From “Front & Center”, by Bud Burrell

I have written in the past about the harsh realities of the Cap and Trade Bill and its impact as written. Today, the Congressional Watch put out its estimates of the impact of such legislation on the American economy in the near term.

Their first estimate is that the GDP would be reduced by $2 Trillion minimum every year beginning with its implementation.

The price of every vehicle manufactured to the new emissions standard would be upped by $1300 per vehicle.

Approximately 1.1 Million jobs would be lost, before application of economic magnification to a multiple of these losses.

The price of Gasoline would jump by 76%.  The price of electricity would jump by 95%.

Overall, every American family would be paying over $3100 a year for these new programs best case, a staggering number for the average family, a hit they can’t absorb. [entire post]

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