Frank Kratovil and GOP Cap and Trade 8
Waxman-Markey/cap and trade (to call it by its real name is an affront to the English language) passed the House last night 219-212. Frank Kratovil—who as of Friday afternoon had not read the bill—along with Steny Hoyer, Chris Van Hollen, Dutch Ruppersberger all voted aye, leaving Roscoe Bartlett the only Maryland representative voting against this massive energy tax.
Unfortunately eight Republicans were bought off and crossed over providing the decisive margin. Followers of Maryland state politics are familiar with spineless Republicans. Two examples being: Delegate Marie Antoinette (Page Elmore), who literally sold his vote for cake, and James Milquetoast King, who in his explanation of his vote for slots—enabling Martin O’Malley’s tax increases—tried to tell us two plus two equals five.
Friday afternoon, C-SPAN was actually an interesting channel to watch. Representatives were literally making deals on the House floor, see the video below of a representative asking for “clarification” of exactly what goodies he’s getting in return for his vote.
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Should the bill become law, Frank Kratovil just handed Andy Harris the 2010 congressional election.
·Reduce aggregate gross domestic product (GDP) by $9.6 trillion;
·Destroy 1,105,000 jobs on average, with peak years seeing unemployment rise by over 2,479,000 jobs;
·Raise electricity rates 90 percent after adjusting for inflation;
·Raise inflation-adjusted gasoline prices by 74 percent;·Raise residential natural gas prices by 55 percent;
·Raise an average family’s annual energy bill by $1,500; and
·Increase inflation-adjusted federal debt by 26 percent, or $29,150 additional federal debt per person, again after adjusting for inflation.
All for a meaningless one nine-hundredth of a degree change in average global temperature.
Memo to Frank Frank Kratovil: Not a good idea to follow the Martin O’Malley energy strategy: Promise lower energy costs, then do everything in your power to increase them.
Oh and don’t bother to ask about the scientific report—suppressed for political reasons by Obama’s EPA—that debunked the EPA’s endangerment finding on carbon dioxide, because you know our leader told us that science no longer takes a back seat to ideology. The only government report Obama wants criticized is the CBO report that laid out the true, staggering price tag of his health care bill.
Hopefully the Senate will have the wisdom to kill Waxman-Markey as it did Lieberman-Warner last year.