Saturday, March 06, 2010


Hang on to your wallet

Something you need to know (from the Campaign for Working Families):

A key Obama agenda item is "climate change" and regulating energy use through some kind of cap and trade scheme. Despite what you may be hearing, the issue is not dead on Capitol Hill. Like healthcare "reform," cap and trade passed the House and liberal Democrats desperately want to see it reach Obama’s desk because it’s a huge revenue source for the administration. That means it’s a great big tax. But there’s more.

New York Times this week reported on a Harvard study measuring the economic impact of the administration’s proposed carbon caps. To reach the targets Obama has set by 2020, carbon will be taxed at $60 a ton. That translates into gasoline prices of $7.00 a gallon. [Emphasis mine] ...

I think you also deserve to know that this study is not just a fluke. High gasoline prices are a priority for key administration officials like Obama’s Secretary of Energy, Steven Chu. In 2008, Chu told the
Wall Street Journal, "Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.” At that time, gas in Europe was going for about $8.00 a gallon. I think you need to know this information so you can decide whether you are willing or able to afford Obama’s agenda. And in 242 days you can let Nancy Pelosi know how much you appreciate all her hard work on Obama’s agenda.

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