Tuesday, June 30, 2009

The Economic Impact of the Waxman-Markey Cap-and-Trade Bill

It is clear that cap-and-trade is very expensive and amounts to nothing more than an energy tax in disguise. After all, when you sweep aside all the complexities of how cap and trade operates--and make no mistake, this is the most convoluted attempt at economic central planning this nation has ever attempted--the bottom line is that cap and trade works by raising the cost of energy high enough so that individuals and businesses are forced to use less of it. Inflicting economic pain is what this is all about. That is how the ever-tightening emissions targets will be met.
Excellent piece on the real cost(s) of cap and trade across the board, not what the media would have you believe.
Read on here

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