Over at Michelle Malkin’s, a Cap and tax liveblog: Democrats limit debate, stampede toward national energy tax. This is going to be very bad if it passes. Aside from the catastrophic financial repercusssions that even President Obama admits will occur, this new way of ramming through serious, impactful legislation without reading or discussing it is frightening. This is a serious breakdown of our system of governance; it places us, at least legislatively, among the ranks of 3rd world countries with Potemkin representative governments.
President Obama knows this is a massive tax – and it will certainly affect the working poor the most. Video below the fold, but here’s the money quote:
“Under my plan of a cap and trade system electricity rates would necessarily skyrocket. Businesses would have to retrofit their operations. That will cost money. They will pass that cost onto consumers.”
Via The Anchoress on Twitter, Congressional Democrats also know darned well that they’re passing a massive tax.
Here’s a palate cleanser for what will surely be a bitter aftertaste if this train wreck passes.
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