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Me#1You#10
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Joined: 06 May 2004
Posts: 6503
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 Posted: Thu May 13, 2010 4:54 pm Post subject: "Kerry's Powerless America Act" |
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While it sickens me that this anti-American, self-aggrandizing, wind-surfing dilletante (thank you again Eleanor Clift) is going to get a dose of the limelight his all-consuming ego lusts after, I'm hopeful that both common sense and the quickly waning American tolerance for this buffoon and his enviro-whacko, "cap and tax" assault on America's industrial prowess will be treated with the disdain it warrants.
IBD starts the ball rolling...
| Quote: | Kerry's Powerless America Act
05/12/2010
IBD EDITORIAL
Regulations: Call it cap-and-trade or bait-and-switch, but John Kerry and Joe Lieberman continue to tilt at windmills with a bill to restrain energy growth in the name of saving the planet.
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IBD Exclusive Series:
American Freedom And Prosperity Under Attack
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The bill introduced Wednesday and sponsored by the two senators is called the American Power Act, an Orwellian phrase if ever there was one. Like President Obama's offshore drilling program, for every "incentive" there is a restriction. It's as if Hamlet were to be appointed Secretary of Energy.
The legislation has little to do with developing America's vast domestic energy supply. It's cap-and-trade meets pork-barrel spending. It's about regulations, restrictions and research. It does not deal with exploiting America's vast energy reserves but with finding ways to mitigate their alleged harmful effect.
To that end, the bill creates some 60 new agencies and projects to eat up our tax dollars and buy support (see list alongside).
Investor's Business Daily - cont'd |
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Navy_Navy_Navy
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Joined: 07 May 2004
Posts: 5777
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| Posted: Fri May 14, 2010 12:35 am Post subject: |
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The potential costs to business (and therefore to consumers) due to this hare-brained scheme are certain to devastate any hope we might still have for an economic recovery any time in the near future.
The health care bill alone was going to be destruction enough of our financial well-being - but this piece of insanity will be the final nail in the coffin.
And the powers it grants to federal agencies are just as sweeping as those granted in the health care "reform" law.
When they managed to push their health care through, (against the 73% of the people in the country that DON'T want it!) and there was no rioting in the streets, I think they realized that they can do anything they damn well please and anyone who doesn't like it, tough.
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Altering course to starboard - On Fire, Keep Clear
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TEWSPilot
Admiral
Joined: 26 Aug 2004
Posts: 1235
Location: Kansas (Transplanted Texan)
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GoophyDog
PO1
Joined: 10 Jun 2004
Posts: 480
Location: Washington - The Evergreen State
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| Posted: Fri May 14, 2010 10:20 pm Post subject: |
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Tews, you're being a little rough on Al Gore. He's not nearly 55 gallons of tar - yet.
Bad visual. Kerry tarred with AlGore.
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TEWSPilot
Admiral
Joined: 26 Aug 2004
Posts: 1235
Location: Kansas (Transplanted Texan)
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TEWSPilot
Admiral
Joined: 26 Aug 2004
Posts: 1235
Location: Kansas (Transplanted Texan)
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| Posted: Mon May 17, 2010 11:25 pm Post subject: |
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| Quote: | Just Don't Call It a Climate Bill
John Kerry rearranges cap and tax—and hopes no one notices.
Despite the most creative rhetoric this side of ObamaCare, voters have figured out that "cap and trade" involves artificial carbon rationing and vast new energy taxes. So the main goal of John Kerry and Joe Lieberman has been attempting to disguise these truths in the climate bill they released to much fanfare last week.
The bill was nine months in gestation once it became clear that the version the House passed last summer—which one of five Democrats opposed—was doomed in the Senate. Yet no one should mistake Kerry-Lieberman for a new approach.
Jim Lucier, an investment analyst at Capital Alpha Partners, calls it the Mr. Potato Head bill. The cosmetic features can be rearranged, but it's still a Mr. Potato Head. This is still cap and tax—except with new and larger subsidies, outright corporate bribes, and the rest of the political palm-greasing that Democrats hope can still lead to a Rose Garden ceremony this year.
The bill sets a 2020 target for reducing CO2 emissions by 17% from 2005 levels, and 83% by 2050, the same as the House. Of course, please don't say this has anything to do with global warming. "We don't want to mix messages here," Senator Lindsey Graham (R., S.C.) said on Earth Day. "I'm all for protecting the Earth, but this is about energy independence."
Mr. Graham helped Messrs. Kerry and Lieberman write the bill before bailing out last month. Their main innovation was to create separate regulations for transportation, utilities and manufacturing. The goal is to buy industry support by offering special short-term favors to each one—but also to hide the taxes that will hit all forms of carbon energy, and thus most goods and services.
Producers and importers of gasoline and jet fuel, for example, would be cordoned off from the wider carbon-permit auctions and instead buy separate, nontradable allowances pegged to the fixed price at which the auction closes. The technical term for this is a "linked fee," but consumers are unlikely to observe the distinction when pump prices rise under this de facto gas tax.
"There is no gas tax, never was a gas tax, will not be a gas tax, I don't know where that came from, but it is just wrong. Period," Mr. Kerry rumbled at a press conference in late April. "There is not even a linked fee, there is not a tax, there is nothing similar." No, except for the gas tax that dare not speak its name.
Messrs. Kerry and Lieberman hope to peel off a few Republicans with sweeteners like more offshore drilling and royalty-sharing for coastal states. Given the Gulf oil leak, liberals may not accept even this fillip. The bill would also subsidize loan guarantees to expand nuclear power, which is the GOP analogue to Democratic wind turbines and solar panels.
Despite media caricature, the main obstacle to cap and tax isn't Republican intransigence. Energy politics splits on geographic more than partisan lines, and the folks in the hinterlands who rely on coal-fired power and heavy manufacturing will get socked the hardest. Midwest Democrats are Mr. Kerry's real opposition.
Big business is on board for the subsidies, and even the Chamber of Commerce had kind words for this "work in progress." The bill landed with endorsements from such luminaries as John Doerr, a Kleiner Perkins venture capitalist and Al Gore's business partner; John Rowe, the CEO of the nuclear utility Exelon; and Jeff Immelt, CEO of General Electric. Every business or interest that could afford a half-competent lobbyist stands to benefit, at least until cap and tax is in place and environmentalists crack down over time.
Oh, and since America is not a planet, Kerry-Lieberman will have little to no effect on global CO2 concentrations as the Chinese, Indian and Brazilian economies expand. But the bill would impose carbon tariffs on countries that don't adopt similar restrictions, likely leading to a trade war.
The Beltway wisdom says this combination of corporate welfare and economic destruction has little chance to pass this year, but don't be so sure. The left and Mr. Obama know their supermajorities are about to vanish, and they are ideologically willful enough to make one more effort to jam this through the Senate. They just won't call it a gas tax, or cap and trade, or anything close to what it really is. |
...Jim Lucier, an investment analyst at Capital Alpha Partners, calls it the Mr. Potato Head bill. The cosmetic features can be rearranged, but it's still a Mr. Potato Head. This is still cap and tax -- except with new and larger subsidies, outright corporate bribes, and the rest of the political palm-greasing that Democrats hope can still lead to a Rose Garden ceremony this year.
The Mister Potato Head Bill.. perfect!!
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