Worst Decision Ever – cap and trade debacle
Posted by rightwinger on November 18, 2008
I keep hearing economic junk coming out of president elect Obama and his camp.
1. He wants to raise taxes during a world wide recession. First of all he was asked in his first press conference whether he would still raise taxes on the top 5% of individuals. Obama gave a campaign slogan ” I will give a net 95% tax cut.” We all know this is inaccurate because 40% of Americans don’t pay taxes. I digress. We are in a world wide recession. If we raise any taxes it will be bad for the economy. The same thing happened with Herbert Hoover. He raised taxes and caused the Great Depression.
2. Obama wants to do a huge stimulus plan. This is a big mistake. We need to cut taxes. The British Prime Minister recently called for all industrial nations to cut all taxes. Now Obama says we are going to lead the world in Global Warming taxes called cap and trade. I ask you can this economy rebound under all these taxes?
3. No new energy just “green” energy. Add to it the fact that we are not going to drill for oil, natural gas, or coal. We aren’t even going to build any new nuclear power plants. Essentially on top of all the new taxes Obama has in store for us, energy is going to go up based on lack of supply and these outrageous taxes from cap and trade. We are headed for an Obama depression plain and simple. Read up on the great the depression and you will see we are following in Herbert Hoover and Roosevelt’s footsteps which equals a great depression.
Calling climate change an urgent challenge, President-elect Barack Obama promised Tuesday that Washington would take a leading role in combating it in the United States and throughout the world.”My presidency will mark a new chapter in America’s leadership on climate change,” Obama said in a video message to governors and others attending a Los Angeles summit on the issue.
In the roughly four-minute message, Obama reiterated his support for a cap-and-trade system approach to cutting green house gases. He would establish annual targets to reduce emissions to their 1990 levels by 2020 and reduce them another 80 percent by 2050. Obama also promoted anew his proposal to invest $15 billion each year to support private sector efforts toward clean energy.