Today turned out to be another day where Madame's predictions regarding the Obama administration's plans proved to be true. The Great Opologizer conceded that Cap and Trade legislation would cost Americans $200 billion a year, which is equivalent to a 15% income tax increase.
In July, Madame and I worked on a Cap and Trade op-ed for the Washington Compost. Oops, I mean Washington Post (sorry, I've been listening to a lot of Mark Levin lately). In this brilliant, sarcasm-laden piece, Madame called "Cap and Trade" "Cap and Tax", and rightfully so. Let me just pull out a few excerpts from this article that have proven to be true (hurray, I get to use bullet points):
- Consequently, many of us in this huge, energy-rich state recognize that the president's cap-and-trade energy tax would adversely affect every aspect of the U.S. economy. (You see, Madame called it like she saw it. It is a tax.)
- The Americans hit hardest will be those already struggling to make ends meet. As the president eloquently puts it, their electricity bills will "necessarily skyrocket." So much for not raising taxes on anyone making less than $250,000 a year. (Sarcasm, yes!)
We shouldn't be surprised that Madame was right about this one, though. Over a year ago in her RNC speech, she said, "Taxes are too high ... he wants to raise them. His tax increases are the fine print in his economic plan."
Yep, the fine print, President Obama tried to play hide-the-taxes with his economic plan, but it looks like he found it himself. Although, Madame pointed this out in a Facebook posting of a Heritage Foundation study over a month ago.
That's OK, Mr. President, Madame already knows she's faster than you.