Cap And Trade: Obama Lied..AGAIN.

[Smiling Assassin27]

This is why Americans do not trust this guy to come up with a good health care bill and why they do not trust him to even give them straight answers regarding the options on the table. Obama KNEW that the cost of Cap and Trade to American families would be higher than he had been telling us, but he chose to withhold that information before taking it to a vote in the House. Democrats and Obama worshippers, are you OK with doing business this way? Are you going to renounce this, or embrace it? The cost,and they knew this, would be 1% of GDP,ongoing. Can you say economic recovery killer?

Obama Admin: Cap And Trade Could Cost Families $1,761 A Year
Posted by Declan McCullagh .

(AP)The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

A second memorandum, which was prepared for Obama's transition team after the November election, says this about climate change policies: "Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation."

The documents (PDF) were obtained under the Freedom of Information Act by the free-market Competitive Enterprise Institute and released on Tuesday.

These disclosures will probably not aid the political prospects of the Democrats' cap and trade bill. The House of Representatives approved it by a remarkably narrow margin in June -- the bill would have failed if only six House members had switched their votes to "no" -- and it faces significant opposition in the Senate.

One reason the bill faces an uncertain future is concern about its cost. House Republican Leader John Boehner has estimated the additional tax bill would be at $366 billion a year, or $3,100 a year per family. Democrats have pointed to estimates from MIT's John Reilly, who put the cost at $800 a year per family, and noted that tax credits to low income households could offset part of the bite. The Heritage Foundation says that, by 2035, "the typical family of four will see its direct energy costs rise by over $1,500 per year."

One difference is that while Heritage's numbers are talking about 26 years in the future, the Treasury Department's figures don't have a time limit.

"Heritage is saying publicly what the administration is saying to itself privately," says Christopher Horner, a senior fellow at the Competitive Enterprise Institute who filed the FOIA request. "It's nice to see they're not spinning each other behind closed doors."

"They're not telling you the cost -- they're not telling you the benefit," says Horner, who wrote the Politically Incorrect Guide to Global Warming. "If they don't tell you the cost, and they don't tell you the benefit, what are they telling you? They're just talking about global salvation."

The FOIA'd document written by Judson Jaffe, who joined the Treasury Department's Office of Environment and Energy in January 2009, says: "Given the administration's proposal to auction all emission allowances, a cap-and-trade program could generate federal receipts on the order of $100 to $200 billion annually." (Obviously, any final cap-and-trade system may be different from what Obama had proposed, and could yield higher or lower taxes.)

Because personal income tax revenues bring in around $1.37 trillion a year, a $200 billion additional tax would be the equivalent of a 15 percent increase a year. A $100 billion additional tax would represent a 7 or 8 percent increase a year.

One odd point: The document written by Jaffee includes this line: "It will raise energy prices and impose annual costs on the order of XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX." The Treasury Department redacted the rest of the sentence with a thick black line.

The Freedom of Information Act, of course, contains no this-might-embarrass-the-president exemption (nor, for that matter, should federal agencies be in the business of possibly suppressing dissenting climate change voices). You'd hope the presidential administration that boasts of being the "most open and transparent in history" would be more forthcoming than this.

[DBruleU]

We as citizens need to really start paying attention to what this man actually does, and not what he says. He stands in front of his teleprompters every day telling everyone what they want to hear, but he does the opposite when the 'too stupid' are too stupid to care about anything else other than what he looks like and or what goodies he has to say.

We thought our economy was in trouble when Bush left office, if this guy passes everything he wants to this country will no longer be what it used to be. Sadly, I think that's what he wants.

[Rohirrim]

Haven't had an opportunity to study this one. Would I take the word of CNET, the Heritage Foundation and John Boehner as to what the bill says or does?...

[Smiling Assassin27]

Originally Posted by Rohirrim

Haven't had an opportunity to study this one. Would I take the word of CNET, the Heritage Foundation and John Boehner as to what the bill says or does?...

Hint: See if you can find anything that claims the opposite, assess it's believability, and decide. Just make sure it's got Treasury Department stationery, though. Typical of you to just point at the source and ask, 'is this reliable?'. No mention of the fact that this President withheld cost estimates that his own administration had determined in order to ram through another hasty and unacceptable bill. Read the article. It's Tim Geithner's US Treasury Department who let the cat out of the bag on this one with Heritage there to just check the math for them. You must've glossed over this, Roh:

[QUOTE]"Heritage is saying publicly what the administration is saying to itself privately," says Christopher Horner, a senior fellow at the Competitive Enterprise Institute who filed the FOIA request. "It's nice to see they're not spinning each other behind closed doors." [/QUOTE]

[watermock]

I've been talking and warning about cap and trade and acorn for 9 monthes.

Menwhile Goldman gives out 13 billion in bonuses.

And Gore is waiting for his payout as I preach...riding his jet and his "greenhouse" gas.

You think china is going to do anything?

Yeah they are, they are going to abandon the dollar, because the illumiati wants to further devalue our massive debt by monarization/weakening the dollar, sticking it to China with paper dollars.

Their goal? the IMF creating a global currency.

[epicSocialism4tw]

Originally Posted by DBruleU

We as citizens need to really start paying attention to what this man actually does, and not what he says. He stands in front of his teleprompters every day telling everyone what they want to hear, but he does the opposite when the 'too stupid' are too stupid to care about anything else other than what he looks like and or what goodies he has to say.

We thought our economy was in trouble when Bush left office, if this guy passes everything he wants to this country will no longer be what it used to be. Sadly, I think that's what he wants.

Its time to throw the bums out.

Both parties...and especially this Obama clownshow.

[DBruleU]

Originally Posted by McSkillet

Its time to throw the bums out.

Both parties...and especially this Obama clownshow.

Completely agree. I have no problem getting rid of congress and starting over. They are all pathetic now.

[watermock]

Aww, they're just ignorant rednecks.

People can see when they are being taken to the poorhouse.

This country has just the most massive redistrbtion of wealth in history, and Obama want more power for the fed!

The time is short.

The vacination stupidity is starting next month.

They will have to tie me down.

[watermock]

swine flu vaccine will be fast-tracked for use in Britain within five days once it is developed, and 130 million doses are on order.

The Department of Health expects to have enough vaccine this year to give it to half the population. Further supplies will be available if needed. Each person will need two doses of the vaccine, unless one single jab is found to provide high rates of immunity.

The first doses specific to the H1N1 swine flu virus are set to arrive in September and could be given regulatory approval in less than a week.

The move came after the first British patient without underlying health problems died from swine flu, taking the number of swine flu-linked deaths in Britain to 15. Peter Holden, the British Medical Association’s lead negotiator on swine flu, said that GPs’ surgeries were prepared for one of the biggest winter vaccination campaigns in almost 50 years. He said that, although swine flu was not generally causing serious illness in patients, health officials were eager to start a mass vaccination campaign, starting first on groups that were susceptible to infection or prone to complications.

Related Links
Swine flu claims first 'healthy' victim
Swine flu-linked deaths double in three days
It is likely that the elderly would be given a seasonal flu jab to guard against other circulating flu strains — as happens every year — as well as the swine flu vaccination. “The high-risk groups will be done at GPs’ surgeries. People are still making decisions over this, but we want to get cracking before we get a second wave, which is traditionally far more virulent,” Dr Holden said.

It takes several weeks or months to make flu vaccines, which are cultured using chicken eggs. The European Medicines Agency said the fast-tracked approval procedure has involved trials of a “mock-up” vaccine and that the speed would not compromise patient safety. “The vaccines are authorised with a detailed risk management plan,” the agency said.



http://www.timesonline.co.uk/tol/new...cle6694046.ece

[watermock]

My computer clicked crazy as I posted that link.

[watermock]

My guess is that they want this flu to mutate, and become truely pandemic.

This is obviously a gentically engineered virus, and liky has a back door, thus the rush for the vaccine?

You think I'm crazy.

What's the big rush?

It's a mild flu. But, came out a pig plant-mixing of genes.

untillit mutates, which I believe, is allready in the works.

[watermock]

The move came after the first British patient without underlying health problems died from swine flu, taking the number of swine flu-linked deaths in Britain to 15.

My compuer is being pinged like crazy.

15 deaths. How many had undelryng health problems?

So that is 1 ...one death in the UK.

[Bronco Yoda]

Who's ever heard of a flu virus that's been ramping up in 90 degree heat. This winter is going to be bad.

Not a bad year we decided to homeschool. The public schools are going to be a mess.

[watermock]

This has designer virus written all over it.

And the rush for the vaccine?

There is a trick here.

I'll take my chances and pray that my immune system can handle it, and be bette prepared for what is next.