WASHINGTON - Today House Democrats strong armed H.R. 2454, the Clean Energy and Security Act, otherwise known as ‘Cap and Tax' legislation through the House of Representatives. It passed by a vote of 219 to 212.

According to President Obama's preferred narrative for explaining the financial crisis, it is an "indisputable fact" that a lack of adequate regulatory structures allowed the inflation of a housing bubble that brought down the economy when it burst. The centerpiece of his attempt to address this is the Consumer Financial Protection Act, legislation that would create a new Consumer Financial Protection Agency (CFPA). The ostensible

Before I lost my mind and entered politics, I was in the car dealership business for 25 years. In fact, I was the first Saturn retailer chosen back in 1988, and served on the Franchise Operations Team. I opened one of the first 25 stores in 1990 and eventually owned and operated five Saturn Facilities in Orange County, Calif.

Cap and Tax Bill: I write you this from a Saturday morning flight home to California after one of the biggest votes of my Congressional career. I'm sure you have already heard a lot about this bill that passed by a vote of 219-212 on Friday evening. It is known by a variety of titles, but most commonly as ‘cap and trade,' ‘cap and tax,' or ‘the national energy tax.' I won't repeat a lot of what you already know. But suffice it to say, this bill will be a disaster for our economy, which is already in huge trouble.

I have stated many times in the past, that Republicans in the White House and Congress have spent too much. I have said it since I came to Congress in 2005, and I am saying it again today. However, the budget, spending, and deficits we are now seeing are almost incomprehensible. The numbers are so large in fact that we fail to conceptualize them. In order to help with that, here is a chart from the Heritage Foundation detailing the average federal deficit as a percentage of GDP, for Presidents Carter through Obama. This graph speaks for itself.