Thursday, August 13, 2009

Waxman-Markey the ultimate in left wing lunacy

http://www.heritage.org/Research/EnergyandEnvironment/cda0904.cfm

Let us all pray that the left wing lunatics never pass this unilateral cap and trade bill that will do absolutely nothing to curb greenhouse gases world wide given the fact that India and China will not do anything that can dampen economic progress.

Just some lowlights from the artcle:

Heritage finds that Waxman Markey would, by 2035:
* Increase gas prices 58% above the increases included in the baseline forecast.
* Increase electricity prices by 90%.
* Raise energy costs for an average family of four by $1,241 per year.
* Cause the average family of four to pay $4,609 more per year, including increased taxes.
* Reduce GDP by an aggregate amount of $9.4 trillion.
* Increase the national debt by an additional $12,803 per person.

Given how woefully bad the underestimates have been by this administration as to the negative economic impact of anything they have been in favor of we must conclude that these estimates are far closer to the truth than what the Democrats are telling us.

Out of all of the terrible bills that the majority party have introduced this year this one must be the absolute worst.

Watch those poll numbers keep on plummeting for the Democrats.

1 comment:

riegels rant said...

lets just add in the BS Obama and his henchmen are saying about "you will be able to keep your health plan and your Doctors" yea right...for 5 years then they go away and you are on the Government health plan like it or not...OH yea if you change ANYTHIMG in your health plan within that first 5 years (deductables etc etc) yep...you are outta there on and on the Government plan...bunch of lying dips...and just one more little additive...someone tell me how in the name of god you can add 15-47 million people to a health plan with the existing Docs we have and not cause massive problems and rationing of services, so what is the cost of all this...way the hell above anything they predict...but remember the big O says he would not add to the federal deficit...