TheHill.com - Not all senators warming to Obama cap-and-trade ...
This is a way to get revenue for the government. This will increase the cost of everything we buy! And Obama knows this. He knows that this will cause hardship, especially for those "low-wage earners" he professes to care so much about, and he doesn't care! This increases the size and scope of government and will send more companies looking for other places to produce their products and thereby increase unemployment. How can he continually spout how much he is concerned about the 'poor' and then turn around and do something he KNOWS will hurt those very same people?! His 'tax cut' (I won't go into what a crock that is right now) for 95% of Americans will be completely offset by the projected increase in living expenses ($700-$1,400 per household).
As anyone who has ever studied economics at all should know the companies who must pay the carbon tax (and that is what it is) will pass on that cost to the consumer! That is us!! That is the people that Obama has given a 'tax cut' to! How will this help the economy? How will this help America recover? How is this upholding the Constitution?
I sincerely hope this doesn't pass, but I am afraid it will because "The One" is used to getting his way!
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