Anybody with more than two brain cells knocking against each other and a 3rd grade-level of understanding of economics understands that Cap & Trade is going to kill jobs, raise taxes (yap, even on those who make less than $250K per year).
Obama himself admitted that “electricity rates would necessarily skyrocket” under Cap & Trade.
Peter Roof at US News & World Report writes that in addition to higher energy rates (which will be paid to the tune of ~$1400/family/year) will also cost jobs:
In her remarks bringing the debate over the climate bill to a close, House Speaker Nancy Pelosi of California urged her colleagues to vote in favor of the cap and trade bill, saying the measure was about four things: “jobs, jobs, jobs, and jobs.”
She was right-the House-passed version of cap and trade is all about jobs: jobs lost, jobs never created, jobs sent overseas, and, unbelievably, jobs people will be paid for doing long after they cease to exist.
According to Friday’s Washington Times, the legislation includes language that provides, should it become law, that people who lose their jobs because of it “could get a weekly paycheck for up to three years, subsidies to find new work and other generous benefits-courtesy of Uncle Sam.”
How generous are these benefits? Well, according to the Times, “Adversely affected employees in oil, coal and other fossil-fuel sector jobs would qualify for a weekly check worth 70 percent of their current salary for up to three years. In addition, they would get $1,500 for job-search assistance and $1,500 for moving expenses from the bill’s ‘climate change worker adjustment assistance’ program, which is expected to cost $4.2 billion from 2011 to 2019.”
Instead of being a the source of millions of new jobs of “green jobs”-as House Democrats are fond of saying over and over again-the provision is a hidden admission that their effort is a job killer, not just a massive new tax on energy.
Just adding more former hardworking, former taxpaying Americans on the Democratic teat of government reliance.
How is this good for America again?
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Somebody with some guts should confront Pelosi with her blatant lies.