George Sarant

A raw feed of material that may be updated or appear elsewhere.

THE COMING CARBON CATASTROPHE

with 3 comments

No I’m not referring to global warming, but the consequences of Obama’s new $645 billion carbon tax increase. This is a new and completely unnecessary element that will increase energy costs for everyone and permeate throughout the economy. If you think utility bills are high now, wait until this kicks in. It also takes energy to produce and transport everything we eat and use so the cost of everything will increase. Furthermore, it will trigger inflation, which could spiral out of control with the deficits now being established. This will hit senior citizens and those on fixed incomes the hardest. Sheep and cow belching produces more CO2 and methane than energy production does. Will they be taxed too? While Obama claims most of this will be returned to the people after the feds take a big chunk, the money will be targeted to the ”poor,” which won’t include you, so you will have less and less disposable income left.

Other tax changes and measures are designed to eviscerate the coal and petroleum industries, thus discouraging rather than encouraging the domestic production of oil. If they really want to reduce CO2 wouldn’t it be simpler to just plant trees?

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Written by georgesarant

February 28, 2009 at 8:46 PM

Posted in economy

Tagged with

3 Responses

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  1. I agree it will be a catastrophe, but I don’t think the whole cap and trade mechanism is designed to eviscerate the fossil fuel industry. It is really just a hidden tax on the 95% who won’t get their “taxes” increased.

    By imposing fines on the utility companies for using fossil fuels, the government gets the cash, the utilities pass down the cost to the consumer, and the mythological 95% get a nice 100% increase in their utility bills. It’s a real swell shell game.

    I dig your blog.

    PhillipDHawkins

    March 3, 2009 at 3:22 AM

  2. Just blogged about this myself, trying to get the same message out. I am having difficulty understanding why more American people are not outraged by this. Even the left wingers who elected Obama should understand the negative impact this is going to have on our economy.

    Keep up the good fight.

    Mark

    March 26, 2009 at 2:15 AM

  3. Very true!!! Excellent points and we HAVE to get the word out!!!!!!!

    The very poor people that all the liberals whine about helping are going to be hurt the worst by this!

    KimberlyM

    April 6, 2009 at 8:55 PM


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