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Hide Your Wallets, Here Comes Al Gore

June 23, 2009

Al Gore’s dream of reversing global warming is about to turn into a nightmare for the rest of us. Leaving aside the question of whether or not global warming even exists, House Democrats yesterday introduced a bill (the Waxman-Markey bill) which will only lead to job losses and higher costs for energy, while having no effect on the environment.

Nobody denies that this bill is going to lighten the wallets of the average American, or that the poor are going to be particularly hard hit. The only question is, how hard? The highly reliable Congressional Budgeting Office estimates:

“[A] 15 percent reduction in carbon emissions by 2020 through a cap-and-trade plan would cost the average American household $1,600 a year, with low-income households carrying a heavier burden. Lower-income households tend to spend more of their income on energy than higher-income households, because it is difficult to cut back on necessities like heating.”

Remember, these figures are estimates. And when has a government cost estimate not been grossly understated?

The Waxman-Markey bill is also going to cause the country to lose jobs — perhaps millions of jobs — due to the crippling burden it will impose on American industry. This is even acknowledged by the authors of the bill, as there is a fine-print provision designed to provide relief for those who lose their jobs as a result of the legislation. 

“The Democrats’ bill has an unemployment provision that provides 70% of your job benefit for at least three years — in addition to any other unemployment benefits — if you lose your job because of that bill,” said Rep. Joe Barton (D-Texas). “They, at least tacitly, recognize that their bill is going to cost millions and millions of jobs.”

Nonetheless, Gore continues to parrot the mantra that the Waxman-Markey bill will have the opposite effect. “I think the creation of jobs by this bill will far outstrip any losses,” Gore recently testified. “There would be potentially massive job losses if we did not adopt this legislation.”

Democrats agree. The bill, they say, will stimulate employment “in the long run” by creating so-called “green jobs” such as making parts for windmills and growing grass on building rooftops.

This boondoggle will amount to nothing more than a massive tax hike on every person in America.

  1. Tony B permalink
    June 24, 2009 10:22 am

    The only “green jobs” resulting from this absurd bill designed to prevent something that isn’t happening is the GREEN MONEY jumping out of your pocket. Anything the Democrats say will be good for you – THINK THE OPPOSITE. Anything President Hopeychange says publicly – THINK THE OPPOSITE . They ALL come from the Sal Alinsky rules for governing. These folks have turned Air Force One into MAGIC CARPET ONE with the STATE RUN MEDIA in tow. This is some sickening stuff. I pray the BRAIN DEAD people who voted for this LITTLE BOY wake up in 2010 and remove his puppets in the House and Senate.

  2. Elaine permalink
    June 26, 2009 6:42 am

    All one can do is wonder how truly insane people were ever allowed to not only run for public office but be elected.

    Have the people in this country truly lost their minds by giving these people any opportunity to make a single law?

    Why are so many people in this country willingly be led by the nose by these snakeoil salesmen who so obviously are completely insane?

    What kind of people will willingly give up their freedom while practically handing over all of their wealth to a bunch of insane bureaucrats who intend to KILL them?

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