Climate Action Saboteurs of the Global Commie Unionist Corporate Criminal Regimes ;

BP has been a special interest pushing for
carbon pricing on Capitol Hill for years now.

It was a founding member
of the U.S. Climate Action Partnership,
a corporatist entity that exists to enact
"fair climate change."

And of course by "fair" they mean
whatever subsidies and mandates they
can extract from the federal government
to best protect their bottom line.

So this February, BP actually pulled
out of USCAP because they thought :

"We can be more effective
if we show up in the discussion as BP."

As The Washington Examiner's
Tim Carney reports :

"They made out particularly
well in the House's climate bill,
while natural gas producers suffered."

As far as the strategy in the Senate goes,
White House Chief of Staff Rahm Emanuel
told The New York Times last week that
Majority Leader Harry Reid (D-NV) would
use elements of the Kerry-Lieberman American
Power Act, the Cantwell-Collins carbon pricing
plan, and the Bingaman renewable energy standard bill.

A Senate aide told Politico :

"An energy deal must include
some serious effort to price carbon
as a way to slow climate change."

The important thing to remember
is that none of this is new.

As Heritage Foundation
Senate Relations Deputy Dan Holler reported
the day before the Deepwater Horizon explosion,
Reid has been planning a bait-and-switch from the
beginning :

First bringing up the Kerry-Lieberman
cap-and-trade bill, striking it, and then
replacing it with the less well known
Bingaman renewable energy standards.

The left knows that the American public
has been educated about the economic harms
of cap-and-trade, and they are hoping they can
use the BP oil spill to pass renewable energy
standards (RES) before the public wises up.

Don't be fooled :

An RES is just another way for the enviro-left
to inflict an economy-killing energy tax on the
American public.

The Heritage Foundation's
Center for Data Analysis has
crunched the numbers and found
that an RES would :

1) Raise electricity prices by 36 percent
for households and 60 percent for industry ;

2) Cut national income (GDP)
by $5.2 trillion between 2012 and 2035 ;

3) Cut national income
by $2,400 per year for a family of four ;

4) Reduce employment
by more than 1,000,000 jobs and ;

5) Add more than $10,000 to a family
of four's share of the national debt by 2035
http://blog.heritage.org/2010/06/15/morning-bell-the-obama-energy-tax-game-plan/

Social Security tax receipts
for the first half of 2010 :

$346.9 billion ;

Social Security benefits payments
for the same period :

$347.3 billion.

Before this year,
projections have always been
that Social Security wouldn't cross
that line into negative cash flow
for five years or so.

Now it's a reality.

Congress has been spending
Social Security's positive cash flow for years.

Now there's no positive cash flow to spend.

These deficits are a result
of the current economic climate.

Federal revenues
have continued to dwindle
as job creation stagnates,
reducing tax collection along with it.

Unemployment has also forced
many Americans into early retirement,
adding to the ranks of those dependent
on Social Security.

Whether the current Social Security deficits
are temporary or not, they are projected to
become permanent in 2016.

From then on,
the Social Security Trust Fund
is expected to pay out benefits until 2037.

But even that isn't reassuring,
since "the Trust Fund contains no actual assets.

The government bonds it holds
are simply a form of IOU, a measure
of how much money the government
owes the system.

It says nothing
about where the government
will get the money to pay back those IOUs."

In other words, the Trust Fund
doesn't actually have any real money in it.

Social Security benefits will not be
reduced in response to today's growing deficits.

Instead, taxpayers will pay the difference,
via the Treasury, to keep benefits checks from bouncing
http://blog.heritage.org/2010/06/14/social-security-in-the-red/

The Commie Saboteurs Cloakroom
http://blog.heritage.org/tag/cloakroom/

The Commie Coups Against
Domestic Free Enterprise
http://blog.heritage.org/category/enterprise-and-free-markets/

The Communist Hell Care Coup
http://blog.heritage.org/category/health-care/

The Commie Energy and Environment Coup
http://blog.heritage.org/category/energy-and-environment/

Opposing The Commie
Coup Against The U.S.A.
http://blog.heritage.org/

Exposing
The Satanic Commie World Order
http://sovereigntysrealms.blogspot.com/

Expose Oppose Protest Resist Defy & Defeat :

The Anti Constitutional Anti Republic
Anti Capitalistic Unconstitutional Treasonous
Criminal Satanic Commie Hell Care Whores
& Satanic Globalist Commie Liberal Progressive
Stateist Corporate Unionist Ponzi Schemes,
Lies, Liars, Frauds & Saboteurs