Cap And Trade - New England Patriots Forums

ljuneau · 05-20-2009, 02:18 PM

Here is a recent article regarding Cap & Trade and the impact it will have on our economy:

Son of Waxman-Markey: More Politics Makes for a More Costly Bill

In summary:

Quote:

The economic impact of the new draft varies from that of the original draft in several major ways:

•Compared to no cap and trade, real GDP losses increase an additional $2 trillion, from $7.4 trillion under the original draft to $9.6 trillion under the new draft;
•Compared to no cap and trade, average unemployment increases an additional 261,000 jobs, from 844,000 lost jobs under the original draft to 1,105,000 lost jobs under the new draft; and
•Peak-year unemployment losses rise by 500,000 jobs, from 2 million under the original draft to 2.5 million under the new draft.

Though the proposed legislation would have little impact on world temperatures, it is a massive energy tax in disguise that promises job losses, income cuts, and a sharp left turn toward big government.

and over the next 25 years:

Quote:

•Reduce aggregate gross domestic product (GDP) by $9.6 trillion;
•Destroy 1,105,000 jobs on average, with peak years seeing unemployment rise by over 2,479,000 jobs;
•Raise electricity rates 90 percent after adjusting for inflation;
•Raise inflation-adjusted gasoline prices by 74 percent;
•Raise residential natural gas prices by 55 percent;
•Raise an average family's annual energy bill by $1,500; and
•Increase inflation-adjusted federal debt by 26 percent, or $29,150 additional federal debt per person, again after adjusting for inflation.

If this passes, which I think is very likely, Hollywood can cancel that upcoming movie of Ayn Rand's book, Atlas Shrugged. Rather, a documentary of the United States will be more applicable.

***BelichickFan*** · 05-20-2009, 02:24 PM

Quote:

Originally Posted by ljuneau

If this passes, which I think is very likely

I don't think it will pass once people realize it will cost jobs and money. I think a lot of people now think of it as a shell game, moving money around that doesn't affect them. Stats like these will end it real quick . . . I think . . . and hope.

***patsfan13*** · 05-20-2009, 03:37 PM

Quote:

Originally Posted by BelichickFan

I don't think it will pass once people realize it will cost jobs and money. I think a lot of people now think of it as a shell game, moving money around that doesn't affect them. Stats like these will end it real quick . . . I think . . . and hope.

The MSM will ignore the costs, BTW I bet the costs are being UNDERSTATED. Judt what we need when we are devaluing the currency with the insane spending....

What a freaking nightmare.