Archive for the ‘cap-and-trade’ Category

Liberal Dream Agenda

March 28, 2009

Government-run health care, a cap-and-trade carbon tax, a vast array of personal and business tax increases, and government authority to seize financial institutions in addition to banks…..

By Fred Barnes
Weekly Standard

Once the House passed a 90 percent tax on AIG bonuses, a mad rush was on in the Senate. Majority Leader Harry Reid went to the Senate floor to propose a quick vote on similar legislation. A single senator could object, delaying a vote for weeks. But fear of siding with reviled AIG executives prevailed, and no senator stepped forward–until Republican whip Jon Kyl finally did. “I don’t believe Congress should rush to pass yet another piece of hastily crafted legislation in this very toxic atmosphere,” he said. “Therefore, I object.” A vote was put off, the AIG furor abated, and the tax on bonuses is now probably dead.

That was easy. A nervy act by a single senator stopped the scramble to punish AIG. That was two weeks ago. Last week, the decision by Republican senator Arlen Specter to oppose card check legislation was similarly decisive. He relegated that bill, designed to let labor organizers form unions without a secret ballot vote by workers, to the unlikely-to-pass bin. Senate Republicans had worked diligently to produce unanimous opposition to card check. But again, the act of one Republican senator was crucial.

So much for easy victories. Republicans now face the most important test of their opposition to liberal legislation since they blocked President Clinton’s health care scheme–HillaryCare–in 1994. This time the task is far greater and the number of Republican senators is fewer (41 now, 44 then). And the only hope is the Senate. House Republicans, lacking the power to filibuster, can’t help.

The iberal onslaught comes in four parts: government-run health care, a cap-and-trade carbon tax, a vast array of personal and business tax increases, and government authority to seize financial institutions in addition to banks. This is the liberal dream agenda. If passed, it would do what conservatives fear most. It would make America more like Europe, with growing nanny statism and more reliance on government, considerably less on individuals. Let’s look at the four.

Health care. President Obama is fond of saying his plan allows people to choose between the health insurance they get through their employer and a government program currently limited to federal workers. Sounds wonderful, doesn’t it? It’s not. Rather, it’s the path to a single-payer health care system–the kind Obama has said he prefers but isn’t actually proposing.

His program would have the distinct advantage of not having to make a profit. So it would always be able to offer greater benefits at lower cost (with taxpayers taking up the slack when it lost money). Businesses would have….

Read the rest:

Read the rest:
 U.N. ‘Climate Change’ Plan Would Likely Shift Trillions to Form New World Economy

Sen. Bill Nelson on Obama Budget: Need to ‘Rework This Whole Thing’

March 24, 2009

Sen. Bill Nelson, a member of the Senate Budget Committee, said the Obama budget will have to be revised in light of the latest Congressional Budget Office projections.

By Mary Lu Carnevale
The Wall Street Journal

The Florida Democrat said in an interview on Fox News Channel this morning that “we’re going to have to go back and rework this whole thing, and that’s going to be done this week in the Budget Committee.” He later added that “Kent Conrad, our chairman of the Budget Committee, is definitely going to have to be Merlin.” CBO numbers released Friday show federal deficits over the next decade will exceed President Barack Obama’s projections by $2.3 trillion.

Conrad, a North Dakota Democrat, had warned on Friday that cuts would be forthcoming. “The reality is, we are going to have to make adjustments to the president’s budget if we want to keep the deficit on a downward trajectory,” he said.

So where does Nelson say the money is coming from? “You have to finagle with the numbers,” he said. “You want to keep on the three main themes of the president, which is the environment, health and education.”

Pressed for specifics, Nelson said: “Well, you’re going to have to redo health care so that some of its upfront costs are less, so that you bring down the cost over the 10-year period. Likewise, you’re going to have to speed up the revenues coming in from such things as possibly a cigarette tax, possibly — as the cap-and-trade — going into climate control.”

Getting cap-and-trade legislation – opponents call it “cap and tax” — and a higher cigarette tax through Congress, however, might require more than one Merlin.

Obamagasm Media: Start Asking Questions; The Budget Is Full of Them

March 23, 2009

There are so many great questions to ask the president of the United States that our cup runs over.

Did anyone in Iran see the New Year Greeting from President Obama?  What did they think?  A great follow-up would be, since we knew the Iranian government’s response before the message was made, what was the point?

The budget begs 10,000 questions, including this from Senator Jim Inhofe (R-Okla.), Ranking Member of the Senate Environment and Public Works Committee, today:

“The Administration’s decision to include cap and trade—and the revenues generated by it—in the budget forces my colleagues here in the Senate to no longer hide the ball… It allows us to have an honest debate about the costs of a program of this magnitude on the American people—not to mention the enormous redistribution of wealth for pet projects and programs under the umbrella of ‘clean energy.’ To put it simply, they are realizing that cap and trade is a regressive energy tax that hits the Midwest and the South harder than the East or West Coasts.”

And how can cap and trade work between the U.S. and China?  The Chinese are already saying, their factories make stuff for U.S. shoopers so their carbon is our carbon, right?

And since China owns most of the U.S. debt (and we want them to buy more) don’t they call the tunes these days?

And, oh by the way, what are the president’s latest thoughts on immigration reform.  An answer in English or Spanish would be fine, since the non-Spanish speaking immigrants know their process because they go through a process…..

Obama Believers Thought They’d Hear More On Immigration By Now

Teleprompter White House: Packaged People, Messages

See Michelle Malkin:

Obama climate plan could cost $2 trillion

March 18, 2009

President Obama’s climate plan could cost industry close to $2 trillion, nearly three times the White House’s initial estimate of the so-called “cap-and-trade” legislation, according to Senate staffers who were briefed by the White House.

The Washington Post

A top economic aide to Mr. Obama told a group of Senate staffers last month that the president’s climate-change plan would surely raise more than the $646 billion over eight years the White House had estimated publicly, according to multiple a number of staffers who attended the briefing Feb. 26.

“We all looked at each other like, ‘Wow, that’s a big number,'” said a top Republican staffer who attended the meeting along with between 50 and 60 other Democratic and Republican congressional aides.

The plan seeks to reduce pollution by setting a limit on carbon emissions and allowing businesses and groups to buy allowances, although exact details have not been released.

At the meeting, Jason Furman, a top Obama staffer, estimated that the president’s cap-and-trade program could cost up to three times as much as the administration’s early estimate of $646 billion over eight years. A study of an earlier cap-and-trade bill co-sponsored by Mr. Obama when he was a senator estimated the cost could top $366 billion a year by 2015.

A White House official did not confirm the large estimate, saying only that Obama aides previously had noted that the $646 billion estimate was “conservative.”

“Any revenues in excess of the estimate would be rebated to vulnerable consumers, communities and businesses,” the official said.

The Obama administration has proposed using the majority of the money generated from a cap-and-trade plan to pay for its middle-class tax cuts, while using about $120 billion to invest in renewable-energy projects.

Mr. Obama and congressional Democratic leaders have made passing a climate-change bill a top priority. But Republican leaders and moderate to conservative Democrats have cautioned against levying increased fees on businesses while the economy is still faltering.

Read the rest: