Monday, June 22, 2009

More ugly cap and trade numbers

In a fleeting moment of honesty then candidate Obama admitted to the folks at the San Fran. Chronicle that " under my plan of a cap and trade system, electricity rates would necessarily skyrocket". Luckily for Obama his buddies in the media kept this nugget under wraps until it was too late to make a difference in the election. The sad truth is he could have kept going and listed: food, gas, heating oil, fertilizer , in short anything that uses coal, oil or natural gas is going way up. For a family of four the costs of cap and trade from 2012-2035 is $71,493 and because it will shrink economic growth their share of the national debt will increase by $114,915 over the same time frame. The benefits: a decrease of 1/100 of a degree by 2050 and 2/10 of a degree at centuries end.

The good news is that Waxman-Markey isn't inevitable. The media are part of the green lobby and will never inform the public of the massive costs and paltry benefits of this scheme. Spread the word, it will save you a bundle and maybe even your job

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