Namely what you speak of in your recover plan (by now I am sure that everyone has read it) regarding legislation to create a cap and trade system on greenhouse gas emissions for the production of energy. Now dumb azz me wants to know what the fuck is a cap and trade system on greenhouse gas emissions? And why does it seems that Carol Browner seem to be able to foster this position without the economist on your team having a say so on this proposal?
I worry both about the short and long term economic impact of mandating energy company’s pay for the right to emit carbon dioxide. To me taxing the release of carbon is a carbon tax that will be passed out to folk like me who hurting the most. This is really just an increases in the cost of energy for not only will production and transportation cost go up but also the cost of staples such as food. For we all know the few manufactures left in
Obama’s administration is proposing goals and timelines for reduction of greenhouse gases, primarily carbon dioxide. If so, to me this is saying your recovery plan is designed to make unemployment higher and encourage less economic growth. Maybe the President should stop kicking it with the man who lost his own state when he ran for the Presidency and the self proclaimed inventor of the internet Al Gore. Because to me, this sounds like some Al Gore shit. That’s right; him and his folks are SELLING Carbon credits via his new company.
And don’t hate, all I am saying that President Barack Obama’s plan to raise taxes on greenhouse gas polluters (big industry) will just be a tax increase for all. I mean at least think that the possibility exist that these big companies as all normally do, will just mean higher electric bills. I’m sure the President will raise his anticipated $646 billion over 10 years, but at the cost of folk here who will have given a trillion dollars to big banks and Wall Street companies. Because derivative traders the likes that grew out of the Enron school of thought will end up with more loot in their hands -
So for me, its just hard to figure out how the Obama budget will work or is factual seeming that it is purported on getting billions from a program that doesn't exist and for which no legislation is written for. Especially after reading the MIT report on the subject (which says you wont raise as much loot as the administration claims). Maybe I should be looking at Harlem Nights or