Odd Legislation (cap-and-trade)

Washington Times ^ | July 28, 2009

[La Lydia]

"The fresh news about Washington - the White House and Congress - is that things are not going very well," Pete Du Pont writes at www.opinionjournal.com. "A new president in full command of public-policy matters is having problems, from health care to taxes to massive federal spending and now to the Waxman-Markey bill, one of the oddest and most far-reaching pieces of legislation advocated by the new administration...."It passed the House a few weeks ago by a 219-212 vote - not much of a margin. Most interesting was the fact that of America's 50 state delegations in the House, 28 voted no and 22 aye, and one quarter of the 219 majority votes came from New York and California. Most of America's states and communities didn't much like the bill.

"No wonder, for it would regulate many things - energy, wages, imported goods, corporations, states, cities, buildings and houses, snowmobiles, lawnmowers, light fixtures, candelabra base lamps and many others - while containing broad exemptions for regulation of agribusiness, ethanol and biofuels. The Waxman-Markey bill would be without question the biggest expansion of federal government control over our economy since the 1930s.

"...it would reduce America's real gross domestic product by $400 billion each year - a cumulative loss of $9.4 trillion by 2035 - leading to almost 2.5 million job losses, and raise inflation-adjusted electricity rates by 90 percent. For a household of four, it would cost on average $2,979 annually, and in 2035 the total family cost would be over $4,600 for everything, including power, food, supplies, gasoline and transportation."

[La Lydia]

So, this is being forced down our throats mostly by California and New York.

[steelyourfaith]

 

Beam me to Planet Gore !