Showing posts with label obama. Show all posts
Showing posts with label obama. Show all posts
Saturday, April 11, 2009
Monday, March 23, 2009
Obama and Your Electric Bill
Obama and Your Electric Bill
by Ernest Istook
03/19/2009
President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.
While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.
Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.
As the Washington Times reported:
President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed by the White House. . . . At the meeting, Jason Furman, a top Obama staffer, estimated that the president's cap-and-trade program could cost up to three times as much as the administration's early estimate of $646 billion over eight years.
Put another way, Furman estimates the cap-and-trade scheme will cost, on average, $250 billion annually. That estimate must be taken seriously because Furman is deputy director of Obama’s National Economic Council.
So what does this mean to everyday Americans? Let’s put those numbers into context.
Total electricity sales (business and residential combined) run about $343 billion a year (according to 2007 Department of Energy figures). Throw in our other energy expenses -- gasoline, natural gas, etc. -- and the U.S. Department of Energy estimates our total energy spending at “over $500 billion.”
So Obama’s $250-billion a year energy tax could approach a 50% increase in what you, as a consumer, pay for energy, since all costs are passed along to consumers. Yet the Obama budget audaciously claims that it will “reduce utility bills”
According to the White Fence Index, the average home utility bill is $297 per month, which is about $3,600 per year. So a 50% increase would be $1,800 per year under the Obama proposal. This far exceeds a Heritage Foundation projection of $467 a year in higher utility bills under an earlier U.S. Senate energy tax plan. That less-aggressive plan, though, could have cost 500,000 to 1 million jobs, according to Heritage. Who knows how many jobs would be lost under Obama’s more burdensome plan? The lost jobs would become “gangrene jobs,” a counter to Obama’s claim to create new “green jobs.”
The White House and Mr. Furman try to justify drastically higher energy costs by offsetting it with their plan to give 95% of American families a permanent $800 per year “Making Work Pay” tax credit. (42% of that “tax cut” would actually go to people who don’t pay any income tax.) But even with the $800 subsidy, the net loss is $1,000 per family per year.
Obama also proposes to use the new energy tax to subsidize “green energy” technologies. The idea is to replace affordable nuclear and fossil energy sources with (far more expensive) renewal energy. Replacing cheap power with expensive power will raise energy costs even above the increase attributable to Obama’s energy tax.
Obama and his allies justify it all by claiming it’s necessary to save the planet from man-made global warming, even though the Earth for many years has been cooling instead.
A recent Gallup poll found a record-high 41% of Americans now believe mainstream media exaggerate global warming dangers in their reporting. They are not alone.
The ranks of skeptics keep expanding among the experts as well. More than 800 experts who are dubious about environmental alarmism attended this month’s International Conference on Climate Change. That group so far has gathered signatures of more than 31,072 American scientists who endorse this conclusion: "There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate.”
Yet President Obama and his political allies in Congress are pushing aggressively for climate change legislation as a centerpiece of their agenda.
Americans angered by the big-spending liberal bent in Washington are already organizing tea parties in protest. In addition to making teabags the symbol of protest, perhaps thermometers should be included as well. Slogans such as, “Hands Off My Guns” may be replaced by “Hands Off My Thermostat.”
Nevertheless, one major man-made threat of global warming should never be overlooked -- the quantity of hot air being emitted in Washington, DC.
--------------------------------------------------------------------------------
Ernest Istook calls himself a "recovering Congressman" from Oklahoma. He is now a Distinguished Fellow at The Heritage Foundation and chairs the National Advisory Board for Save Our Secret Ballot, www.SOSballot.org.
by Ernest Istook
03/19/2009
President Obama’s energy tax plan -- a version of the failed European “cap and trade” global warming fiasco -- may cost families $1,800 yearly in higher utility bills, far exceeding his promised $800 a year tax cut for 95% of Americans.
While campaigning, Obama admitted that his energy plan would cause electric bills to “skyrocket.” Few took note, perhaps because Sen. John McCain also backed some form of a “cap-and-trade” energy tax.
Obama’s official budget claims that his proposed energy tax would add $646 billion to energy costs over 8 years. But that’s low-balling it.
As the Washington Times reported:
President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed by the White House. . . . At the meeting, Jason Furman, a top Obama staffer, estimated that the president's cap-and-trade program could cost up to three times as much as the administration's early estimate of $646 billion over eight years.
Put another way, Furman estimates the cap-and-trade scheme will cost, on average, $250 billion annually. That estimate must be taken seriously because Furman is deputy director of Obama’s National Economic Council.
So what does this mean to everyday Americans? Let’s put those numbers into context.
Total electricity sales (business and residential combined) run about $343 billion a year (according to 2007 Department of Energy figures). Throw in our other energy expenses -- gasoline, natural gas, etc. -- and the U.S. Department of Energy estimates our total energy spending at “over $500 billion.”
So Obama’s $250-billion a year energy tax could approach a 50% increase in what you, as a consumer, pay for energy, since all costs are passed along to consumers. Yet the Obama budget audaciously claims that it will “reduce utility bills”
According to the White Fence Index, the average home utility bill is $297 per month, which is about $3,600 per year. So a 50% increase would be $1,800 per year under the Obama proposal. This far exceeds a Heritage Foundation projection of $467 a year in higher utility bills under an earlier U.S. Senate energy tax plan. That less-aggressive plan, though, could have cost 500,000 to 1 million jobs, according to Heritage. Who knows how many jobs would be lost under Obama’s more burdensome plan? The lost jobs would become “gangrene jobs,” a counter to Obama’s claim to create new “green jobs.”
The White House and Mr. Furman try to justify drastically higher energy costs by offsetting it with their plan to give 95% of American families a permanent $800 per year “Making Work Pay” tax credit. (42% of that “tax cut” would actually go to people who don’t pay any income tax.) But even with the $800 subsidy, the net loss is $1,000 per family per year.
Obama also proposes to use the new energy tax to subsidize “green energy” technologies. The idea is to replace affordable nuclear and fossil energy sources with (far more expensive) renewal energy. Replacing cheap power with expensive power will raise energy costs even above the increase attributable to Obama’s energy tax.
Obama and his allies justify it all by claiming it’s necessary to save the planet from man-made global warming, even though the Earth for many years has been cooling instead.
A recent Gallup poll found a record-high 41% of Americans now believe mainstream media exaggerate global warming dangers in their reporting. They are not alone.
The ranks of skeptics keep expanding among the experts as well. More than 800 experts who are dubious about environmental alarmism attended this month’s International Conference on Climate Change. That group so far has gathered signatures of more than 31,072 American scientists who endorse this conclusion: "There is no convincing scientific evidence that human release of carbon dioxide, methane, or other greenhouse gases is causing or will, in the foreseeable future, cause catastrophic heating of the Earth's atmosphere and disruption of the Earth's climate.”
Yet President Obama and his political allies in Congress are pushing aggressively for climate change legislation as a centerpiece of their agenda.
Americans angered by the big-spending liberal bent in Washington are already organizing tea parties in protest. In addition to making teabags the symbol of protest, perhaps thermometers should be included as well. Slogans such as, “Hands Off My Guns” may be replaced by “Hands Off My Thermostat.”
Nevertheless, one major man-made threat of global warming should never be overlooked -- the quantity of hot air being emitted in Washington, DC.
--------------------------------------------------------------------------------
Ernest Istook calls himself a "recovering Congressman" from Oklahoma. He is now a Distinguished Fellow at The Heritage Foundation and chairs the National Advisory Board for Save Our Secret Ballot, www.SOSballot.org.
Wednesday, March 18, 2009
Building A Head of Steam
This is a piece I wrote on my blog www.timetorevoltamerica.com, but I think it is quite applicable to our Tea Party movement.
I hear a low rumble across the land, a steady build-up of steam that grows with each passing day. It began with the same sounds of discontent heard across America every four years by those unhappy with the results of an election that decides who will become President. But something is different this time, after this short post-inaugural period, that defies precedent. Whilst half of the nation moves ahead with either blind hope, complete ignorance, or inward glee at how our country is being "fundamentally transformed" as Obama promised he would, the remaining populace, whose views are ignored by the main stream media outlets, slowly boils. Every move made by this administration and this Congress in its 2 month infancy adds fuel to the fire.
The hopes that Obama would govern from the center, in spite of his past, have been dashed. Talk of transparency, of the most ethical White House ever, of a post-partisan leadership style that would reach across the aisle, of centrist campaign themes to woo moderates, all dashed. Just Words! Just Speeches! Obama mocked talk of his "social-is-tic" views during the campaign, and yet to those who know history, his actions speak oh-so-loudly of his core beliefs. Within his first 28 days in office, our new President has laid the framework for universal healthcare, redistribution of income, increased entitlement programs, decreased national security, and most of all, big government spending with trillion dollar deficits as far as the eye can see. All the while, the sickly economy from which The One was to save us, reels in response to his every move.
Meanwhile, those whom the media chooses to ignore, those who see the writing on the wall in bright red ink, are filled with a sense of dread. They know these are not normal times, that theirs is not normal partisan angst. They sense a cataclysmic shift in the very foundation of the government, from which the country may never recover. They are angry, scared, confused; they feel powerless, their views unrepresented. And as the scope and power of their feelings grow by the day, so do their numbers, as more people take off the rose colored glassed and actually look over the precipice to which we are being led.
They know what others before them in history have done to alter the course of their fates. But they are, as of yet, unsure of what to do, how to act. There comes a time when one realizes that not to act is to acquiesce, and subsequently burden one's children and grandchildren with the consequences of one's failure to make a stand. At what point, if ever, will the courage of the disaffected kick in? An eruption is brewing. We have the power to harness it's energy with coordinated effort, or we can let it explode unchecked and let the chips fall where they may.
I hear a low rumble across the land, a steady build-up of steam that grows with each passing day. It began with the same sounds of discontent heard across America every four years by those unhappy with the results of an election that decides who will become President. But something is different this time, after this short post-inaugural period, that defies precedent. Whilst half of the nation moves ahead with either blind hope, complete ignorance, or inward glee at how our country is being "fundamentally transformed" as Obama promised he would, the remaining populace, whose views are ignored by the main stream media outlets, slowly boils. Every move made by this administration and this Congress in its 2 month infancy adds fuel to the fire.
The hopes that Obama would govern from the center, in spite of his past, have been dashed. Talk of transparency, of the most ethical White House ever, of a post-partisan leadership style that would reach across the aisle, of centrist campaign themes to woo moderates, all dashed. Just Words! Just Speeches! Obama mocked talk of his "social-is-tic" views during the campaign, and yet to those who know history, his actions speak oh-so-loudly of his core beliefs. Within his first 28 days in office, our new President has laid the framework for universal healthcare, redistribution of income, increased entitlement programs, decreased national security, and most of all, big government spending with trillion dollar deficits as far as the eye can see. All the while, the sickly economy from which The One was to save us, reels in response to his every move.
Meanwhile, those whom the media chooses to ignore, those who see the writing on the wall in bright red ink, are filled with a sense of dread. They know these are not normal times, that theirs is not normal partisan angst. They sense a cataclysmic shift in the very foundation of the government, from which the country may never recover. They are angry, scared, confused; they feel powerless, their views unrepresented. And as the scope and power of their feelings grow by the day, so do their numbers, as more people take off the rose colored glassed and actually look over the precipice to which we are being led.
They know what others before them in history have done to alter the course of their fates. But they are, as of yet, unsure of what to do, how to act. There comes a time when one realizes that not to act is to acquiesce, and subsequently burden one's children and grandchildren with the consequences of one's failure to make a stand. At what point, if ever, will the courage of the disaffected kick in? An eruption is brewing. We have the power to harness it's energy with coordinated effort, or we can let it explode unchecked and let the chips fall where they may.
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