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The Obama And The Damage Done

I warned earlier today that the damage to our country from the Democrats would be downright staggering. Robert Zubrin, writing in Roll Call today [1], makes the point there, amply:

robertzurban1 [2]

Robert Zubrin

The United States emits about 9 billion tons of CO2 per year. Therefore, at a rate of $15/ton fee for emission indulgences, the bill would impose a tax of $135 billion per year on the nation. Divided by the U.S. population of 300 million, that works out to a cost of $450 per year levied on every American man, woman or child, or $1,800 for a family of four. While for wealthy individuals like Al Gore such an impost might represent a mere pittance, for working families struggling hard to make ends meet it would be a very significant burden.

But that is not even the worst part of it. As a result of the markup of carbon costs, a lot of those working families will be out of work and unable to pay their existing bills, let alone new ones. Consider: Burning one ton of coal produces about three tons of CO2. So a tax of $15 per ton of CO2 emitted is equivalent to a tax of $45/ton on coal. The price of Eastern anthracite coal runs in the neighborhood of $45/ton, so under the proposed system, such coal would be taxed at a rate of about 100 percent. The price of Western bituminous coal is currently about $12/ton. This coal would therefore be taxed at a rate of almost 400 percent. Coal provides half of America’s electricity, so such extraordinary imposts could easily double the electric bills paid by consumers and businesses across half the nation. In addition, many businesses, such as the metals and chemical industries, use a great deal of coal directly. By doubling or potentially even quadrupling the cost of their most basic feedstock, the cap-and-trade system’s indulgence fees could make many such businesses uncompetitive and ultimately throw millions of working men and women onto the unemployment lines.

Now, understand…. This is merely one aspect… one nasty consequence, of this monster being foisted off on the American people as a “Jobs Bill”. This is going to help our economy how, again?

Keep in mind also, the science of ‘global warming’ which is the boogieman we’re supposedly fighting here, is far from settled. The evidence, in fact is overwhelming that man made global warming is a SHAM. So not only are we killing off our economy, we’re doing it when the stated reason is a flat out lie.

The more I watch these Democrats operate the more I’m convinced they’re about killing off our economy.

 Think that’s too much?

Think I’m overstating the case?

Well, you tell me…. how do you read quadrupling our national debt for programs that demonstrably have not worked, and forcing us into economy killing ‘green’ legislation to solve problems that don’t exist, while openly supporting leftist despots around the world?