The Administrations Other "Pig In A Poke"

by Joel Hendon⁽¹⁷⁸⁾ Red Star

With the Healthcare Reform occupying most people's minds at this time, the administration is quietly working behind the scenes to put another one over on the American public. Perhaps one more deadly to our nation than even the government takeover of the healthcare industry.

You have no doubt heard of this before, it was in the news to a certain extent before the healthcare fiasco took everyone's mind off of it. The subject is...Cap and Trade! Not many fully understand what that title entails or what the enactment of such a law would do for us. All under the guise of stopping global warming which, incidentally, has been stopped now for over a decade and we are now entering what may turn out to be a little "ice age". But those with high stakes on the global warming issue will "Chicken Little" us to death before they will admit that the climate is actually cooling down.

The so-called "Clean Energy Bill" has already been passed, barely, by the House of Representatives on June 26, by 219 to 212 votes. If this same bill, in it's present form passes the Senate, let us see, just what we might expect from it.

President Obama told the chief executives that this bill, "holds the promise of millions of new jobs -- jobs, by the way, that can't be outsourced." Yet, a comprehensive study of the bill by the Energy Department's Energy Information Administration reports that it will mean fewer jobs by 2030 than if Congress does nothing at all. This report also stated that it will increase costs of electricity to the consumer. This increase, although relatively small to begin with, would multiply as the steps to lower emissions increased.

The legislation also would reduce our gross domestic product. Again, each study, including the one by the EIA, indicated that cap-and-trade legislation "increases the cost of using energy, which reduces real economic output, reduces purchasing power, and lowers aggregate demand for goods and services. The result is that projected real gross domestic product (GDP) generally falls relative to the [status quo]." (Cold in the dark prospects: The WashingtonTimes- Thomas J. Pyle-August 10, 2009)

Those businesses who could easily meet (and even beat) their allotment of emissions could sell or trade their excess allowances to other companies who were having difficulties meeting their allowance. This bill will require Americans to reduce their energy consumption by almost 85% by 2050. This goal would mean that each American would use the same amount of energy as did each American living in 1790.

It would be so much more palatable if the administration simply told us the truth about their takeover efforts.

Be A Writer For Webgazine

Webgazine Columnist.

Article submitted Monday, August 10, 2009 & read 98 times.

Please log in to leave your comments.
No comments yet.

0-0-0-0-1-ADWR

Most Recent

Sponsors: