Clearly, that sort of tax hike isn’t something the American taxpayers can afford in any economic environment – let alone this one – even if the legislation were to accomplish its stated objectives of reducing global carbon emissions.
But that’s another fundamental problem.
Neither “cap and trade” nor excessive EPA regulation will do anything to stop countries like China from building dozens of new “dirty” coal plants over the next decade – and perhaps beyond. And frankly, neither will the $50 billion a year that Obama is seeking to steer into a United Nations “climate change fund” for developing nations – part of an international shakedown which columnist Charles Krauthammer has correctly dubbed “wealth redistribution via global socialism.”
Speaking of China (and enviro-scams), it’s also worth noting that America’s new “bailout banker” is one of several countries benefiting from billions of U.S. taxpayer dollars that were supposed to create “green jobs” here in America – yet another example of the true face of eco-socialism.
Fortunately, Sen. Rockefeller and others like him are standing up for American jobs by refusing to let Obama hand the reins of the EPA over to the same environmental kooks who recently ran the U.N.’s Intergovernmental Panel on Climate Change into the ground.
Perhaps these courageous Democrats can finally teach the President the meaning of the word “No,” although from the looks of it voters may have to do that for themselves in 2012.