Cap and Tax will rise again

Like green manna from heaven, the Gulf of Mexico oil spill may give Democrats yet new fodder to push cap-and-trade -- legislation setting a national limit to carbon emissions and giving the federal government the authority to parcel out "carbon credits." Never mind that the climate has absolutely no connection to the spill, or even help mitigate future possibilities of disaster, but that's not the point - there'd be few things more shocking than if Team Obama didn't somehow exploit a "good crisis." So what is the point? Well to understand, one must first understand progressives: while most people view disasters as, well disasters, what progressives see is power and giant tax dollar-signs. Formally titled the Clean Energy Jobs and American Power Act, the bill would require a 3 percent reduction in greenhouse gas emissions by 2012 (compared to 2005), a 17 percent reduction by 2020, and 83 percent by 2050, all in the name of combating the (nonexistent)...(Read Full Post)

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