In essence, Obama has found a way to fund his socialist programs, AND get them paid for by the very people who are most likely to be opposed to them, while those who are most likely to be in favor of (and use) them, will pay very little if anything for them. How ironically convenient.
Welcome to the newest form of involuntary servitude - EcoSlavery.This is just evil
Politicians love cap and trade because they can claim to be taxing "polluters," not workers. Hardly. Once the government creates a scarce new commodity -- in this case the right to emit carbon -- and then mandates that businesses buy it, the costs would inevitably be passed on to all consumers in the form of higher prices. Stating the obvious, Peter Orszag -- now Mr. Obama's budget director -- told Congress last year that "Those price increases are essential to the success of a cap-and-trade program."
Hit hardest would be the "95% of working families" Mr. Obama keeps mentioning, usually omitting that his no-new-taxes pledge comes with the caveat "unless you use energy." Putting a price on carbon is regressive by definition because poor and middle-income households spend more of their paychecks on things like gas to drive to work, groceries or home heating.
In the immortal words of Forrest Gump, “Stupid is as stupid does.” Obviously the reality TV generation is proving just how stupid it really is by falling for Obama’s flattering words and falling in line behind him (or rather, underneath him).