Declaring War on the American Economy »
Posted By populist 6 months, 1 week ago in Political OpinionGood advice from a very wise man who did this country many a good service. Too bad Thomas Jefferson didn’t take it. Nor, alas, will his present-day successor if he gets a chance to sign this utterly misbegotten bill.
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populist
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simonsez6 months, 1 week ago
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There is no question that Obama is at war with the economy. He continues to place road block after road block in front of a recovery, heaping additional costs on everything we do.
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Many companies will be forced off-shore to remain competitive. -
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Klarissa6 months, 1 week ago
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"And as Kim Strassel pointed out yesterday in the Wall Street Journal, the so-called science behind this massive bill is looking increasingly shaky.
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If it’s enacted in its present form, what the cap-and-trade bill will certainly do is
1) Massively increase federal power not only over the economy but over daily life as well. Building codes have always been the province of the states, but this bill, according to one blogger, would require federally mandated energy audits before you could change a window in your home and specifies the number and location of electrical outlets to be permitted;
2) Start a trade war with India and China by slapping tariffs on goods from countries that don’t conform to US standards on carbon emissions;
3) Act like the governor on a steam engine, increasingly slowing down the economy through energy taxes whenever the economy accelerates.
In other words, its virtually guarantees economic stagnation at best. And most economists who are not working for liberals think it will be far more economically pernicious than that."
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