Friday, April 2, 2010
Obama to Crush Economy with Massive CO2 Taxes
Abandoning all loyalty to the democratic processes this nation holds dear, Obama has made the decision that getting energy tax legislation through Congress with the approval of the American people is just too much of a pain to bother with. Instead he will have the EPA declare as early as next week that CO2 is a dangerous global warming gas and will start regulating its emissions immediately.
Obama’s promise to open up vast stretches of ocean on the East Coast and Gulf of Mexico to energy exploration is simply a ruse to soften up the public for soon to be announced draconian regulations.
Put simply, it means $8 for a gallon of gas and 2-3 times higher electricity bills. It also means the loss of millions more sorely needed jobs as businesses are hit with higher operating costs and the transfer of whatever remains of our manufacturing sector to China where energy is cheaper and they aren’t so concerned about CO2.
In the first week alone, American businesses estimated that ObamaCare will cost them $14 billion. By most estimates this latest Obama nightmare will be far more expensive and may literally destroy the economy in less than 20 years.