The proposed Cap and Trade Bill is really just a scam. It is pork bill where the US Government will give out energy credits to companies for carbon. If they need to exceed the credits, they trade with another company. This really sounds like a scam that will give the government power. Speculators will get rich and the average American will pay higher energy rates. In other words, this is a scam.
Global warming bill becomes another Washington porkfest
Rather than stopping the rise of the oceans, President Barack Obama’s push for greenhouse gas regulations is turning into another all-you-can-eat porkfest. As Rep. Henry Waxman, D-Calif., prepares to introduce a climate bill in the House Energy and Commerce Committee he chairs, big businesses and their well-connected lobbyists are lining up with the hope of getting rich off these regulations.An early winner looks to be the power companies, represented in Washington by the Edison Electric Institute. U.S. automakers, soon to be controlled in part by the labor unions who so generously fund the Democratic Party, are also among a handful of likely beneficiaries of this legislation.Waxman’s bill, set to be drafted in committee next week, is centered on a cap-and-trade mechanism for curbing greenhouse gas emissions. Under cap-and-trade, the government requires many GHG emitters, such as power plants and factories, to “pay for” their emissions with special credits, with government controlling the supply.
This will do nothing to make America self sufficient in energy or help the environment. If Obama and Congress were serious, instead of bailouts and the pork stimulus bill, how about a serious program for new energy sources? How about building nuclear power plants, creating cheap hydrogen cells and the infrastructure to support this. This would create jobs and help our national security. When big government and big businesses work together we all lose.
Tags: Cap and Trade, Corporatism, obama, Scams
