Cap and Trade in a Nutshell
Written by Michael Rebmann on June 25, 2009 – 11:32 am -Contact your representative today and demand that he/she not vote for the Cap and Trade bill tomorrow.
The decision by Congress to go with a “cap and trade” system over a more straightforward carbon tax, attempts to delude the American people into thinking that this is a “market-based approach.” When really it is an aristocratic-based approach.
Cap and trade would allow the industries that produce pollution to have a government-granted cartel over their respective industries. Just like other infamous cartels, including OPEC on oil and the AMA on doctors, this is bad news for the American people since it all drastically increases the cost of energy. This means that new companies that want to enter the market will have to buy credits that have already been auctioned off.
Each of these cartels creates high barriers to entry for new competitors. For example, “if somebody wants to build a coal-powered plant, they can; it’s just that it will bankrupt them because they’re going to be charged a huge sum for all that greenhouse gas that’s being emitted,” as Obama stated on the campaign trail.
Even though it will be hard for a new company to set up shop in the energy industry, after this, the profits from this exclusive cartel will be given to Congress and not to the companies to reinvest into possible innovative efficiencies. This will only add more money to the congressional budget that will undoubtedly be handed out to special interests, undoubtedly in the form of ever-burgeoning “entitlements.”
For the average American, that means higher prices on energy, higher unemployment due to increased costs upon these companies, and even reduced economic output for the whole country causing a decrease in the average American’s income. [source]
Obama even admits, at the 40 second mark, that electricity rates will skyrocket, yet he still advocates this bill which will concentrate more wealth in the hands of a select few while hurting the business climate overall.
Posted in Economy, National, Nutshell Series, Obamamania |
June 25th, 2009 at 11:47 am
This is what Congressman Ron Paul has to say about the Cap and Trade bill.
June 25th, 2009 at 1:18 pm
I can hardly believe I’m living at a time in American history when the government is using pseudo science to severely harm American’s access to energy.
The situation of a severe economic toll caused by skyrocketing electric costs isn’t all that different from the economic warfare practiced by the Soviets against official ‘enemy’ minority groups.
Gore and Obama make the ridiculous claim they are out to save the earth, yet it’s easy to predict poor people dying from lack of heat in the winter and lack of air conditioning in the summer due to super high electricity costs. The next step will be a tax on breathing, or at some point the politicians might even admit the truth, that they consider us their slaves who are only allowed to live and work for their benefit.
If there was ever a bill in US history that will create a 2 tier society it is certainly this one. Make that 3 tiers-super rich people who can afford heat and air conditioning, severely at risk poor people, and king like politicians who get to decide who lives and dies from lack of energy.
I also must say I can’t believe this global warming complete bs con job has lasted so long. There is actually a lack of grain word wide right now due to unusually cold weather!
June 25th, 2009 at 3:08 pm
Someday the streets of America are going to look like the streets of Tehran today.
The scumbag fascists on the Potomac have a bill that is now over 1200 pages.
I saw one being interviewed on TV today and was asked if he read it. Of course not he said, it’s 1200 pages long, but I read the most important provisions!
Asked about it being anti-coal, he said no it wasn’t anti-coal at all, as a matter of fact it has subsidies in it for new coal power plants.