BROKEN RECORD in North Carolina !!!
Unfortunately, this record has nothing to do with the Tarheels.
The NC unemployment rate jumped to a record 11.2%.
Bob Etheridge (NC-2nd) gets our vote as MVP for this record-breaking performance. You see, Bob voted for more debt (stimulus), higher energy prices (cap-and-trade) and increased health care costs (obamacare). Unfortunately for Bob, his constituents are not very enthused about him taking home this award. Remember, nearly half of them voted for McCain in 2008.
Bob is another politician who says he is a pro-business Democrat. However, voting for cap-and-trade legislation is anti-business. It causes energy rationing, leading to higher prices and ultimately fewer jobs in North Carolina.
According to the Heritage Foundation, GDP loss from cap and trade alone would be $161 billion in 2020, which means a loss of $1,870 per household per year. Under that scenario, the average monthly energy bill for a North Carolina family would double.
Barack Obama even agrees:
Under my plan of a cap and trade system, electricity rates ‘would necessarily skyrocket’ .. they (energy providers) would have to retrofit their operations. That will cost money. They will pass that money on to consumers.
Somebody needs to remind Bob that these consumers are his constituents and that there is absolutely nothing “pro-business” about taking $1,870 from each of their households per year.