Cap and trade bill includes unemployment benefits - Largest tax increase in history.

Examiner.com

Hold onto your hats folks, here it comes…

In a revealing editorial today, the Washington Examiner (not related to Examiner.com) revealed a huge unemployment package buried in the Waxman-Markley Cap and trade energy bill.

At first glance this just seems like more of the usual Washington shuck-n-jive. However, when one considers the implications of this, it becomes apparent that the writers of the cap and trade bill are very clearly aware that this bill will cost thousands of jobs. So much so that unemployment benefits for those losing their jobs because of it will go for THREE YEARS, 156 weeks. Obviously they are not expecting these hapless folks to find new work easily! The Washington examiner reports that these victims of Washington DC legislation and Congress will get 80% of their insurance premiums paid, a 1500$ relocation allowance, and job search expenses of up to 1500$.

If this is an energy bill… which by the way, is being sold as legislation that will create higher paying “Green” jobs, in higher numbers than those lost, then what are unemployment benefits for up to three years doing in it?

Note to all of those who are supporting this bill, both Nationally and locally here in Oregon, be prepared for your energy costs to go up by a minimum of 50%, and by some estimates up to 90%. Let’s put some numbers with that. Say your average electric bill for a year is 100$ a month. That’s 1200$ a year. Your bill will go up to 150$ a month, for a total of 1800$ a year with just a 50% increase. With a 90% increase that number will be 2280$, or 190$ a month. But that’s not all; the cost of your Natural gas will go up similarly. So will the grocery store’s electric bill, 50% higher refrigeration costs = 50% higher cost passed on to you the consumer. Your Hairdresser’s electricity cost will go up, and so will the cost of your shampoo blow-dry, and Color. Every single industry that uses power of any sort will go up, and your cost of living will rise exponentially.

All this for less that 2 tenths of a degree cooling over the next century, which will absolutely crack up the Chinese and Indians who are praying (if the communist government of China would admit to praying) that this legislation passes! Why?

Because it will absolutely kill the productive engine that is the lifeblood of the United States of America, the economic engine of the world! Of course they want it to pass, it will make them the world’s only superpower. Throw in the fact they own a huge swath of our national debt, and you should now be seeing a very dark black cloud rising over our future.

It should be stressed here, that even a COMMUNIST Government will not institute legislation that will destroy its economy to the extent that this bill will.