03-18-2009, 04:04 PM
I'm kind of a big deal
Join Date: Jan 2009
Location: San Antonio, TX
Only 8 Senate Democrats openly oppose Obama's climate trick
Only 8 of 53 Democrats openly oppose Obama's Cap & Trade policy, how sad.
Eight Senate Democrats are opposing speedy action on President Barack Obama’s bill to combat global warming, complicating prospects for the legislation and creating problems for their party’s leaders.
The eight Democrats disapprove of using the annual budget debate to pass Obama’s “cap and trade” bill to fight greenhouse gas emissions, a measure that divides lawmakers, environmentalists and businesses. The lawmakers’ opposition makes it more difficult for Democratic leaders to move the bill without a threat of a Republican filibuster.
The budget debate is the only way to circumvent Senate rules that allow a unified GOP to stop a bill through filibusters.
“Enactment of a cap-and-trade regime is likely to influence nearly every feature of the U.S. economy,” wrote the Democratic senators, mostly moderates. They were joined by 25 Republicans. “Legislation so far-reaching should be fully vetted and given appropriate time for debate.”
It takes 60 votes to overcome a filibuster in the Senate, but Democrats and allied independents currently control 58 seats…
The Democrats who signed the letter, addressed to the chairman and top Republican on the Senate Budget Committee, were: Robert Byrd, W.Va.; Blanche Lincoln, Ark.; Mary Landrieu, La.; Carl Levin, Mich.; Evan Bayh, Ind.; Ben Nelson, Neb.; Bob Casey Jr., Pa.; and Mark Pryor, Ark.
The 25 Republicans were led by Sen. Mike Johanns of Nebraska.
E-mail your support to at last one of the following Democrat Senators who are standing against the Obama Climate Railroad:
Sen. Robert Byrd, W.Va.
Sen. Blanche Lincoln, Ark.
Sen. Mary Landrieu, La.
Sen. Carl Levin, Mich.
Sen. Evan Bayh, Ind.
Sen. Ben Nelson, Neb.
Sen. Bob Casey Jr., Pa.
Sen. Mark Pryor, Ark.
What will cap-and-trade cost you?
What Obama's Cap-And-Trade Plan Will Cost You
March 03, 2009 08:07 AM ET | James Pethokoukis | Permanent Link | Print
A study from the George C. Marshall Institute tries to quantify the costs of a cap-and-trade plan to reduce carbon emissions. They're not small, to say the least: And although this study uses 2008 as a baseline, the Obama plan would hit in 2012 and could come in combo with a hike in investment and incomes taxes for wealthier Americans and the creation of a special healthcare tax:
The authors find that the constraints posed by the Lieberman-Warner cap-and-trade approach is equivalent to a constant (in percentage terms) consumption decrease of about 1% each year, continuing to 2050. Put another way, the cap-and-trade approach is the equivalent of a permanent tax increase for the average American household, which was estimated to be $1,100 in 2008, would rise to $1,437 by 2015, to $1,979 in 2030, and $2,979 in 2050.
Reviewing a host of recent studies, Buckley and Mityakov show that estimates of job losses attributable to cap-and-trade range in the hundreds of thousands. The price for energy paid by the American consumer also will rise. The studies reviewed showed electricity prices jumping 5-15% by 2015, natural gas prices up 12-50% by 2015, and gasoline prices up 9-145% by 2015. As an illustration, gasoline would suffer a 16 cent price increase per gallon at the low end of the estimates to a $2.58 penalty at the high end (using the January 2009 reported retail price of $1.78 per gallon).
Thank you for electing this great man!
Last edited by rockdawg21; 03-18-2009 at 04:11 PM.