Cap and Tax

Greetings governess proviso supporters,

What a historic day for our country. The House has passed a WONDERFUL bill, that will cost Americans "the price of a stamp each day". HERE is a Wall Street Journal on the Waxman-Markey bill. HERE MEDIAtheTruthMATTERSnot explains:

Entirely absent from these critiques is the result of a recent Congressional Budget Office analysis that found that the bill's net impact to households would eventually range between a benefit of $40 per year and a cost of $340 per year, with an average cost of $175 per year.

What MEDIAtheTruthMATTERSnot doesn't tell you, is that "The CBO's analysis looks solely at the year 2020, before most of the tough restrictions kick in. As the cap is tightened and companies are stripped of initial opportunities to "offset" their emissions, the price of permits will skyrocket beyond the CBO estimate of $28 per ton of carbon. The corporate costs of buying these expensive permits will be passed to consumers".

Just read the Heritage Foundation's research of this asinine bill. The manner in which this bill was forged is disconcerting. A massive bill of this nature was handed to House members only a day before the vote. To make matters worse they added an additional 300 pages at 3 a.m. This bill is nothing more than an attempt to line the pockets of these crooked politicians with the money of "Green" companies that they themselves have invested in. On an unrelated matter: MEDIAtheTruthMATTERSnot reports:

"As usual, the content of the program proved that charges of pro-Obama favoritism just wouldn't fly. Hosting, ABC's Charles Gibson claimed that "a lot of people are very uncomfortable" with the "idea" of "government insurance," even though a recent New York Times poll pegged support for such a plan at a whopping 72 percent".

What they FAIL to state is that the Poll to a majority of Obama voters. Does ANYONE actually believe that 72% of Americans think this is a good idea? Please.


-Prof. Bagley