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Real Story on Dow 10,000 : How Government Could Still Harm Our Economy

by: the american conservative union | published: 10 16, 2009

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The Dow hit 10,000 this week. If you have a 401(k), investments or you are concerned about the overall economy you can breathe a small sigh of relief.

That sigh must be small, however, because the liberal Congress is continuing their assault building government debt, pushing wasteful spending and moving toward policies that will harm, not help, our economy.

Liberals are still working behind closed doors and behind the scenes in the Senate to advance an economy dampening environmentalist Cap-and-Trade Energy Tax.

It is an $845 billion dollar global warming tax. It's being called a cap-and-trade program, but it's really a massive tax that will be paid for by American businesses and taxpayers.

Studies have shown that it would likely lead to millions of lost jobs, cost the average household $1,300 or more per year and dramatically increase the cost of electricity and gasoline.

It is not what we need as we seek a full, real economic recovery.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

The NY Times said today, "President Obama gave a nod yesterday to a budding bipartisan Senate effort on energy and climate legislation during a New Orleans town hall meeting where he also pledged to push for the bill's passage once Congress finishes its work on health care."

You'll remember that this bill only passed the liberal House with a razor-thin margin.

That was because of your work with ACU on this issue. We have had the liberals on the ropes with this Cap-and-Trade Energy Tax, now we cannot let up as they seek to work behind the scenes to get this done.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

On Wednesday of this week, the Congressional Budget Office (CBO) testified before a Senate committee on the Cap-and-Trade scheme.

The Washington Post said that the CBO reported a Cap-and-Trade energy tax scheme would cut the nation's gross domestic product by .25 to .75 percent ...up to 1 to 3.5 percent by the year 2050.

That's right. The environmentalist, liberal proposal will harm - not help - our economy.

Even the Post was forced to run a headline that read, "Cap-and-Trade Would Slow Economy." We do not need a slow economy right now.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

Conservative Congressman Joe Barton (R-TX), said, "One estimate puts the price per family of four at $29,373 over 10 years. Another estimate is that it will raise electricity rates 90 percent after adjusting for inflation, and boost gasoline prices 74 percent and natural gas prices 55 percent" when talking of the climate change scheme.

Remember that it was FOX NEWS that reported from a story overlooked by others, that then-candidate Obama spoke in San Francisco early last year, saying, "under my plan of a cap and trade system, electricity rates would necessarily skyrocket. Because I'm capping greenhouse gases, coal power plants, you know, natural gas, you name it, whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money. They will pass that money on to consumers."

In the middle of an economic recovery - when Americans have been burdened by so much additional government spending and debt - can we afford cap-and-trade?

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

Washington spending is already out-of-control and creating deficits that turn to debt ... debt that we as Americans will have to repay.

The ultra-liberal politicians have already tripled the national deficit in the just the last year.
Liberal politicians have already saddled our nation with billions in debt, bailing out car companies which the taxpayers now own - money which is not likely to be paid back.
Obama and his allies have already rammed through the $1 trillion so-called stimulus that has left our nation with less jobs - unemployment at a 26-year high and over 3 million fewer jobs

Now these same liberal politicians want to tax our economy and harm our future with a Cap-and-Trade scheme national Energy Tax.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

The ultra liberals in Congress already rejected several common sense amendments in the House and they will likely do the same in the Senate.

House Liberal Democrats rejected a GOP amendment designed to protect middle-class families by stopping the national energy tax if gasoline prices hit $5 per gallon.
House Liberals rejected an amendment that said if the U.S. unemployment rate should hit 15% or higher, the tax would end.
They stopped an effort to end the new taxes if electricity bills increased more than 10 percent over 2009 rates.

Then these same ultra-liberals voted against efforts to require any price increase from cap-and-trade be fully disclosed.

Republicans attempted to have the cost put on each utility bill, fuel pump, or food label. But the liberals said NO. THEY DON'T WANT YOU TO KNOW WHAT THEIR ENERGY TAX WILL REALLY COST.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

Stories from all across the nation say this new tax will harm American businesses and family budgets. Just four days ago an AP article on Cap and Trade accurately reported , "energy prices will jump," under the scheme.

Interviewing one small business - the Belden Brick Co in Sugarcreek, Ohio they reported the owner said, "A cap-and-trade system forcing businesses away from fossil fuels, especially coal, will mean higher electricity and natural gas costs. The owner said at his business it will cause "layoffs."

We need to keep the pressure on now - to stop this tax.

Send a Message to Congress Now. Tell the Senate Not to Pass an Economy Ruining Cap-and-Trade Energy Tax.

Thank you for all you do for ACU, as we fight for you and America.