Posts tagged as:

Cap and Trade

Cap and Trade’s Heritage

by Doug on June 26, 2009

in Economics, History, Politics, Reform, Technology

The massive energy tax couched as a climate bill, most often called Cap and Trade, is only the latest incarnation of liberal genius applied to energy policy. Remember it was Pres. Jimmy Carter (D) who championed the creation of the U.S. Department of Energy, which was accomplished during his first year in office. (Quick: Name three stellar accomplishments of the Dept. of Energy. Yeah, I can’t either…) Now we have Pres. Obama pushing for a massive additional layer of bureaucracy for energy policy, accompanied by new taxes which will, by Obama’s own admission during his campaign, lead to greatly increased costs to American families for electricity and fuels.

As you think about whether this legislation will accomplish its stated goals, keep the two headlines in this article in mind.

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Newt Clarifies Waxman’s Thinking

by Doug on May 4, 2009

in Politics

Former Speaker Newt Gingrich recently testified before a House committee hearing on the “Cap and Trade” bill. (You can understand that bill name to mean “Ration and Tax” and you’ll pretty well have the idea: Energy is going to be much more expensive after Obama, Al Gore, Nancy Pelosi and Harry Reid get it passed.)

California Democrat Henry Waxman is doing his best to marginalize the ideas put forth by Gingrich, and diminish his credibility, when Newt levels him with his own words. It’s only 2:20 in duration, so be sure to watch to the end.

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