So I love that the Democrats complained that George Bush has his own agenda but this sure seems like Obama and Congress have theirs so how is this any different? The facts are that unemployment will go higher than 10% and recovery is out of the question this year.

Great start to Obama’s historic Presidency.

This week a late night deal was struck on the national energy tax. Clearly, Speaker Pelosi is running a machine, and was able to strong-arm a number of moderate Democrats to stand against their own districts and support this energy tax. Now, Speaker Pelosi is trying desperately to get a vote by tomorrow.

This national energy tax would possibly be the largest tax increase in American history, cause gas and electricity prices to skyrocket*, and add to our already spiraling federal deficit. We cannot afford this.

Here are some points* to bring up. The energy tax would:

  1. Reduce aggregate gross domestic product (GDP) by $9.6 trillion
  2. Destroy an average of 1-3 million jobs, every year
  3. Raise electricity rates 90 percent after adjusting for inflation
  4. Raise inflation-adjusted gasoline prices by 74 percent
  5. Raise residential natural gas prices by 55 percent
  6. Raise an average family's annual energy bill by $1,500 annually
  7. Increase the federal debt by 26 percent, which is $29,150 per person

With each spending proposal Obama rolls out, the deficit grows astronomically and the American people are growing more concerned. Here is just some numbers which are staggering:

  1. $38 billion for the State Children’s Health Insurance Program reauthorization between 2010 and 2019
  2. $787 billion fiscal stimulus bill
  3. $75 billion homeowner stability program
  4. $125 billion “place holder” of additional financial stabilization funds
  5. $22 billion for Cap and Trade program in 2020


So how will all of this be paid for? The administration says and argues that the bulk of the money will come from spending cuts on the war in Iraq, doing away with unnecessary government programs, and taxing the hell out of the rich ($250k and higher)

But even taxing the rich won’t come close to the dollars they need, even if you lower the bracket to $120k and even lower will not make a significant dent. So the taxes will come across the board on utilities and other necessities while the tax bra