Comment

Cap-and-Trade Passes House

251
Kragar6/26/2009 5:17:00 pm PDT

re: #234 lawhawk

Wrong question. Correct question is when do these energy companies pass on the costs to the end users - which will be everyone since no business is going to eat these costs.

Politicians fail economics 101 yet again - and this time they’re doing it on purpose because they’ve bought into the vaporware of cap and trade as though it will actually save the environment. It will do no such thing; it only will act as a brake on the economy and destroy whatever jobs are created or saved by the trillion dollar porkfest (and we’re already seen the fail of the porkfest since the jobs aren’t being created or saved).

Companies will probably raise prices as soon as they can to match projected costs estimates in the future. My opinion