Wednesday, March 18, 2009

Obama's $2,000,000,000,000 tax increase

Liberal Democrats, including our president, are so blinded by environmental extremism that they are willing to destroy American industry and our economy along with it.  

How?  By implementing a "cap-and-trade" plan that sets "caps" on carbon emissions and allows companies to buy (apparently from the government) and "trade" allowances for additional emissions.  The Obama administration estimates that this will cost industry "close to $2 trillion" over eight years.  That's "nearly three times the White House's initial estimate."  (Link to Washington Times story here.)

Brilliant, don't you think, to add $2 trillion in costs to industry at a time when the economy is already slow and jobs harder to come by?

And, oh yeah, who will pay that $2 trillion?  You, me, and everybody who buys a product - if you'll be able to find any - that is made in the United States.  In the words of a prominent Republican staffer . . . "Since this energy tax won't affect manufacturers in Mexico, India and China, it will do nothing but drive American jobs overseas."

All this in the name of saving the planet from non-existent global warming.

Anybody who voted for Obama having buyer's remorse yet?  Or, is the better question . . . is anybody not?

1 comment:

thetimman said...

Do not insult our ersatz President.