Climate bill

Dear Editor:Capping emissions is capping economic growth. An analysis of the Waxman-Markey bill by the Heritage Foundation projects that by 2035 it would reduce aggregate gross domestic product by $7.4 trillion. In an average year, 844,000 jobs would be destroyed, with peak years seeing unemployment rise by almost 2 million. Consumers would pay through the nose as electricity rates would necessarily skyrocket, as President Obama once put it, by 90 percent adjusted for inflation. Inflation-adjusted gasoline prices would rise 74 percent, residential natural gas prices by 55 percent, and the average family's annual energy bill by $1,500. Hit hardest by all this would be the "95 percent of working families" Obama keeps mentioning as being protected from increased taxation. They are protected, that is, unless they use energy. Then they'll be hit by this draconian energy tax. President Obama has called on the U.S. to "lead by example" on global warming. During the campaign, he said "We can't drive our SUVs and eat as much as we want and keep our homes on 72 degrees at all times, and then just expect that other countries are going to say OK." Soon we may not be able to. Other countries can just sit back and watch Rep. Lucille Roybal-Allard and the Liberal Socialist destroy us. - Bill Spetnagel, Downey

********** Published: July 10, 2009 - Volume 8 - Issue 12