Once upon a time, the Obama administration told them-there Congress critters that his Global-Warming-Hysteria CRAP & TRADE plan to control carbon emissions would cost $646 billion spread out over eight years. Now it’s more like TWO TRILLION DOLLARS! Maybe he just misplaced a decimal place or two?

A top economic aide to Mr. Obama told a group of Senate staffers last month that the president’s climate-change plan would surely raise more than the $646 billion over eight years the White House had estimated publicly, according to multiple a number of staffers who attended the briefing Feb. 26.

“We all looked at each other like, ‘Wow, that’s a big number,’” said a top Republican staffer who attended the meeting along with between 50 and 60 other Democratic and Republican congressional aides.

The plan seeks to reduce pollution by setting a limit on carbon emissions and allowing businesses and groups to buy allowances, although exact details have not been released.

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. A study of an earlier cap-and-trade bill co-sponsored by Mr. Obama when he was a senator estimated the cost could top $366 billion a year by 2015.

A White House official did not confirm the large estimate, saying only that Obama aides previously had noted that the $646 billion estimate was “conservative.”

I have to agree with the House Republicans on this one:

“The last thing we need is a massive tax increase in a recession, but reportedly that’s what the White House is offering: up to $1.9 trillion in tax hikes on every single American who drives a car, turns on a light switch or buys a product made in the United States,” said Michael Steel, a spokesman for House Minority Leader John A. Boehner. “And since this energy tax won’t affect manufacturers in Mexico, India and China, it will do nothing but drive American jobs overseas.”

Sounds like a bunch of crappin’ and tradin’ all over the American taxpayer.

More o’ that there CHANGE we can all believe in — Oh, ya betcha yo’ ass!

Technorati Tags: climate-change, cap-and-trade program

This entry was posted on Wednesday, March 18th, 2009 at 3:11 pm and is filed under Crap & Trade, POTUS Obama, Tax! TAx! TAX!. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.  |   Print This Post  |   Email This Post

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