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March 9, 2009
Obama Is Driving Up Energy Costs on Purpose
The Obamination Administration has finally figured out what's wrong with our collapsing economy: energy costs are too low. From the Washington Times:
Mr. Emanuel said energy costs are too low anyway. U.S. car companies have relied too long on gas-guzzling autos and failed to invest in alternative energy vehicles, he said, and contended that the time for new auto fuels is now.
Right when GM is going bankrupt is a perfect time to force it to use technologies that are not economically efficient.
The cap and trade insanity snuck into one of the recent spending extravaganzas will be just the ticket to fix those low energy costs. Here's Chairman Zero promising that it will cause power costs to "skyrocket":
Cap and trade serves no useful purpose, and is estimated to cost us as much as $1,400 per family per year, in addition to crippling what little American manufacturing hasn't left for Asia.
We are witnessing the early stages of a deliberately engineered depression.
Hat tip: Gateway Pundit, on a tip from Gregory of Yardale.
Posted by Van Helsing at March 9, 2009 7:18 AM
Comments
Cap and trade is a complete Socialist program. It is for taking the wealth of the major producers and consumers of our economy by the government, so the government then can give the tax dollars to the non-producers and non-consumers in entitlements. Although, the result of this tax will generate the exact opposite of its intent is completely irrelevant, as all Liberal programs do.
http://franklinslocke.blogspot.com/
Posted by: Franklin's Locke at March 9, 2009 7:38 AM
What will consumer prices look like after four years of the newly elected furer has ruined it all to appease the ec-freaks SCREW GREENPEACE,SCREW SIERRA CLUB
Posted by: SPURWING PLOVER at March 9, 2009 7:39 AM
I can't afford this, and millions of people can't either. Around where I live, people go paycheck to paycheck (and nearly always have). It's like he's TRYING very hard to be a one-termer.
BTW, Rasmussen has his index at the lowest ever. +6 as of this morning. 38 SA, 32 SD. The SD number has been growing steadily upward, with the SA staying somewhat flat. His best ever index was +30.
Posted by: Karin at March 9, 2009 7:39 AM
Kevin Hassett suggests Obama's policies are intended to destroy the economy.
Posted by: Gregory of Yardale at March 9, 2009 8:10 AM
Cap and trade does nothing to limit anything. It only serves to transfer wealth. If people are given a specific amount that they can exhale, if a big guy uses his by the start of November, the 2 options are hold your breath until next year,
--- or ---
buy more credits from somebody that has extra. Did it stop the nasty C02? No, the big guy is still breathing. All it did was move money from the big guy to the little guy.
Why is this such a difficult thing for all these dolts to understand?
Posted by: bjd at March 9, 2009 8:14 AM
I can't believe I waited 19 years to escape France, and barely six months after arriving here, socialism takes over.
I can see the 90% tax on gas all over again.
AC
PS: If you think 8.1% unemployment is high, let me put it this way: when France reached 9.6% unemployment in 2006, they celebrated because it was a thirty year low...
Posted by: AC at March 9, 2009 8:59 AM
And I am reminded again why I'm very, very glad my family has Amish acquaintance & we live on a farm well stocked with fully organic horsepower & know how to use it. Think maybe I'll go find my Lehman's catalog and see how many shekels are required for that de-luxe wood burning cookstove...
Anybody making Little Timmy Geitner voodoo dolls?
Posted by: Brooke at March 9, 2009 9:08 AM
Can't wait to see what this does to the heating bills around here. They are already collecting every fall on street corners for the heating relief fund so that we can protect the elderly poor from the rapacious oil companies to travel the ends of the Earth in the most extreme environments to produce oil to keep them warm in the winter.
Posted by: TJS at March 9, 2009 9:12 AM
Help me out here. I've seen a few of you say that Obama's cap and trade will not have the desired result of causing companies to decrease CO2 emissions. Now I don't buy global warming in the first place, but I think we ought to be careful to be accurate in what we say. As far as I can tell it *should* have the desired effect (company wants to save money--company must innovate or purchase innovations to decrease CO2--CO2 emissions go down).
I have three problems with the plan, off-hand. Number 1 is that they're burdening industry right in the middle of an economic crisis. 2 is that I believe new businesses and entrepreneurs will be discouraged by the ever-increasing amount of artificial constraints on production. And 3 is that I don't believe that CO2 is the threat that liberals and environmental nuts would have us believe (and I care about the environment). I think the whole global warming crisis is contrived, and I think gullible people have bought into it for selfish reasons.
Does cap and trade really not even have the effect we're told it will? And is there historical proof of that?
Posted by: Thorne at March 9, 2009 1:36 PM
Cap and Trade has the effect of transferring wealth from those who are using energy to those who are not, with NO other benefit. You'll also see the energy companies, oil and whatnot, online with this, because it allows them to make the same profit by producing less energy. Pretty neat, huh?
Posted by: Mr Evilwrench at March 9, 2009 6:42 PM
This is just another fascist scheme to remove the money from your pocket and enrich the "deserving."
Its time for a revolution people.
Posted by: Thomas Jackson at March 10, 2009 1:19 AM
WE,LL HEIL(THIIPP)HEIL(THIPP)RIGHT IN THE FURERS FACE
Posted by: Flu-Bird at March 10, 2009 12:33 PM
