Obama to send U.S. jobs overseas?
I am neither a scientist nor economist, but do claim a small measure of common sense. Guess what Obama has in the budget for 2010? "...the most important single item in President Obama's budget is his commitment to a cap-and-trade plan (to limit and reduce carbon emissions). It represents nothing less than an absolutely breath-taking attempt at reengineering the entire American economy. The White House expects the system will begin generating revenue for the government in 2012. By auctioning off carbon permits, the White House expects the plan to bring some $80 billion a year between from 2012 to 2019." Obama's $646 Billion Cap-And-Trade Green Tax - Capital Commerce (usnews.com)
Who is going to pay this new tax? Consumers pay all taxes. And what will the unintended consequence of this new tax? According to an analysis of America's Climate Security Act of 2007, "The net job losses from S. 2191 are estimated by Charles River Associates to be 1.2 million to 2.3 million by 2015.[9] Some of these jobs will be lost for good, due to the impact of higher energy costs on economic activity. Others, chiefly in the manufacturing sector, will be sent overseas." Beware of Cap and Trade Climate Bills
Obama says of his budget: " I see it as a vision for America – as a blueprint for our future." Organizing for America
Is this the change you want? Fewer jobs and higher taxes?