More ways to cripple the economy

You can't just look at the health care plan as this administration's blueprint to destroy the economy; don't forget The malarky filled Waxman-Taxman. The House members also didn't take the time to read that. So much for not taxing the middle class and only going after the rich. It makes the new cigarette taxes for the poor look like pennies.

"On June 26, the House of Representatives narrowly passed climate change legislation designed by Henry Waxman (D-CA) and Edward Markey (D-MA). The 1,427-page bill would restrict greenhouse gas emissions from industry, mainly carbon dioxide from the combustion of coal, oil, and natural gas.

If passed by the Senate, the bill would burden families with thousands of dollars per year in direct and indirect energy costs. According to a new study produced by Heritage's Center for Data Analysis (CDA), forecasts severe consequences—including crushing energy costs, millions of jobs lost and falling household income—if Congress enacts the so-called Waxman-Markey bill." Heritage.org, and each state is different so be sure to click to your own state. Here's some of the bad news for Ohio--your mileage and tax increases may differ.


"By 2035, Americans living in the state of Ohio will see their electricity prices rise by $1,091.47 and their gasoline prices rise by $1.40 per gallon solely because of Waxman–Markey. . . . [charts] As the economy adjusts to shrinking gross domestic product (GDP) and rising energy prices, employment will take a big hit in Ohio. Beginning in 2012, job losses will be 62,595 higher than without a cap-and-trade bill in place. And the number of jobs lost will only go up, increasing to 111,989 by 2035.

Contrary to the claims of an economic boost from green investment and green job creation and “postage stamp” costs, the Waxman–Markey climate change legislation does the complete opposite by increasing energy prices . . ."

No, it looks like none of the House members has read this one either--they're dragging us kicking and screaming back to the 1930s 10 year Depression. Must have gone to elite colleges like Harvard where they learned about evil capitalism.

Here’s what the Waxman-Markey energy bill will do for you

“Nothing. Zip. Zero. Zilch. There are no benefits for the American people in the Waxman-Markey energy tax bill. Whenever defenders of the free market point out how much an energy tax will cost the economy, the enviro-left always tries to change the subject to “the cost of inaction.” But here is the dirty little secret about Waxman-Markey: it does nothing to prevent global warming/climate change whatever you want to call it. And that is before House Democrats gutted the bill.” Heritage.org Indeed, in a Congress full of downright scary people, thieves, murderers, adulterers, and brain dead, Henry Waxman reigns supreme.

Here are the numbers. My detractors always want the facts, not the unintended consequences, not the run up to the War on the Economy by smart investors and CEOs who were ducking for cover hiding their assets in foreign countries as soon as an Obama presidency was on the horizon, while contributing to his campaign. Not an historical survey of the Kulaks loss of property and life by Stalinists. OK, here they are. Here’s what higher prices on everything for the sake of a global warming myth looks like. Waxman's energy bill will mean the loss of your job (especially if you are paid on local tax money such as a teacher, librarian, policeman, street sweeper, dog catcher, etc.)

By the year 2050, the “clean” version reduces projected global temperatures by 0.044ºC (or ~3% less than the rise without the legislation), the “dirty” version gets you about half of that, or 0.022ºC (~1.5% less), and the “dirtier” version saves half of that again, or 0.011ºC (<1% less). By century’s end, you don’t do much better–the temperature reduction amounts to, respectively, 0.112ºC (0.20ºF), 0.046ºC (0.08ºF), and 0.013ºC (0.02ºF).

They only crunched the job loss numbers on the clean version and found it would reduce aggregate gross domestic product (GDP) by $7.4 trillion by 2035 and destroy 844,000 jobs annually. Maybe on your planet that sounds like a worthwhile trade, but not on mine!

The Recession Did Not Create Our Entitlement Crisis

There have been some whoppers fed to us at the Obama buffet table of lies, but this one is almost beyond belief. Our entitlements have been in trouble for as long as I've been paying attention, which is about 25 years. Social Security and Medicare are 1/3 of the federal budget. That didn't just happen in 2008! There is no "trust fund"--and we've killed off the workers who could have paid into that fantasy program before they were born. Our population's birthrate is almost below replacement rate--just the way environmentalists want so they can save poor, tired Mother Earth, the goddess stand-in of their pantheist drivel. If every woman of child bearing age could have a baby tomorrow, we'd still have to wait 20+ years for them to contribute to our health and old age care. Talk about poor planning! Or no planning. The job losses from the Waxman Markey climate bill which will raise energy prices by 55-90 percent will kill whatever hope we had of funding not only alternatives (and their fantasy jobs), but any job growth anywhere, and create more unemployment resulting in even more of a shortfall in entitlement programs.

Here are some reform ideas. I'm sure Obama won't listen--after all, he wants this to be another crisis on Bush's watch so he has an excuse to take over even more of the economy--which so far hasn't done a thing but put us more in debt.

More wrong headlines

Greenspan admits errors
Now maybe the Democrats can take the stand and admit their errors? Don't hold your breath. The most breathtaking statement in this article by Kara Scannel in WSJ (Kara, don't you realize your job too is going down the tubes?)

"Greenspan dodged and weaved."

The finest weavers in the country first tied us in knots and now sit unraveling our economy in Congress. Barney Frank. Chris Dodd. Barack Obama. John Kerry. Ted Kennedy. The fraternity of fixers.

Forecasting, Kara, is not the problem. There clearly was time 18 months ago to stop this blood bath. Many Republicans tried to save the sinking ship, including John McCain and George Bush, and they were blocked by accusations of racism and defeating the dreams of the poor. And you guys who write that puerile, journalism school 101 nonsense as the "news" for WSJ, NYT, WaPo and USAToday just went along, and along and along. You never dug deep, never ask questions, but if the truth did peep through, you buried it somewhere beyond paragraph 15.

For edification, Kara, please read, "Would the last honest reporter please turn out the lights"