Can Americans Afford a 60-percent Spike in Gasoline Prices and a 90-percent Increase in Electricity?

We need to stop the run-away train called the Obama administration and it's radical left wing congress before they take our country into irreversible financial ruin!They have to stop spending like a teenager with his parents visa card. They continue to try to invent one crisis after another to get the American people to go along with with their schemes.

Even though the recent e-mails that were made public proved the conspiracy of the "Global warming" camp to deceive the American people, This administration is still trying to move ahead with the plan to fleece American taxpayers out of more tax dollars. The cap-and-trade bill will raise energy costs, increase unemployment, and weaken the economy. As energy prices increase, those costs will be passed onto the consumer and reflected in the higher prices we pay for products. Higher energy prices also result in a slower economy, which means less production, higher unemployment and reduced income.

The Waxman-Markey legislation -- also known as carbon cap-and-trade, amounts to a massive energy tax on Americans. Our citizens are being pushed to the breaking point. We have a unprecedented national deficit. We are losing our home's, our jobs, businesses are failing, Americans are suffering financially and Congress determined make things dramatically worse by passing a new national energy tax. We'll lose more jobs, pay more for gas and electricity and every other form of energy.

Cap and trade will raise the price of electricity by approximately 90 percent, home heating oil by 56 percent and the price of gas is going to go up by more then 50 percent. While most democrats supported this bill, others were concerned that it was a burdensome tax on business that would drive companies and jobs overseas while doing little to address climate change. While 44 Democrats voted against Cap and Trade, 8 Republicans in the house voted to pass the bill without reading it. The document weighs in at a hefty 1,201 pages.It also has a 300 page amendment that was hastily added in the middle of the night.

If anyone takes the time to read the bill they will understand that unemployment will increase. Over the 2012-2035 timeline, job losses will average over 1.1 million. By 2035, a projected 2.5 million jobs are lost below the baseline (without a cap and trade bill). Particularly hard-hit are sectors of the economy that are very energy-intensive: construction, farmers, Manufacturers, machinery, electrical equipment and appliances, transportation, textiles, paper products, chemicals, plastics and rubbers, and retail trade would face unprecedented employment losses as a result of this legislation.

This bill has already passed in the house without any real review or discussion. One lawmaker pointed out that nobody even bothered to take the time to read the bill, let alone a 300-plus page amendment filed the night before. I believe the amendment was added at about 3 am.

Does anyone else have a problem with these elected officials voting for legislation that they haven't even read? What kind of backroom wheeling and dealing is going on in this congress and administration?

In the name of saving our planet from "catastrophic global warming" for future generations, what we're really doing is ensuring they live in a world with less opportunity and paying for this debacale through increased debt, all for a change in the temperature too small to ever notice. All of these costs will accrue in the first 25 years of a 90-year program that, as calculated by climatologists, will lower temperatures by only hundredths of a degree by 2050 and no more than 2/10ths of a degree by the end of the century.

This huge new cost with no discernible benefit is exactly what we do not need as our economy is trying to recover from a credit and housing-market meltdown and a recession while teetering on the brink of falling even further into rapidly slowing economic activity and hyperinflation from a federal deficit that quadrupled in just the first five months of this white house administration and is steadily getting worse. "This legislation would be the equivalent of an atomic bomb directed at the U.S. economy-all without any scientific justification," says famed climatologist Dr. S. Fred Singer.

According to a report issued by the Environmental Protection Agency in April2009, by 2015 the price of carbon emission indulgences required by the bill for industries to operate could be expected to run between $13 and $17 per ton of CO2 emitted. It may be noted that this estimate was made by an Obama administration agency highly favorable to the bill. lets accept their estimates and go with 15%. this will, by the EPA's estimate, impose a tax of $135 billion per year on the nation. Divided by the U.S. population of 300 million, that works out to a cost of $450 per year levied on every American man, woman and child. aAnd knowing that The EPA stands to benefit by minimizing their estimated figures it will probably be a much higher tax burden on us average American taxpayers.

Voters make your voice heard. Get ready to vote these spend thrifts out of office in 2010. Don't just blindly go along for the ride their taking us on, you may not like the destination.

Sources:

American Clean Energy and Security Act of 2009," H.R. 2454,

fpc.state.gov/documents/organization/94861.pdf

http://www.rollcall.com/news/36393-1.html

http://washingtontimes.com/news/2009/sep/15/hot-button-66717172/