Friday, February 27, 2009

FOX NEW$$$$: Obama’s Climate Rip-Off

http://foxforum.blogs.foxnews.com/2009/02/26/milloy_obama_energy/

President Obama wants to pay you to support global warming regulation. What he isn't saying, however, is that his enticement won't come close to covering what the regulations will cost you.

In his 10-year budget released this week, the President proposed a so-called cap-and-trade scheme to reduce greenhouse gas emissions. Under the proposal, 100 percent of the permits to emit greenhouse gases would be auctioned to coal and natural gas-burning electric utilities, industrial plants and other emitters-to-be-designated. The proceeds from the auctions would then distributed to individual Americans "to help the transition to a clean energy economy," according to his budget proposal.