CBO: CAP & TRADE WOULD HURT ECONOMY

WASH POST:

Cap-and-Trade Would Slow Economy, CBO Chief Says

A House-passed bill that targets climate change through a cap-and-trade system of pollution credits would slow the nation's economic growth slightly over the next few decades and would create "significant" job losses from fossil fuel industries as the country shifts to renewable energy, the head of the Congressional Budget Office told a Senate energy panel Wednesday.

CBO Director Douglas W. Elmendorf emphasized that his estimates contained significant uncertainties and "do not include any benefits from averting climate change," his message nevertheless contrasted sharply with those of President Obama and congressional Democratic leaders, who have suggested that a cap on carbon emissions would help revive the U.S. economy.

OBAMA LIES ABOUT EVERYTHING:

OBAMA ARGUES OBAMACARE WILL LOWER THE DEFICIT, BUT IT WON'T.

OBAMA ARGUES CAP & TRADE WILL HELP THE ECONOMY BUT IT WON'T.

OBAMA ARGUES WE NEED TO "RESET"/APPEASE RUSSIA TO GET THEM TO HELP WITH IRAN, BUT THEY DON'T.

OBAMA ARGUES WE NEED A TRILLION DOLLAR STIMULUS TO CREATE JOBS, BUT IT DOESN'T.

AND SO ON.

OBAMA HAS DONE NOTHING RIGHT - EXCEPT KEEP GITMO OPEN.

OBAMA IS THE WORST PRESIDENT EVER - IN RECORD TIME.