Posted by
Bill Patchett on Sunday, June 28, 2009 7:38:54 PM
The House of Representatives has
now just passed the Waxman-Markey cap-and-trade carbon emissions control act.
If it passes the Senate, the bill’s pusher-in-chief (OBAMA) will sign it real
fast. I have not read the bill, so I should not put my two cents in. But then,
neither has any congressman read the now 1000-pages and more of this great amazing
thing. So why have they passed it. For this reason alone I want to put my two
cents worth in. The house has just passed a bill not knowing all of it and most
likely not even half of it. We are not to imagine things, but we are to believe
it is a good bill because we must trust the congressional assistants who wrote
it. If anything it is a demonstration to “the power of believing anything” and
the “Yes we can” dogma of Obama It is the eagerness to pass a bill that has not been
read, much less understood. The congress reminds me of the rats following the pied
piper, Obama is the piper and the congress is the rats. Most people will believe
anything and then later they will have to pay the price. The price will be more
taxes and a tight-ing of government controls. Doesn’t the government have
enough control over our lives?
There is one thing that is
certain: The cap-and-trade program will increase the cost of energy in the United
States. We are already paying through the nose for everything that we as a
consumer buy. It is for the most part a huge tax increase on businesses and
consumers, in the face of which, businesses will slow down to a crawl and
consumers (that’s you and me) will decrease our activity and buying. Things
will for sure get tighter. You think we are having hard times now just wait.
You are getting ready to see the economy really go bad, much worse than it is
now. It is a back door Trojan ( The governments sneaky way of doing things) were
the peoples taxes are increased dramatically and they do not even know it or
see it coming and we still will follow the pied piper who is OBAMA. Obama and congressional leaders say the bill
will create new “green” jobs. But increasing and raising the cost of doing business
does not stimulate employment in general. It is just the reverse, it hampers
it. This new bill will likely increase demands to build plants and factories
outside the United States and even the particular jobs created by such mandates
will come at the cost of other jobs. So what are we gaining except
higher taxes and more regulations.
If
you stop and think about it, this great bill so far, rests on a contrast between
today's darkening days and the darker days of the Great Depression, when the
Congress of that day and the president rushed through the Smoot-Hawley Tariff, thereby
digging the depression deeper, marching America into a scary,
institution-threatening poverty that only ended in the aftermath of World War
II. Back in 1930, general political wisdom had it that protectionism protected
the whole economy. There was little evidence for this. It was the outbreak of
world war two that really saved the economy. The bill that was passed back in
the 1930’s might have helped some people
but not the general Population. But protectionism did make believable sense on
the surface, like the cap and trade bill does today. And remember back in those
days, economists had not yet been bought off, like they are now, by the temptation
of power and the appeal of political status, so almost to a man, they opposed
the bill. The trouble today most economist are in the tank for they too are
following the pied piper. Obama and his new lookouts love to talk of “science”
as if the pronouncements of scientists are like prophecies and are totally protected
from political pressure and economic incentives. The fact that those scientists
and their projects are generally paid for with our tax dollars and tax-supported
research grants doesn’t faze today's political leaders. And yet how many of the
president's men, or the current Congress, would buy the science supported by
tobacco companies? How many would dilly-dally to dismiss the science paid for
by oil companies? The double standard regarding the wrong function of science
still leans to support those who like to do “great things and mighty” things in
government, ( you know like Obama and the yes we can speeches) leaning the
other way from those who move forward carefully concerning intrusive regulations,
rules, taxes, and prohibiting things they have been not proved as wrong or
dangerous. We have seen this in the 20th century. Think of all those economists
and experts in the field of economics who pretended they could direct the economy
and point it in the right direction. Now we may be witnessing it in the scientist
who have wanted, put forth, and pushed this bill that many call the
Waxman-Markey outrage. It is a outrage that is for sure.
The parallels here are
striking. They are similar and share many characteristics. Today's so called
leaders in economics and finance, until about nine months ago, confidently
thought they could predict the future and manage the economy and eject risk
with an detailed statistical collection. Not look what that got us, the
government or should I say Obama controls the banks, auto industries, soon
health care and many other things. At the rate things are going Obama and his
congress will control everything. This is the same thing with today's climate scientists who aim to copy the
long-term trends of the worldwide environment. They pretend they can predict
where the “tipping points” are, and tell us why, with an air of stimulating certainty.
How wrong they are and most Americans will agree with me. This global warming
thing was endorsed and promoted by the same man that said he invented the
internet. ( Al Gore ) Now that should tell you something. I can say this: the
global warming debate most likely made him a few million.
I
think that “global warming” may soon
become an worldwide embarrassment. And then we will witness a whole lot of so
called experts sneaking off to write their next research grant proposal in a
well-deserved shame and disgrace leaving us, the tax payor, with higher taxes
and funding their next project. The cap and trade bill when it fully kicks in
will ensure the American people a long, ugly life to our deepening depression.
( oh I’m sorry our recession )