Obama’s newly submitted budget contains almost 1 trillion dollars in direct new taxes and an additional half a trillion more in “cap and trade” taxes on businesses which are directly aimed at reducing CO2 emissions from American businesses.

So, those of us who warned that an Obama Presidency would put crushing burdens on American business in the name of “Saving the Planet” were correct. Also those of us who said that Obama’s claim of a net tax decrease was a transparent campaign lie were correct. Of course I was one who said both of these things.

And don’t be fooled, this half a trillion dollars in cap-and-trade taxes is just the tip of the melting iceberg when it comes to burdens on American business in the name of planetary salvation. More is coming. Much more.

I hope you liked America, because in ten years you won’t recognize it.