This article is well done and worth your time.....
Cap and Trade Dementia
By Peter Ferrara on 7.1.09 @ 6:09AM
http://spectator.org/archives/2009/0...Trade+Dementia
Barack Obama called for House passage of the cap and trade tax bill last Friday by calling it a jobs bill. The bill is designed to raise the price of energy in the U.S. so much that it will reduce the use of fossil fuels by 17% by 2020 and by 83% by 2050. Sentencing the U.S. economy to high cost energy is not a particularly good strategy for creating jobs. The Charles River Associates, a Harvard based economics consulting firm, estimates a net loss of jobs from the bill of about 2.5 million each year.
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Let's say Ferrara and Charles Rive Associates are off by 50% on the loss of jobs -
only 1.25 million lost each year.
Why of God's earth would America do this and do this now? Is someone out to destroy America?
Obama and his Socialist Congress must be insane. The cap & trade legislation is not only based on junk "science", it will kill millions of jobs. If Obama and the Congressional Socialists are not insane, then they are deliberately trying to wreck capitalism, freedom, and the United States of America, with the goal of recreating the USSR here in the USA.
Oh, it’s a “jobs bill” all right. It will be a “job” to try to figure out how to pay your bills!
Just Damn!