Black Chamber of Commerce calls out “Cap & Tax”

Well, finally a responsible political organization has come out and called the “Cap & Trade” Obama proposal what it is…  a job killer, a tax and spend job, a tariffs bill sure to anger every country who exports to us, a giveaway to big business, and a sure-fire loser!

WASHINGTON, May 21 /PRNewswire-USNewswire/ — Today, in anticipation of Friday’s House Energy and Commerce Committee vote on the Waxman-Markey legislation, the National Black Chamber of Commerce (NBCC) released a new study that determines the potential economic impacts of the federal cap-and-trade system outlined in the bill. Compiled by CRA International, the analysis determines that by 2030 the law would

    —  reduce national GDP roughly $350 billion below the baseline level;
    —  cut net employment by 2.5 million jobs (even after accounting for new “green” jobs); and
    —  reduce earnings for the average U.S. worker by $390 per year.

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The simple facts are that while there is lots of talk about “new” green jobs, what they dont
mention are the jobs that will be killed. That “green” isn’t about “creating” wealth, because
the Democrats are never interested in creating wealth. They are interested in redistributing
it to groups or businesses “they” think deserve it. That cap & trade will necessitate a massive
tariff bureaucracy on every import from every country that doesnt emulate us.
And if you think the world hated us because of George W, you aint seen nothin yet.

NBCC President and CEO Harry Alford notes, “These findings add to a growing body of evidence that demonstrates cap-and-trade would make American consumers poorer and the products they buy more expensive. 

“Moreover, the NBCC study finds there will be little, if any, environmental impact to justify the high price U.S. families will have to pay, since the trading system will deliver virtually negligible changes in global CO2 emissions so long as developing nations such as China and India don’t buy in.

If the Obama bill emulates the European model, it will be a massive giveaway to the coal industry to “not produce”. And international companies are lining up at the trough for these programs, just like they are nationalized health care… so they dont have to pay for them anymore.

Like the big corporate giveaways? Then you’ll love Obama Green.

By the way, if you didn’t check ALL FOUR answers honestly, you don’t believe in global warming. ALL FOUR have to exist for global warming to be real.

About Terry Crowley