The Truth About the American Clean Energy and Security Act(H.R. 2454)

Congress will vote friday on H.R. 2454 ot regulate carbon-dioxide emissions to fight global warming. The Congressional Budget Office estimates that the "cap and trade" would create 846 billion dollars in higher taxes and increases federal spending by 821 billion dollars. This will automatically send up food prices, utility bills and generate a mass amount of job losses. This according to The Washington Post.

Has the Obama administration truly not learned their lesson? If this happens to pass in Congress, this will be another big fraud to add to the long list of cronyism displayed in this transition of power.

This bill is backed thoroughly by President Barack ObamaBarack Obama. Obama stated on June 23rd, "“This legislation is paid for by the polluters who currently emit the dangerous carbon emissions that contaminate the water we drink and pollute the air that we breathe. It also provides assistance to businesses and communities as they make the gradual transition to clean energy technologies.”

With that said, you think about why people are able to pollute and emit carbon? Oh, I think I know? People inventing and not being advised at how much they could pollute with the invention of such emissions. To blame it on the taxpayers is not smart. After all we own this country.

As we know carbon is involved in alot of companies, so what kind of deals are being discussed in the dark? Republicans complained in the House Energy and Commerce Committe report that if enacted the bill, “would impose major new costs and expansive regulatory controls over a weak and struggling U.S. economy.” They are absolutely right about this.

Rising Utility Bills: “The bill would impose enormous new direct and indirect costs on U.S. consumers and would have major implications for financial markets and international trade and commerce.”

Full Costs Of Bill Unknown: “The full costs of implementing the bill are not known and the bill was considered and reported by the Committee before cost estimates of all the titles were prepared or made available. While prices for energy and goods and services would rise for virtually all Americans, certain regions of the country will be particularly adversely affected by the legislation.”

More Job Losses: “Enactment of this legislation will unquestionably cause job losses in the U.S. in the manufacturing, industrial and other energy-intensive sectors.”

More Unfunded Mandates: “Upon the date of enactment of this bill, a 30 percent increase in building efficiency is required. Effective January 1, 2014, for residential buildings and January 1, 2015, for commercial buildings, an additional 50 percent increased efficiency is required. Subsequent three-year targets of additional five percent increases in efficiency are mandated through January 2030. These targets and deadlines were established with no concern for cost and with no assessment of feasibility.”

This is really unbelievable coming from a person who used lower taxes as one of the strategies to win the people over. When will someone call him out? We're letting the Fed run a muck and things are about to get hectic.