ELECTRICITY COSTS WILL SKYROCKET UNDER OBAMA'S ANTI-COAL ENERGY POLICY
Obama's next outrageous power grab, with the help of Rep. Henry Waxman [D, CA-30] and Rep. Edward Markey [D, MA-7], will greatly expand government control and increase energy costs for every family. The minimum estimated costs to the American taxpayer will be $650 billion over the next eight years.
Barack Obama, in a January 17, 2008, interview with the San Francisco Chronicle (SF Gate), - - excerpt:
- "Let me sort of describe my overall policy. What I've said is that we would put a cap and trade system in place that is as aggressive, if not more aggressive, than anybody else's out there. I was the first to call for a 100% auction on the cap and trade system, which means that every unit of carbon or greenhouse gases was emitted would be charged to the polluter. That will create a market in which whatever technologies are out there that are being presented, whatever power plants that are being built, that they would have to meet the rigors of that market and the ratcheted down caps that are being placed, imposed every year. So if somebody wants to build a coal-powered plant, they can; it's just that it will bankrupt them because they're going to be charged a huge sum for all that greenhouse gas that's being emitted.
When I was asked earlier about the issue of coal, uh, you know, under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket."
This system of energy "allocations" has failed in Europe and will politicize America's energy policy, not to mention bankrupt the coal industry.
This unjust scheme of Obama's to collect more taxes, comes in the form of a congressional bill, H.R. 2454. If passed, this bill would impose a cap-and-trade system in which businesses would have to purchase allowances from the government based on the amount of carbon dioxide they emit. By invasively manipulating an already over-regulated energy industry, this legislation seeks to fix an alleged problem that has recently been discredited by 1000's of scientists including the founder of The Weather Channel, John Coleman, who said - - -
- "It is shocking, but true, to learn that the entire Global Warming frenzy is based on the environmentalist’s attack on fossil fuels, particularly gasoline. All this big time science, international meetings, thick research papers, dire threats for the future; all of it, comes down to their claim that the carbon dioxide in the exhaust from your car and in the smoke stacks from our power plants is destroying the climate of planet Earth. What an amazing fraud; what a scam."
Scam is right. Carbon Dioxide makes up less than 1% of our atmospheric gases and it has also been shown that CO2 is also needed for plant growth.
This new tax on energy promises to increase taxes for American families by $1,000's, as it would require businesses to use cleaner burning motor fuels, thereby raising their costs and increasing the price of goods and services to regular consumers. And according to the Heritage Foundation, between 1.2 and 2.3 million jobs could be lost over the next ten-years due to the bill’s stifling regulations.
Coal fuels half of U.S. electricity, and it’s the low-cost half. Americans strongly support the use of coal, but it appears Obama wants to "bankrupt the coal industry" with a burdensome tax code. So he essentially wants to shut down the coal business; and he's also very much in favor of skyrocketing electricity rates.
"A wise and frugal government, which shall leave men free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor and bread it has earned - this is the sum of good government."
- - Thomas Jefferson