Cap and Trade and Trusting Congress (Mistake)
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300 pages bob etheridge cap and trade corruption Democrats Liberals ObamaThe main reason I selected this video is because I think it represents most voters’ total ignorance as to what Cap and Trade really is and the 310 pages put into the bill at the last moment (at 3am)… something nobody had a chance to read before voting.
The Washington Times provides just one such example:
When House Democratic leaders were rounding up votes Friday for the massive climate-change bill, they paid special attention to their colleagues from Ohio who remained stubbornly undecided.
They finally secured the vote of one Ohioan, veteran Democratic Rep. Marcy Kaptur of Toledo, the old-fashioned way. They gave her what she wanted – a new federal power authority, similar to Washington state’s Bonneville Power Administration, stocked with up to $3.5 billion in taxpayer money available for lending to renewable energy and economic development projects in Ohio and other Midwestern states.
House Energy and Commerce Chairman Henry A. Waxman, California Democrat, included the Kaptur project in a 310-page amendment to the legislation unveiled at 3 a.m. Friday, just hours before the bill was to be debated on the House floor. The amendment was packed with other vote-getting provisions, both large and small, that had been sought by dozens of wavering Democrats.
“When she saw this coming down the pike, she saw an opportunity to attach something she’s kicked around for a long time,” Mr. Fought said. The inclusion of the program in the legislation, he added, “made it possible for her to entertain voting for the bill.”
Democrats think nothing of critisizing Republicans for wasteful spending… this is only one piece of pork in a 310 page addition!
That’s our money being wasted!
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12:16 PM
On this one I am going to completely disagree. This video shows a bunch of clueless people who don’t know much about Cap-and-Trade, know nothing of the 320 pages the Democrats snuck into the bill, and have no understanding of the economic consequences of passing that turkey. Most Americans have no idea what Cap-and-Trade is. Is this video just two people? Of course but I believe it illustrates a much larger point which is why I posted it.
Check it out people have no idea what it is:
http://www.rasmussenreports.com/public_content/politics/environment/congress_pushes_cap_and_trade_but_just_24_know_what_it_is
And if you dig around more you’ll see similar results from other sources.
12:33 PM
I would argue that most member of Congress have no idea of what cap and trade is. When we’re dealing with people as stupid as most members of Congress and the people in this video, I don’t see what the problem is with using scare tactics.
.-= burro´s last blog ..Cigarette Butts Between the Cobblestones =-.
12:41 PM
What I find most disgusting is the pattern of Obama pushing through this type of stuff using scare tactics of his own (something he castigated Bush for doing with the “war on terror” which no longer exists) and almost every senator or representative who has to vote on it not having read any of the text.
5:48 PM
Let me get this straight, this is a power authority for $3.5 billion to lend taxpayer money to energy renewal and economic development projects in Ohio and other states. Unless I’m mistaken, that means this money will be a loan and will be paid back. Where is the pork?
.-= Bob´s last blog ..Another Unhappy Republican =-.
6:22 PM
Yeah which will mean a few hundred million in interest not to mention this is but one example out of 320 pages which could mean who knows how many other “loans.” Where do you think that money will come from? Your children’s future. It is not “free money” but rather pork driven politics.
For example, Obama’s $787 billion “stimulus” totals out to $1.24 trillion once the interest is factored in.
And lets look at why this “loan” is needed to begin with… because Cap and Trade will do great economic harm and this is to offset some of that damage. So why take the money away with taxes only to repay it with loans that have to be paid back? Doesn’t that sound stupid to you?
8:44 PM
Since alternative energy isn’t profitable, how will this power authority generate enough wealth to pay the money and the interest back? The answer to this question is the definition of a ponzi scheme.
.-= burro´s last blog ..Cigarette Butts Between the Cobblestones =-.
10:28 AM
Who says alternative energy isn’t profitable? Natural gas, solar power, wind power are all profitable. Also the jobs these loans will create will result more taxmoney going back to the government. Also, it wasn’t stated if these will be interest free loans or low interest loans. Assuming they are low interest loans, the government should be repaid in full plus any interest. Creating alternative energy and more jobs never sounds stupid.
10:33 AM
Who says? Economists, The Denver Museum of Science, the government (why offer tax credits and subsidies otherwise), and the experiences of countries that pour tons of money into it like Spain.
You will create “green” jobs but destroy 3 or 4 traditional ones for every one you replace them with.
The government never gets “free” interest loans… no such thing.