The uncertainty caused by this administration is what will hold back the great American engine of productivity. We the people don't know what to expect in the near and long term future what with looming dual monstrosities of the Health Care Bill and the Cap and Trade bill with its carbon tax, not to mention looming inflation, that are poised to siphon off our wealth. This uncertainty causes paralysis resulting in people hoarding their money (those that still have jobs) instead of investing and buying. The good thing is that we're learning the lesson that savings are important. At the same time, an economy that doesn't move forward because of political uncertainties can be disastrous for a nation. Our politicians have to GET OUT OF THE WAY and leave us alone to work, invest, purchase and save as we deem appropriate for our own life - not based on politicians' expediency of the minute decision. WSJ has a good piece about our "hangover".
The panicked Democrats' biggest problem is that Congress and the President have erected the biggest overhang of economic policy uncertainty that anyone can remember.
One big difference between Washington and private markets is that politicians think everything they do is free-standing. Markets, however, combine all the potential costs of Washington's policies and then decide whether to invest, or not. Consider what private decision-makers see in their future:
A 2,074-page, trillion-dollar health-care bill to redesign 17% of the U.S. economy. A carbon tax—cap and trade—that remains an Obama priority ahead of the Copenhagen climate summit next month. A falling dollar and gyrating commodity prices, with no idea where those prices will go next.
Democratic liberals are talking about an income tax surcharge to pay for any commitment in Afghanistan. Card check, to expand unionization of the private economy, remains a priority. Domestic discretionary spending in fiscal 2010 is set to rise at 12.1%, with inflation near zero.
Nurturing a fragile economic recovery into a durable expansion requires policies that restore public confidence and reassure investors, risk-takers and employers. The Democratic agenda is doing precisely the opposite, which is how you get subpar growth and fewer new jobs. (READ AT WSJ)
“Future generations will wonder in bemused amazement that the early 21st century’s developed world went into hysterical panic over a globally averaged temperature increase of a few tenths of a degree, and, on the basis of gross exaggerations of highly uncertain computer projections combined into implausible chains of inference, proceeded to contemplate a roll-back of the industrial age”. Professor Richard Lindzen
Showing posts with label carbon tax. Show all posts
Showing posts with label carbon tax. Show all posts
Wednesday, November 25, 2009
Saturday, July 19, 2008
AMERICANS UNITE TO PROTECT OUR FREEDOMS NOW-
The Largest Power Grab by the EPA - The Carbon Tax or "Fee"
The Environmental Protection Agency is nothing if not power hungry. But they are also lacking in any kind of integrity. They are planning to call the CARBON TAX a fee. What a nice and innocent word. A fee. The Wall Street Journal has a piece called the "Lawnmower Men" in their "Review and Outlook" section describing this power grab and how we will have no say in the matter. The amount of money that they will steal from Americans is mind boggling as they plan to charge a "fee" for use of everything under the sun - boats to planes and lawnmowers to tractors. Anything with an engine. Wrap you head around that one.
Al Gore blew into Washington on Thursday, warning that "our very way of life" is imperiled if the U.S. doesn't end "the carbon age" within 10 years. No one seriously believes such a goal is even remotely plausible. But if you want to know what he and his acolytes think this means in practice, the Environmental Protection Agency has just published the instruction manual. Get ready for the lawnmower inspector near you.
In a huge document released last Friday, the EPA lays out the thousands of carbon controls with which they'd like to shackle the whole economy. Central planning is too artful a term for the EPA's nanomanagement. Thankfully none of it has the force of law -- yet. However, the Bush Administration has done a public service by opening this window on new-wave green thinking like Mr. Gore's, and previewing what Democrats have in mind for next year...
...That's why the global warmists have so much invested in the EPA's final ruling, which will come in the next Administration. Any climate tax involves arguments about costs and benefits; voting to raise energy prices is not conducive to re-election. But if liberals can outsource their policies to the EPA, they can take credit while avoiding any accountability for the huge economic costs they impose.
AMERICA WAKE UP AND LOOK INTO THE FUTURE! IT IS ONE THAT WILL BE RULED BY LITTLE MEN IN WASHINGTON. Is this what our Founding Fathers shed blood and lost treasure for? That we, The People, should be stripped of our wealth for the imaginary evil of carbon dioxide? If ever there was a time to protest and send these bureaucrats back to cower under their rock this is it. Americans Unite to Protect Our Freedoms! (READ WSJ)
The Environmental Protection Agency is nothing if not power hungry. But they are also lacking in any kind of integrity. They are planning to call the CARBON TAX a fee. What a nice and innocent word. A fee. The Wall Street Journal has a piece called the "Lawnmower Men" in their "Review and Outlook" section describing this power grab and how we will have no say in the matter. The amount of money that they will steal from Americans is mind boggling as they plan to charge a "fee" for use of everything under the sun - boats to planes and lawnmowers to tractors. Anything with an engine. Wrap you head around that one.
Al Gore blew into Washington on Thursday, warning that "our very way of life" is imperiled if the U.S. doesn't end "the carbon age" within 10 years. No one seriously believes such a goal is even remotely plausible. But if you want to know what he and his acolytes think this means in practice, the Environmental Protection Agency has just published the instruction manual. Get ready for the lawnmower inspector near you.
In a huge document released last Friday, the EPA lays out the thousands of carbon controls with which they'd like to shackle the whole economy. Central planning is too artful a term for the EPA's nanomanagement. Thankfully none of it has the force of law -- yet. However, the Bush Administration has done a public service by opening this window on new-wave green thinking like Mr. Gore's, and previewing what Democrats have in mind for next year...
...That's why the global warmists have so much invested in the EPA's final ruling, which will come in the next Administration. Any climate tax involves arguments about costs and benefits; voting to raise energy prices is not conducive to re-election. But if liberals can outsource their policies to the EPA, they can take credit while avoiding any accountability for the huge economic costs they impose.
AMERICA WAKE UP AND LOOK INTO THE FUTURE! IT IS ONE THAT WILL BE RULED BY LITTLE MEN IN WASHINGTON. Is this what our Founding Fathers shed blood and lost treasure for? That we, The People, should be stripped of our wealth for the imaginary evil of carbon dioxide? If ever there was a time to protest and send these bureaucrats back to cower under their rock this is it. Americans Unite to Protect Our Freedoms! (READ WSJ)
Subscribe to:
Comments (Atom)