Tuesday, August 25, 2009

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.


Anonymous said...

Would this report be from that mainstay of independent analysis, The Heritage Foundation?

Norma said...

I don't think I've misrepresented the source, the way ACORN does.