06/26/09

Cap-and-Tax Bill Passes US House

Filed under: National — @ 07:04:29 pm

As if the external threats to America weren’t enough, a few hours ago the House of Representatives passed the Cap-and-Trade bill proposed by the Obama administration, a bill that the president admits will cause the cost of energy to skyrocket. See this clip:

This is absurd. Al Qaeda, US enemy number one, says that their strategy is to “bleed” us until bankrupt. Well, someone inform Osama that he can stop his efforts right now, internally we are doing it to ourselves. Barack Obama has, from day one, has pushed harder and harder to tighten the grip of government on the free market. He has obfuscated and lied about not raising taxes on middle and lower income Americans and he has been helped by the entire extreme liberal voting bloc in Congress. I say liberal and not Democrat because there are many Democrats who do not think it makes sense to raise gas prices and raise families’ electricity costs by passing a bill that may not have any effect on global warming. First off, the effects on the environment that it will have will be offset by the fact that China will accelerate its consumption of fossil fuels as more of its citizens move into cities and buy cars.

Second, the improvement of India’s economy will also cause a substantial increase in carbon emissions. Third, any extensive government intrusion in the economy should focus more on creating incentives for cleaner energy instead of punishing the consumers of an already established market, i.e. all Americans. At this time when energy prices are already going higher and higher and people are making less due to unemployment, it is simply absurd that Congress would pass a bill that does more to punish Americans than try to unleash their creativity and innovation. Since everything that gets produced uses energy, the effects on the entire economy will be widespread. Obama’s efforts to bankrupt the coal industry and tax energy will make America less competitive and make businesses less likely to start up or remain in this country. If this bill passes the Senate, then the economic engine of America will get a bit more sluggish and we will no longer be the world superpower… China will.

Let your Senators know that Americans will not stand for this.

-AG

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