But don't count on this to be any kind of a victory for common sense economic and science. It's a conflict between the hard lefties and the looney toon lefties. regarding how much damage they get to causeour nation, our economy, and our people over a situation that doesn't exist (anthropogenic "global warming"), and can't be controlled (climate change) no matter what Dem/Lefty/"Progressive" worldview wants you to believe.
Noteworthy:
"Penalizing energy production will not speed technological change - especially when the penalties will simply be passed on to consumers who will find their utility bills skyrocketing. Spending more on utility bills will mean less disposable income for the consumer, less savings, less investment, - in short, a smaller, stagnating American economy as Obama's 'green jobs' pipedream crashes on the shoals of technological reality.In other words, the proverbial cold Day in Hell is imminent.
There are going to be some long, cold winters ahead."
More, from NRO: "Cap and Trade and Tax"
quoting a New York Post article:
"A shocking 22 percent of a typical city apartment dweller's Con Ed electric bill goes to a battery of city, state and federal taxes under a new state rate schedule that kicks in this month, a Post analysis found.People who burn 250 kilowatt hours of electricity per month — what a 750-square-foot apartment might use when air conditioners are turned off — will see their bills jump 4 percent starting this
A big part of that jump is going to a 31 percent boost in Con Ed's property taxes, a 16 percent hike in the company's state and federal income taxes, and a sixfold boost in one of the state's utility taxes, which is rising from 0.33 percent to 2 percent, The Post's analysis shows.
After those levies are toted up in the bill, the city plops some whipped cream onto this tax sundae by imposing 2.35 percent tax on the company's gross receipts that Con Ed passes on to customers.
Then comes the maraschino cherry on top: The whole package is slapped with a 4 percent state sales tax — which in part taxes taxes elsewhere in the bill."
As the article points out, this is all before the Obamanation Hope and Climate Change policy surcharges are added on.
And the worst is yet to come......
We can't say that we never got warned. We were just too stupid as a nation of voters to see through the smoke and mirrors of the Obamarama Crusade.
Now we're stuck with the Obamanation.
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