Monday, June 8, 2009

Obama Says No More "Climate Altering Gases" Allowed!

Looks like Obama is up to some more of his old tricks again, in the form of wealth redistribution from the rich to the poor. Although this plan is currently in Congress and hasn't been signed by the chosen one, it has the stink of Obama all over it.

Check out this - there is a plan underway to auction off permits to companies that produce "climate altering gases". The money from those permits will be given to low income consumers to help pay for higher energy bills, among other things.

There are SO many things wrong with this, where do I start: first of all, there is no consensus in the scientific community that man made global warming (or "climate change") is even occurring. So why are we spending $$ we don't have to combat something scientists can't even agree is occurring? Second, who is even going to be paying for these permits? Companies, who are going to pass those costs onto everyone. What about the higher energy bills of middle income and high income Americans - we're going to be tagged with an extra $100 to $1,600 a year because of this, and you can bet those estimates are on the low end. How many jobs are going to be lost because companies can't or don't want to deal with these regulations? How much is this massive regulation going to cost us in the form of salaries and perks for the bureaucrats who are going to enforce it? I could go on and on, but you get the point.

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