 merrie says: Cap & Trade: Political Alchemy, Economy Buster & Disaster for Poor These increased costs will include the heating and cooling of individual American households and an even greater expense will be incurred by businesses. Again, those who will suffer most from Cap & Trade legislation will be the American public. There will be higher expenses at the grocery store, at appliance dealers, hair salons, auto repair shops...it goes on and on. Every business in the United States will see its costs go up significantly, resulting in grossly accelerated inflation, a loss of thousands of jobs in the energy industry alone and other untold millions of Americans will suffer a direct financial impact because of Obama's misguided Cap & Trade legislation. THE REALITIES OF CAP & TRADE UNTESTED Perhaps the greatest misnomer regarding Cap & Trade is the idea America will quickly shift from the use of fossil fuels--like coal, natural gas and fuel oil-- ---- to alternative energy sources, including wind, thermal and solar power. Here again this is either wishful thinking on the part of radicals who are trying to take control of future government policies regarding energy or, as many believe, a diabolical plot to help redistribute America wealth–which is totally consistent with Obama’s admitted political agenda which he alluded to prior to his election. However, many Democrats themselves are also having questions about such radical political agendas, including Obama’s plan to nationalize health care. IMPACT ON MIDDLE-CLASS AMERICANS & THE POOR Obviously, a yearly increase of $1,500 to $3,000 per household, will have the greatest impact... |
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