Wednesday, June 24, 2009

The Cap and Trade Sleight of Hand

If it's Wednesday, then the issue is Health Care. Right?
And it is. ABC is doing an infomercial for Barack Obama and the Dems health care initiative.

And this is a major problem. Last night the Engineering Geek and I were at the Independence Grill making signs with New Mexicans for Liberty for the protest that will take place outside of our local ABC TV affiliate--KOAT. This will take place on the corner of Commanche and Carlisle in Albuquerque for you locals. They will gather (I have to work, but the EG will be there) at 6 PM and you can stay as long as you want.

I must say that the Engineering Geek gets pretty creative with his signs. I made one that said:
"If you liked Pravda, you'll love ABC!" The EG looked at it and got out a red sharpie and made the letter 'C' in ABC into a hammer and cycle, Soviet style. (Yes, I know, anyone born after about 1985 is unlikely to even remember the Soviet Union).
His own sign says: ABC: In bed with the Feds!

But I digress. The socialized medicine initiative is big, it is important, and it is NOT being voted on this week. What is?

Cap and Trade.

David Copperfield, move over! Obama is a master of misdirection. While he is getting the patriot organizations all geared up about healthcare, he and the Dems are hoping to get Cap and Trade passed in the House on Friday with minimal fuss. Thus the summer, Friday schedule.

Cap and Trade is a way to commit fiscal suicide, causing great increases in energy prices that will hurt everyone throughout the economy, but will have minimal effect on global temperature. (I have posted my thoughts on the issue of Global Climate change here and here. I do not agree with Al Gore on this issue. The science is not at all settled, nor does it dictate specific political action). The Heritage Foundation analysts say this about Cap and Trade:

" Though the proposed legislation would have little impact on world temperatures, it is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.
Ultimately, this bill would result in government-set caps on energy use that damage the economy and hobble growth--the very growth that supports investment and innovation. Analysis of the economic impact of Waxman-Markey projects that by 2035 the bill would:

--Reduce aggregate gross domestic product (GDP) by $9.4 trillion;
--Destroy 1,145,000 jobs on average, with peak years seeing unemployment rise by over 2,479,000 jobs;
--Raise electricity rates 90 percent after adjusting for inflation;
--Raise inflation-adjusted gasoline prices by 58 percent;
--Raise residential natural gas prices by 55 percent;
--Raise an average family's annual energy bill by $1,241; and
--Result in an increase of $28,728 in additional federal debt per person, again after adjusting for inflation."

For more information, follow the link above. The real purpose of this bill is to provide the federal government with more revenue, although this is short-sighted. With whole industries destroyed and double-digit unemployment, who will have the money to pay more taxes?
Congress--to put it bluntly--doesn't understand that money represents productivity and wealth. They think it's magic.

In any case, the sponsors are very unlikely to bring the bill to the floor for a vote if they think there is substantial opposition. Thus, few are talking about it.

Call your nonrepresenting representatives. Make sure they know that there is opposition out there. Let them know that you are watching both hands.
Pay great attention to the man behind the curtain.
Don't let them pass another unread bill in the middle of the night!

Hat Tap: The Gates of Vienna.

1 comment:


Satan was being expelled from Heaven. As he passed through the Gates, he paused a moment in thought, turned to G_d and said, I hear a new creature called Man is soon to be created. This is true, G_d replied. He will need laws, said the Demon slyly, prompting G_d to indignantly exclaim, What! You, his appointed Enemy for all Time! You ask for the right to make his laws? Oh, no! Satan replied, I ask only that he be allowed to make his own. It was so granted. - Ambrose Bierce