Analysis: Climate bill may spur energy revolution (apO and the Dems economy wrecking smokescreen)

AP on Yahoo ^ | 6/27/09 | H. Josef Hebert - ap

[NormsRevenge]

WASHINGTON – Congress has taken its first step toward an energy revolution, with the prospect of profound change for every household, business, industry and farm in the decades ahead.

It was late Friday when the House passed legislation that would, for the first time, require limits on pollution blamed for global warming — mainly carbon dioxide from burning fossil fuels. Now the Senate has the chance to change the way Americans produce and use energy.

What would the country look like a decade from now if the House-passed bill — or, more likely, a water-down version — were to become the law of the land?

"It will open the door to a clean energy economy and a better future for America," President Barack Obama said Saturday.

But what does that mean to the average person?

[Fredgoblu]

Stupid question...and I'll post it here and elsewhere instead of starting a vanity thread...

What prevents other countries from bidding up the price of a carbon credit, to the point that we cannot afford our own energy, and our industries cannot compete with imported manufactured goods?

What if China simultaneously dumps all of their treasury notes and trades them for American carbon credits? What then?

[Night Hides Not]

We’ve done it before. We’ll do it again. It may not look like it now, but Obama and the MSM are digging their own graves.

The trouble is that they're digging 'em big enough for all of us.

When the definition of "rich" descends to households earning $100K/year, Obama's ratings will fall below 35%.

Any spare cash I have after paying bills is going into canned goods and ammunition.

[tobyhill]

The only thing it’s sure to spur is higher energy cost and loss of jobs.

[Tublecane]

Even when government pulls out all the stops, makes money no object, and creates things like the Manhattan Project, it can’t just conjure revolutions out of thin air. If it had not been for Einstein in 1905, the fabrication of superconductors, the discovery of the neutron, the splitting the atom in the ‘38, or figuring out U-235 uranium, our government would have been up crap creek.

Scientists came up with nuclear power on their own (albeit supported by universities and private money). All FDR did was buy a lot of stuff for them to put it together.