If you will recall, the Cap and Trade Bill was passed in a big hurry by Obama. Everyone talked about the "Carbon Footprints" that we all make by our lifestyle choices, i.e., car miles = gasoline usage; heating & electricity = fuels consumed; clothes or food you buy = energy is utilized in manufacturing, etc. As you can see, this so-called "Carbon Tax" is a surtax on everything you personally use to force you to use less by imposing this Federal Tax Law or you pay more.
Now, did you know this same tax bill has still a bigger impact on your life? It contains the "Carbon Tax" on imported goods into the United States and that adds to your personal tax burden further. In Obama's Stimulus Bill the "Buy American" provision further limits imports from being bought in the United States which increases more cost to Americans. The big Labor Unions' anti-trade views dominate the Democrat Congress and liberal think tanks and protectionism is now justified. This is the cornerstone of Obama Trade Doctrine, by a President that is ignorant who does not look at the past 80 years of trade history and realize it is very wrong.
During the Depression years of 1929 to 1939, FDR had these same policies and late in his administration they were finally rescinded which turned world trade around that went forward until now. The reality now is that it will be "every country for itself" during a major global recession, so get ready for the next war, the "Global Trade Wars"!
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