Cap and Trade-Hold on to Your Wallets

This bill is another Statist move to hobble the American economy and impoverish the American people. What it does is set limits on green house emission. I've got to note here that humans contribute about 2% or less of these emissions. Obama and the Dems have said they like to see gas prices go up; it's supposed to reduce pollutants. With this bill, everything will go up. Cap and Trade makes a definite limit on how much green house gas a company can emit. The government will have ration cards for this, which can be traded. If I were a company, I think I would move offshore (American job loss) so I wouldn't have to pass this tax on to my consumers. I would need to think about keeping costs down. If a company stayed, this bill will cost a lot of money to comply with, which ultimately the customer pays.

The Heritage Foundation did a cost analysis, which is pretty close to what the Congressional Budget Office (CBO) came up with. By the way, this bill provides huge subsidies to 'green' methods of energy production. Do you think that if wind and solar were efficient and money making, that investors would be investing? Note here that environmentalists block not only the building of nuclear plants, but even windmills. Why is that?

Our Dear Leader has admitted "Electricity Rates Would Necessarily Skyrocket" Under His Cap-and-Trade Program (January 2008)

Here's the projected costs to force consumers to reduce energy usage, according to Heritage economists: (this is projected out to 2035)

"The typical family of four will see its direct energy costs rise by $1,241 per year.
Pain at the electric meter will cause consumers to reduce electricity consumption by 36 percent. Even with this cutback, the electric bill for a family of four will be $468 more that year and $9,410 more in total from 2012 to 2035.

The higher gasoline prices will have forced households to cut consumption by 15 percent, but a family of four will still pay $565 more that year and $7,254 more between 2012 and 2035.

In total, for the years 2012-2035, a family of four will see its direct energy costs rise by $19,897. These inflation-adjusted numbers do not include the indirect energy costs consumers will pay as producers are forced to raise the price of their products to reflect the higher costs of production. Nor does the $19,897 include the higher expenditure for such things as more energy-efficient cars and appliances or the disability of driving smaller, less safe vehicles or the discomfort of using less heating and cooling.

As the economy adjusts to shrinking GDP and rising energy prices, employment will take a big hit. On average, employment is lower by 1,145,000 jobs. In some years cap and trade reduces employment by nearly 2.5 million jobs.

The negative economic impacts accumulate, and the national debt is no exception: By 2035 Waxman-Markey will have driven the national debt 26 percent above what it would be without the legislation and that represents an additional $28,728 per person, or $114,915 for a family of four. To reiterate, these burdens come after adjusting for inflation and are in addition to the $450,000 per family of federal debt that will accrue over this period even without cap and trade."

Here's an immediate indicator, just in case you're not buying into this projection.
In every state the utility companies ask for a rate hike, it's because income is down. The reason for the reduced income is because people are reducing their usage. Here's your punishment, Citizen. Be responsible, reduce your use, and you'll pay more. It'll only be different under cap and trade, because you'll pay even more. Then some more.

This is being done in the name of climate change, formerly known as global warming, which had to be changed because the globe isn't warming, and the projected impact of these draconian impoverishing measures are that by 2050 the temp of the planet may possibly be reduced by a few hundredths of a degree fahrenheit.