Dems' anti energy bill impact
...That take quite a sales job, but the Democrats are buying votes with exemptions to certain constituencies. But the exemptions are illusory because of the overall impact of the bill on the economy as a whole.
The reality is that the bill before the House today imposes what could be the largest tax increase in history on the American people. And every single one of us who heats a home, drives a car, and manufactures or consumes products made in America will pay the price.
Estimates are that the Waxman-Markey bill will raise electricity prices by an astounding 90 percent. It will raise gasoline prices by 74 percent. It will raise the average American family's energy bill by $1,500 each year.
And, far from creating jobs, experts predict that the global warming bill will destroy 1,105,000 jobs on average each year, with peak years seeing unemployment rise by over 2,479,000 jobs.
All in all, the bill is expected to reduce our gross domestic production (GDP) by $9.6 trillion. And for what?
Even if - if - the legislation works exactly as it is intended (a rare feat in Washington), in about 100 years the Earth's temperature will be one tenth of one degree Celsius lower than the United Nations predicts it will otherwise be.
The largest tax increase in history for a one-tenth of one degree temperature decline? No wonder the Obama Administration is working overtime on Capitol Hill.
Obama is trying to tell Texan that they will gain jobs from this bill, bu the Spain experience on "green" jobs shows the opposite to be the case and the direct impact of the bill on the energy business in Texas is clearly negative.
Any member of Congress from Texas who supports this bill is a traitor to the states economy. They are voting for all this disruption for a unmeasurable temperature difference in the future.