June 27, 200917 yr http://www.marketwatch.com/story/house-energy-bill-heads-to-final-vote Were in trouble now.
June 29, 200917 yr Author Because you don't understand the economics of it. One of the main problems for America is lack of production...a massive trade deficit that will only hurt us, this will make it much worse. Companies will be forced to move most or all of their production over seas...less taxes and wealth for Americans and less jobs.....all of this while were in one the countries worst economic times. Just like when Spain tried to create more "green jobs" for every one job they created they destroyed 2.... This was backed by Goldman Sachs one of the biggest groups behind the financial crisis were having...also backed by GE in an attempt to corner the market and drive smaller competitors out of business. This is the definition of Fascism...government and corporations in bed together to control business. http://www.bloomberg.com/apps/news?pid=20601109&sid=avLVPogS6lh0
June 29, 200917 yr Author Oh and this will cost the average Americans a lot of money...money when were hurting the most....middle class families are having a hard enough time now...wait till you have pay for this. We'll pay for it with money, then loss of wealth, then loss of jobs and finally loss of investors. The "Cap-and-Trade" bill, HR 2454, recently passed in the United States House of Representatives and currently pending in the United States Senate, is really nothing more than a thinly disguised energy tax that will hit every single American. And the "Waxman-Markey" proposal would unfairly target states, like Ohio, that rely on coal for electricity. Many utility companies would likely switch to other fuel sources. For Ohio this could mean a loss of 86 thousand jobs just a few years from now. If those jobs were lost today it would increase Ohio's unemployment rate from 9.7 percent to 11.1 percent. Energy companies just pass the costs of these draconian regulations through to the consumer in the form of huge price increases. Your constituents will ultimately have to pay more for electricity. An average family could pay an additional $1,500 a year for energy. That's 4.8 percent of Ohio's per capita disposable income.
June 29, 200917 yr Nick, you're absolutely right, as usual. This bill will go down in history as what began America's steady decline into mediocrity. And the thing that annoys me is when people talk about how this will affect the "average" American. That's nonsense. The pain of this tax won't be applied evenly throughout the population - it will be focused on the lower class (higher gas prices) and those areas with manufacturing economies. Retail in these areas will stagnate as jobs are lost. But as I said, I hope it passes. I hope Obama signs it into law. Let the games begin, and maybe America will have it's Iran/Honduras moment. Or maybe we'll continue to sit on our asses and take it like the losers we are. Either way, the sooner the test comes, the better!
June 29, 200917 yr I need like a gong or something to play whenever people finish reading my posts. It would make them more ominous and authoritative.
June 30, 200917 yr Apparently many of the representatives who voted in favor of this bill - including the few Republicans that voted Yes - received contributions to their re-election campaigns from environmental groups, and I'm not talking about your basic conservation group. I'm talking about the wacky environmental groups that believe in sacrificing basic freedoms and earnings for these types of projects. This ridiculous and fraudulent bribery is the reason scumbag politicians stay in office.
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