Cap all growth, tax the poor
Today, House members may be frog-marched into their congressional chamber by Democrat Party perfumed princess Nancy Pelosi to render their unqualified votes on the American Clean Energy And Security Act of 2009.
The so-called Cap and Trade Energy Bill (or Waxman-Markey Bill) is 1,201 pages in length and most House members have not even read the damnable thing -- they were not given enough time.
Why the rush? Ahem. The House must pass their version before the American people learn all of the details.
The bill wasn't even developed in open committee, so no one -- including all members of Congress not on the Energy Committee -- knows how the bill was created, what it will mandate, or how much it will harm an already devastated economy.
Peruse the ACES bill and see why your congressional representative will be clueless when he or she votes (caution: extremely large document).
But what else would you expect from statists who actually agree with the classification of carbon dioxide as a pollutant? Madness.
Any House member who goes along with this outrage is voting for the biggest tax in American history.
Economic pain
Democrats are forcing a quickie vote, using for cover a Congressional Budget Office (CBO) report that projects the adverse economic impacts of ACES to be tolerable. But a judicious analysis of the CBO report reveals a more alarming forecast.
The skullduggery behind Democrat Representative Henry Waxman's
tax orgy is to raise the price of electricity and gas so high that Americans will be forced to use less. These higher prices will show up not just in electricity bills or at the gas station but in every manufactured good, from food to clothing to cars.
Virtually every aspect of American life, from essential to recreational, will cost more -- much more. But this should pose no additional burden on Americans who are enjoying a booming economy, full employment, and plenty of disposable income -- should it?
This will devastate our GDP. Consumers will cut back on spending, which in turn will cut back on production, some companies will move operations overseas, which results in fewer jobs created -- and higher unemployment.
All suffer, the poor most of all
Even Obama's home town bird cage liner, The Chicago Tribune, noted that "If anyone in Congress tells you that he has read and completely understands this bill, and can explain exactly how the system to reduce carbon emissions would work and what its effects would be, he's lying."
Democrats have conceded that their ACES bill will cause energy prices to skyrocket. Unfortunately, this will not be uniform across America; The economies of certain regions will be more severely hit than others.
But what of the poor?
Low-income Americans, who devote more of their disposable income to energy than do affluent Americans, have more to lose. A classical regressive tax such as the Democrat Party's ACES imposes a greater burden on the poor than on the rich.
Still think you're represented in Washington? I'll ask again after another two million American jobs are lost thanks to this statist mockery.
Hype and Chains.