Sarah Palin Comes Out Swinging On Cap & Trade
If there is one person who knows energy in this country it is Sarah Palin. She has taken the gloves off and has come out swinging against cap and trade in her latest Op-ed in the Washington Compost. I love her subtle digs at Washington, DC, Obama, and this piece of legislation. She starts out calling it cap and trade but quickly moves into our beloved term; cap and tax.
Let the games begin!
I am deeply concerned about President Obama’s cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.
American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president’s cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.
There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn’t lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America’s economy.
Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.
In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.
The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.
Absolutely BRILLIANT! – read the entire piece here.
The GOP Cap-And-Tr8tors
The country was sold into government slavery and economic chaos by the traitorous GOP 8, who voted for the Cap and Tax bill today. The House spent over 5 hours debating this piece of legislation and there were high hopes that the Democrats didn’t have enough votes to pass it. It turns out that the GOP had some Benedict Arnold’s in their midst.
I have two new posters for these RINOs:
(created by Leo Alberti via Michelle Malkin)
(H/T FReeper Tophat9000)
If these 8 traitors had voted against the bill the final vote would have been 211 ayes vs. 220 nays, rather than 219 ayes vs. 212 nays. Jeff Flake was MIA for his daughter’s beauty pageant and Rep. Sullivan was in rehab.
There were also 44 Democrats who voted against this nightmare:
PA-4 Altmire, Jason
NY-24 Arcuri, Michael
GA-12 Barrow, John
AR-1 Berry, Robert
OK-2 Boren, Dan
AL-2 Bright, Bobby
PA-10 Carney, Christopher
MS-1 Childers, Travis
CA-20 Costa, Jim
IL-12 Costello, Jerry
PA-3 Dahlkemper, Kathleen
AL-7 Davis, Artur
TN-4 Davis, Lincoln
OR-4 DeFazio, Peter
IN-2 Donnelly, Joe
TX-17 Edwards, Thomas
IN-8 Ellsworth, Brad
IL-14 Foster, Bill
AL-5 Griffith, Parker
SD-0 Herseth Sandlin, Stephanie
PA-17 Holden, Tim
AZ-1 Kirkpatrick, Ann
NC-8 Kissell, Larry
OH-10 Kucinich, Dennis
GA-8 Marshall, James
NY-29 Massa, Eric
UT-2 Matheson, Jim
NC-7 McIntyre, Mike
LA-3 Melancon, Charles
ID-1 Minnick, Walter
AZ-5 Mitchell, Harry
WV-1 Mollohan, Alan
VA-2 Nye, Glenn
TX-27 Ortiz, Solomon
ND-0 Pomeroy, Earl
WV-3 Rahall, Nick
TX-23 Rodriguez, Ciro
AR-4 Ross, Mike
CO-3 Salazar, John
CA-13 Stark, Fortney
TN-8 Tanner, John
MS-4 Taylor, Gene
IN-1 Visclosky, Peter
OH-6 Wilson, Charles
To see the entire Roll Call Vote visit here.
I want to know what each traitor was offered to sell us out and I’m very curious to figure out the money trail in New Jersey, which has a huge clean energy program as well as various renewable energy sources. Even Rohrabacher R-CA didn’t vote for the bill even though Clean Energy Fuels Corp. (the company that T. Boone Pickens and Pelosi are vested in) is headquartered in his district (46).
It would have been nice if the media actually did its job and discussed real news that has a massive effect on the lives of Americans, rather than Michael Jackson’s obvious drug use and death. Most Americans are opposed to this legislation, but many were unaware that Congress was voting on it today – Wouldn’t it be nice if we could one day have an objective media that would actually give both sides to every story and read things like the suppressed EPA report on GloBull Warming? It’s late, so I can dream about it…
Will Nancy Pelosi Make Money Off of Cow Farts Too?
Nancy Pelosi is set to make millions of dollars if cap and tax is passed on Friday. She currently has an estimated $15K-50K worth of shares invested in Clean Energy Fuels Corporation (CLNE). This company is of course heavily vested in alternative energy sources and given the fact that any legislation that passes effecting the energy sector will undoubtedly up the price of any public company currently trading in that sector on the stock market.
T. Boone Pickens is also a big investor of CLNE and he has been lobbying for clean energy for a number of years. He is set to make millions, if not billions from cap and tax. T. Boone was not very happy when he found out about Alaska Governor, Sarah Palin’s deal with Exxon Mobile, Trans-Canada and AGIA. Natural gas and oil supplies, if we were able to manufacture them in our own backyard would put big “Green” moguls out of business. Natural gas is also a compound that CLNE is vested in and given the fact that supply would be limited and demand high, prices would sky-rocket - now, if Palin’s gas-line comes to fruition, volume and supply of natural gas will increase for everyone and therefore the price will go down…
Shares of CLNE have gone up and down in value in recent years, thanks to the fluctuations in the price of natural gas and changes in the oil industry worldwide. And a Pelosi spokesman told The Washington Examiner last year that her husband takes care of their stock portfolio, so she has no knowledge of how any of her family investments will be affected by any particular piece of legislation before Congress.
Another prominent public figure with an interest in OWM is CLNE’s major domo, T. Boone Pickens, best known of late as a wind-energy investor and the man behind the largest-ever single donation to a state university, $165 million to Oklahoma State University for its athletic programs three years ago. CLNE is a cog in Pickens massive plan to create a giant wind farm in West Texas to generate electricity.
Pelosi will profit because OWM will boost the price of natural gas on the market. This is because natural gas burns with significantly less carbon emissions than other fossil fuels. For companies trying to get under OWM limits for greenhouse gases emissions, burning more natural gas instead of, say coal, will be a no-brainer. That will drive up demand for natural gas, which in turn will create upward price pressures.
So my next question for Pelosi, Gore, Pickens, GE, and all other entities that have banked on “Green” legislation; will money be made off of taxing cow farts?
Yes, folks, there was an idea floating around out there to tax methane and cow farts. All living beings happen to pass gas, so I would assume that they would first come for the cows, and then for us… There are those that are getting into the business of breeding cows that pass less flatulence, believe it or not. Would green cows make green burgers and would green burgers make my flatulence green? Yeah, didn’t think so…
The government is becoming Godzilla, toppling tall buildings and destroying everything it touches. I guess you could consider the government much like the opposite of Midas… everything it touches turns to…
Reagan was right when you said: ”If it moves tax it, if it keeps moving, regulate it. And if it stops moving subsidize it.”
ACTION! Cap & Tax… America’s Worst Nightmare
Late last Tuesday night the House Democrats made a deal on cap and tax (cap and trade) so the more conservative Democrats felt better about the bill and would ensure their vote for the legislation. The deal involved many of the Democrats from the mid-west and farm country where agriculture was a major concern for these representatives.
The House is prepared to vote on the bill to push it through the Senate by this Friday. Nancy Pelosi believes that given 2 days’ time she will have enough votes for a majority.
This bill is incredibly harmful, hurtful, expensive, and it quite frankly is one of the nastiest pieces of legislation I have seen in a long time. Liberals continuously use the straw-man argument that Republicans try to fear monger others into voting a certain way or believing certain things… I could say the exact same thing for GloBull warming, which is the biggest hoax of this century. In fact, when people finally wake up and figure out that the politicians are all in bed with “Green” companies, holding significant amounts of equity, and wanting legislation like this passed, not because it’s based on a true premise, but because it will line their pockets – then maybe common sense can reign supreme.
This cap and tax bill will have very little effect on the poorest – because they don’t pay taxes to begin with. They are leeches on productive society. The top quintile of the country, or the richest, will be burdened with this particular tax, but not as much as their federal income taxes. No, cap and tax will fall squarely on the middle class. Whether you are lower-middle class, middle, or upper, you will feel this significantly.
If you look at only the bottom quintile, C&T is more progressive than anything else in the federal tax system. But it’s downhill from there: The share of cap and trade paid by the middle quintile is three times the federal tax system’s average, and the share paid by the richest quintile is half that of the average.
I don’t really have a strong normative point to make here. Progressivity is in the eye of the beholder and all that. Nonetheless, I hope this puts some of the debate over the burdens of cap and trade in context.
If you are the least bit curious you can actually calculate the cap and tax burden on your household/family.
I have written several times regarding Cap and Tax – whether it was posting a video clip of Democrat Rep. Dick Durbin stating that all this legislation is one big tax, or Henry Waxman’s incompetency. I have written about our economy and how this will completely destroy sectors, increase the cost of living, increase our gas and energy prices, decrease our standard of living, and repress those who work hard to make a living.
Most of America disagrees with Cap and Trade, and congress was trying to come up with ways in wich they could cover up the bill and pass it off as some other cleverly deceptive rubbish:
The latest IBD/TIPP poll shows that cap and trade is a no go in the public eye. More people are beginning to understand what it actually entails/means. Indiana has also found a way around cap and trade this past week.
However, the Obama administration seems as though it may want to advance this agenda, but just under a different name.
How does the “The Clean Energy Divide” sound to you?
The Obama administration is exploring alternative names for cap and trade legislation.
People don’t really know what cap and trade means, but they don’t like it. So a new name is being concocted to gather support for the legislation.
It doesn’t look like the names “carbon tax” or “regressive tax” are in the mix, though. How does “clean energy divide” grab you?
WSJ: Seeking to bolster public support for climate legislation, the Obama administration is consulting pollsters who advocate avoiding phrases such as “cap-and-trade” and “global warming.” On Monday, the White House Council on Environmental Quality was scheduled to meet with Robert Perkowitz, president of ecoAmerica, a Washington-based nonprofit that uses “psychographic research” to “shift personal and civic choices of environmentally agnostic Americans,” according to its Web site.
“We’re trying to give them phrases that work,” Mr. Perkowitz said in an interview. He said that in a survey of some 2,000 Americans conducted by his group in March and April, less than half of the respondents said they would support a “cap-and-trade” policy, and that only 24% said they knew what the phrase means. “If you call it ‘clean energy dividend’…almost anything other than ‘cap and trade,’ you’ll get people responding a lot more favorably,” he said.
Isn’t that nice? let’s trick the American people so we can still strap the poor and the middle class with tax hikes to obtain our faulty liberal green agenda so Al Gore can receive a bunch of profits as well as GE, Google and Microsoft…
Not only will we have to ration Obamacare we will be back to rationing gas and unemployment will not only reach 10%, as Obama predicts, but higher – you cannot destroy the mining/coal industry and expect your unemployment rate to stay the same. Coal is one of the most abundant natural resources that America has… it is one thing that keeps us competitive abroad – and with this legislation you can kiss that goodbye. Is it really so “tin-foil” hat to think that the Democrats are in bed with foreign countries, selling out America for a little extra cash? (I’m sure we will also figure out who some of the Republican Reps./Senators are after the vote as well).
There still exist some principled Congress-critters and politicians, but they are few and far between. Michele Bachmann has been on the forefront of this debate, Jim DeMint is pretty outspoken when it comes to fiscal irresponsibility and unconstitutional legislation… but, other than that, it’s hard to make a case for most who waffle on their principles – so much so they may as well say “Leggo” my values.
The only way we can at least attempt to curtail the passage of this bill Friday is through melting the phones. Many of our represenatives won’t listen to our pleas or our common sense logic – believe me, my Senator and Represenative are Progressives! (Sarbanes & Cardin), but it’s still imperatiave that we at least try.
Find your Reps. here.
