Cap and Trade is Back!
Democrats plan to introduce Cap and Trade legislation in the Senate on Wednesday of this week. This is another piece of Democrat legislation that is overwhelmingly unpopular with the American people. Government entitlement spending, ObamaCare, Card Check, Amnesty, Cap and Trade… this administration simply refuses to take “no” for an answer.
According to Brian Sussman at the American Thinker…
This is a bill that will cause all of us to suffer great loss.
Presently, 40 percent of CO2 emissions in the United States are derived from electricity generation, 35 percent from transportation, and 25 percent from business, industry, and natural gas to heat homes.
So where will the 17% cut come from, especially given that (according to U.S. census projections) there will be an additional 30 million people in the United States by 2020? If the cuts are distributed proportionately, the biggest blow will be to electricity production. Since 50 percent of our nation’s electricity is derived from coal, that industry and its customers will be hit hardest. Coal plants are going to have to be shuttered. And what will replace that energy resource? Nothing.
Remember, Obama’s own EPA administrator (Lisa Jackson) said that Cap and Trade would do nothing to reduce levels of CO2 in the atmosphere. And President Obama stated that under his plan of a Cap and Trade system, electricity rates would necessarily skyrocket. Economic pain for no gain, makes no sense.
I wonder how far and hard the Democrats in the Senate are willing to push this legislation during an election year?
Posted: May 10th, 2010 under 2010 elections, Climate Change, Economics, Newsworthy, Obama's Agenda, Video.
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[...] Cap and Trade may be brought up for consideration in the U.S. Senate as soon as tomorrow. With this out of control Democrat [...]
Surprisingly well-written and informative for a free onilne article.
So much info in so few words. Tostloy could learn a lot.