost. Never mind that those costs will be passed on to the consumer in the form of an electric bill which is more than 40% higher; a little shallow class envy greases the wheels of socialism, right?
Suspicions were quickly raised that $646 was a pretty low estimate, and now the White House has essentially confirmed that, according to the Washington Times: President Obamas climate plan could cost industry close to $2 trillion, nearly three times the White Houses initial estimate of the so-called cap-and-trade legislation, according to Senate staffers who were briefed by the White House At the meeting, Jason Furman, a top Obama staffer, estimated that the presidents cap-and-trade program could cost up to three times as much as the administrations early estimate of $646 billion over eight years. A study of an earlier cap-and-trade bill co-sponsored by Mr. Obama when he was a senator estimated the cost could top $366 billion a year by 2015. A White House official did not confirm the large estimate, saying only that Obama aides previously had noted that the $646 billion estimate was conservative.
Robbing the American people to the tune of $2 trillion dollars, all for an environmentalist load of malarkey that doesn't even pass the smell test of believability? You have an other $4,500 a year lying around in the closet not doing anything useful, right?
And don't forget about the tremendous job-destroying damage this hooey will do to our economy, as its already doing in Spain.
There was another interesting tidbit in the Washington Times article, too. Liberals have been claiming now that they've essentially admitted the Oh, were going to stick it to the evil companies routine was a load of bull that they'll rebate the money they take out of your pocket with a 40% higher electric bill. Now, you can believe that you'll actually get a rebate from our inefficient, sticky-fingered federal government if you want, and you can even go on believing in the Easter Bunny, too. But I wouldn't count on it.
Liberty, Equality, Efficiency (Paul Krugman/New York Times)
25 minutes ago