Theodore's World: Radical Cap and Trade Bill Largest Tax Increase in History

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May 23, 2009

Radical Cap and Trade Bill Largest Tax Increase in History

Rep. Scalise: Enron Devised Cap-And-Trade Schemes


The Costs of Cap-and-Trade on Cavuto Rep. Bachmann appears on Fox Business with Neil Cavuto to talk about the huge economic impact this cap-and-tax policy will have on every single American.

Cap and trade bill includes unemployment benefits - Largest tax increase in history


by Dianna Cotter

Hold onto your hats folks, here it comes…

In a revealing editorial today, the Washington Examiner (not related to revealed a huge unemployment package buried in the Waxman-Markley Cap and trade energy bill.

At first glance this just seems like more of the usual Washington shuck-n-jive. However, when one considers the implications of this, it becomes apparent that the writers of the cap and trade bill are very clearly aware that this bill will cost thousands of jobs. So much so that unemployment benefits for those losing their jobs because of it will go for THREE YEARS, 156 weeks. Obviously they are not expecting these hapless folks to find new work easily! The Washington examiner reports that these victims of Washington DC legislation and Congress will get 80% of their insurance premiums paid, a 1500$ relocation allowance, and job search expenses of up to 1500$.

If this is an energy bill… which by the way, is being sold as legislation that will create higher paying “Green” jobs, in higher numbers than those lost, then what are unemployment benefits for up to three years doing in it?

Note to all of those who are supporting this bill, both Nationally and locally here in Oregon, be prepared for your energy costs to go up by a minimum of 50%, and by some estimates up to 90%. Let’s put some numbers with that. Say your average electric bill for a year is 100$ a month. That’s 1200$ a year. Your bill will go up to 150$ a month, for a total of 1800$ a year with just a 50% increase. With a 90% increase that number will be 2280$, or 190$ a month. But that’s not all; the cost of your Natural gas will go up similarly. So will the grocery store’s electric bill, 50% higher refrigeration costs = 50% higher cost passed on to you the consumer. Your Hairdresser’s electricity cost will go up, and so will the cost of your shampoo blow-dry, and Color. Every single industry that uses power of any sort will go up, and your cost of living will rise exponentially.

All this for less that 2 tenths of a degree cooling over the next century, which will absolutely crack up the Chinese and Indians who are praying (if the communist government of China would admit to praying) that this legislation passes! Why?

Because it will absolutely kill the productive engine that is the lifeblood of the United States of America, the economic engine of the world! Of course they want it to pass, it will make them the world’s only superpower. Throw in the fact they own a huge swath of our national debt, and you should now be seeing a very dark black cloud rising over our future.

It should be stressed here, that even a COMMUNIST Government will not institute legislation that will destroy its economy to the extent that this bill will.

This is no doom and gloom prediction, clearly the writers of the bill know it too, or there would not be three years worth of unemployment benefits in it. The section we are speaking of it on page 781 of the 946 page bill. “Title IV, Subtitle B, Part2, Section 426 of the American Clean Energy and Security Act of 2009” Ah such innocuous and lovely sounding poison they come up with now a days!

Would you like that with a side of Arsenic? Hemlock perhaps?

Exactly where is all of the money going to come from to pay for all those unemployment benefits? The Rich? They will leave the country and take their money with them, just as they did in Cuba so long ago. Big Business? Oh no, they will leave too if they can, or they will fold and be Nationalized as well as GM and 2/3rds of the Auto industry. The Small business owner? They will go out of business. The only ones left will be the little guys, and that means all the rest of us. Can you smell the tax hike coming? There is no fiscal way this can be done without raising taxes to pay for the huge numbers of unemployed that are expected to need this craftily buried unemployment package. Assuming you aren’t on it that is. But don’t expect that to protect you, you still have to pay taxes on your unemployment benefits. A delicious irony no?

Forget Electric cars the only truly green alternative, they will be too darned expensive to charge. The irony of this is just too precious not to comment on…. The only possible alternative to liquid fueled cars will be legislated right out of existence before they can even get produced! Paradox of all green paradoxes! I think the space time continuum just wrinkled a bit… the only truly green car… the contradiction is just too perfect.

Has Washington lost its collective mind? Who is running this place and why are they trying to kill us and our livelihoods? Why are they deliberately trying to take food out of the mouths of our kids? That’s what they are doing. For 2 tenths of a degree? Certainly as China and India make up for our non-productivity, and with the knowlage that they indeed will not institute legislation as stupid and financially unsound as this, it is pointless. They have publically stated they will not do such damage to their economies. Knowing this... that 2 tenths of 1 degree seems likely to get swallowed up by an increase in Chinese and Indian productivity. Can you think of anything more pointless than this? Spitting into the wind perhaps?

Folks the insanity being considered in Washington DC may well make it impossible to live in the United States and live a successful prosperous life. Mexicans won’t be coming here anymore; it will be Americans going to Mexico looking for jobs.

That’s no joke.

The Washington Examiner quotes Ben Lieberman of the Heritage Foundation: “The fact that generous unemployment benefits are buried in the bill means that “green jobs are bunk,”” The Foundation found that “Waxman-Markey is the largest, most intrusive energy tax increase in American history. It would reduce the nation’s GDP by 7.4 Trillion, raise electricity rates 90 percent and gasoline prices 74%.”

So, how do you like that “Hope and Change” now? This what you were expecting and voted for? We were warned by Obama himself, he said he was going to do it in the campaign, kill coal… this is your government at work.
Unless you stop it by contacting your congressperson now.

Otherwise get ready for the worst; you might want to buy a lot of extra blankets while the prices are still low.

For more info: Washington Examiner


Wild Thing's comment............

Fantastic article. The best one I have seen on the cap and trade legislation now wending its way thru Congress.

Pray for America.

At the current rate we will spend 26 Trillion in the first year of the Obama regime. Yep killing the economy is the agenda and they are doing a fine job of it.

“If you will not fight for right when you can easily win without blood shed; if you will not fight when your victory is sure and not too costly; you may come to the moment when you will have to fight with all the odds against you and only a precarious chance of survival. There may even be a worse case. You may have to fight when there is no hope of victory, because it is better to perish than to live as slaves.” —Winston Churchill

Posted by Wild Thing at May 23, 2009 07:48 AM


That $1500 dollar increase in Electric rates is the low end the high end is now predicted at over $3000 dollars per year. On the average, Electric will go up $125 dollars per month.

Now that said, think about this, everybody's Electric will go up. That means, the Water company's, the Gas company's Electric rates will go up, too, an increase in their overhead, the consumer will have to pay that increase also. So not only will the Electric rates go up to astronomical highs so will everything else. They are also talking about $5 dollars a gallon for gasoline. Just so we don't use so much gasoline, create so much CO2. If this is what obama calls looking out for America. Then he can take his junk science and stick it up his ass.

The leftists of the left have come up with this, Waxman and Markey and on top of that Al Gore supports this bogus piece of legislation.

If this isn't bad enough, the United States is about to lose its Triple A credit rating. If that happens the debt could rise to two or three times what it is. Because the rate of interest we are paying on the debt now is dependant on our Triple A credit rating. Now if we lose this rating that interest will go up on the debt hence we will be paying more money back on the same debt. And the more we drop below the Triple A mark, the higher the interest rate we will have to pay.

The 1930's will look like Boone years compared to whats ahead.

Posted by: Mark at May 23, 2009 11:10 AM

Mark, thank you so much for the
breakdown you did. This scares the heck
out of me. There is no way we can cut
back on anything that we haven't already
done. And the thing is it won't matter,
the cost will still sky rocket.

Posted by: Wild Thing at May 23, 2009 08:29 PM

If you think this is something, wait and see what happens when anyone in America opposes our government. March 2009 there was a gun bill introduced from articles I have been reading. There is talk of Rex 84 camps being set up. The above article and the one I mentioned are enough to boil the blood of any true American. I will see about links to resource here later on today.

Posted by: HippyJane at May 28, 2009 07:37 AM