There is no shortage of threats to our economy. America's unemployment rate recently hit its highest mark in more than 25 years and is expected to continue climbing. Worries are widespread that even when the economy finally rebounds, the recovery won't bring jobs. Our nation's debt is unsustainable, and the federal government's reach into the private sector is unprecedented.
Unfortunately, many in the national media would rather focus on the personality-driven political gossip of the day than on the gravity of these challenges. So, at risk of disappointing the chattering class, let me make clear what is foremost on my mind and where my focus will be:
I am deeply concerned about President Obama's cap-and-trade energy plan, and I believe it is an enormous threat to our economy. It would undermine our recovery over the short term and would inflict permanent damage.
American prosperity has always been driven by the steady supply of abundant, affordable energy. Particularly in Alaska, we understand the inherent link between energy and prosperity, energy and opportunity, and energy and security. Consequently, many of us in this huge, energy-rich state recognize that the president's cap-and-trade energy tax would adversely affect every aspect of the U.S. economy.
There is no denying that as the world becomes more industrialized, we need to reform our energy policy and become less dependent on foreign energy sources. But the answer doesn't lie in making energy scarcer and more expensive! Those who understand the issue know we can meet our energy needs and environmental challenges without destroying America's economy.
Job losses are so certain under this new cap-and-tax plan that it includes a provision accommodating newly unemployed workers from the resulting dried-up energy sector, to the tune of $4.2 billion over eight years. So much for creating jobs.
In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.
The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.
The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will "necessarily skyrocket." So much for not raising taxes on anyone making less than $250,000 a year.
Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, "poor people are going to pay a lot more for electricity."
We must move in a new direction. We are ripe for economic growth and energy independence if we responsibly tap the resources that God created right underfoot on American soil. Just as important, we have more desire and ability to protect the environment than any foreign nation from which we purchase energy today.
She's right, as are so many who are fighting the passage and implementation of "crap and tax." It will be devastating to the US economy, and it's about time someone in the party stepped forward to really take this to the president as no one else seems to be making the argument. Of course, what can we expect from a Congress that, at least on some level, has bought into the global warming BS. If you haven't read or heard it yet from the lips of the Goracle, on 7 July he stated that this bill, and others like it, would help bring about "global governance". See this isn't just about robbing the people of this nation of their wealth. This is an attempt to control us in every facet of our lives.
They will tax us on every aspect of energy use, no matter how small it may be. And for those that don't use nearly as much as others, to make it fair, they'll likely see a tax that hits them just for being, well, alive. After all, we've had this crap rammed down our throats for the last few years that the current carbon dioxide levels are dangerous. Really? Then I guess the science I learned back in junior high and high school was wrong. After all, I was under the impression (and the good brothers and sisters taught this to their students) that we need carbon dioxide. Plants take it in and convert it to oxygen for us to breathe.
As they say, read it all. She hits Barry where he needs to be hit. His facts are wrong, and only serve as repetitious talking points for the "tingling class" to repeat to the lemmings that drink up the kool-aid. Kudos to Sarah Palin for coming out swinging and not sitting on the sidelines like so many of our elected representatives have decided to do.