The Waxman-Markey Cap and Tax bill is under hot debate on the house floor right now, the bill will introduce a huge hidden energy tax to middle class americans, and do pretty much nothing to stop emissions. It’s turned into a huge patronage deal with massive pollution credits going to Dems in coal states to gain their votes. Here’s Representative Dave Camp, MI speaking on the effects of the bill:
The quickest way to stall the world economy that I know of is to introduce more draconian regs like this. The diesel regulations in Europe directly contributed to the recession we are trying to come out of now.
With the coming regulation of shipping diesel fuels, the future is looking pretty grim.
Nancy Says “Everything is on the Table” including Taxes
When it comes to how to pay for their health care plan costs the Democrats are being vague as you can see in this interview with Nancy Pelosi. When asked about taxes her only reply is “everything is on the table… everything is on the table.. ” For Nancy that really means everything is on the table except questions about her lies about the CIA, and working with the Minority on health care reforms. Those must be under the table, in the other room, or perhaps outside and down the block underneath a dumpster or something.
Pelosi Pimps National Energy Tax and Iowa Congressman Braley in Des Moines
Nancy Pelosi was expecting a quiet soiree of Democrat fat-cat insiders as she attends a private fundraiser for the Democrat Congressional Committee and Congressman Bruce Braley. Braley was out speaking last night trying to tamp down the upset over her lies about the CIA, but they just won’t go away.
Meanwhile the NRCC robo-called across the district to let voters know about the National energy tax that’s the likely outcome of the Democrat Cap and Trade scheme.
At inception it was a plan like those imposed upon Europeans the past few years, plans which have totally failed to reach goals and that increased use of fossil fuels in Europe while strangling those economies. Some of the economic malaise we are in can be tracked back to Euro cap and tax schemes.
That’s how it started off, a plan like the Europeans… but since then it’s turned into a patronage scam of perks and pork as Rep. Henry Waxman trades credits to states whose votes he needs to pass the bill. It’s a monstrosity that we don’t need while the economy is recovering.
Obama’s Open Government: Release Abu Ghraib Photos but No Visibility to Tarp Funds
I would laugh, but it’s not funny. President Obama is still waffling on releasing Abu Ghraib photos five years after the fact, and closing Gitmo, but at the same time the American public has pretty much zero visibility to where Tarp money is going, where auto bailout money went, or analysis of how the coming climate legislation is expected to affect them economically.
While Al Qaeda in Iraq is trying their own “Re-surge” with a spate of suicide bombing aimed at reopening sectarian conflict our President proposed releasing five year old photos that are certain to enrage now calm militias in Baghdad.
How is it open to propose then revoke on Gitmo, Abu Ghraib, and Tarp? The American public is certainly more interested in how the government is spending Trillions in their tax dollars and managing the offshore loans against our future.
We have no clear policy directions on Iraq, Afghanistan, Iran, North Korea, Venezuela, and Pakistan yet. How open is that?
We don’t know when taxes will be added, or what taxes will be added – how open is that? We don’t know whether the Bush tax-cuts will expire, how open is that? ( knowing the tax structure in advance is critical to planning most medium to large business’ in the US. Most of the bean-counters still don’t know what to plan for two to three years out and it’s crippling our ability to grow the economy back.)
This isn’t open government, it’s posture and charade.
Now that the porkathon in Congress is over and the Stimulus bill certain to pass, it’s time to look at what your congresscritters hath wrought. There’s a great graphic representation of it over at the Washington post that breaks it down into proportionally representative bubbles. A quick glance will show you that Health and Human Services gets a lion’s share, while military spending is a small bubble, and from the labeling it looks like “lights on” maintenance, and nothing new for the military. Please stop by to take a look.
Meanwhile, Washington Times points out how recipients of previous bailout dollars keep donating to politicians with your tax dollars. Isn’t there something morally wrong with that, if not legally?
A Washington Times analysis found that executives and employee-funded political action committees of banking companies that received bailout money have donated more than $2 million to members of Congress and other politicians since lawmakers approved the federal rescue of America’s financial system in October.
Over the next few years most conservative bloggers are going to be obsessed with Obama – you aren’t going to see me focuing there too much. Instead I think it better to keep the heat and light on Congress, because that’s where the next generation’s problems will arise from.
I’m a confirmed, committed capitalist but the 17.4 billion dollar bailout of Detroit is not capitalism at all — it’s corporate socialism, or you could call it Union Welfare as well. This is sickening beyond belief so I will reprint the new Chrysler/GM/Ford ad, h/t Virginia Postrel:
Update: the Term sheet for GM bailout. (.PDF link)
Update: Ford is not getting bailed out, hat’s off to them, and perhaps my next car purchase will be a Ford, although that’s sacrilege in this family.