First it was the misguided “buy American” stimulus which backfired and now we read of imposing $646 billion dollars in pollution fees to the private sector. While we should all be pro-active in reducing pollution if this brainstorm goes beyond being a “trial balloon” who do they think will ultimately pick up the tab as our nations private sectors struggle to stay afloat and have no fat in their profit margins?
Earlier today Treasury Secretary Timothy “Geithner acknowledged that consumers could face higher electric bills because Obama would impose fees on greenhouse gas producers, including power plants that burn fossil fuels, by auctioning off carbon pollution permits. The goal is to reduce the emissions blamed for global warming while raising a projected $646 billion over 10 years.”
Folks. This answers the $trillion dollar question. How are we going to pay for the stimulus plan? Ultimately on the backs of working Americans, that’s who. It’s called a pass-through.
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*As quasi Obama supporters…we can say without
question that his position on “Cap and Trade” is a huge loser guaranteed to raise the cost of goods for all of us…during a very sensitive economic downturn! The big Polluters (GM, Ford and the Auto Manufacturers)buy Pollution Credits
from the Logging and Paper Industry. They pay them Billions, continue to pollute and raise the prices of whatever they are manufacturing! Not our favorite Obama proposal.
Government should invest in Diet Coke, the #1 best selling soft drink of all time!