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It seems that there are some interesting things in that bill that the committee chairman who is sponsoring it, Henry Waxman, admits to not know about about. When asked about the numbers of jobs that would be lost from passage of the bill he had no idea. It seems that he has no idea how much money the people who lose their jobs from that passage will be. Since, according to what happened in Spain because of a law very much like this one many more than the 5 million jobs Obama promised for goine green it will take a lot.
Waxman says that he doesn't know anything about much of the bill since he relied on UN "scientists" to take care of all the technological things. He also has no idea about the Spanish experience and has no idea how much money will be needed to pay those who lose their jobs from this bill being used. Boy o Boy is that Henry Waxman really not very smart.
Since, according to what happened in Spain because of a law very much like this one many more than the 5 million jobs Obama promised for goine green it will take a lot.
That's from a estimate done by a Spanish University, the estimate is for every 1 green job created there was 2.2 jobs lost.
Consequently, through the use of both methods we have reached a similar conclusion: for every green job, we can be highly confident that 2.2 jobs are destroyed elsewhere in the economy, to which we have to add those jobs that the non-subsidized investment would have created.
WASHINGTON -- A top White House economic adviser told Senate staff a proposed cap and trade system could raise "two-to-three times" the administration's existing $646 billion revenue estimate, according to five people at the meeting.
This could mean the cap and trade system could actually generate between roughly $1.3 trillion and $1.9 trillion between fiscal years 2012 and 2019.
Jason Furman, deputy director of the National Economic Council, offered the estimate at a Feb. 26 meeting on Capitol Hill with a bipartisan group of staffers, most of whom are attached to the Senate Finance Committee, according to five Senate aides who attended the meeting. They spoke on condition they wouldn't be identified by name.
At the $1.3 trillion figure that's $600 a year for every man woman and child in the U.S. The burden of this will fall squarely on the shoulders of the U.S. as this expense will be distributed through everything from the energy you purchase to the good you purchase. The wealthy who bare the burden for most taxes paid in this county will not be affected much because they make up a relatively small part of the population. The poor will not be paying much of it and has been suggested by the Obama admisinstation will need to be subsidized...
Last edited by thecoalman; 05-31-2009 at 06:18 PM..
At the $1.3 trillion figure that's $600 a year for every man woman and child in the U.S. The burden of this will fall squarely on the shoulders of the U.S. as this expense will be distributed through everything from the energy you purchase to the good you purchase. The wealthy who bare the burden for most taxes paid in this county will not be affected much because they make up a relatively small part of the population. The poor will not be paying much of it and has been suggested by the Obama admisinstation will need to be subsidized...
Don't forget the effect this will have on our export business. Every product or service we offer will cost more and our market shares will shrink as a result.
At the $1.3 trillion figure that's $600 a year for every man woman and child in the U.S. The burden of this will fall squarely on the shoulders of the U.S. as this expense will be distributed through everything from the energy you purchase to the good you purchase. The wealthy who bare the burden for most taxes paid in this county will not be affected much because they make up a relatively small part of the population. The poor will not be paying much of it and has been suggested by the Obama admisinstation will need to be subsidized...
Every penny that power generators have to pay in that fool cap and trade will end up being paid by the consumers of this nation. Most of that cap and trade will be paid by electric generators who use coal and that means we pay much more for electricity than we do now. Also, all businesses will add what they have to pay in raised electricity prices on to the prices they charge us for their goods.
I say this because the administration and Algore keep talking about punishing those generating people but they never mention that we, the people, will end up paying. I have heard it said that if cap and trade should happen the average household could expect to pay up to $3,000 per year in increased costs for electricity. Yep, Obama is right that many of the poorer people would have to be subsidized to pay their bills and I hate that.
Cap and trade is no longer used by the administration just like they stopped talking about global warming because we are cooling. Now they call it climate change and try to tax the same as they wanted to for global warming.
I wonder if we can survive a full four years of this crap. I just keep hoping that they talk a lot and act not.
Most of that cap and trade will be paid by electric generators who use coal and that means we pay much more for electricity than we do now. Also, all businesses will add what they have to pay in raised electricity prices on to the prices they charge us for their goods..
It goes beyond power generation, for example the cement industry uses an enormous amount of coal. Cement of course is the most basic building block of our society; foundations, sidewalks, roads, bridges, buildings,........
It seems that there are some interesting things in that bill that the committee chairman who is sponsoring it, Henry Waxman, admits to not know about about. When asked about the numbers of jobs that would be lost from passage of the bill he had no idea. It seems that he has no idea how much money the people who lose their jobs from that passage will be. Since, according to what happened in Spain because of a law very much like this one many more than the 5 million jobs Obama promised for goine green it will take a lot.
Waxman says that he doesn't know anything about much of the bill since he relied on UN "scientists" to take care of all the technological things. He also has no idea about the Spanish experience and has no idea how much money will be needed to pay those who lose their jobs from this bill being used. Boy o Boy is that Henry Waxman really not very smart.
The Global warming scam has never been about the environment. It's been a move by the a anti-capitalists, not environmentalists.
This is another thread that our board leftists will keep away from.
Last edited by coastalrap; 06-01-2009 at 07:01 AM..
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