Pelosi pushing for vote on Cap and Trade on Friday

Dreammaker

Seasoned Expediter
If this is passed, the cost of everything that is energy related will be going up. Estimates are that the average family will be spending an additional $4,000 per year in energy related costs if the bill is passed. Time to call your representatives and explain to them that we will vote them out of office if they pursue this folly.
See the following article: Climate Bill Set for Vote After Deal Is Reached - WSJ.com. To see how much this bill will cost the average American household, read this: http://blog.heritage.org/2009/06/15...sts-waxman-markey-global-warming-legislation/.
 
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Scuba

Veteran Expediter
They know what it will cost us and they don't care no matter how they vote they all need to be voted out.
 

greg334

Veteran Expediter
Hey my truck will become my new home. This will kill the independent (read not rich) trucker within a year.

I would think that the OOIDA and the truckers themselves would be screaming about this but again there is no solidarity.
 

Dreammaker

Seasoned Expediter
Warren Buffett has commented:

In a CNBC interview today, prominent Obama supporter and economic advisor Warren Buffett blasted Speaker Pelosi’s national energy tax, calling it a “huge tax” and “fairly regressive” that will harm “an awful lot of people.”

See video:The Weekly Standard
 

Dreammaker

Seasoned Expediter
More from Powerline on the cost of Cap and Trade:

He Thinks You're Stupid

June 23, 2009 Posted by John at 7:24 PM

In his press conference today, President Obama talked about the cap-and-trade energy tax that the Democrats are trying to ram through Congress. Obama's nose grew a couple of inches as he uttered this howler:

At a time of great fiscal challenges, this legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air we breathe.

The idea that the energy tax will come to rest with "polluters"--that is to say, power companies, manufacturers, agribusinesses, and so on--is absurd. The cost will be passed on to consumers, as Obama himself admitted during a moment of candor during the campaign, when he said that electricity costs would "skyrocket" under his cap-and-trade proposal.

Obama isn't dumb enough to believe that the many billions of dollars in costs that his proposal will impose on energy companies, etc., will somehow disappear thereafter. But he thinks you are.

Meanwhile, others are putting out information, rather than disinformation, on the disaster that is Waxman-Markey. Like the National Mining Association, which produced this map showing, state by state, how many millions of dollars in costs will be imposed on each state annually under the bill's allowance allocation formula. Click to enlarge:

WaxmanMap771.jpg

Here in Minnesota, we can look forward to an additional $100 million+ in costs to be paid for annually by taxpayers and energy consumers. Go here to learn much more.

Waxman-Markey would be a very stupid bill even if it were true that 1) the earth is getting warmer, 2) human activity is mostly responsible for climate changes, and 3) a warmer earth would be a bad thing. Given that all three of these premises are false--we cannot, in fact, control the weather--Waxman-Markey is a suicidal monument to human folly.
 

chefdennis

Veteran Expediter
I know most here understand this "cap and tax , i mean trade" B/S to some extent and the liberal barry supporters here will be along soon to tell us others that we are all just whiners and need to chillout cause barry will always do the right thing for those that need his help the most, and that everyine needs to do more then they have been to safe the whales, i mean the planet and if it cost more, so be it...its the right thing to do...I am not going to go into just how much B/S man made global warming is and neither does this article..but the fact is this is nithing but a tax and the people are going to pay it........

The WSJ wrote this article, while a few months old, it explains it all pretty good and clear....get ready, your pocketbook is about to take a hit...even those that barry told they were going to get a tax "CUT" during the campaign are going to pay for this, not just those high and mighty rich people:

MARCH 9, 2009
Barack Obama's Cap and Trade Program Is a Tax on the Working Class - WSJ.com

Who Pays for Cap and Trade?

Hint: They were promised a tax cut during the Obama campaign.

Cap and trade is the tax that dare not speak its name, and Democrats are hoping in particular that no one notices who would pay for their climate ambitions. With President Obama depending on vast new carbon revenues in his budget and Congress promising a bill by May, perhaps Americans would like to know the deeply unequal ways that climate costs would be distributed across regions and income groups.


APPoliticians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."

Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.

The Congressional Budget Office -- Mr. Orszag's former roost -- estimates that the price hikes from a 15% cut in emissions would cost the average household in the bottom-income quintile about 3.3% of its after-tax income every year. That's about $680, not including the costs of reduced employment and output. The three middle quintiles would see their paychecks cut between $880 and $1,500, or 2.9% to 2.7% of income. The rich would pay 1.7%. Cap and trade is the ideal policy for every Beltway analyst who thinks the tax code is too progressive (all five of them).

But the greatest inequities are geographic and would be imposed on the parts of the U.S. that rely most on manufacturing or fossil fuels -- particularly coal, which generates most power in the Midwest, Southern and Plains states. It's no coincidence that the liberals most invested in cap and trade -- Barbara Boxer, Henry Waxman, Ed Markey -- come from California or the Northeast.

Coal provides more than half of U.S. electricity, and 25 states get more than 50% of their electricity from conventional coal-fired generation. In Ohio, it totals 86%, according to the Energy Information Administration. Ratepayers in Indiana (94%), Missouri (85%), New Mexico (80%), Pennsylvania (56%), West Virginia (98%) and Wyoming (95%) are going to get soaked.

Another way to think about it is in terms of per capita greenhouse-gas emissions. California is the No. 2 carbon emitter in the country but also has a large economy and population. So the average Californian only had a carbon footprint of about 12 tons of CO2-equivalent in 2005, according to the World Resource Institute's Climate Analysis Indicators, which integrates all government data. The situation is very different in Wyoming and North Dakota -- paging Senators Mike Enzi and Kent Conrad -- where every person was responsible for 154 and 95 tons, respectively. See the nearby chart for cap and trade's biggest state winners and losers.

Democrats say they'll allow some of this ocean of new cap-and-trade revenue to trickle back down to the public. In his budget, Mr. Obama wants to recycle $525 billion through the "making work pay" tax credit that goes to many people who don't pay income taxes. But $400 for individuals and $800 for families still doesn't offset carbon's income raid, especially in states with higher carbon use.

All the more so because the Administration is lowballing its cap-and-trade tax estimates. Its stated goal is to reduce emissions 14% below 2005 levels by 2020, which assuming that four-fifths of emissions are covered (excluding agriculture, for instance), works out to about $13 or $14 per ton of CO2. When CBO scored a similar bill last year, it expected prices to start at $23 and rise to $44 by 2018. CBO also projected the total value of the allowances at $902 billion over the first decade, which is some $256 billion more than the Administration's estimate.

We asked the White House budget office for the assumptions behind its revenue estimates, but a spokesman said the Administration doesn't have a formal proposal and will work with Congress and "stakeholders" to shape one. We were also pointed to recent comments by Mr. Orszag that he was "sure there will be enough there to finance the things that we have identified" and maybe "additional money" too. In other words, Mr. Obama expects a much larger tax increase than even he is willing to admit.

Those "stakeholders" are going to need some very large bribes, starting with the regions that stand to lose the most. Led by Michigan's Debbie Stabenow, 15 Senate Democrats have already formed a "gang" demanding that "consumers and workers in all regions of the U.S. are protected from undue hardship." In practice, this would mean corporate welfare for carbon-heavy businesses.

And of course Congress is its own "stakeholder." An economy-wide tax under the cover of saving the environment is the best political moneymaker since the income tax. Obama officials are already telling the press, sotto voce, that climate revenues might fund universal health care and other new social spending. No doubt they would, and when they did Mr. Obama's cap-and-trade rebates would become even smaller.

Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class.
 

Dreammaker

Seasoned Expediter
Quote: "And of course Congress is its own "stakeholder." An economy-wide tax under the cover of saving the environment is the best political moneymaker since the income tax. Obama officials are already telling the press, sotto voce, that climate revenues might fund universal health care and other new social spending. No doubt they would, and when they did Mr. Obama's cap-and-trade rebates would become even smaller.

Cap and trade, in other words, is a scheme to redistribute income and wealth -- but in a very curious way. It takes from the working class and gives to the affluent; takes from Miami, Ohio, and gives to Miami, Florida; and takes from an industrial America that is already struggling and gives to rich Silicon Valley and Wall Street "green tech" investors who know how to leverage the political class."

The Wall Street Journal article pretty well sums it up. Particularly these last two paragraphs. I just read an article about Australia's government having the same conversation. Seems as if they are coming to their senses, as written about in this article:

Could Australia Blow Apart the Great Global Warming Scare?
By Robert Tracinski and Tom Minchin

As the US Congress considers the Waxman-Markey cap-and-trade bill, the Australian Senate is on the verge of rejecting its own version of cap-and-trade. The story of this legislation's collapse offers advance notice for what might happen to similar legislation in the US—and to the whole global warming hysteria.

Since the Australian government first introduced its Emission Trading Scheme (ETS) legislation—the Australian version of cap-and-trade energy rationing—there has been a sharp shift in public opinion and political momentum against the global warming crusade. This is a story that offers hope to defenders of industrial civilization—and a warning to American environmentalists that the climate change they should be afraid of just might be a shift in the intellectual climate.

An April 29 article in The Australian described the general trend—and its leading cause.

There is rising recognition that introduction of a carbon tax under the guise of "cap and trade" will be personally costly, economically disruptive to society and tend to shift classes of jobs offshore. Moreover, despite rising carbon dioxide concentrations, global warming seems to have taken a holiday….

With public perceptions changing so dramatically and quickly it is little wonder Ian Plimer's latest book, Heaven and Earth, Global Warming: The Missing Science, has been received with such enthusiasm and is into its third print run in as many weeks. [It's now up to the fifth printing.]

The public is receptive to an exposé of the many mythologies and false claims associated with anthropogenic global warming and are welcoming an authoritative description of planet Earth and its ever-changing climate in readable language.

One of the most remarkable changes occurred on April 13, when leading global warming hysteric Paul Sheehan—who writes for the main Sydney newspaper, the Sydney Morning Herald, which has done as much to hype the threat of global warming as any Australian newspaper—reviewed Plimer's book and admitted he was taken aback. He describes Plimer, correctly, as "one of Australia's foremost Earth scientists," and praised the book as "brilliantly argued" and "the product of 40 years' research and breadth of scholarship."

What does Plimer's book say? Here is Sheehan's summary:

Much of what we have read about climate change, [Plimer] argues, is rubbish, especially the computer modeling on which much current scientific opinion is based, which he describes as "primitive."…

The Earth's climate is driven by the receipt and redistribution of solar energy. Despite this crucial relationship, the sun tends to be brushed aside as the most important driver of climate. Calculations on supercomputers are primitive compared with the complex dynamism of the Earth's climate and ignore the crucial relationship between climate and solar energy.

To reduce modern climate change to one variable, CO2, or a small proportion of one variable—human-induced CO2—is not science. To try to predict the future based on just one variable (CO2) in extraordinarily complex natural systems is folly.

In response, this is Sheehan's conclusion: "Heaven and Earth is an evidence-based attack on conformity and orthodoxy, including my own, and a reminder to respect informed dissent and beware of ideology subverting evidence." This cannot be interpreted as anything but a capitulation. It cedes to the global warming rejectionists the high ground of being "evidence-based," and it accepts the characterization of the global warming promoters as dogmatic conformists.

The political impact has been manifested in a series of climb-downs as Prime Minister Kevin Rudd's government has been forced to delay its plans for cap-and-trade controls. On May 4, the government announced it would postpone the onset of the scheme until mid-2011, a year later than originally planned.

On June 4, this delayed emission trading scheme passed the House of Representatives despite a vote against it by the opposition. But it now faces almost certain defeat in the Australian Senate. Whereas the Labor government controls 32 votes in the Senate, the opposition Liberal-National coalition controls 37 and is committed to vote against it if the Rudd government will not grant more time to consider the outcome of the Copenhagen climate conference in December and US Senate deliberations. This itself is a compromise position, because many of the coalition parliamentarians now want to vote unconditionally against an ETS in any form.

There are 7 other votes in the Senate: five Greens who say the scheme doesn't go far enough but who could be induced to go along; one independent, Nick Xenophon, who has pledged to vote against the bill unless the government waits till after Copenhagen; and one other, Senator Steve Fielding of the Family First Party, who has decided to investigate the whole thing first hand. Fielding could turn out to be the single deciding vote.

His story is particularly interesting. Andrew Bolt, who has been leading the charge against the global warming hysteria for years, notes that Fielding's investigation "could blow apart the great global warming scare."

Fielding went to the US to assess the American evidence for global warming at close quarters. As Melbourne's Age reported on June 4:

Senator Fielding said he was impressed by some of the data presented at the [US Heartland Institute's] climate change skeptics' conference: namely that, although carbon emissions had increased in the last 10 years, global temperature had not.

He said scientists at the conference had advanced other explanations, such as the relationship between solar activity and solar energy hitting the Earth to explain climate change.

Fielding has issued a challenge to the Obama White House to rebut the data. It will be a novel experience for them, as Fielding is an engineer and has an Australian's disregard for self-important government officials. Here is how The Age described his challenge:

Senator Fielding emailed graphs that claim the globe had not warmed for a decade to Joseph Aldy, US President Barack Obama's special assistant on energy and the environment, after a meeting on Thursday…. Senator Fielding said he found that Dr. Aldy and other Obama administration officials were not interested in discussing the legitimacy of climate science.

Telling an Australian you're not interested in the legitimacy of your position is a red rag to a bull. So here is what Fielding concluded:

Until recently I, like most Australians, simply accepted without question the notion that global warming was a result of increased carbon emissions. However, after speaking to a cross-section of noted scientists, including Ian Plimer, a professor at the University of Adelaide and author of Heaven and Earth, I quickly began to understand that the science on this issue was by no means conclusive….

As a federal senator, I would be derelict in my duty to the Australian people if I did not even consider whether or not the scientific assumptions underpinning this debate were in fact correct.

What Fielding's questioning represents is just the tip of the kangaroo's tail. He speaks for a growing number of Australians who will no longer take green propaganda on trust.

And that's what makes Plimer so influential—not just his credibility as a scientist, but the righteous certainty with which he dismisses man-made global warming as an unscientific dogma. He writes: "The Emissions Trading Scheme legislation poises Australia to make the biggest economic decision in its history"—Australia generates 80% of its electricity from coal, which would essentially be outlawed—"yet there has been no scientific due diligence. There has never been a climate change debate in Australia. Only dogma."

Plimer is not a "skeptic," a term which would imply that he merely has a few doubts about the global warming claims. Instead, he rejects the whole myth outright, and this seems to have emboldened and liberated a great many Australians who were already chafing under global warming conformity. As Plimer puts it:

[T]here are a large number of punters [Australian for "customers" or "gamblers"—in this case, skeptical customers who may or may not buy what the government's selling] who object to being treated dismissively as stupid, who do not like being told what to think, who value independence, who resile from personal attacks and have life experiences very different from the urban environmental atheists attempting to impose a new fundamentalist religion. Green politics have taken the place of failed socialism and Western Christianity and impose fear, guilt, penance, and indulgences onto a society with little scientific literacy.

Australia is not that different from America. If a shift in public opinion against the global warming dogma can happen on one side of the earth, it can happen on the other—especially when the US edition of Plimer's book, scheduled for July 1, hits the stands.

His role, Plimer says, is to show "that the emperor has no clothes." After three decades of relentless global warming propaganda, it's about time.

Robert Tracinski writes daily commentary at TIADaily.com. He is the editor of The Intellectual Activist and TIADaily.com. Tom Minchin is a writer, researcher, and businessman in Melbourne, Australia.
 

Scuba

Veteran Expediter
Another reason to be glad that i am homeless.This will kill people living on a fixed income.
 

arkjarhead

Veteran Expediter
It's more than voting against someone. We've gotta get out there and rally around whoever is running against them. So many people vote based on name recognizition. These clowns that have been running are country down the crapper have a name people know. That is how they become carrer politicians. We have to vote, but there is so much more we have to do besides just that.
 

hdxpedx

Veteran Expediter
Fleet Owner
Business channel guest stated this will push gas to $1.70 gallon higher in time!! ACORN VOTERS-- look here!!
 

chefdennis

Veteran Expediter
I hope that you are all contacting your elected reps.....they are set to vote on this TODAY, later this evening , then they will LEAVE for their 4thof July vacation recess........let your reps know you will vote them out of office the next election if they vote for this........and as ark said, info others so that not just those with the most recognized name wins.....
 

layoutshooter

Veteran Expediter
Retired Expediter
HEY!! Nancy and hubby are MAKING money on this one!! Wonder why she is pushing sooo hard? Reports have her and hubby, she addimitted to it as well, investing somewhere between $50,000 and 150,000 in companies who's stock values are likely to rise if this bill passes. Can anyone say "conflict of interest"? Boy oh boy, if a Re-Bum-Li-Can did this can you IMAGINE the press??? No double standard here. :mad:
 

greg334

Veteran Expediter
Let's not forget the investment that ALGORE has in GE, they already seem to be the company who will control the trading of these credits.

CAN YOU SAY CORPORATISM?
 

layoutshooter

Veteran Expediter
Retired Expediter
Let's not forget the investment that ALGORE has in GE, they already seem to be the company who will control the trading of these credits.

CAN YOU SAY CORPORATISM?

I thought that the Dumb-O-Crats were out to KILL the "Culture of Corruption"? Is it possible that they just MIGHT have been fibbing? :D
 

Poorboy

Expert Expediter
Back Years ago when they were Talking about Making Pelosi the Speaker, My Mother (Rest in Peace) who was a Very,Very Strong Democrat made a Statement that Kind of Floored me Becuse she would Never say Anything against the Democratic Party No Matter What, And it was That if Pelosi gets that Post then she would Ruin the United States, Guess Mom Was Right As Usual! Cuz Pelosi sure is Trying Real Hard to do that!! She and a Whole Lot of Others Needs To Go A.S.A.P.!!
 
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