Self Interest Won Out Over America's Interest: Waxman – Markey Bill

Waxman – Markey, also known by its ill-suited title the "American Clean Energy and Security Act," passed by the not so reassuring vote of 219 to 212. The battle begins anew in the Senate, where its passage is far less likely (but in this political climate, who knows).

The damage to America's economy, based on a false crisis, will be devastating. The Heritage Foundation validated that by 2035 the bill would cut the GDP of the United States by $6,790 per family of four and impose $4,600 in carbon taxes per family:

House Passes Climate Bill

The Cap and Trade 8

House Narrowly Passes Bill Designed to Influence Earth's Climate by Restricting U.S. Industry and Imposing Costs on American Families

The Economic Impact of the Waxman-Markey Cap-and-Trade Bill

But the media, and other supporters of the American Clean Energy and Security Act, would prefer to ignore Heritage's findings, instead choosing to quote from the flawed Congressional Budget Office, which grossly underestimated the overall cost to the economy, as well as the individual impact:

CBO Grossly Underestimates Cost of Cap and Trade

This bill needs to be stopped before we find ourselves on a course that will damage the worldwide economy to the point of no return., just as it did in Spain and other parts of Europe.

Tilting at Green Windmills

Related Articles:

Climate Change: Who Is Getting Rich

Pelosi will profit from Obama-Waxman-Markety cap-and-trade energy bill

Nancy Pelosi: The Queen of Denial

Nancy Pelosi is either a lair, stupid (or thinks your stupid), or just incompetent...you decide.

Hoyer Declines to Back Up Pelosi's Claim That CIA Misled Congress

Pelosi: Liar, Liar, Pants On Fire Defense

Nancy Pelosi: The Old Liar, Liar, Pants On Fire Defense

Proving once again that some members of the Democratic Party are morally bankrupt, Speaker of House Nancy Pelosi had a Clinton moment when she adamantly denied being briefed on the enhanced interrogation techniques (EII). Since Democrats often forget the truth about history, they do not think that anyone else will remember it either:

Pelosi proved a liar on torture - again

Enhanced Lying

The fact of the matter is that the torture outrage was a manufactured scandal that the mainstream Democrat Party exploited to win elections. The Democrat Party is now reaping what they sowed. Democrats are now being snared in the very net they weaved. A net made of fallacy and deceit.