Obamacare, from a lot of different sources, is going to be a tough vote regardless of how many TV shows President Obama appears on, nor how many arms he twists. While Senator Baucus marks up his proposal amid wheeling and dealing, one begins to wonder what kind of compromised hell is about to become unleashed upon the American public. We have been led to believe that there is a health care crisis, where in reality there is not, at least in the sense that people would be thrown out of hospitals into the streets to die.
While Obamacare has to pass both halves of Congress plus the President, there is something that only has to pass the Senate and be signed by the President to become the law of the land. It’s a landmine called “American Clean Energy and Security Act,” aka Waxman/Markey Bill, aka Cap & Trade.
While I’ve discussed this bill in an earlier post the stupidity of passing such a law, time has a way of making things a little more clearer. For instance:
The House passed HR2454 by a bare 7 votes. What became known after the fact is that many of the Representatives did not read the bill much less understand it before voting on it. This was understandably unbelievable, and started in motion the demands of the public for our elected Representatives to read what they are voting on. The backlash of voting on a 1,300+ page monstrosity without reading carried over into the health care bill.
And now a report has come to light that originated from the Treasury Department which states that the costs to the average American family is not the $175 per year, but over $1700. From IBD Editorials:
Throughout the debate, the bill’s defenders said Waxman-Markey would cost “less than the price of a postage stamp per day,” a small price to pay, they declared, for saving the Earth from global warming. Their evidence: a Congressional Budget Office report that estimated the cost would be $175 per household a year.
But, as is often the case in Washington, it’s what they didn’t say that was more important.
While the House debated and eventually voted, filed away within the walls of the Treasury Department was an internal estimate that projected a cap-and-trade law would cost Americans up to $200 billion a year in new taxes. These taxes won’t be levied directly but will be paid when power providers and other carbon dioxide producers buy CO2 emission allowances from the federal government and then pass the costs on to customers — as will inevitably happen.
Overall, the costs would be “the equivalent of hiking personal income taxes by about 15%,” Declan McCullagh reports on his “Taking Liberties” blog on CBSnews.com.
“At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year,” McCullagh wrote.
Not only would the average American household be affected, but every single business as well. This will be an economy killer for sure.
This is the monster lurking in the wings while our attention is diverted by the media, politicians, and President with the Healthcare fiasco. Remember – there is more than one campaign promise that Obama needs to make good on, and for absolutely no reason to inflict this legislation on the American people. From another IBD article:
In a speech last week at the U.N.’s World Climate Conference in Geneva, Professor Mojib Latif of Germany’s Leibniz Institute of Marine Sciences at Kiel University, one of the world’s foremost climate modelers and a lead author for the United Nations Intergovernmental Panel on Climate Change acknowledged that the Earth has been cooling and is likely to continue that trend for the next couple of decades. Al Gore, call your office.
Latif has been looking into the influence of cyclical changes to ocean currents and temperatures in the Atlantic, a feature known as the North American Oscillation. When he factored these natural fluctuations into his global climate model, Professor Latif found the results brought the allegedly endless rise in global temperatures to a screeching halt.
Latif conceded the planet has not warmed for nearly a decade and that we are likely entering “one or even two decades during which temperatures cool.” Latif still believes in a warming trend and thinks it will resume. But he at least acknowledges the empirical evidence of cooling, that there are factors at work here other than your SUV, and that doom will not occur the day after tomorrow.
So who says global warming will happen at all? Computer models are only as good as the data and the program, and modeling anything as complex as the climate of the Earth is nearly impossible. The number of variables is staggering, and who says that the program itself takes care of all the interactions of the climate And of course, the random events such as volcanoes, earthquakes, and sunspots cannot be predicted nor accounted for because of their unknown impact upon the environment (duration, amount of energy released, particles, radiation, etc.). Anyone who states that they can predict the climate of the Earth is a nut – the weather can’t be predicted two weeks in advance.
So what is the American Clean Energy and Security Act? Nothing more than a concealed tax on the American people and, dare I say it, a payoff to an unknown entity that would make millions on the passage of this bill.
So write your Senators and tell them “no.”