Tuesday, June 8, 2010

Cap and Trade: A Guest Blogger


I would like to present for your approbation a speech given last year by Mr. Joe Vickers, a tea-party activist in Louisiana on Cap-and-Trade:

I want to thank everyone here today at the Shreveport Bossier July 4th Tea Party for attending and showing your support for the Christian Conservative Movement known as the Tea Party. We are neither Republicans nor Democrats, but concerned citizens worried about our future and the future of our children and their children.

I hope to enlighten each of you with a few basic facts regarding the latest attempt by the Obama Administration to bring you the largest tax increase in the history of the U.S. under the misguided assumption that we alone, will cure the world of climate change. At least, this is what we are led to believe.

This newest boondoggle brought to you by our dear leader was originally known as the Cap and Trade bill or the Waxman-Markey bill. The name was changed recently due to bad press and is now entitled the American Clean Energy and Security Act of 2009. It has the same ugly result that the original bill would have brought us, and is, in all practical effects, another scheme for the redistribution of wealth from our nation to under-developed nations of the world.

Interestingly enough, we are the only nation willing to bind ourselves to this hugely onerous destruction of capital and jobs...which brings me to my first quote of Thomas Jefferson speaking to Edward Carrington in 1787:
"If once [the people] become inattentive to the public affairs, you and I, and Congress and Assemblies, Judges and Governors, shall all become wolves. It seems to be the law of our general nature, in spite of individual exceptions”.

Last week, by a slim margin - 219 to 212 - the U.S. House of Representatives passed the so-called Cap and Trade Bill. This bill, now headed to the U.S. Senate for final action, is designed to “cap” greenhouse emissions and restrict “trade” with those nations that fail to meet certain standards in controlling those emissions. The overall goal for capping emissions is an 80% reduction in the release of Carbon dioxide, or CO2.

What is the pollutant known as CO2? It is more commonly known as the air we breathe or more specifically, the air we exhale. Trees and plants thrive on CO2, the air they breathe, and when they exhale, they create Oxygen. We as humans breathe oxygen and exhale CO2. CO2 is not a pollutant. It is a giver of life, just as Oxygen is. Without CO2, plant life would die. Without plant life, we could not exist. This is a very basic concept for us as citizens to understand. Why is it so hard for Congress and our President? Are they that stupid? Well, I guess they answered our question last week.

During the recent presidential campaign, this quote by Barack Obama was released, speaking on cap-and-trade: "Under my plan of a cap and trade system, electricity rates would necessarily skyrocket"--this coming from a man who belongs to the party who supposedly cares about the little person....which leads to my second quote by Thomas Jefferson:
"The human character, we believe, requires in general constant and immediate control to prevent its being biased from right by the seductions of self-love."

The American Clean Energy and Security Act of 2009, is a 1,400-page document consisting of a cap-and-trade program for greenhouse gas emissions, a federal renewable electricity mandate, and a suite of new mandatory energy efficiency standards; it will impose 397 new federal regulations and 1060 new mandates on an American public already overwhelmed by extensive federal regulation.

This bill is very restrictive to one of our most reliable methods of electrical production, coal fired power plants. By design, our electric companies can continue to produce power with coal; however, the environmental restrictions will be very expensive, as well as nonsensical in nature. Our electric utility will be forced to purchase “carbon credits” offshore to offset the released carbon derived from the burning of coal. This is very simply a push to take our money and send it overseas. In essence, the electric utility will pay for carbon credits that will allow them to continue to operate coal fired power plants in this manner. For example; a farmer in Bolivia or any country wishes to cut down trees or clear land for farming. Our utility will pay the farmer or his government to “not” cut down the trees and to leave them standing so the trees will capture the carbon released by our electric utility. Does this make sense yet? Who is going to check on the farmer later and ensure those trees are standing? I guess we’ll have to get a Carbon Czar for that job.
This 1,400 page bill is just the latest in our nation's attempt to fix a problem that no one knows for sure can be fixed, and even whether or not it is a problem. Our illustrious leaders and environmentalists have hammered the public with tales of the planet burning up from too much heat due to carbon released by gasoline and coal fired electric plants. Scientific studies have indicated the temperature of the earth was 3 degrees warmer during the Middle Ages, which led to much exploration and expansion of the population across the globe. Greenland was named by the Norse because of its lack of ice at the time of discovery and was colonized extensively in the early Middle Ages. The global temperature was recently announced as being as much as 6 degrees warmer at the time of the building of the Great Pyramids. In between these cycles of warmth, there were intense cooling cycles that varied as much as 5 degrees cooler than present day temperatures. Even recently, in the 1980’s, the press and scientists kept screaming about the coming Ice Age.

A goal of the Clean Energy Act, is to make it expensive to use fuel that emits greenhouse gases in order "to encourage people to make substitutions." The choices that industries, individuals and the government make will determine the cost of the policies. The target of carbon offset from this bill is 80% between 2010 and 2100 and it will have little or no effect on the supposed global warming crisis--Yes, the one we’ve all heard of for the last 10 years, and also the global warming crisis that has recently been signed off on by over 700 scientists and presented to Congress as “not a global warming event, but in fact what is occurring is global cooling.”

...The bottom line is that a reduction of U.S. greenhouse gas emissions of greater than 80%, as envisioned in the Waxman-Markey climate bill will only produce a global temperature 'savings' during the next 50 years of about ½ degree.

I would like to point out what a miserable embarrassment the passing of the bill will be in so many ways, besides the obvious fact that it is a job-killer and a burden for families; all in the name of reversing 'global warming' or 'climate change'. China and India, the world’s largest polluters, will not participate in the Clean Energy Act, and will instead end up being the recipient of many of our manufacturing jobs, and quite a bit of our money. Again, the redistribution of wealth from our society to under-developed countries.

According to the Congressional Budget Office, there will be a net loss of an estimated 800,000 jobs to possibly as much as 2,000,000 jobs. Haven’t we lost enough already? Isn’t 10% unemployment too much already?

But in defense of the job losses, the Obama administration claims this will lead to the creation of a new class of environmentally friendly jobs to take the place of those lost. The CBO estimates 0.5% (1/2 of 1%) annual job growth in this sector will occur in Green Technologies. In plain English, which by the way, is our national language; this means it will take 200 years to replace the jobs lost!

How does this affect us, as average citizens? The effects of the Clean Energy ACT will be fairly quick once implemented. According to the Congressional Budget Office, which often under –estimates by as much as 70% or more, concluded the following will occur:

---Gasoline for autos, and diesel and fuel oil, will increase at minimum 74%
---Utilities such as water, butane, electricity will increase 90%
---Food costs will skyrocket
---Your local government will run short on budgeted expenses, thereby looking for additional revenue in the form of more taxes.
---Local businesses will increase prices to offset increased operational costs
---If you have oil or gas revenues from investments or mineral rights, expect to see a decrease in revenues as consumption drops significantly. Remember, the price increases go overseas to other governments, not to our citizens.

Your electric bill will go up an average of $3160 per year per household.

How this affects you is really very simple and here are some very easy points to remember:

Once implemented the cost of a gallon of gas will probably escalate rapidly to $4.68 a gallon, diesel will probably hit $5.00 a gallon.

Your electric bill will go up an average of $263 per month. If your electric bill is currently averaging $120 per month, your new monthly bill will be $383 per month. Likewise, if you’re using $200 per month, you will be paying $463 per month. The unfairness is that, again; this is a redistribution of wealth. You are paying higher costs for carbon offset, a non proven pollutant.

Obviously this effort is being led by environmentalists who wish to hold our way of life captive and enact control over our very existence as a society. I hope I have enlightened each of you with a few basic facts regarding this latest attempt to destroy our liberty and our pursuit of happiness by the Obama Administration in their efforts to bring you the largest tax increase in the history of the U.S

With that, I will leave you with a few quotes from George Washington,
#1. I shall not be deprived ... of a comfort in the worst event, if I retain a consciousness of having acted to the best of my judgment.
#2. Discipline is the soul of an army. It makes small numbers formidable; procures success to the weak and esteem to all
#3. To contract new debts is not the way to pay old ones.
And finally, Let me leave you with a quote from another Great American, John Wayne: "Life is tough... It’s even tougher if you’re stupid."

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