Sunday, January 25, 2009

Hmmm...how else can we destroy the Economy?

Oh Yea, we will levy a huge tax on productive activities of all kinds. We will call it cap and trade and it will reduce productivity and put us at a huge competitive disadvantage with the rest of the world.

Yea, that's the ticket...and then the politicians will claim we need to bailout even more companies, etc etc etc.

Link
But cap-and-trade would amount to a tax, raising energy costs. And several independent studies have suggested that emissions limits could be a drag on economic growth, a concern raised frequently by opponents of climate change legislation.

"The whole economic issue will be front and center in the debate on this . . . on both sides," said Eileen Claussen, president of the Pew Center on Global Climate Change, who has discussed Obama's global warming plans with senior administration officials.

Polls show voters increasingly losing interest in global warming. By pressing ahead, Obama would be sticking with a program that he said during the campaign would be a high priority of his presidency.