I don’t know, psychologically, what it is that compels a man like Barack Obama to systematically throw under the bus every person who helps him. But he has done it again.
This will have devastating reprecussions for the House Democrats. Having pushed as hard as they could to get Cap and Trade passed in the House, the United States Senate has blocked consideration of the legislation until, at best, next year.
In a just released memo from the White House that was actually prepared months ago, turns out the White House knows cap and trade will amount to a massive tax increase on middle class families.
The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.
A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration’s estimate, the cost per American household would be an extra $1,761 a year.
A second memorandum, which was prepared for Obama’s transition team after the November election, says this about climate change policies: “Economic costs will likely be on the order of 1 percent of GDP, making them equal in scale to all existing environmental regulation.”
Barack Obama has known since November of last year just how devastating his cap and trade legislation would be and he didn’t bother telling Congress.
But what is more troubling is that he knew how much harm to the economy cap and trade would do in a recessionary period and he still chose to pursue the policy.
What does that tell you? The man, facing a devastated economy, chose to pursue a policy he knew would hurt it even more.
Whoever is President of the United States is not dumb. You cannot be dumb and win the Presidency. But you can be malicious and you can lack good judgment. I am beginning to think Barack Obama has both characteristics.
Steve Maley
KnightsofMalta
WOW!
Tom Anderson (Diary) Wednesday, September 16th at 5:20PM EST (link)All I can say after reading this is…WOW!
“All that is necessary for the triumph of evil is for good men to do nothing.”
- Edmund Burke
Time to celebrate the death of Cap & Tax......
rcov092 (Diary) Wednesday, September 16th at 11:21PM EST (link)http://chiaobama.com/.
“Not One Red Dime for the NRSC or NRCC till they stop trying to elect liberals”
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One more reason
10ksnooker (Diary) Wednesday, September 16th at 7:20PM EST (link)You can also not have any character …
Not Surprising: NObama the Ideologue
Ausonius (Diary) Wednesday, September 16th at 7:26PM EST (link)does not care about anything but his agenda.
Everyone is expendable!
This is why we cannot celebrate until NObama and the Dems are driven out in 2010 and 2012. Any appearance of victory for our side cannot be trusted: they will be grouping for another and more surreptitious counter-attack.
Ausonius: 310-395 A.D. Teacher, Poet, Consul, General, Farmer.
Personal Tutor to the future St. Paulinus of Nola and to young Gratian, heir to the throne during the turbulent final years of the Western Roman Empire. When his former student Gratian was assassinated, Ausonius threw up his hands and retired to his farm in Gaul. Rome was captured by barbarians 14 years after his death.
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What's astonishing is...
Bill S (Diary) Wednesday, September 16th at 7:49PM EST (link)that cbsnews.com even published that story. Are we succeeding in beating down the MSM, too?
“It’s such a fine line between stupid, and clever.” – David St. Hubbins
I wouldn't say he is compelled to throw everyone under the bus,
The_Gadfly (Diary) Wednesday, September 16th at 9:15PM EST (link)I think it is more that his allegiance is to his ideology and only to his ideology. After that he is insensitive to everything else.
Also, I think there is a fair bit of the ACORN hubris at work. He didn’t expect it to leak, because these sorts of things have never been leaked on him before. They’re all good buddies working toward the same end and they know this sort of thing simply can’t be released to the rubes who don’t know what is good for them.
And much as I hate to disagree with you, I don’t think he does know how much it will harm the economy. We knew Joe the Plumber knows more about economics than The Big 0 did after a single question on the campaign trail. As far as The Big 0 is concerned, more money for the government is a good thing because that means he can ensure it is spend properly. You know, ACORN housing grants and get out the vote drives.
They don't care about the effect on the economy
bk (Diary) Wednesday, September 16th at 11:39PM EST (link)just whether it concentrates more power in Washington DC.
And whether Cap & Tax enriches Democratic cronies
6eorge Jetson (Diary) Thursday, September 17th at 12:56AM EST (link)Good point
bk (Diary) Thursday, September 17th at 11:11PM EST (link)And these are the same people who saw “big oil” or “Halliburton” as a factor in every Bush decision.
Im a truck driver
redpens (Diary) Friday, September 18th at 5:13PM EST (link)and i know that, according to the Congressional Budget Office, if cap and tax passes, diesel fuel prices will go up at least 88 cents per gallon, 77 cents per gallon for everyone driving a car or light truck (probably both are low ball figures knowing the government). That means the cost of shipping everyday items like food, clothing, etc will be passed on to the consumer in one form or another. This bill is an absolute atrocity! I’ve already called & e-mailed my senators & told them about the added costs.
I'm sure by now you've heard of valero's
Richard Mullins (Diary) Friday, September 18th at 5:21PM EST (link)site, http://www.voicesofenergy.com. They know how much its going to cost us in the long run.
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Joe Biden is like a Decrepit Park owner with a Meth lab that happens to not only be a dealer but a user.
Let’s Bankrupt the Democratic paty. Make spend all the money to defend thier candidates.