Y'SEE, THE CALCULATOR RIBBON BROKE WHEN WE FIRST FIGURED THIS... - AT 7:48 A.M. ET:  Reader Jim Meyer alerts us to the latest adventure in Obama accounting, second only to Hollywood accounting in its vivid imagination and keen use of exciting fiction:

President Obama's climate plan could cost industry close to $2 trillion, nearly three times the White House's initial estimate of the so-called "cap-and-trade" legislation, according to Senate staffers who were briefed by the White House.

A top economic aide to Mr. Obama told a group of Senate staffers last month that the president's climate-change plan would surely raise more than the $646 billion over eight years the White House had estimated publicly, according to multiple a number of staffers who attended the briefing Feb. 26.

COMMENT:  And, of course, we're not permitted to debate the "science" behind the climate panic.  Professor of Wind and Rain Al Gore says so. 

Oh, by the way, who will really pay the price when industry passes on its costs to the consumer?  But we deserve to be punished because we like cars and barbecues.

March 19, 2009