There appear to be at least some members of the media falling off the Obama bandwagon. In an unsigned editorial, the Detroit News blasts the carbon tax proposed by Barack Obama as a dagger aimed at Michigan’s heart.
The carbon tax will be paid by energy companies, manufacturers and public utilities, who will pass the cost on to their consumers. Michigan will be especially targeted. It gets 60 percent of its electric power from coal plants, and the state’s economy is still reliant on heavy manufacturing such as car and truck assembly and auto parts production.
Michigan will lose as carbon tax money is shifted to states with a greater presence of high-tech and service businesses.
The proposed tax would take effect in 2012 and has the very real potential to throw the nation back into recession, if indeed the expected recovery has arrived by then. It’s impossible to raise costs for such basics as manufacturing and energy production by more than half a trillion dollars over a decade and not have the effects felt across the economy.
No, the effects cannot be avoided. They will be drastic. This is nothing more than a huge tax increase that will be devastating on the economy and on the people of this country. Worse yet, the effects of this massive tax hike will be particularly harsh on those who can afford it the least. It is regressive at its very core.
Even the Detroit News sees the one important truth – or lie, depending on how you look at it – of this massive carbon tax: The companies will not pay the cost of it. We will. Each and every one of us who buys, consumes or uses pretty much anything.
Welcome to the wonderful world of Obama. All of this was known well before the election. He specifically stated on more than one occasion that the policies he wanted to put in place would bankrupt the coal industry and raise the price of fossil fuels to the area of $5/gal. People were so enamored of the idea of having an articulate black man as president they completely stopped listening to what was actually coming out of his mouth. The media were complicit in this by refusing to question anything he said and deliberately glossing over anything that might portray the Obamessiah in a bad light. And now they want to start complaining? The Chosen One is going to destroy not just our economy but the entire world economy and nobody has the guts to stop him.
Maybe Joe Biden could do a better job!