What Fresh Hell Is This? -- The Real Cost of Cap-and-Trade

The latest numbers are enough to make you scream:

The Obama administration has privately concluded that a cap and trade law would cost American taxpayers up to $200 billion a year, the equivalent of hiking personal income taxes by about 15 percent.

A previously unreleased analysis prepared by the U.S. Department of Treasury says the total in new taxes would be between $100 billion to $200 billion a year. At the upper end of the administration's estimate, the cost per American household would be an extra $1,761 a year.

Cap-and-trade is basically a gigantic energy tax. And I don't know about you, but I do not have an extra $1,761 a year to throw away on some hare-brained enviro-fanatic scheme!

The sheer ideologically-driven foolishness of this is gobsmacking. In the middle of a recession, when people are losing jobs and folks all over the country are pinching every penny, let's raise the cost of living for everybody! And -- of course -- the poor will be hit the hardest of all.

I am tagging this "felony stupidity" too.