Official Obama Derangement Syndrome Blog

Obama Exposure

July 13, 2009 at 7:39 am

Obama’s Lying Deceptive Tax Promises via ‘Cap and Trade’

» by ODS Expositor in: -Cap and Trade, -Lies &/or Distortion, -Tax and Spend, -Taxes, Obama Policies

SANTA MONICA, CA - APRIL 15: Demonstrators ga...

Remember when he said over and over again during the campaign that he would only raise taxes on the rich—those with incomes over $250,000? I thought he was lying and a deceptive louse at the time. Now there is no doubt.

The Prez is now pushing for his ‘Cap and Trade’ bill to pass the Senate which will effectively and indirectly tax every living thing and person in America—poor, middleclass, and rich. All energy will be excessively taxed and everything produced in America will by necessity have to be increased in price with no relief in sight.

Again here is a rundown of the ‘Cap and Trade’ effects– our evaluation of the bill from a previous article:

If this bill is passed and signed by Obama, all of our energy bills will increase by $1,000’s per year, but also nearly every single thing made in the United States. Businesses will also end up paying more for their energy and the additional costs will be passed on to the consumers in the form of price raises on all products and services.

Results summarized:

1. Est. $3,100 per year increase in energy costs for family of 4.

2. Prices raises in all goods and services.

3. Coal industry will virtually be shut down.

4. Products made in America will be less competitive on the international market.

5. Tens of thousands perhaps 100’s of thousands in lost jobs.

All of this at a time when we are already in the midst of a huge recession—what next Pres. Obama, are you really trying to destroy the American economy—the best economy in the world? If not, you are sure doing a good job of it anyway. Is this the kind of change you folks out there voted for? Well thanks a lot!

<<Here’s a perspective and analysis on this issue by Heritage Foundation>>