Obama's 'Global Warming' Cap'n Trade nonsense: Higher energy costs, slower ecomic growth, higher unemplyment

All to fix a problem that doesn't exist, to fulfill a foolish libthink cherished agenda item.....

Tom Borelli has details:

"The Congressional Budget Office found that investors and workers in the energy sector would suffer losses due to the decline in energy-intensive industries. Not surprisingly, since Obama’s victory, investors have punished coal stocks.

The CBO also says the cost of cap-and-trade will be 'borne by consumers, who would face persistently higher prices for products like electricity and gasoline.' The CBO adds that these added costs would preferentially harm low-income households.

The cost to consumers in not unknown to Obama, who has acknowledged, 'Under my plan of a cap-and-trade system, electricity rates would necessarily skyrocket...'"

No big deal, according to BarryO. We'll just pay the electric bill for the "less advantaged" by raising taxes some more...and more...and more...and more.................