Posted on June 11th, 2009 at 8:09 am by Mark
Cap and Trade…err…tax and spend

I know I am on my soapbox lately on Cap and Trade, but I am personally sick and tired of the tax and spend policies coming out of DC. Cap and Trade is one those issues. Recently I wrote a Letter to the Editor for the IndyStar and Bloomington Herald, which I don’t believe has been posted yet, but will see what the response is, you can read that letter here.

Then a co-worker of mine led me to this Op-Ed by Congressmen Hill from the 9th Congressional District here in Indiana. You can read the full Op-Ed here. In the Op-Ed he states we all need to find “common ground” and “prevent from spiking utility rates” Congressman Hill, are you kidding me? Also, the comments are a must read.

This recent post by my friend Scott tells a different story, in it he states our utility rates will go up at least $3,100 and that is by one MIT study. You can read the full post by Scott here. Congressmen Hill for once in your career as a Representive of the Southern District of Indiana and for the rest of the Country, vote against this poor…poor piece of Legislation when it hits the House floor for a full vote, will you stand up to your own party and tell them NO? This will not help the Hoosier state and you know it, but it seems to me you really could care less.

Their are so many studies out here on Cap and Trade that it would scare you what this will cost the taxpayers and our economy. We cannot afford this and Congress knows it, but could care less. When someone tells me Democrats are more fiscially responsible then Republicans….I wanna just laugh (and most of the time I do). It is obvious the Democrats in Congress have no clue of what they are doing and honestly neither does the President!

List of Studies here:

National Black Chamber of Commerce

The Heritage Foundation

Op-Ed from the Washington Examiner here

Cap and Trade, Economics, Economy, Energy | 1 Comment »

1 Response

  1. We strongly urge you to vote “NO” to theCap & Trade Climate and Energy Bill.

    The final Climate and Energy Bill passed the House so diluted with special interest bribes that It defeats what was represented to be its original objectives. Have you read the over 1,000 pages of the bill on which you are asked to sign? Cap & Trade is a prime example of the legislation which has been rushed through from the inception of the economic downtown with dire consequences to your constituents whom you are elected to represent.

    While avoiding the underlying question, the proposed legislation would have a trivial effect on global warming while imposing substantial costs to the American householders. While avoiding the underlying question, the proposed legislation would have a trivial effect on global warming while imposing substantial costs to the American householders. The Congressional Budget Office estimates that its resulting increase in consumer required to achieve l5% CO2 reduction will raise the cost of living initially by $1600 per year per household with future costs significantly higher. Higher prices will relate to every manufactured goods, companies moving offshore, resulting in fewer jobs and higher unemployment WITH LITTLE EFFECT ON GLOBAL WARMING.

    What effects does Cab & Trade have?

    1. It interferes with positive solutions to Global Warming/ Solving global warming means solving how to keep most remaining fossel fuels in the ground.

    2. It squanders resources and ingenuity on the wrong things. t squanders resources and ingenuity on the wrong things. S. Korea, the firm of Rhodia has profited 30% more selling carbon credits with NO GAINS.

    3. It requires knowledge we don’t have and interferes with positive solutions to Global Warming.. Progressive California calls carbon training a “charade to continue business as usual.” – more construction of new fossel fuel fired power plants instead of focusing on building a green economy to provide new jobs for power communities.

    4. It is based on faith not experience. Carbon trading – the centerpiece of the Kyoto Protocol and Europe’s response to climate change – the EU Emissions Trading Scheme has FAILED.

    5. Cap & Trade is Antidemocratic.

    WHO BENEFITS? Who Benefits? Big fossel fuel using companies; hedge funds, commodities traders, banks and law firms, i.e. ENRON, WorldCom, LTCM and the subprime mortgage market.

    WHO LOSES? Once again – the American people. Cap and Trade is likely to be the biggest tax in American history.

    Fred and Renee DeKlotz

    Posted by Renee DeKlotz on July 4th, 2009 at 10:20 am |

   
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