Climate Bill

Yesterday the CAP and Tax Bill was narrowly passed the House of Rep. This will cost jobs and costs the average American family more in taxes and will most likely kill the coal industry costing thousands of jobs. Here's some information form the Heritage Foundation .Org website. A site I highly recommend.

June 25, 2009
Waxman-Markey Global Warming Bill: Economic Impact by Congressional District
by Karen Campbell, Ph.D. and David Kreutzer, Ph.D.
WebMemo #2504
It has become quite clear over the past several months that placing a cap on carbon emission--via rationing, taxing, and eliminating consumer choice--will have major implications for American families and the economy.
An analysis of the Waxman-Markey bill (as reported out of the House Committee on Energy and Commerce) by The Heritage Foundation found that unemployment will increase by nearly 2 million in 2012, the first year of the program, and reach nearly 2.5 million in 2035, the last year of the analysis. Total GDP loss by 2035 would be $9.4 trillion. The national debt would balloon as the economy slowed, saddling a family of four with $114,915 of additional national debt. Families would also suffer, as the bill would slap the equivalent of a $4,609 tax on a family of four by 2035.[1]
Heritage is not alone in its assessment. The National Black Chamber of Commerce[2] and the Brookings Institution[3] also project huge job losses. Proponents of a national energy tax will quickly point to a recent Congressional Budget Office memo[4] and Environmental Protection Agency[5] analysis suggesting low per family costs. Those estimates are grossly inaccurate, as both the CBO memo and the EPA's analysis contain flaws too serious for use as measures of the economic impact of the Waxman-Markey bill.
While national numbers are startling, many Members of Congress may be tempted to assume that their congressional districts will not be affected because they "cut a deal" or they have an incomplete view of how the American economy functions. Thus, it is crucially important that the Members making decisions, and the people affected by those decisions, understand how their congressional districts will be impacted by Waxman-Markey, or any type of national energy tax.
The table below lays out six congressional district specific data points:
Gross State Product Loss in 2012: This number is the amount of economic destruction that will occur in that district in the first year of the cap-and-trade regime.
Average Gross State Product Loss, 2012-2035: Same as above, only it is the average economic destruction in the district for the bill's first 24 years.
Personal Income Loss in 2012: This number represents the reduction in consumer spending power in a district in the first year of the cap-and-trade regime.
Average Personal Income Loss, 2012-2035: Same as above, only it is the reduction in consumer spending power in the district for the bill's first 24 years.
Non-Farm Job Loss in 2012: Jobs are jobs, and in the first year of the cap-and-trade regime, each district will have significantly less than they otherwise could.
Average Non-Farm Job Loss, 2012-2035: This number is crucially important because it demonstrates that no district gains jobs, even in the long run; the increase in "green jobs" does not outweigh the decrease in jobs elsewhere.
A Final Note on Jobs
During the "stimulus" debate, White House Press Secretary Robert Gibbs lamented that "more companies [have] announced mass layoffs."[6] The Bureau of Labor Statistics defines mass layoffs as "where private sector nonfarm employers indicate that 50 or more workers were separated from their jobs for at least 31 days." Under Waxman-Markey, on average each congressional district would experience the equivalent of more than 52 mass layoffs.
Although losing several thousand jobs may not seem like a lot to some politicians who are stuck inside the beltway, the mass layoffs resulting from Waxman-Markey should make any politician--and hard working American--cringe.
Appendix: Table 1
Karen A. Campbell, Ph.D., is Policy Analyst in Macroeconomics and David W. Kreutzer, Ph.D., is Senior Policy Analyst for Energy Economics and Climate Change in the Center for Data Analysis at The Heritage Foundation.
[1]William W. Beach, David Kreutzer, Karen Campbell, and Ben Lieberman, "Son of Waxman-Markey: More Politics Makes for a More Costly Bill," Heritage Foundation WebMemo No. 2450, May 18, 2009, at http:///Research/EnergyandEnvironment/wm2450.cfm.
[2]David Montgomery et al., "Impact on the Economy of the American Clean Energy and Security Act of 2009 (H.R.2454)," prepared for the National Black Chamber of Commerce by CRA International, May 2009, at http://www.nationalbcc.org/images/stories/documents/CRA_Waxman-Markey_%205-20-09_v8.pdf (June 24, 2009).
[3]Warwick McKibbin et al., "Consequences of Cap and Trade," Brookings Institution, June 8, 2009, at http://www.brookings.edu/~/media/Files/events/2009/0608_climate_change_economy/20090608_climate_change_economy.pdf (June 24, 2009).
[4]Nicolas D. Loris, "CBO Grossly Underestimates Costs of Cap and Trade," The Heritage Foundation, June 22, 2009, at http://blog.heritage.org/2009/06/22/cbo-grossly-underestimates-costs-of-cap-and-trade/.
[5]Nicolas D. Loris, "EPA's Flawed Cap and Trade Analysis," The Heritage Foundation, May 22, 2009, at http://blog.heritage.org/2009/05/22/epas-flawed-cap-and-trade-analysis/.
[6]Press release, "Press Briefing by Press Secretary Robert Gibbs," the White House, January 30, 2009, at http://www.whitehouse.gov/the_press_office/Press_Briefing_1-30-09/ (June 24, 2009).

This bill needs to be stopped..Write to your Senators and tell them to vote against this bill.

Here is where you can find the number for the Senator that represents you.



http://www.senate.gov/general/contact_information/senators_cfm.cfm

On another issue I was sent this and felt it was worth passing on.


If the our system works as planned and the law prevails, he could be removed from office.
Snopes mentioned this in a short statement, but did not elaborate. (Now we know why he is so eager to get Sottomayer appointed!)
BOMBSHELL…Supreme Court now has Obama Citizenship
AP- WASHINGTON D.C. - In a move certain to fuel the debate over Obama's qualifications for the presidency, the group Americans for Freedom of Information has Released copies of President Obama's college transcripts from Occidental College Released today, the transcript indicates that Obama, under the name Barry Soetoro, received financial aid as a foreign student from Indonesia as an undergraduate at the school.
The transcript was released by Occidental College in compliance with a court order in a suit brought by the group in the Superior Court of California. The transcript shows that Obama (Soetoro) applied for financial aid and was awarded a fellowship for foreign students from the Fulbright Foundation Scholarship program.
To qualify, for the scholarship, a student must claim foreign citizenship. This document would seem to provide the smoking gun that many of Obama's detractors have been seeking.
Along with the evidence that he was first born in Kenya and there is no record of him ever applying for US citizenship, this is looking pretty grim. The news has created a firestorm at the White House as the release casts increasing doubt about Obama's legitimacy and qualification to serve as president.
When reached for comment in London , where he has been in meetings with British Prime Minister Gordon Brown, Obama smiled but refused comment on the issue.
Britain 's Daily Mail also carried the story in a front-page article titled, Obama Eligibility Questioned leading some to speculate that the story may overshadow economic issues on Obama's first official visit to the U.K.
In a related matter, under growing pressure from several groups, Justice Antonin Scalia announced that the Supreme Court agreed on Tuesday to hear arguments concerning Obama's legal eligibility to serve as President in a case brought by Leo Donofrio of New Jersey .
This lawsuit claims Obama's dual citizenship disqualified him from serving as president. Donofrio's case is just one of 18 suits brought by citizens demanding proof of Obama' s citizenship or qualification to serve as president.
Gary Kreep of the United States Justice Foundation has released the results of their investigation of Obama's campaign spending. This study estimates that Obama has spent upwards of $950,000 in campaign funds in the past year with eleven law firms in 12 states for legal resources to block disclosure of any of his personal records. Mr. Kreep indicated that the investigation is still ongoing but that the final report will be provided to the U.S. Attorney General, Eric Holder. Mr. Holder has refused to comment on the matter.

Pass this along. So far, Obama's mainstream media haven't touched it!
I urge everyone to write their Senetors on this as well and demand an investigation.

Remember, they work for us, and if they want to keep working for us, they need to listen to us.
PLEASE DO NOT IGNORE THESE ISSUES.

Now I am off to enjoy my birthday weekend

That's E's View