Under a cap-and-trade system, government sets a cap on the total amount of carbon that can be emitted nationally; companies then buy or sell permits to emit CO2. The cap gets cranked down over time to reduce total carbon emissions...The hit to GDP is the real threat in this bill. The whole point of cap and trade is to hike the price of electricity and gas so that Americans will use less. These higher prices will show up not just in electricity bills or at the gas station but in every manufactured good, from food to cars. Consumers will cut back on spending, which in turn will cut back on production, which results in fewer jobs created or higher unemployment. Some companies will instead move their operations overseas, with the same result.
Examiner
Even as Democrats have promised that this cap-and-trade legislation won't pinch wallets, behind the scenes they've acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit $5 a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them.
Houston Chronicle
To paraphrase Pink Floyd, the energy bill that the House of Representatives may vote on as early as today would have us trade congressional hot air for the cool breeze of meaningful policy....It may seem like the cool breeze of change, but the bill is just more of the same hot air that’s become the trademark of Congress.
The American Spectator
It will be of little avail to the people, that the laws are made by men of their own choice, if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood; if they be repealed or revised before they are promulgated, or undergo such incessant changes that no man, who knows what the law is to-day, can guess what it will be to-morrow. Law is defined to be a rule of action; but how can that be a rule, which is little known, and less fixed? -James Madison
Huntington News
Waxman-Markey’s Cap and Trade is a plan that shoots us in the foot. We can’t afford this bill, especially when it means nothing in return. Please call your legislators now
Deseret News
It is true that Americans have a history of being inventive in the face of challenges. However, such inventiveness thrives best in the absence of draconian, government-engineered crises. It works best under free-market conditions.
Posts
0 comments:
Post a Comment