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Cap/Trade May Close 20% Of Factories

From Manufacturing & Technology:

Poll Shows Clean Energy Act Could Force Nearly 20 Percent of Manufacturers to Close

The cap-and-trade based system, pushed by the Obama administration and passed by the U.S. House, could cause energy costs to skyrocket and fuel more unemployment

Critics of the Waxman-Markey climate change legislation that narrowly passed the U.S. House of Representatives say energy costs will skyrocket if the bill – as it stands now – becomes law. Manufacturing & Technology eJournal asked readers what actions they were most likely take at their company to offset the inevitable increases in energy costs.

AND THE RESPONSES WEREN’T VERY ENCOURAGING

*More than 17 percent of those who answered said they would have to shut down their business because there is no way they could handle the kinds of increases being predicted.

The unscientific poll taken of Manufacturing & Technology eJournal readers from June 28th through July 1st drew 943 responses.

OTHER CHOICES INCLUDED:

*Would raise the price of my product or service to customers (22 percent);

*A combination of price increases, personnel cuts and reductions in pay and benefits (20 percent);

*Switch to a 4-day workweek (15 percent);

*Layoff workers (14.5 percent).

*Only nine percent said they would do their best to absorb the energy costs increases without making any changes.

In a statement to Manufacturing & Technology eJournal, U.S. Senator Jim Bunning (R-KY) said he would fight the legislation in the Senate.

"The Cap and Trade Bill that passed the House is a jobs killer bill plain and simple,’ Bunning said. "The legislation is essentially an energy tax hike on small businesses, and will raise electricity costs in Kentucky ninety percent by the year 2035. President Obama’s pledge to not raise taxes on people making less than $250,000 a year is thrown out the window with his support of this tax-raising legislation.’

Other U.S. Senators from Ohio, Indiana, Kentucky and Michigan have been asked to comment on the poll and if they planned to support or fight the legislation when it comes before the Senate. Look for their responses soon.

Sure, this is a poll that only samples a small number of people who have a vested interest.

That makes it just like every other poll the media trumpets from the rooftops.

Meanwhile, here is more good news for the economy.

From a relieved Reuters:

Congressman Henry Waxman headed back to work

Thu Jul 2

LOS ANGELES (Reuters) – U.S. Representative Henry Waxman, hospitalized in Los Angeles for a fainting spell days after spearheading House passage of a landmark climate change bill, will be back at work on Capitol Hill next week, a spokeswoman said on Thursday.

Doctors at Cedars-Sinai Medical Center, where Waxman, 69, was admitted on Tuesday after collapsing in his district office, planned to discharge the veteran California Democrat on Thursday, spokeswoman Karen Lightfoot said.

Waxman had returned to Los Angeles after leading the effort that on Friday won House passage of legislation to slash greenhouse gas emissions blamed for global warming, a major part of President Barack Obama’s domestic agenda.

Waxman underwent "routine testing" while hospitalized and was feeling fine by the next day, Lightfoot said, but she offered no information about what led to his fainting spell.

"He is in good health and will be back to work in Washington next week," Lightfoot said in a statement…

What a hero.

This article was posted by Steve on Friday, July 3rd, 2009. Comments are currently closed.

11 Responses to “Cap/Trade May Close 20% Of Factories”

  1. Rusty Shackleford says:

    Well, I work for a major airline and I wonder when they’re going to get around to us. That is, by nature of burning fossil fuels as a primary way of doing business, they can’t be happy about it all. Thus, they will most likely tax the airline industry out of existence as well.

    Meanwhile, China, India, etc all tell them to go pound sand and I never thought I would applaud any move made by such nations.

    The irony is that the US is but one nation and not the once great mega-manufacturing one it used to be so while China builds a new coal-burning plant every hour, or whatever it is, the US strangles itself.

    And by the way, for the record, watch closely as the “climate change” numbers (the real ones) don’t budge while the skewed data put forth by the toadies in the EPA show a “marked decrease” in “climate-changing gasses”. Simultaneously, as they say this, China and India and Russia will have quadrupled the amount of gaseous emissions, yet the “US numbers” will still “reflect” a “great change for the better”.

    Just watch….you’ll see.

    Of course, the notion that it’s “about the environment” will become glaringly false. Those of us here already know that. But it will take that requisite amount of time for the rest of the sluggishly slow “intellectuals” to realize it.

  2. RightWinger says:

    I’m in the same boat Rusty. I work for a major airline too and all the Lil’ Barry supporters here don’t have much to clap about right now, fearful Cap-n-Trade will cost their jobs. Not that they have been clapping about anything the past couple of months. The fall is looking especially bleak with the advance bookings being way down over last year. If the Senate passes this nonsense, you are right, that will finish off half of the airlines remaining.

    I would suggest that the Post Office bring back the Pony Express, but PETA would put a stop to that in no time, the cruelty to horses on carrying all that heavy mail.

  3. Rusty Shackleford says:

    If you really want the scary truth, John Griffing wrote this very illuminating article in American Thinker:

    http://www.americanthinker.com/2009/07/the_big_con.html

    Puts it all out there, in plain terms so even a liberal can understand it, maybe.

    • Enthalpy says:

      Liberals are unaffected by the truth unless it serves their beliefs. Hard science has been available for years refuting AGW. In the earth’s history, concentrations of CO2 have often been highest during the coldest periods.

      Sadly Rusty, liberals may understand it, but they won’t accept it.

  4. Reality Bytes says:

    If there was ever a face that begged to be waterboarded it would be Henry Waxman’s.

    How did America go from the likes of Reagan, Truman & TR to be led around by the nose (pun fully intended) by twirps like Nostil-domus.

  5. BigOil says:

    Calculating the destructive impact of Cap and Trade (CO2 regulation) on industry is difficult since it hits a business from multiple directions.

    Restricting the supply of energy, and subsequently increasing the cost, has a direct impact on any businesses operating expense. The cost can not all be passed on to consumers since foreign competitors are not paying the energy tax.

    Charging an exhorbitant permit fee for CO2 emissions is a direct capital cost which must be added to any potential expansion project.

    A massive bureaucracy that will track and enforce the CO2 limits will require companies to hire environmental specialists to protect their interests against the EPA bureaucrats, which is an additional labor cost.

    Attempting to craft and process a permit to deal with the CO2 emissions – in addition to already regulated emissions – will stretch out project durations and add cost.

    Bottom line is all of these costs combined – when figured into an economic evaluation of a project to determine its profitability – will be prohibitive and stop expansion of industry in this country. Even companies that are not expanding, if they operate with a small enough profit margin, will be forced to shut their doors.

    Expect that giant sucking sound to begin in earnest as companies move operations overseas.

  6. proreason says:

    Cap and Tax and Universal Health Scare is the two-pronged attack to complete the desctruction of capitalism and put total economic control in the hands of the Obamycrats.

    These two laws are the equivalent of total war.

    If they are implemented, the United States ceases to exist as a democratic republic and becomes a government controlled dictatorship.

    Avergage lifestyles will be 10-50% of what they are today. The country will revert to the economy of the Soviet Union.

    • Dangerous says:

      Proreason is right.

      Tomorrow is July 4th; Independence Day. What do you plan to do to protect it?

  7. bronzeprofessor says:

    The smartest point of view I have heard on climate change came, quite shockingly, from the NY Times. The NY Times interviewed an aging Princeton professor who came out of the closet as a climate skeptic. He said (1) he wasn’t sure if climate change was occurring, and (2) If it is occurring, it might be good to warm up parts of the world that suffer from high heating bills because of the cold.

    You can go without air conditioning, presumably, more easily than forego heating costs in a cold climate. And so, if you warm up the planet, you burn fewer fossil fuels to heat up cold places. How interesting!


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