Carbon-intensive imports would be subject to penalties at the border unless the country of origin requires emission reduction measures at least 80 percent as costly as ours. So a poor country like Mexico cannot possibly hope to meet this requirement. This trade war will be the equivalent of Smoot-Hawley passed in 1931 when unemployment was 10% and by 1933 unemployment was 25%. According to the House Ways and Means Committee the president would now be forced to impose the carbon tariffs — and could only opt out of doing so with permission from both chambers of Congress.
Clearly this president is going for the FDR record unemployment of 25%. This was a huge tax increase if 60% to 80% on energy will be brutally compounded with this trade war legislation written into it. What is this president going after?
Total dictatorship like FDR enjoyed in the 1930’s.
Presidency for life like Hugo Chavez enjoys and FDR lived.
Peasant class for 95% of Americans. To a liberal all you really need is some fruit and nuts to survive. Unless you’re Ted Kennedy.
Subjection of the white race in Europe and America to Arabs, Jews, Negros and Latinas.
The time for action is this 4th of July. TEA parties are scheduled all over America. Find out where one is in your area and attend.
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