Sarah Palin slams Obama on Cap and Tax

In a Washinton Post op-ed piece, Sarah Palin contends that President Obama’s cap and tax plan is “an enormous threat to our economy” and that it will not only undermine the economic recovery but also inflict long term damage.

There is no shortage of threats to our economy. America’s unemployment rate recently hit its highest mark in more than 25 years and is expected to continue climbing. Worries are widespread that even when the economy finally rebounds, the recovery won’t bring jobs. Our nation’s debt is unsustainable, and the federal government’s reach into the private sector is unprecedented. [...]

In addition to immediately increasing unemployment in the energy sector, even more American jobs will be threatened by the rising cost of doing business under the cap-and-tax plan. For example, the cost of farming will certainly increase, driving down farm incomes while driving up grocery prices. The costs of manufacturing, warehousing and transportation will also increase.

The ironic beauty in this plan? Soon, even the most ardent liberal will understand supply-side economics.

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.

Even Warren Buffett, an ardent Obama supporter, admitted that under the cap-and-tax scheme, “poor people are going to pay a lot more for electricity.”

Palin goes on to outline ways in which we could become energy independent that will help the economy – coal, natural gas, drilling in ANWR, and nuclear.

I hope she uses her star power over the next few months to deliver this message throughout the lower 48.