View Full Version : You Ain’t Seen Nothing yet! [Waxman-Markey]

10-24-2009, 10:24 PM
If the readers of this newspaper believe that the much discussed and debated Obamacare is economic suicide and a costly, rapid route to socialism, “you ain’t seen nothing yet!”

If readers believe the Office of Management and Budget projections of unsustainable spending and accumulated debt increases throughout the next decade and beyond, “you ain’t seen nothing yet!”

Perhaps obscured and hidden behind the petulance and pettiness that have surrounded the health care debate, , the US Senate will, maybe next month, begin debate on the recent, narrowly-passed, 1427-page, House bill, H.R. 2454, The American Clean Energy and Security Act, also known as Waxman-Markey (or cap-and-trade).

If readers worry about what Congress could do through its health-care legislation, they should be terrified by Waxman-Markey because it would gut the economy, weaken our GDP, cost millions of Americans their jobs (and medical coverage), raise the cost of all energy, especially the cost of electricity, gasoline and diesel fuel.

It would affect everyone who uses energy - including trucking and transportation, small business, farming, manufacturing, construction, mining, retailing, local, county, state and federal agencies, forest products (like newsprint), the military, energy production, liberal or conservative, Republican or Democrat.

It would send American jobs overseas to countries with lesser energy costs and who do not limit greenhouse gas emissions – like China and India, thus reducing our global competitiveness and lessening our energy independence.

A number of respected organizations have analyzed Waxman-Markey including the Congressional Budget Office (CBO), the Heritage Foundation, the Brookings Institute, the National Federation of Independent Business, the Environmental Protection Agency (EPA), the Government Accountability Office (GAO), the American Farm Bureau, and the Institute for Energy Research, etc. All have concluded, to varying degrees, that Waxman-Markey will drive up the price of energy and taxes for all American consumers and cripple industry.

Americans for Tax Reform has published research data regarding the national effect of Waxman-Markey which concludes that:

Direct energy costs will go up $1500 per year for a typical family of four.

For that same typical family of four, electric bills will be $12,200 higher, gas consumption costs will rise to $7,500, and direct energy cost will rise by $22,500, in total, from 2012 to 2035.