The Truth About H.R. 2454 American Clean Energy and Security Act of 2009

NY, NY (Aug 9) – The Republican Pundits, Spin Doctors, and Fairy Tale tellers are at it again spreading more rumors and outright lies regarding pending legislation in the Senate. H.R. 2454 also referred to as the Cap and Trade bill which, Cap and Trade has been introduced in just about every piece of legislation in the last year. H.R. 2454 will not cost homeowners their savings or prevent them from selling their homes for a profit.

Unbelievably, the Republican Party is now sending information out to those less fortunate enough to either have the ability to read or understand a legislative draft, informing homeowners that you will not be able to sell your home for a profit. That is an outright lie, there are very few restrictions placed on homeowners within H.R. 2454 American Clean Energy and Security Act, two of which, impose minimal restrictions on H.U.D. loans or restrictions of obtaining federal loan assistance if, the appliances included within the sale of the home are not energy compliant.

What does this mean? Essentially, not much since, the Clean Energy Act was first enacted into law somewhere in the early 90’s. Since that time, just about every electronic device or appliance you purchase at your local retail store is labeled with the Energy Compliance logo, that little picture of Mother Earth placed conveniently near the appliances estimating energy consumption and estimate annual operating costs, glued to just about everything that can be plugged into a wall socket in the store.

For instance, you are placing your home on the market and the home is say roughly 100 years old, and you have never replaced any of the appliances. Your refrigerator still requires blocks of ice, and your furnace still requires coal. Your air conditioning unit consists of, opening all the windows and plugging in electrical fans that are so old, rust is spewing from the blades.

Yes, this will cost you money to sell your home IF you are expecting a bank to provide the buyer with funds and you are including the appliances as part of the purchase price. For instance, an upgraded 100-year-old home, which has a furnace that is no older than say, 10 years, and your kitchen appliances fall in the same range. Along with that, your air conditioning unit or units are either window mounted, which do not count nor have they ever but your central air conditioning does is relatively new and still operational and DOES NOT USE Freon then, your all set.

To make this Republican Party group of lies even more ridiculous, in most states in the Union, to sell a home you must have at least what is termed a 30 year roof consisting of materials, usually shingles, that will last at least 30 years, and has not exceeded that time limit or, is prorated on behalf of the consumer for their protection, accordingly.

This term, having a solid roof over your head, is a term that started over 100 years ago when lenders were mortgaging farms in the mid-west. In order to receive a mortgage at that time, it was stated, “You must have a solid roof over your head” to prove you have a building worth mortgaging. Not many grass huts qualified then, or now for bank monies.

Moving on, the next LIE being dished out by the GOP regarding the American Clean Energy Act and Security Act of 2009, the fees skyrocketing 333 percent. People, do not fear that number, the bill only states that now, the American worker coming out to inspect your house may now charge you $50 to provide the Energy Efficiency Seal, over the $15 they were charging in the past. Excuse the workingperson once again for requesting to be offset for fuel costs and materials as they drive to your home, which, in most cases you purchased for $39,000 in 1979. Now trying to pawn off for close to $500,000 do you think if you sell this house with that kind of profit margin, you can spare the 35 bucks?

The bill also contains two related bills, Clean Energy Jobs and American Power Act, and Reducing Global Warming.

Of the 553 sections in the original bill as passed by Congress June 26, 2009 there are four possible sections concerning homeowners and protecting consumers, Sections 290 through 293. The rest of the bill from the homeowner’s perspective, concerns lending practices that involve energy efficient appliances, appliances that contain Freon, now considered an illegal refrigerant, and a final determination allowing the lender on behalf of the borrower the right to refuse the loan if the home does not meet Energy Efficiency Requirements.

Now of the remaining 549 sections of the bill, most of which do not come to fruition until the year 2050 that is that for the most of us by the way, involve PROVIDERS of power, or utilities to clean-up their act. Yes, these will more than likely be passed on to the consumer however, ALL consumers not just homeowners as these idiot Republicans would like to force everyone to believe.

Now here is the bottom-line, when you purchased your home whether it is a brand-new manufactured home, or a resale, one would hope you were as concerned about the condition of the appliances as the bill is intended now to protect consumers today. That is, the hot water system, the heating and air conditioning, if applicable, as the government is now stating for the purposes of consumer protection, that you would expect the current buyer to be obliged to show the same concerns.

If you are attempting to sell or have purchased a home with inefficient sub-standard appliances, heating and cooling equipment, and are now suffering the consequences, you are simply an idiot and are falling prey to some insane Republican Party neocon nonsense, complete LIES.

Once again, the bottom-line is simple, you those that the lying neocon Republicans claim are being ripped off by this bill, are now being placed in a situation whereas, if your appliances are not energy efficient compliant, will need to either replace the products, OR simply reduce the sale of your home to cover for the repairs.

That is, you people that have purchased homes prior to 1982 generally prior to the late 70’s pre-energy compliance laws, paid somewhere in the neighborhood of $39,999 for a nice split level ranch in one of the most now, expensive areas of the country, San Diego County, and yes that was the price in the late 70’s.

For example, you are now attempting to resell that home realizing a profit of $475,000 the average price for a nice split-level ranch. Suddenly, you feel you are being ripped off by having to go out and spend maybe $2,000 dollars on energy efficient appliances for you home to allow the buyer to qualify for FEDERALLY GUARNTEED MONIES to purchase the home, you are not being reasonable.  You may have to upgrade your 40 year old appliances, or one would think that you already have for the sake of comfort and savings on utility bills, if that is the case, then sell it to another qualified buyer that is not using federally backed monies, thief.

This bill DOES NOT MANDATE that you cannot sell your home as is, for cash, or to a qualified buyer you plan on ripping-off with a pre-approved bank loan, this bill explicitly states that in order to qualify under one of several HUD programs, you have to be energy compliant and stop robbing the consumers.

What, a $473,000 profit versus a $475,000 profit is going to cause you anguish and lose sleep at night? Besides, the majority of homes on the market today, this is fact not fiction, were slammed together during the Bush era rip-off the consumers via lending fraud, and are and do meet current energy efficiency standards.

Republicans, stop lying to the nation’s mainly elderly group, and consumers in general. Your party has robbed this nation enough already, move to some third world country where you can rein deceit and spread hate amongst the masses such as your once allies, the Taliban do in Afghanistan.

American voters take heed these stories being printed and published by the RNC and their pundits are simply telling you more lies to secure their cushy jobs in Congress.

This bill is not going to cost you anything more than possibly, an additional 35 bucks to have your house energy certified and once again, this regards your appliances for the most part. If someone has a house that is falling apart, windows and doors broken, the roof leaking, and think that you are being abused by this bill, well I certainly hope someone forces you into making the repairs, or offering the buyer substantial reductions in the asking price of the home to have the repairs made.

There are NO provisions that state the commissioner of the EPA will prevent you from selling your home, it simply adds an additional degree of consumer protection, and in fact, if you don’t want to comply then, find a buyer that is not turning to the FHA, VA, or HUD for funding. This bill is only mandatory under those sales. I say from the taxpayer perspective, HEAR HEAR to that, it is about time someone begins watching out for my hard-earned tax dollars and showing legitimate concerns for the environment unlike the Republican Party.

Let us not forget, that it was the Bush Administration, and his GOP colleagues that refused to enter the Kyoto Global Climate Initiative. Bush and his rich friends live in fear that they would lose money making their plants compliant regarding the emissions of greenhouse gasses under the bill, and would have to spend money. The Republicans claimed it would cost Americans jobs, another fear tactic used against the American public, tactics used by politic parties of the third world.

The Bush Administration then went and provided the largest tax cuts to the wealthiest of this nation, passed the Foreign Tax Credit bill, allowed Wall Street campaign contributors, and oil industrialists to run amuck, with the bottom-line they sent the millions of American jobs they claimed would have been lost over Kyoto, overseas anyway. They simply closed the factories, never complied, sent jobs off-shore and collapsed the nation’s economy with bogus consumer lending practices, all paid for by the American Taxpayer.

Posted by worldnews on August 9, 2010. Filed under DNC - On The Trail,economic recovery,economy,Environment,Moderate,Money,National News,Opinion Editorial,Politics,RNC,RNC - Issues,US Business News,US Politics,WorldNewsVine. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.