Congress vs The Economy!

The biggest show in Washington resembles “Let’s Make A Deal,” as an enormous tax on energy starts moving through committee in the U.S. House. But it could become “Apocalypse Now” because the bill will kill 2.5-million jobs and its $9.6-trillion price tag could wreck the economy.

What do we gain? Supposedly global warming will be reduced by two-tenths of one degree by the end of the century. That’s it. Americans will adjust their thermostats by far more due to skyrocketing electric bills that President Obama predicts will be caused by this legislation. So we’ll be hotter in the summer and colder in the winter.

The annual price tag for a family of four? It’s projected to be $4,000 a year! The higher electric bills alone will average about $1,500 a year.

So why do so many in Congress support this cap-and-tax approach despite the absence of public support? Many have been bought off by sweetheart deals that are spread throughout the bill. More details are in Ernest Istook’s column at Human Events. © 2008. Blogger Template by Blogger Tutorial