Obama and Your Electric Bill - HUMAN EVENTS

So Obama’s $250-billion a year energy tax could approach a 50% increase in what you, as a consumer, pay for energy, since all costs are passed along to consumers. Yet the Obama budget audaciously claims that it will “reduce utility bills”

Schwarzenegger recruits his own green army - 19 Mar 2009 - BusinessGreen.com

California launches new Green Corp scheme to provide young unemployed with green collar training opportunities

www.dcexaminer.com: When America becomes Obamaland

Millions more people will be forced into unemployment lines by Obama’s embrace of former Vice President Al Gore’s strident predictions of imminent ecological disaster caused by global warming, purportedly caused by man’s excessive burning of carbon-based fossil fuels, chiefly oil.

Gore failed during the Clinton years to gain passage of a carbon tax, but Obama’s cap-and-trade program amounts to the same thing. Obama’s plan aims to reduce carbon emissions by 80 percent by 2030.

In the meantime, companies that exceeded the annual emissions reduction goals would be able to sell “carbon credits” to companies that fail to reach the goals, with the government collecting revenue on each transaction. Estimates of how much revenue will be raised range from $645 billion to as much as $1.8 trillion. The problem is that every penny of cap-and-trade revenues paid by corporations would be passed on to consumers, making the program effectively a back-door tax increase of massive proportion.

That tax increase will cost as many as four million more jobs, according to the American Council on Capital Formation.