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March 20, 2009
Brother, Can You Spare $1800?
That's what Obama's own analysts calculate your energy bill will go up per year if his budget is passed.
President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.For those who don't want to do the math, that would add an extra $150 a month to the average American's energy bill. My wife and I are doing pretty well financially, but an extra $150 a month would make things pretty tight.While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.
Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.
As angry as I'm tempted to be at the 52% of Americans who voted for Obama, intellectual honesty forces me to acknowledge that McCain would have done the same thing. Thus proving our political class is disgustingly out of touch with the average American. (H/t: Jenfidel's Twitter)
Posted by slublog at March 20, 2009 08:19 PM
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Comments
Good luck taxing my wood pile!
Posted by: downfleeced at March 23, 2009 10:29 AM
Isn't our Commander in Chief doing a great job? No, really, he's taxing the rest of the americans that pay their bills, then passing a stimulus (to those which I like to call housing welfare) to bail those out that can't pay it.
Posted by: coldmexican at March 23, 2009 11:58 PM
No matter that any green absurdity will cost more than carbon footprint.
the recent 'tongan' eruption has put more greenhouse gasses in the air then then any man made endeavor.
we have no idea how our earth decides things, it's a cycle.
Posted by: coldmexican at March 24, 2009 12:37 AM
Great. I can barely afford my heating bills now. On the plus side, this will finally make getting that fireplace insert economically feasible, if only because my electricity will get shut off three weeks into winter. Not paying that will give me time to save for the stove!
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