Comment

Cap-and-Trade Passes House

254
Athos6/26/2009 5:17:52 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).

No, in this case they aren’t failing econ 101. They understand econ 101 quite well. Their preference for energy use and sources are not economically viable in a free market system. They have decided to kill the free market system in order to make those renewable sources now ‘viable’.