Carbon Tax On Electricity To Send Prices Skyrocketing
First salvo of Obama’s nightmare “green economy” targets impoverished Americans
Paul Joseph Watson
Monday, June 21, 2010
Americans already laboring under the financial duress of massive unemployment and the threat of a double-dip recession will be hit with massive electricity bill hikes if President Obama succeeds in ramming through the first salvo of his “green agenda” – a carbon tax on electricity companies which will be passed on to customers.
Obama is in a race against time to exploit fears over climate change as poll numbers show increasing skepticism towards the issue since the Climategate scandal emerged late last year. He is preparing to rush though a weakened version of the Kerry-Lieberman climate bill in an attempt to get a foot in the door, before pursuing the rest of the agenda after the November mid-term elections.
Part of this effort to pass a scaled back version of the climate change bill will be a version that only includes carbon caps on electric utilities, White House advisor Rahm Emanuel has indicated.
“The idea of a ‘utilities only’ [approach] will also be welcomed,” said Emanuel on Friday.
As Raw Story points out, this would “greatly leverage the profitability of US nuclear power generator Exelon,” which Emanuel helped create.
As the Wall Street Journal noted on Friday, the idea is to get the carbon trading system, which is primarily owned by oil companies, the Rothschild family and people like Al Gore, in place before expanding it to other industries.
The elite are still desperate to impose a consumption tax on Americans as part of the move towards a “post-industrial revolution” and the kind of nightmare “green economy” that has left Spain with a 20 per cent unemployment rate. In a so-called green economy, over 2.2 jobs are lost for every “green job” created. Electricity prices in Spain have “skyrocketed” since the implemented of these policies, according to a leaked government report.
The EPA has been busy floating propaganda about how Obama’s cap and trade legislation would cost Americans an average of $79 to $146 per year. In reality, as we have documented, the stronger provisions of the bill would see around $2.9 trillion shaved off the economy by the year 2050 if enacted. The legislation would also reduce GDP by 6.9 percent – a figure comparable with the economic meltdown of 1929 and 1930.