Obama Plan Has $79 Billion From Cap-and-Trade in 2012

http://www.bloomberg.com/apps/news?pid=20601130&sid=aAO_KEIgeOOc

President Barack Obama’s budget plan assumes $78.7 billion in revenue in 2012 from the sale of greenhouse-gas emission permits to polluters, putting pressure on Congress to pass legislation by early next year.

A “cap-and-trade” program would generate a total of $645.7 billion by 2019, according to the budget blueprint Obama sent to Congress today. Initial funds would be used to invest in “clean” energy, help finance Obama’s tax credit for workers as well as offset higher energy costs for low- and middle-income people and clean up costs for small businesses.

The budget calls for the Environmental Protection Agency to get $19 million to begin setting up an inventory of greenhouse- gas emissions that most scientists say are causing rising temperatures and sea levels. Obama has asked Congress to send him a bill that would create an emissions trading system, putting a mandatory cap on carbon-dioxide pollution nationwide for the first time in the U.S.

"I Feel [Global Warming] When I'm Flying"

http://community.detnews.com/apps/blogs/henrypayneblog/index.php?blogid=2041

Michigan just experienced its coldest July on record; global temperatures haven't risen in more than a decade; Great Lakes water levels have resumed their 30-year cyclical rise (contrary to a decade of media scare stories that they were drying up due to global warming), and polls show that climate change doesn't even make a list of Michigan voters' top-ten concerns.

Minority Leader John Boehner's Filibuster

http://www.youtube.com/watch?v=YFC48voKjbs

The Cap and Tax Fiction

http://online.wsj.com/article/SB124588837560750781.html

"The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result."

"Waxman-Markey would cost the economy $161 billion in 2020, which is $1,870 for a family of four. As the bill's restrictions kick in, that number rises to $6,800 for a family of four by 2035."

"The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change. What comes out of the computer is a function of what politicians type in. A better indicator might be what other countries are already experiencing. Britain's Taxpayer Alliance estimates the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years.'"

Cap-and-trade global warming bill will increase U.S. economic losses by $2 trillion.

http://www.ibdeditorials.com/IBDArticles.aspx?id=327541284530872

"The White House itself, through the Small Business Administration's Office of Advocacy, concedes that restricting carbon emissions 'is likely to have serious economic consequences for regulated entities throughout the U.S. economy.' "

The Economic Impact of Cap and Trade

http://www.heritage.org/Research/EnergyandEnvironment/tst050709b.cfm

"Analysis by the Environmental Protection Agency (EPA) shows that a 60 percent reduction in CO2 emissions by 2050 will reduce CO2 concentrations by only 25 ppm in 2095. This reduction would affect world temperatures by 0.1 to 0.2 degrees C. In other words, it makes virtually no difference."

Cap and Trade a ‘Declaration of War,’ Say Republicans

http://www.cnsnews.com/public/content/article.aspx?RsrcID=47472

Do the people making up these idiotic pieces of legislation ever consider any consequences? It's almost as if simply passing a bill in the name of some lofty goal, regardless of its contents, is enough. Even if it isn't $3000, or even $2000, why the Hell in this economy would you start making people pay more money for something that doesn't even have definitive science around it?

Obama Climate Plan Could Cost $2 Trillion

http://www.newsmax.com/newsfront/obama_climate_costs/2009/03/19/193810.html

1. Obama gives "middle-class" tax cuts
2. Obama proposes using the majority of the money generated from a cap-and-trade plan to pay for said tax cuts
3. US businesses either pass on the tax hike to customers in terms of higher prices or they go overseas where taxes for emission are cheaper
4. US loses jobs and customers now have to pay more money to buy US products

Where in this logic will we be improving the economy: higher prices and out-sourced jobs? Regardless of whether you think saving the environment is a noble cause, our economy won't be able to take this kind of hit.