Issues
Cap and Trade
Cap-and-trade Legislation is designed to make carbon a liability, thereby driving up the cost of burning fossil fuels to generate electricity or using carbon-intensive equipment to power industrial factories and processes.
The underlying mis-guided liberal theory is that renewable energy will instantly become more competitive & advantageous. The reality is that it will cost Americans jobs, decrease domestic productivity, and further slow down our economy. Nancy Pelosi and The President have bigger goals: To continue to vilify and punish corporate America, and to appease the “Global Warming” zealots that support them lock step.
Remember President Obama’s own words, “So, if somebody wants to build a coal plant, they can - it’s just that it will bankrupt them, because they are going to be charged a huge sum for all that greenhouse gas that’s being emitted.”
And Speaker Pelosi’s own contradicting words, “I believe we have to because we see that as a source of revenue,” she said, noting that proposed cap-and-trade bills would raise billions of dollars by forcing major emitters to buy credits to release greenhouse gases. “Cap-and-trade is there for a reason. You cap and you trade so you can pay for some of these investments in energy independence and renewables.”
A crackdown on greenhouse gases should involve “no cost to the consumer,” declared House Speaker Nancy Pelosi the other day - this from a leading supporter of the legislation. As if one fanciful pledge weren’t enough, the California Democrat also insisted that it would be wrong to pass a bill “that was a penalty to some states.”
In their fantasy world they would make renewables cost-competitive with traditional resources and create demand for their type of “clean energy”. The problem as always is that they don’t have the first clue about how competition and the free market work. These “huge sums” are simply huge taxes. These taxes will clearly make the costs more equal. Very similar to passing legislation that essentially made everyone’s credit score equal during the housing boom. We all know how well that worked out. Once again the American people will end up paying the bill.
Cap = More Taxes for Washington;
Trade = Higher Prices, Lost Jobs, and Global Disadvantage for the American People!
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Nancy Pelosi’s Views on Cap & Trade Legislation and Climate Change
Charlie Rose Interviews Nancy On Cap & Trade and Climate Change
Nancy’s statements here reveal great determination to force government control of energy down the country’s throat, a naive confidence in the efficacy of government control, and a fundamental misunderstanding of what the American people want, or what cap & trade legislation will do to undermine the U.S. economy.
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