One step forward. Two steps back. Cap and trade has given China an economic advantage in producing anything involving the uses of energy including the manufacturing of wind generators and solar panels. Perhaps China will be kind enough to continue lending money to us so we can buy them and bill the debts to our grandchildren. I calculated the cost of my electricity based on the anticipated tax on carbon derived from coal, the percentage of coal that my utility uses, and the percentage of my present electric bill that is attributable to fuel. It worked out to about a $44/month increase to pay for the amount of electricity I now purchase. That doesn't include cap and trade taxes on gasoline or as hidden in the cost of production in US made products. $44 x 12 months = $528/year more for electricity.
Rep. Kilpatrick talks about the cost of a postage stamp every day but that is a highly optimistic talking point and does not even consider that most Michigan electricity is derived from coal, 80% in the case of DTE. If she doesn't understand that, she should be an embarrassment to those who elected her.
This albatross still has to go to the Senate.
Rep. Waxman ,who sponsored this pork barrel, has been a very busy boy lately. He is also sponsoring a bill requiring federal licensing and FDA oversight over family gardens if anything is sold from them http://www.ftcldf.org/news/news-HR2749-FAQ.htm Unlicensed gardening could become a criminal activity in Obama's control economy.
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