Democrats Nancy Pelosi, Henry Waxman and Edward Markey, and yes even Obama have invested millions in energy companies that will get the call for this new Cap and Trade. Al Gore’s company that will track carbon footprints stands to be the only company to do this for the government and will make a fortune. So this is obviously politically motivated no matter what Liberals tell you.


Nancy Pelosi has gone out to even threaten the new blue dog freshman congressmen in voting for this bill. She has succeeded and has also strong-armed some Republicans as well.


So when liberals complained that the Republican who spent hog wild and had their own agenda and wanted change, this is what they are getting. A Democratic Congress that puts their special interest first before the country. We have close to 10% unemployment and an economy that is on the boarder line of bankruptcy, but let’s all pass this Cap and Trade bill that will cost even more jobs.


Funny how liberals complained that George Bush and the Republicans increased the deficit, but in just six months, Obama has managed to double it and will increase it 10 times as much before he leaves office. I don’t hear the liberals on that? How strange. A tax cut for 90% of people that make under $250k was suppose to happen, you mean to tell me Obama didn’t mention this tax. Opps.


House Democrats expect to gain passage of the Waxman-Markey version of President Obama's "cap-and-trade" anti-global warming energy bill. When the latest version of the bill text was released, it ran to more than 1,200 pages. But when House members casted their votes last Friday, the text was even longer, thanks to the compromise reached to gain support from House Agriculture Committee Chairman Rep. Collin Peterson, D-MN, and other farm state Democrats. Regardless of the bill's length, however, it is highly unlikely that more than a handful of members will have actually read the bill before they vote. It is such eyes-wide-shut voting by Congress that allows monstrosities like this to become law.

Crafted with the blessing of the Obama White House by House Energy and Commerce Committee Chairman Rep. Henry Waxman, D-CA, and Rep. Edward Markey, D-MA, who chairs that panel's key subcommittee, the bill will sock it to every American who drives a car, has a monthly utility bill or buys essentials like food and clothing. Experts estimate the annual costs will approach $3,000 for every family within a few years. In return for this wallop to Middle America's wallet, there will be virtually no change in the amount of greenhouse gases (GHGs)emitted into the atmosphere, the reduction of which is supposed to be the bill's main purpose.

Under the bill's cap-and-trade system, federal officials will cap the total amount of GHGs that can be emitted annually, on a schedule that requires a three percent cut by 2012, 17 percent by 2020, and 83 percent by 2050. Officials will also issue "credits" to be bought by businesses that satisfy the caps and which can then resell them to businesses that fail to do so. The government will collect nearly a trillion dollars in new revenue via an energy tax on those credits. But since 85% of the energy consumed by Americans is now and will inevitably continue for at least two decades to be produced using fossil fuels - which are the heaviest generators of GHGs - the caps will force energy rationing on America for the first time since World War II.

An econometric study by The Heritage Foundation's Center for Data Analysis projects that the Obama-Waxman-Markey will cause nearly $10 trillion in economic losses by 2035, including an estimated 1,145,000 jobs and a 57% plunge in farm profits. But not everybody will be losers. Politicians in Congress will have more tax dollars to spend and there will be thousands of new jobs for Washington bureaucrats.