Wednesday, August 12, 2009

Cap and Trade (Cap and Tax)

Obama campaigned on the platform of “Hope and Change,” throughout his race for the presidency. I stated if he gets elected all we will have left is change. At the rate Obama and the Democrats are going we will not even have the change left.

The House of Representatives just passed the Cap and Trade (i.e. Cap and Tax) bill because of the Hoax of global warming. This law will cause our energy prices to rise and make it more difficult for you to sell your home among other things. Obama stated under cap and trade he will bankrupt the coal industry and energy costs will necessarily skyrocket. Under a cap and trade system, government sets a cap on the total amount of carbon that can be emitted nationally; companies (like Goldman Sachs) then buy or sell permits to emit CO2. The cap then gets cranked down over time to reduce total carbon emissions, increasing costs. Remember ENRON? That was a company that traded in CO2 offsets.

This was another bill that was voted on by our Congressman without being read. Is it too much to ask our politicians to at least read the bills before they vote on them? What happened to Obama’s promise of “transparency,” and the bills being on the government’s website for five days for the citizens to review?

Immigration reform (amnesty) and healthcare (Nationalized Medicine) are also on the table. Obama and the Democrats are on the fast track towards Socialism, and that is why they are trying to rush these bills through before the public realizes the harm it will cause this country. What they are doing is not in the best interest of this country, it is about “control.” If they pass these things we will have to endure the results until the 2010 and 2012 elections, when we can get a chance to fire them, and roll these laws back.

Greg Zotta

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