Right now in Whatcom county, WA, we are in a battle over a coal terminal that the Obama administration wants very much to build in our county. The sale of the coal to China depends on a weak dollar. If the dollar strengthens, the deal will disappear. China doesn’t need our coal, and the PRB coal is junk coal, anyway.
The Obama administration’s idea of commerce is to export US natural resources to developing nations where the manufacturing and jobs will take place. All of that depends on a weak dollar. Cap and trade is designed to make sure that the manufacturing and jobs go along with the export of the natural resources.