Comment

Cap-and-Trade Passes House

644
Bagua6/26/2009 6:36:18 pm PDT

re: #638 austin_blue

At the risk of karma and flying brickbats, I’ll jump in. I can’t and won’t defend the add-ons. I don’t know the specifics. But the basics of the bill are certainly familiar to anyone who’s has been in Congress for any length of time. Cap and trade has been discussed ad nauseum. Many of the power companies have been clamoring for it, knowing it was going to happen sooner or later. They want to know what the playing field looks like. Let’s face it, coal and oil are finite resources. We will have to develop alternatives sooner or later. Why not do it now?

Because it is economically unsound to “do it now.” Instead of putting a choke hold on industry, we should be working to collapse the price of crude oil, NG, Coal, Nuclear, etc. the resulting cheap energy will lead us to a golden age in which we will no doubt make massive progress in a variety of alternatives. It is much easier to make progress with lots of money and productivity. The greenie agenda will do the opposite, it will starve us.