The Reality of the American Clean Energy and Security Act
What Obama and the left would do to America by passing HR2454 is much more severe than they would care to admit (if they cared, that is).
I posted a video yesterday of Obama admitting his “cap and trade” plan would cause electric rates to skyrocket. The reason I posted it is to show everyone Obama is not only fully aware of what will happen to electric rates under his plan but he is fine with it.
Today I will reference the article Waxman-Markey: Man-Made Disaster from Investors Business Daily. This article does an excellent job laying out just how ridiculous and damaging this bill will be.
Here are a couple of excerpts from the article:
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Its centerpiece is a “cap and trade” provision that has been rightfully derided as “cap and tax.” It is in fact a tax on energy everywhere it is consumed on everything it is used to make or provide.
Consumers would pay through the nose as electricity rates would necessarily skyrocket, as President Obama once put it, by 90% adjusted for inflation. Inflation-adjusted gasoline prices would rise 74%, residential natural gas prices by 55% and the average family’s annual energy bill by $1,500.
Hit hardest by all this would be the “95% of working families” Obama keeps mentioning as being protected from increased taxation. They are protected, that is, unless they use energy. Then they’ll be hit by this draconian energy tax.
And what would we get for all this pain? According to an analysis by Chip Knappenberger, administrator of the World Climate Report, the reduction of U.S. CO2 emissions to 83% below 2005 levels by 2050 — the goal of the Waxman-Markey bill — would reduce global temperature in 2050 by a mere 0.05 degree Celsius.
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All in government are fully aware of the financial ramifications this bill will have on America and the virtual zero effect this bill will have on the world’s temperature. Obama and the left know how much more per month the average American will be charged for electricity and gas if this bill goes their way. And you know what they are saying to us, the American people, when it comes to these increased costs for zero gain? THEY DO NOT CARE!!!!! Obama and company know how much this bill will take out of our pockets and could care less. The only things Obama and the supporters of this bill care about are getting their bill through. That’s it and that’s all.
This bill will not benefit America or us, the people. But Obama and company do not care.
