Posted on 04/21/2009 9:59:59 AM PDT by rabscuttle385
WASHINGTON -- Arizona Sen. John McCain ripped the White House cap and trade energy proposal on Tuesday as House Republicans said it is too early to debate a climate change bill because a major element of the legislation is missing.
The bill aimed to stop global warming by giving fossil-fuel burning industries a limit on greenhouse gas production is an "irresponsible, ill-conceived and distorted version of a cap-and-trade system."
"The president's proposal of auctioning 100 percent of the carbon credits is bad economic policy that would cost businesses billions of dollars and allow for little-to-no transition into a low carbon system," he said. "I am a supporter of a strong cap-and-trade system, but I will not and cannot align myself with a giant government slush fund that will further burden our businesses and consumers," McCain said at a Reform Institute Forum on energy reform.
McCain, Obama's 2008 Republican presidential opponent who was an advocate for a cap-and-trade system during the campaign, said the proposal makes it more difficult to work in a bipartisan way on the issue.
The program as written will be used as a "giant government slush fund" to pay for the Obama administration's agenda, McCain said.
Under McCain's approach includes "a combination of auctioning and allocating carbon credits" in a way "to accommodate the transition costs and allow businesses to stay open and prevent drastic increases in utility rates for costumers."
(Excerpt) Read more at foxnews.com ...
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McCain, Obama's 2008 Republican presidential opponent who was an advocate for a cap-and-trade system during the campaign, said the proposal makes it more difficult to work in a bipartisan way on the issue....Under McCain's approach... The shadow president speaks. |
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Then butt face, ya shoulda run a bit HARDER for president, instead of the pathetic job ya did. Then YOUR plan would be enacted. I hope the Minuteman beats you in your next election so bad you daughter feels it...
How about we just forget the whole cap and trade thing and stop kowtowing to the enviro-nazis???
John, please shut up and go away.
wth is “cap and trade” I can understand cap ON trade, but cap and trade makes no sense to me..............
I’m not clear on this- he supports a regular-sized slush fund as opposed to Obama’s giant one?
This guy served on board ships during the Vietnam war.
Knowing what John has done since, I find his name most appropriate. His actions have stunk up the place.
one definition among others...
Cap-and-trade: A cap-and-trade program is one in which a government or regulatory body first sets a limit or “cap” on the amount of environmental degradation or pollution permitted in a given area and then allows firms or individuals to trade permits or credits in order to meet the cap.
...another def...
A specific type of emissions trading system where total emissions are limited or ‘capped’. Permits are allocated or auctioned up to the set cap, and a market allows those participants emitting less than their quota to sell their excess permits to emitters needing to buy extra to meet their cap.
Classic RINOism:
Dems ask for 40% top rate - RINO’s want 39%
Dems ask for $3 Trillion in budget outlays - RINO’s want $2.8 Trillion
Dems want Global Warming reduced by 1 degree in the next 100 years - RINO’s want .8 degree reduction.
...just prior to resigning from the US Senate!
Why doesn’t congress just pass a law that all thermometers must read 1 degree lower?
“I am a supporter of a strong cap-and-trade system, but I will not and cannot align myself with a giant government slush fund that will further burden our businesses and consumers,” McCain said at a Reform Institute Forum on energy reform”
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Translation: none of my buddies are benefiting
ME TOO!
LOL. McCain supports a cap-and-trade system where carbon credits, a thing of value in this convoluted scheme, are given to his preferred interests. It's all taking money out of the pockets of citizens -- he's just arguing who should be enriched by the scam.
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