Tuesday, June 30, 2009

Cap and Trade or "Crap and Shame"

Cap and Trade legislation, is a bill over 1000 pages long, written in the House of Representatives and few, if any members, read it. An amazing 300 page addendum is added at 3 in the morning and it was passed yesterday by a very slim margin.
How can this be you say? Why would anyone vote for a bill without reading its contents? This is not Cap and Trade, its really "Crap and Shame"

What we have here is a political machine [the Pelosi train] totally out of control. Two of the most liberal members of congress, Waxman of California and Markey of Massachusetts are the sponsors so folks, hold on to your wallets. This is the largest TAX increase in the history of the country as the cost of gasoline, heating oil and gas and electricity will undoubtedly rise.
In an insane effort to "stop global warming" and "reduce our dependence on foreign oil", we have been blessed with the latest government intrusion into the private marketplace.
In short, the aim of the legislation is to charge industries that emit excess CO2 into the air and reward those who reduce emissions.
The fundamental problem is that the science of man made global warming has not been proven and even if it were, China and India will go their own way and continue to build coal fire plants at the rate of 1 every 2 weeks. Therefore, the earth will still get hotter [NOT] and we will have abdicated our manufacturing base to them with the loss of millions of jobs.
In addition, "green power" will never replace the need for oil and gas. Therefore, slowing down our own production and exploration of fossil fuels will only necessitate our need for additional foreign sources of energy to make up the shortfall.

When are we going to stand up and yell... " Obama and Pelosi, get out of my life"?

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