“If you’re bothered by skyrocketing food and energy prices, wait until Congress re-introduces its environmentalist-inspired Climate Security Act, so-called ‘Cap and Trade.’ Cap and Trade is deceptively peddled as a free-market solution to the
yet-to-be-settled issue of manmade climate change. Under its provisions, companies would be able to emit greenhouse gases only if they had a government allowance. The Congressional Budget Office estimates that a 15 percent cut in emissions would raise the annual average household’s energy costs by $1,300. Since energy is an input to everything we use, we can expect everything to become more costly, resulting in a reduction in economic growth. There’s a hateful side to Cap and Trade that’s revealed by asking the question: How will it be decided who received how much allowance to emit greenhouse gases? Congress could sell the allowances and/or give them away to favorite constituents. You can bet the rent money that a new army of lobbyists, with special pleadings, will descend on Washington to lobby Congress. And you can be sure that campaign contributions and favoritism will play an important role in the decision of who received what amount of allowances. Much worse than that is the massive control government would have over our economy and our lives… The thirst to wield massive control over our economy helps explain the near religious belief in manmade global warming and the attacks on scientists and others who offer contradictory evidence.”
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