Cap and trade will raise prices for Americans

Obama’s cap and trade program will impose an estimated $65 billion tax on businesses per year. Now the cost of that tax will be shifted to consumers in the form of higher prices. Obama knows this as he is on record admitting it but apparently raising prices during this recession/depression is of no concern for him.

Wall Street Journal

Once the government creates a scarce new commodity — in this case the right to emit carbon — and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag — now Mr. Obama’s budget director — told Congress last year that “Those price increases are essential to the success of a cap-and-trade program.”

Here’s a Fox News report.

Because government control of yet another foundational industry and the revenue streams from taxing carbon credits are part of Obama’s Marxist agenda, the impact on the American people’s lives is unimportant. The make-believe threat of global warming is such an ideal vehicle for him to impose his agenda. Marxists never really care about the people. It’s all about control; as long as they have it, they don’t care how their policies affect people’s lives.

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