Curmudgeon's Corner

cur-mud-geon: anyone who hates hypocrisy and pretense and has the temerity to say so; anyone with the habit of pointing out unpleasant facts in an engaging and humorous manner

Misguided Energy Bill Passes House Vote...

Economy, Political, Taxes, U.S., Wisconsin

The United States House of Representatives has passed H.R. 6, the misguided energy bill, by a vote of 235 to 181.  Two members of the House from Wisconsin voted against this bill:  Paul Ryan and Jim Sensenbrenner,  All the Wisconsin Democrats voted yes as did the RINO Tom Petri (R).  RINO stands for 'Republican In Name Only' as you'll recall.

This bill is now in the Senate and there were no predictions as to the outcome of that vote.  We can only hope it is defeated.

Just how is the bill so misguided?  Well, let's take a look:

  • It fails to increase the supply of energy resources that exist in our own country in abundance and that exacerbates our need for foreign oil.
  • It increases taxes on American companies by over $20 Billion, and that trickles down to you and me.
  • It increases the minimum fuel economy for both cars and light trucks to 35 miles per gallon by the year 2020 and that raises the price of vehicles.
  • It creates new 'green pork' by authorizing governors and local officials to issue tax credit bonds with very few restrictions on what that money can be spent on.  Examples of a couple of potential uses are the 'indoor rain forest' project in Iowa and the purchase of 'hybrid' snowmobiles in Aspen, Colorado.  Are you willing to trust Governor Doyle with this money-raising device?  or Mayor Barrett?
  • It includes 'forestry conservation tax credit bonds' in the amount of $500 Million that appears to apply only to one parcel of land in Montana owned by a big private timber company.  Can you spell E-A-R-M-A-R-K?
  • It repeals the domestic manufacturing deduction for exploring, extracting, and refining oil and natural gas here, thus leading to increasing imports, and higher prices for oil and gasoline.  That sounds like something we need, huh?

Finally, this 1,000 page bill that was released just a day before the vote was called (so as to permit careful study, I'm sure), lacks the language that would expedite the oil refinery permit process so that we could get more fuel to the marketplace more quickly.

I suspect that those voting in favor will have some pat answer to the question of why they did so.  It will sound something like:  "We can't permit the perfect to get in the way of the practical".  "We have to take what we can get when we can get it."

This is very much the story of the boiling frog.  Each incremental step raises the temperature.  We just let these things happen and keep re-electing those who make those votes.  They continue to take similar actions year after year.  We then wake one day and wonder how our country was plunged into such a deep recession for so long.  Finally, we frogs are cooked.

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