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By Kyle Prast
Wednesday, Dec 10 2008, 10:29 AM
There is a lot at stake for former Vice President Al Gore with the Global Warming* issue. Without the threat of Global Warming, he is rather out of a job. Who would hire Al Gore to come speak about the threat of normal weather? Without Global Warming, who would ever buy a carbon credit from the corporation he is affiliated with? Without Global Warming, Al Gore just becomes another washed up Vice President who did not make it to the ultimate status prize of the presidency. I can understand why Al Gore keeps insisting that Global Warming is a serious threat to the planet. All of Al Gore's current prestige and status and livelihood are tied to this fabricated crisis. President elect Barack Obama's buy-in is more difficult to understand, but buy-in he did. Obama meets Gore, urges urgent action on global warming: (My emphasis throughout)
U.S. President-elect
Barack Obama on Tuesday reiterated the need to address global warming
as he discussed the problem with former Vice President Al Gore. Flanked
by Gore and Vice President-elect Joe Biden, Obama told reporters in
Chicago, ‘‘All three of us, I think, are in agreement that the time for
delay is over, the time for denial is over.’’
‘‘We all believe what the scientists have been telling us for years
now: that this is a matter of urgency and national security, and it has
to be dealt within a serious way,’’ he said. ‘‘That’s what I intend my
administration to do.’’
Obama met with Gore ‘‘to listen and learn from Vice President Al Gore
on the extraordinary work that he has done around the issue of climate
change,’’ for which the former vice president won a Nobel Peace Prize
in 2007. Obama is still bent on his environmentally friendly energy program, his green jobs plan--even though they won't solve our energy problems or help our economy.
When people realize what his energy plan will cost, both in Cap and Trade costs and increased utility costs, they might HOPE things will CHANGE back to cheaper un-green energy. From geophysicist David Deming: "Let the politicians take note. People will not like what you have in
mind. California is arguably the most liberal state. Yet last month
they defeated, by nearly a 2-to-1 margin, a law that would have forced
California utilities to obtain half their electric power from renewable
sources. What the Obama administration proposes is much more radical.
Their cap-and-trade proposal will dramatically increase the energy
costs of the average consumer and likely drive our crippled economy
into a severe depression.
Why a president, facing the economic crisis our country seems to be headed toward, would embrace such expensive, inefficient green energy and crippling cap and trade proposals is beyond me. It is beyond geophysicist Deming too, who stated in his commentary, Global warming freeze: This is an absurd spectacle. Our advanced civilization is being
systematically mismanaged by technologically illiterate lawyers
responding to political pressures from irrational fanatics. Would
someone please tell these people it is impossible to overturn the laws
of thermodynamics? We cannot improve our economy by artificially forcing people to use expensive, unreliable and inefficient energy sources.
As Deming concludes, "To the extent global warming was ever valid, it is now officially over." Now we just have to get the politicians to look at the facts, because I cannot afford to pay triple WE energies bill charges!
*The term Global Warming is morphing into the term Climate Change because world temperatures have not cooperated over the past 10 years. Many examples cited in Global warming freeze? point out that current data shows warming "is now officially over."
Please, comment content should relate to the subject of the post. Although I try to respond to many, do not interpret my lack of a response as agreement.
Links:
Brookfield7, Fairly Conservative, Vicki Mckenna, Jay Weber, The Right View Wisconsin, Mark Levin, CNS News
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By Kyle Prast
Tuesday, Sep 23 2008, 08:54 AM
The Democrats present the Trojan Drilling Bill, the stock market is in major jitters, investors look for safe places to put their money. Hence oil, gold/silver/precious metals go up. Pretty simple. With the Democrat's no-drill oil bill, prohibiting drilling in most areas, there will be little change in our domestic oil supply. If we don't get a real Drill Here bill, we will be dependent on foreign oil for years and paying higher prices. It is supply and demand...the price will go up. Anyone wondering if the Democrats are trying to create such an oil price crisis that the government must come in and take that industry over too? I am hard pressed to explain the Democrat's stance any other way.
The other factor involved in precious metal and oil price increases is the fall of the dollar. It had been improving since about July. But the Freddie and Fannie / financials bail outs cause the United States to expand the money supply. That is inflationary, resulting in the value of the individual dollar to fall. Again, it is supply and demand. From the Financial Times: The Short View: Oil and the Dollar: By late morning in New York on Monday, the price of oil had climbed
by 20 per cent in barely five days and scarcely anyone had noticed.
Then it went into overdrive, hitting $130 at one point before settling
at $120.92. Last Tuesday, it traded at $90.51 – a swing of 44 per cent
from bottom to top. This had little to do with the supply of
and demand for oil and everything to do with the fallout from the
“Paulson plan” – the proposal to risk $700bn of US public money in a
bail-out of toxic securities held by banks.
Oil rose as doubts surfaced about the plan.
When people are nervous, they look for tangible products to invest in. A key variable is the dollar. So far, it has fallen in response to
the possible huge rise in the US deficit. The markets seem to have gone
a step further and assumed that this step will be be inflationary and
cause financial assets to lose value. In that situation, the
thing to do was to head for real assets, led by oil, although other
commodities, led by silver, also had a strong day. Unfortunately for
the Paulson plan, the inverse relationship between oil and the dollar
is one of the few financial constants to have survived the past few
days.
I heard this morning that oil settled down to about $108/barrel in Asia. People are nervous worldwide. The US money supply is expanded beyond thin. The last thing we need is another check writing spree by the government in the form of a Democrat 2nd $50billion stimulus package or a $1,000 energy rebate based on a windfall profit tax to oil companies as Obama is touting. (That tax would be passed onto consumers, making oil prices higher.) Even the Federal Government can only print so much money if it is to be worth more than the paper it is printed on! Brookfield District 7 Info meeting, Wed., Sept. 24, 2-3pm or 6:30-7:30pm City
Clerk Kris Schmidt will be in attendance to answer questions or concerns
regarding recent news about the Van Hollen lawsuit against the state elections
authority.
Please, comment content should relate to the subject of the post. Although I try to respond to many, do not interpret my lack of a response as agreement.
Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin, Vicki Mckenna
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By Kyle Prast
Friday, Jul 25 2008, 10:58 AM
Americans for Prosperity, a nationwide grassroots group, was to have held a rally/press conference as part of their Brewer game Taxpayer Tailgate outing tomorrow. The rally was to raise awareness "about the
serious threat global warming alarmism poses to our prosperity,
including legislation being considered by Congress that would more than
double gasoline prices."
But the Brewer's ballpark decided they did not want anything political going on in their parking lot and so they said NO to the hot air balloon rides and Hot Air Tour, the name of the rally. They will not put any of that in writing, but the hot air balloon permit was canceled just the same. Of course the stadium still wants you to come to the tailgate at 3pm and game at 6pm though. (Translation, you can still come spend your money here.) Americans for Prosperity isn't about to let this snag squelch their rally though. They are moving the rally to their headquarters parking lot at 1126 S. 70th Street (located behind the K-mart shopping center in the old Allis Chalmers buildings on Washington and 70th.) It shouldn't be too hard to find, the 7 story high hot air balloon should mark the spot! The actual Press Conference/Political event and free balloon rides (Hot Air Tour) are scheduled from 2:30 - 3pm, but you can gather and schmooze starting at 1:30pm. Congressman Jim Sensenbrenner will be there, so will radio's Vicki McKenna, County Executive Scott Walker, State Representative Jim Ott (Meteorologist), AFP-WI State Director Mark Block, AFP Director of Communications Annie Patnaude, and Phil Williamson of Fight Back Wisconsin. Williamson will be circulating his domestic oil drilling and oil
refinery petition, or you may sign online. After the rally, they will head over to the Taxpayer Tailgate at the stadium.
You do not need to register to come to the rally, which is free. You do need to register for ballpark events: Tailgate only is $10.00 at Miller Park's South East Parking lot (Mets Parking Lot). Full Event Tickets are ONLY $21.00.
Email any questions to Brenda Baas at brenda.baas@afphq.org or call 414-475-2975. As for coming to the ballpark and spending money there, well, if I had already purchased my Brewer ticket, I would probably be inclined to NOT buy a thing!
From Mark Block: Read about our Hot Air Tour event and our response to Governor Doyle's Task Force on Global Warming here - click here - and join us on Saturday at 1:30 at 1126 S. 70th Street in West Allis.
Click here to sign the DRILL HERE. DRILL NOW. PAY LESS domestic drilling petition and see the latest links to related oil news (updated every day).
Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Tuesday, Jun 17 2008, 09:23 PM
Oil companies have made a lot of money and some in Washington think they should get a bigger cut. The Senate recently tried to snatch some of those profits with their attempt to resurrect the Windfall Profits Tax bill. Thankfully, the Senate Republicans stopped that piece of legislation ...for now. I am sure we will see that tax tried again. After all, Obama is campaigning, "I'll make oil companies like Exxon pay a tax on their
windfall profits, and we'll use the money to help families pay
for their skyrocketing energy costs and other bills," the
Illinois senator said. Generally, Democrats seem to think that oil companies just do not have the right to keep their profits. They don't seem to have that same aversion to other corporations' profits though. I heard on Jay Weber recently that oil companies made about 7.5% in profits. How does that compare to other industry profits? Weber said Banking made 20%, Pharmaceuticals 18%, Insurance 11%, and Beverage/Tobacco 9.4%. So oil companies 7.5% is excessive and these other industries are not? Does it seem there is a double standard here?
Weeks ago, Sean Hannity broke down the profit per gallon of gas that oil companies received. We're paying around $4/gal. Oil companies get about $0.08/gal. Taxes on a gallon are around $0.19/gal for Fed. and State, I think. Again, oil companies seem to be getting the lesser amount.
How much profit does an oil company like Exxon make?
Mark Perry, on Seeking Alpha, a Stock Market Opinion/Analysis site shows that last year they had pre-tax profits of $70.61 billion. Wow, that is a lot of money!
Some of you might be muttering to yourself how unfair it is that these filthy rich companies are making all the money
and WE (via taxes to government) should be getting some of it. But here is a figure the news media does not talk about very much; the amount Exxon pays in taxes. Perry includes an interesting chart showing the profits vs. taxes: $40.6 billion in after tax profits, $30 billion in taxes. Exxon averaged over the past 3 years to pay $27 billion in taxes each year. He compares that to regular taxpayers contribution to the IRS: According to IRS data for 2004, the most recent year available:
Total number of tax returns: 130 million
Number of Tax Returns for the Bottom 50%: 65 million
Adjusted Gross Income for the Bottom 50%: $922 billion
Total Income Tax Paid by the Bottom 50%: $27.4 billion
Conclusion: In other words, just one corporation (Exxon Mobil) pays
as much in taxes ($27 billion) annually as the entire bottom 50% of
individual taxpayers, which is 65,000,000 people! Further, the tax rate
for the bottom 50% is only 3% of adjusted gross income ($27.4 billion /
$922 billion), and the tax rate for Exxon was 41% in 2006 ($67.4 billion in taxable income, $27.9 billion in taxes).
This was not enough for the Senate Democrats (and a few Republicans) though. They wanted more. No doubt about it. We have high energy prices and future prices don't look any better, but taxing oil companies more will not lower the price at the pump! Would you want to work harder to increase production only to have more of your profit taken away? FYI: Neighborhood Information Meeting tonight for Fire Station #3 move Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Wednesday, Jun 11 2008, 12:49 PM
The Windfall Profits Tax Bill was blocked by the Republicans Tuesday: GOP senators shoved aside the Democratic proposal, arguing that
punishing Big Oil won't do a thing to lower the $4-a-gallon-price of
gasoline that is sending economic waves across the country. High prices
at the pump are threatening everything from summer vacations to Meals on Wheels deliveries to the elderly. ... ..."In the middle of what some are calling the biggest energy shock in
a generation ... they proposed as a solution, of all things, a windfall
profits tax," Republican leader Mitch McConnell of Kentucky
chided the Democrats. He called their proposal "a gimmick" that would
not lower gasoline prices and only hold back domestic oil production.
"The American people are clamoring for relief at the pump," agreed Sen. Pete Domenici,
R-N.M., but "they will get exactly what they don't want" under the
Democrats' plan — higher prices and an increase in oil imports.
The Democrat supporters said this tax differed from the 1980s version because "oil companies could avoid the tax by using their 'windfall' to push alternative energy programs or refinery expansions*." Senate Republicans weren't buying that argument though and so the Democrats couldn't get the 60 votes needed to stop the GOP filibuster. Wow! The Senate Republicans were on a roll yesterday; they went on to block a 2nd bill: Shortly after the oil tax vote, Republicans blocked a second proposal
that would extend tax breaks that have either expired or are scheduled
to end this year for wind, solar and other alternative energy development,
and for the promotion of energy efficiency and conservation. Again
Democrats couldn't get the 60 votes to overcome a GOP filibuster.
This on the heels of Friday's block of the Cap-and-Trade bill. Maybe the Republicans are finally getting the hint that most Americans don't want all these taxes on corporations that get passed on to us? Do I dare hope that the GOP would push for more domestic drilling and building additional US oil refineries? That would make a positive difference in future energy supply/costs.
But the bigger picture issue with the Windfall Profits Tax is, whose money is it anyway? Don't corporations, and individuals for that matter, have a right to make money? What gives the government the right to arbitrarily say, you are making too much, we are going to take more of that. That is not a Windfall Profits Tax, that is socialism. *Correct me if I'm wrong, but don't oil companies face opposition whenever they want to build new oil refineries? Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Wednesday, Jun 11 2008, 10:47 AM
Barack Obama would prefer that most people think he is John Kennedy
the 2nd. But where Kennedy said, "Ask not what your country can do for
you; ask what you can do for your country", Obama seems to have an
opposite campaign theme: Don't do anything for yourself that the
government could do for you. No, to me, Obama more closely
resembles former President Jimmy Carter. They both favor negotiating
with terrorists and both seem anti-semitic. They also both share the
same opinion on windfall profit taxes for oil companies. "'SPEAKING OF WINDFALL PROFITS', Barack Obama said yesterday [Monday]
that he wants to impose a "windfall profits tax" on American oil
companies. This is a stupid idea, unless you want to reduce the supply
of oil and thereby increase prices even further." Barack Obama said Monday:
"I'll make oil companies like Exxon pay a tax on their
windfall profits, and we'll use the money to help families pay
for their skyrocketing energy costs and other bills," the
Illinois senator said.
That same Reuters piece mentioned that "CRITICS SAY TAX DOES NOT WORK": (My emphasis)
Critics of the windfall profits tax say it proved to be
counterproductive when it was last put in place in the United
States in 1980 during the final year of President Jimmy
Carter's administration.
Those critics say the measure prompted oil companies to cut
back on domestic production while failing to raise as much in
tax revenue as lawmakers expected. It was repealed in 1988
during the Reagan administration. What's that saying about history? Those who fail to learn from history are doomed to repeat it? That's Change we can't afford:
“At a time when American families face record gas and energy prices,
Barack Obama has called for even higher energy taxes. At the center of
Barack Obama’s plan is a scheme last tried under Jimmy Carter that only
increased our dependence on foreign oil. We shouldn’t expect anything
more from a politician who has consistently voted to increase taxes on
energy, including natural gas purchases in Illinois. Barack Obama
doesn’t understand the American economy and that’s change we just can’t
afford.” BARACK OBAMA’S PLAN TO INCREASE ENERGY TAXES WILL HURT AMERICAN CONSUMERS (from the McCain campaign.)
Barack
Obama is trying to call a McCain presidency George Bush's 3rd term.
Tuesday I heard John McCain fire back that an Obama presidency would be
Carter's 2nd term. I don't believe McCain would be a 3rd Bush term, but if we are going to have a rerun...I know which presidency I would pick.
Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Tuesday, Jun 10 2008, 12:02 PM
Just in case you missed this from the weekend news, the Sunday Journal reported in its Congress Following the Vote column, GLOBAL WARMING FILIBUSTER Voting 48-36, the Senate on Friday failed to reach 60 votes needed to end a Republican filibuster against an updated version of global warming bill. Democratic leaders then pulled the bill from the floor, perhaps for the remainder of the year. A yes vote was to advance the bill. McCain and Obama did not vote.
No surprise here, Feingold and Kohl voted YES to advance the bill. (So much for their sentiment that they will keep my thoughts in mind as the global warming debate moves forward.) We are off the hook for right now. I would bet Senate offices were bombarded with negative calls and emails on cap-and-trade. I would also bet that this bill will return either in its entirety or in bits and pieces like the amnesty bills have returned. They are hoping for a time when we aren't paying attention! Past Post: Cap-and-Trade? Maybe it should be called Cap-and-RAID!
More reading: George Will's Cap-And-Trade: A Devious Tax Plan Good chart of key players and terms explained at end: Senate taking up key climate-change bill The Heritage Foundation's Morning Bell: Carbon Capping in Bizarro World Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Wednesday, Jun 4 2008, 09:50 PM
Sunday we returned from a few days in Dearborn Michigan touring the Henry Ford Museum, Greenfield Village, and The Rouge Ford Factory. The Rouge Factory Tour was new to us. There was Bill Ford, the great grandson of Henry, up on the BIG screen telling us how Ford created this new Rouge factory to be friendly to the environment.
Much like our proposed Fountain Brook Crossing, The Rouge Ford Factory* has Gone Green. The roof is a garden roof, planted with sedum plants to absorb the rain water. They are increasing plantings wherever possible on the grounds; nets are strung up on the factory exterior for climbing vines. Even their parking lots are water permeable. No more run-off. The paving material looks like asphalt but is a porous material that has sand and gravel below. The guide said that the water that runs through the pavement is filtered and very clean. It requires vacuuming twice a year to keep pores open and calcium chloride must be used instead of sodium chloride in winter. The porous pavement is more expensive to install and maintain but lasts twice as long as conventional asphalt. Plus, no detention pond is needed...and it's good for the environment. It seemed everything about The Rouge Factory was good for the environment or good for the employees. You could watch some of the assembly line in action. The workers were poetry in motion each doing their specific little jobs. While they are always under the time constraint of the moving line, it did not seem any were really hustling to keep up the pace. Some workers were on the cell phone, playing a hand held game, or even had newspapers there to catch a snippet of an article. I asked a tour guide how much money these people made. She did not know specifically but said from what she read in the paper, it was around $20.00 per hour for new hires. Workers with more seniority were higher. Another guide told us that Ford recently closed 2 other factories in other states, I believe, and now consolidated all of the work here at The Rouge. That sounded efficient. The Rouge's specialty was trucks**. Wonder where the other cars are made? Monday's Investor's Business Daily answered part of that question: Movin' To Mexico!: (My emphasis) Ford's investment of $3 billion in two auto plants near Mexico City
is the largest foreign company investment ever in Mexico. As oil prices
soar and new climate-change rules are readied in Washington, Ford must
shift from its reliance on trucks and SUVs to lighter, more
energy-efficient vehicles.
This should be something that workers in Michigan and other
Midwestern states with decades of automaking experience should excel at
doing. Instead, Ford and other automakers are pushing more and more
investment abroad — especially to Mexico. The editorial cites reasons for an auto sales slump and the US losing jobs--mainly the UAW forcing higher wages and benefits--but increasing climate change rules and higher oil prices aren't helping the industry. Like a coyote caught in a trap, U.S. automakers have been
desperately gnawing off a leg to escape certain death. They're closing
plants and slashing jobs in Michigan, Ohio and other U.S. union havens,
in favor of non-union, foreign places. Like Mexico and China.
Meanwhile, foreign companies have no problem making cars here. They do it in the non-union South, where the UAW is weak.
So foreign companies can get around our high wages by being non-union, but even they and their products are subject to U.S. emission standards for factories and cars.
You would think that with our ailing auto industry our government would be doing all it could to help encourage instead of hinder. Yet Washington continues to hamper oil exploration and increase auto emission standards (i.e. new diesel emissions will be cleaner than intake air.) Add to automakers woes, both U.S. and foreign made here, the latest millstone around the neck: Cap-and-Trade, and I think we have the recipe for outsourcing more industry of all kinds. Ford may have greened up its Dearborn plant and created an ideal work environment, but if more industry follows suit in exporting jobs to countries that don't care about workers or the environment, what good paying jobs will be left in America?
This was written before Tuesday's post Kohl, Feingold, and Doyle's reaction to GM closing Janesville plant Related articles: Toyota workers in Kentucky plant made more than UAW members last year More handwriting on the wall, GM closing Janesville assembly plant by 2010 *The Rouge Factory was named for the Rouge River in Dearborn. The banks of the river were red clay, hence the name Rouge (French for red). **A guide told us this was the last year they would be making Mercury trucks. Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Tuesday, Jun 3 2008, 01:04 PM
Last night I heard Senator Inhofe (R-Oklahoma) on the Mark Levin Show. They were discussing S. 2191, the Senate "Lieberman/Warner Global Warming Bill and the disastrous effect this would have not on just the country as a whole, but the individual." (My emphasis throughout post.) Wall Street Journal referred to Cap-and-Trade as Cap and Spend
As the Senate opens debate on its mammoth carbon regulation program
this week, the phrase of the hour is "cap and trade." This sounds
innocuous enough. But anyone who looks at the legislative details will
quickly see that a better description is cap and spend. This is easily
the largest income redistribution scheme since the income tax.
The Washington Post said, Just Call It "Cap-and-Tax" "...One of the bad ways [to control greenhouse gas] is cap-and-trade. Unfortunately, it's the darling of environmental groups and their political allies. The
chief political virtue of cap-and-trade -- a complex scheme to reduce
greenhouse gases -- is its complexity. This allows its environmental
supporters to shape public perceptions in essentially deceptive ways.
Cap-and-trade would act as a tax, but it's not described as a tax. It
would regulate economic activity, but it's promoted as a "free market"
mechanism. Finally, it would trigger a tidal wave of
influence-peddling, as lobbyists scrambled to exploit the system for
different industries and localities. This would undermine whatever
abstract advantages the system has. ...Call this "environmental pork," and it would just be a start. The
program's potential to confer subsidies and preferential treatment
would stimulate a lobbying frenzy. Think of today's farm programs --
and multiply by 10.
After listening to Senator Inhofe, I think we could also refer to it as Cap-and-Raid! If it passes, it will raid every worker in America's wallet! Senator Inhofe said, Senator Barbara Boxer insists this is not a tax bill. But if you have looked into the bill itself and at the linked articles, it is difficult to understand how this could not be considered a tax bill. Inhofe then quickly listed some points to ponder. He mentioned the Wall Street Journal referring to it as the most extensive reorganization since the 1930s. He called it worse than the Kyoto Treaty for the economy. Cap-and-Trade will need 45 more Big Government Bureaucracies to enforce the standards. Using Boxer's figures, Inhofe pointed out that Cap-and-Trade would collect $6.7 Trillion dollars from industry (those costs will be passed onto us!). The maximum rebate to customers is $2.5 Trillion dollars. Do the math: That means $4.2 Trillion goes where? That sounds like a tax to me! He went on to remind us that the Democrats have killed every domestic drilling bill. The US relies on coal for 53% of all of its electricity production. Cap-and-Trade will tax coal fired electricity production. Consider that China "cranks out a new coal electric plant" every 3 days (?). (I think he said 3 days, which fits with this - certainly between India and China it would be true.) Manufacturing jobs will go where there is (cheap) energy/power, Inhofe said. This is also what Congressman Sensenbrenner talked about at his Town Hall Meeting when he called Cap-and-Trade "Catastrophic for Wisconsin". I would add that manufacturing jobs will also go where environmental regulations are more lax. Senator Inhofe suggested people take a look at Liberman-Warner Opposition Resource Center; Impacts of Costly Climate Bill Exposed It is chock full of quotes, links and articles.
The Senate is debating this bill this week. While some say the bill will not pass, as you know, once the foot is in the door, the issue will not go away. Considering all 3 Presidential candidates support the concept of Global Warming, I would just say, the bill probably won't pass...yet. Our Senators' response to my emails: Not much hope of a NO vote here--unless they feel the heat from constituents. This is important! Please contact them both: Senator Kohl (Phone: (414) 297-4451, (202) 224-5653) and Senator Feingold (Office
of Senator Russ Feingold | 202/224-5323) and let them know what you think about this bill.
More reading: George Will's Cap-And-Trade: A Devious Tax Plan Good chart of key players and terms explained at end: Senate taking up key climate-change bill The Heritage Foundation's Morning Bell: Carbon Capping in Bizarro World Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Mark Levin , Vicki Mckenna
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By Kyle Prast
Monday, May 5 2008, 08:32 PM
Like most people, I am watching the gasoline prices rise and wondering how high they will go by summer travel time. A temporary moratorium on the federal gas tax is now a topic of the presidential campaign. Obama is against, Clinton is for--if the oil companies pay for it via a wind fall profits tax (that just means they will pass it onto us), and I believe McCain is just for the moratorium with no charge to the oil companies.
This morning I caught a bit of Vicki McKenna's radio show and some callers thought the 18.5 cent/gallon tax moratorium would influence what their family did this summer. So far, the higher gasoline prices have not seemed to alter people's summer travel plans. At least it appears that way to me. We are planning another family pilgrimage to Yellowstone National Park this summer. I made the mistake of making reservations too late, however. (Who would think mid September of 2008 was too late?) I got all the days I wanted except ONE and have been trying to get that date at Old Faithful budget cabins ever since. I call the reservation line almost every day and check the website. Nothing so far for my location and day. But today I noticed for the first time that there were 3 other locations listed as an alternative. Coincidence or are people starting to bail out on their plans because of gas prices?
Only time will tell. (Another wrinkle might be that because of the low value of the dollar, foreigners are snatching up any American vacancies. There are a lot of Asians who come to west coast American National Parks on vacation.) Of course I am hoping that gas prices will level off by the time we leave. They did last year at this time when the price per gallon was an unprecedented $3.29/gal or so. It is almost a tradition that we are on vacation during a gas crisis. I was out in Colorado in 1973 and never hit a shortage or line. My husband and I were on a 7,000 mile, 5 1/2 week National Park camping trip odyssey during 1979's gas crunch--no lines, high prices, or troubles then. We were in California during the Hurricane Katrina gas price spike too. I guess we aren't going to let, gulp, $4.00+/gal stop us this summer either*. Will the price of gas or the moratorium change your plans this summer?
* I can rationalize the gas cost somewhat because we are there for a long enough time to justify the cost of getting there. The price per gallon is usually lower once out of Wisconsin. Plus, flying and renting a car is still much more expensive than driving to this location. Links:
Brookfield7, Fairly Conservative, Betterbrookfield, Vicki Mckenna
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