Ding Dong ‘Cap and Trade’ is Dead
So just a day after the Republicans won big, President Obama ran screaming from the “cap and trade” program like it was a hooker with herpes.
Remember, this was his solution for global warming: curb carbon emissions by hiking the price of electricity and gas, forcing us to use less.
Well, that’s deader than the nerves in Nancy Pelosi’s face.
“Cap-and-trade was just one way of skinning the cat. It was a means, not an end. I`m going to be looking for other means to address this problem.”
And with that, we owe massive gratitude to the American people.
By going to the polls and yanking one house away from Obama’s control, they – in effect – blocked the largest tax increase in history.
That’s what cap and trade was: the higher prices it guaranteed would have showed up in our electricity bill, gas stations, and in everything we buy. According to the Heritage Foundation, it would have cost the economy 161 billion dollars in 2020 – or $1,870 per family of 4. By 2035, that number jumps to $6,800.
And get this: According to the Wall Street Journal, during the few days the bill was debated in the House Energy Committee, Republicans put forth amendments to suspend the program if gas hit $5 a gallon, if electricity prices rose 10%; and if unemployment hit 15%.
The Dems smacked that down.
Ah, the spirit of working together.
Which means: cap and trade would have passed – until, the American public made a stink over health care. Obama expended so much capital and good will on that fight, that it cost him the midterms, and the worst piece of legislation on earth.
With no opposition party in place, it was the sign-waving folks in those tri-corn hats who did the heavy lifting.
God bless ‘em.
And if you disagree with me, you’re a racist, homophobic tricornophobe.