Friday, May 22, 2009

Democrats propose legislation to increase energy prices and unemployment.

Democrats hate the high standard of living that we have in America. Case in point: Henry Waxman, a Democrat elected by the rich and famous in Beverly Hills, wants to impose a "cap and tax" bill that will substantially raise energy prices for millions of Americans. The Congressional Budget Office estimates that 80 percent of Americans can expect a rise in their energy bills and a reduction in real income because of the cap and trade bill. Further, interestingly enough, the legislation itself reveals the fact that Americans will lose jobs.

Tucked away in the legislation, the act states (
Part 2, section 426): "An eligible worker, specifically workers who lose their jobs as a result of this measure, may receive a climate change adjustment allowance under this subsection for a period of not longer than 156 weeks." This means that Americans are guaranteed to lose their jobs, but Congress will provide "handouts" to compensate for this loss!

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