"We've seen the example in Spain, it's a colossal mistake there, a political and an economic error. This could be the most colossal mistake ever made in the history of the United State Congress." - Congressman Steve King
Under Cap and Trade there will be less energy because the legislation freezes or rolls back, oil, natural gas, coal, nuclear and biofuels.
For more info: Cantor on cap and trade: 'wrong bill at the wrong time' ♦ Congressman Pence denounces Democrats' secretive cap and trade rush ♦ Obama on cap and trade: 'electricity rates would necessarily skyrocket' ♦ Democrats rush cap and trade vote ♦ Obama will bankrupt the coal industry ♦ Dingell calls cap and trade a great big tax ♦ Obama climate change agenda hits Senate speed bumps ♦ Cap and trade will not save the earth
Comments
Many of us agree that this cap and trade idea is a costly mistake. Obama knows it too, and he is getting support from the friendly liberal media and the socialist Democrats because it is part of the Obama administrations new plan and a new Orwellian world order. Who would believe that one misanthrope president could screw up the United States so badly? Well, he is, and Obama is not done yet. You will not recognize your country after the socialists take it over with the help of the liberal media.
Watch this and you will see where we are going. Straight from the horses mouth.
www.youtube.com/watch?v=HlTxGHn4sH4
From his mouth WITHOUT a teleprompter!
Kerry, Boxer: U.S. ‘Needs’ Cap-and-Trade on Carbon Emissions Even if Energy Costs Rise
www.cnsnews.com/public/Content/Article.aspx?rsrcid=45330
“It’s a win-win in so many different ways, we can’t afford not to do it,” Kerry said.“There could be some (price) increases,” Kerry admitted, adding that the “costs of doing nothing could be greater,” including a decline in the food supply. “But there’ll be higher rises if we don’t do it and start to curb these emissions because you’re going to pay more for the adaptations, the loss of food, all the other problems that come along with it.”
Boxer also acknowledged that energy prices will rise.
“In the short run, in the transition, there’s always an up-tick (in prices)”
This bill is being touted as the Obama bill.
“The problem is can you get the American people to say this is really important and force their representatives to do the right thing, that requires mobilizing a citizenry…..
Under my plan of a cap and trade system, electricity rates would necessarily skyrocket even regardless of what I say about whether coal is good or bad, because I’m capping greenhouse gasses, coal power plants, natural gas you name it whatever the plants were, whatever the industry was, they would have to retro-fit their operations, that will cost money and they will pass that money onto the consumers.”
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