Has anybody read this? Does this worry you?
"When the Heritage Foundation did its analysis of Waxman-Markey, it broadly compared the economy with and without the carbon tax. Under this more comprehensive scenario, it found Waxman-Markey would cost the economy 1 billion in 2020, which is ,870 for a family of four. As the bill’s restrictions kick in, that number rises to ,800 for a family of four by 2035.
Note also that the CBO analysis is an average for the country as a whole. It doesn’t take into account the fact that certain regions and populations will be more severely hit than others — manufacturing states more than service states; coal producing states more than states that rely on hydro or natural gas. Low-income Americans, who devote more of their disposable income to energy, have more to lose than high-income families.
Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them."
For once guys…lets stop the fight between democrats/republicans. I understand this is supposed to be for the environment but it really is going to damage the economy! Please email/call your representative tonight! they will not vote for it if they think they will not get re-elected because of it.Raise hell! do you want to pay .00 at the gas pump? Or lose even more jobs?
Filed under: Compare Natural Gas Prices
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Yes and the Democrats are working feverishly to get another eleventh hour bill passed before anyone can figure this out. Anybody who gives a damn about this country needs to be raising hell with their House and Senator representatives right now before this happens.
No, the Heritage Foundation, though legitimate, looks at things from a very conservative viewpoint. I would want to get more than there point of view.
One thing they don’t seem to be considering is the economic impact of a vibrant alternative energy business sector. The expectation by some is that that should bring costs down, as new technologies are developed and marketed around the world.
At any rate, the trade an cap proposal is a compromise between nations, and will help make God’s earth cleaner. If this is the only way to take our environment seriously, then it’s worth it. I’m willing to spend more money to make our air cleaner.
Not only will we lose jobs to cap and trade, we will lose them to China! It’s the attempt to nationalize our energy supply, and will drive up the cost on an already sky-high rates.