What Obama's Climate Saving Plan Will Cost You

Obama, like most Democrats, is chin-deep into the belief that we need to save our planet from ourselves. For that reason they plan to control America's carbon dioxide output through the implementation of a "Carbon Cap And Trade" taxing system (See My Previous Blog Entry).

For now, putting aside the whole argument of whether or not man-made Global Warming is even real or just a bogeyman, let's just focus in on costs that you and I will all have to pay to save our planet.

Obama, the U.S. Senator running for President, co-sponsored a "Cap and Trade Bill" in the U.S. Senate and said that the cost to America would be a only about $366 billion dollars per year. But, even so, that would mean that every man, woman and child in this country will have to cough up more than $1200/yr to save the planet. For an average family of four, that's over $4,800 a year. That cost will be passed on to us in the form of higher energy and product costs from companies that are being penalized by "Cap and Trade".

Then, Obama, the President, says that number needs to be upped to $646 billion a year as reflected in his recently submitted budget of only two weeks ago. So, now, the average 2-child family will be on the hook for over $8,600 a year to fight Global Warming.

But, then, (Oooooops!) the new cost that is being bandied around by the White House is closer to $2 trillion a year (See Full Story). That means that the cost to the average family is now estimated to be over $26,700.

According to Wikipedia, the average salary was about $50,233 in 2007 (See Full Story). That means that Obama's plan will effectively eat up more than 1/2 of the income of an average single-wage-earner family.

My first concern is whether or not we can even trust the $2 trillion number, anymore? After all, the initial $336 billion number had to be doubled. Then, that number, had to be more than tripled to $2 trillion! What's next? Quadruple the $2 trillion number to $8 trillion? These numbers are just exploding in size and within a relatively short span of time.

When it comes to numbers accuracy, Obama and his people can't seem to be trusted (See my previous blog entry on Obama's numbers game). Don't forget, this is the guy who claimed, just last year, that he would create 4 to 5 million new jobs. Now, we're down to only saving, maybe creating, a couple of million.

Also, it isn't just Obama who wants to dig into our pockets to save the planet. The United Nations is on the verge of setting up a global tax on every barrel of oil with the idea that it will raise almost $800 billion dollars a year to fight global warming and revive the world's economies (See Full Story). Since this country uses about 25 percent of the world's oil, the average American family will have to chip in another $1000 a year to fight this silly fight.

What is really sad about all this Global Warming crap is the fact that, for every carbon footprint that you and I save in the United States, the developing countries like China, India, Indonesia, and those in South America and Africa will "offset" that carbon savings, in spades, with their own, new carbon dioxide output as their own economies continue to grow. Someone should explain to our legislators and to those in Europe that our atmosphere has no territorial boundaries. Just maybe, the carbon dioxide output in China will ultimately work its way all around the world. Ya think?