Despite the tremendous efforts of many concerned American citizens, talk radio and bloggers, the U.S. House of Representatives passed, by a narrow margin of 7 votes, the largest regulatory and taxation bill in the history of the United States. 

This bill has been kept low-key and away from the scrutiny of the American people for months.  For that matter, much of the language of the bill has been unknown until days prior to the vote, leaving House Members and their staffs in a flurry to scan the document, if they read it at all.  As you can image, this allowed for little to no consideration of the ramifications that each point would bring. 

The bill was given the benign, feel good name – American Clean Energy and Security Act of 2009 (H.R. 2454).    It has also referred to as the Cap and Trade bill, the Waxman-Markey bill, and the Climate Change/Control bill.  Sponsored by Rep. Harry Waxman (D-CA) and co-sponsored by Rep. Edward Markey (D-MA), this legislation was presented as the nation’s first truly “progressive” act toward limiting pollution, thus slowing global warming, and providing America with new, cleaner energy sources.

Unfortunately, the bill has very little to do with improving energy or bolstering national security through advancing our energy options.  Instead, the 1,201 pages of this bill creates the most sweeping taxation America has ever seen and sets a path of destruction with unprecedented [American*] government regulation with ripple effects throughout the world economy.  (*Note that this type of control has precedents, in fact, examples in other countries such as the former USSR.)

These regulations propose a cap on carbon emissions and other polluting energy sources, such as fossil fuels.  Entire closed factoryindustries will be forced to comply with such caps which economic experts say will cause massive job losses as factories, refineries, etc. re-tool and/or downsize their operations. The alternative is to trade (i.e. purchase not swap) “carbon credits” to offset their pollutive output or face exorbitant fines and taxations.  Mid to small sized businesses and, even, the family farmer will be held to similar restrictive regulations. 

happy Al GoreOne might wonder where such “carbon credits” are to be found.  Well, lucky for us Tennesseans, Al Gore has invested his time and money into building firms such as Generation Investment Management and other entities which will broker “carbon credits” or issue “carbon vouchers.”  The Wall Street Journal reports another interesting proponent of the “Climate Bill” is the world’s largest manufacturer of wind-turbines, Vestas, who also happens to “sponsor CNN’s Climate in Peril segment,” in an effort to “urge governments to invest heavily in wind energy and pass policies that would increase Vestas’ earnings.”  The Journal also cites other parties on the “Cap and Trade” bill-bandwagon including 50 of the biggest U.S. electric utilities.

So how might this legislation affect you, the average American? 

First, it is an act in direct opposition to our capitalist system of free trade.  The power granted to the Feds would allow the government to determine how industries and companies (large and small) can run their operations; which companies or businesses will receive “credits or vouchers” for energy – determined solely upon how the Administration views the necessity and importance of such businesses; and trickle-down regulatory impact on everything from wages to production output to consumption.  Oh, and did I mention it will regulate citizens as to which type of car you will be able to buy? Possibly how many motor vehicles (cars, trucks, boats, jet skis, RVs, etc.) you may own?  You may have noticed the ads running this week for a government tax-credit allowance toward the purchase of new, cleaner energy cars? This is no joke, folks. 

This, my dear readers, is the definition of a Communist/Socialist/Marxist-style government:  where the populous is told not to think for themselves, instead to allow the central government to think and act for the benefit of the whole.  The interest of the whole is placed over that of the individual.  (Doesn’t sound much like our Constitution to me.) If you didn’t believe the talk of Socialism earlier, now you must close your ears to the political hype and sincerely open your eyes to see the real events happening around you. 

As with any piece of legislation, there are supporters and opposition.  In researching this issue, I discovered that among those opposed to HR 2454 include, The Heritage Foundation, The National Black Chamber of Commerce and the Brookings Institute; all of which project huge job losses and additional debilitating taxes and higher costs for the average American family.  Heritage’s in-depth analysis of the impact of this legislation if enacted found:  Unemployment would increase by 2 million in 2012 during the first year of the program; Total GDP losses would be $9.4 trillion by 2035; As the economy slowed, national debt would balloon, saddling a family of four with an additional $114,915 of more national debt as their share; Families would suffer as the bill would slap an energy tax equivalent of a $4,609 on an average family of four.

Heritage Foundation

Brookings InstitutionNBCC logo

 

The domestic impact of this “Cap and Trade” or “Climate Change” bill will have devastating effects on American industry, businesses of all types, employers and employees, and the end consumers through higher taxes and prices for goods.  Overburden of taxThe international impact of the bill will also have disturbing effects to the economy through a decrease in international trade and strain on international trade relations.  Further, it will cause situations of non-compliance with policies from entities such as the World Trade Organization, and handicap their ability to function, thus reducing confidence of foreign governments in America’s true intent.  For the third-world economies, its impact would lead to lower economic growth rates and rising poverty – ironically resulting in higher carbon emissions and pollutions from those countries that are too poor and undeveloped to adapt to America’s new standards.  Researchers conclude that this factor alone negates any positive potential the legislation aims to achieve. 

Once again, we see the Obama Administration and the radical-liberal Democrats jump into forcing solutions without thoroughly assessing the ramifications each aspect of the bill would cause.  I, for one, am amazed at the continued naiveté of this Democratic led government which seems to act on impulse to push an agenda rather than on logic to better our country in a time of economic turmoil and world-wide unrest.  With continued isolationist actions, such as an enactment of this bill, it is no wonder that other countries refer to America as “arrogant” or “selfish.” 

In regard to the renewed effectiveness of House Speaker Nancy Pelosi (D-CA), her timing of a vote on this controversial bill was excellent.  With summer vacations, Little League games, camps, and other activities, very few Americans were paying any attention to the shenanigans of Washington, D.C.  (Heck, they aren’t even asking questions about the criminal aspect of the Pelosi-CIA scandal anymore…who dropped that ball?) No, this summer our citizens are trusting that things will just work out and nothing much will change.  They continue living their American dreams, enjoying their freedoms, and pursing their happiness.  But now, one may ask…for how long?  And that is…Why It Matters.

Advertisements
Comments
  1. Charles McDonald says:

    It is very difficult to believe that our nation has allowed ourselves to fall into this trap commanded by left wing fools. Where have the statesmen gone? When you see idiots such as Al Franken, Al Gore, Nancy Pelosi, Harry Reid, and the Messiah Obama take center stage and set themselves up herd us into the socialist stockyards to make it easier to tell us where we can live, what we can drive, wear, read, and where we can live, it makes me sick.

  2. Extenze says:

    There is obviously a lot to know about this. I think you made some good points in Features also.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s