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  • Cap and Trade Quote of the Day

    From the Washington Post’s Steven Pearlstein:

    The other thing to say about it is that it is a badly flawed piece of public policy. It is so broad in its reach and complex in its details that it would be difficult to implement even in Sweden, let alone in a diverse and contentious country like the United States. It would create dozens of new government agencies with broad powers to set standards, dole out rebates and tax subsidies, and pick winning and losing technologies, even as it relies on newly created markets with newly created regulators to set prices and allocate resources. Its elaborate allocation of pollution allowances and offsets reads like a parody of industrial policy authored by the editorial page writers of the Wall Street Journal. The opportunities for waste, fraud and regulatory screwup look enormous.”

    Posted in Energy [slideshow_deploy]

    11 Responses to Cap and Trade Quote of the Day

    1. Pingback: » Financial News Update - 05/22/09 NoisyRoom.net: “Extremism in the defense of liberty is no vice. Moderation in the face of tyranny is no virtue.” Barry Goldwater

    2. Margaret - Arkansas says:

      How do we stop the Cap & Trade? If you say "contact your elected officials", you have practically ensured it will pass. I am sick of "contacting" just to have my elected official vote as they please. If they vote "with" us, some judge or the Supreme Court simply says it is unconstitutional or "interprets" the Constitution differently and we are screwed once again. We can not "revolt", we have elected these people or allowed them to "rise to fame". How do we stop (not just talk about)the liberal bleed? It will be too late by 2013.

    3. Mr. Tommy Carson C says:

      Frankly, I think the most important legislation all our 'elected officials' can work on is – TERM LIMITS! This, of course, will never happen. Becoming a member of the ruling class in this country is like dieing and going to heaven without actually having to die…

    4. NYstatehome says:

      The public needs to speak out and loudly. Obama seems to make policy based on public opinion and the latest polls. We need to investigate how the public can stop this inane policies and laws that the liberals want to put into place. We need to look at the legal options which seem to be what the liberals respect the most. See if we can get an injunction to stop this tax and spend spree policies that they have planned. It's time to say a enough is enough, if they refuse then we have to vote them out of office.

    5. Jim - Utah says:

      Re: Mr Carson As I have stated before, "term limits" is up to the voters, since none of our elected representatives will vote to limit their power. Unlike many other states, Utah does not have "Incumbent" listed next to their name on the ballot. We are trying to change that, but in the meantime, do your homework, find out who they are and limit their representation to one or two terms, maximum! We have the power, let's just use it!

    6. Lebo, florida says:

      I am told, "elections have conseqences". We are basically toast.

      In the next 2 years we will see riots, crime off the scale, Socialism at least, and total economic melt-down.

      Best advice? Hunker-down, get lots of ammunition, start a garden and start learning Mandrin Chinese language.

      Writing your elected officals + 7 dollars will get you some coffee at Starbucks.

      Good Luck!

    7. tim, santa fe nm says:

      Independent American Party. Check out the platform. We need a new party that will be for us and not them. Get involved.

    8. Rochelle, Colorado says:

      I agree with Jim. We have to be knowledgeable, vote carefully and get term limits on the ballot!

    9. Delene Evert says:

      Judge Nepolitano is right. Starve the Federal Government. Abolish the income tax. Then get rid of the Federal Reserve who has run the government and robbed American citizens since Woodrow Wilson signed the Federal R. Act which put the constitution aside big time by giving the money system to a bunch of private rich foreign bankers.

      Starve the Federal government…then and only then can we take the country back. With our money Obama can and will assemble his army against us. Marshall law. If we don't starve them they will use the money against us…then Lebo in florida's advice is sound, get your ammo, plant a garden and learn chinese.

    10. Margaret Mueller, CA says:

      Term limits…we have had them in California for our Legislature for what 15 years? — and what good has it done? We still have a Democrat controlled Legislature that arrogantly spends billions while revenue drops. Arnold thought he could lead them to reason, but found out he can't — they kept spending. Now the voters have rejected increases in taxes to support the bloated California government, but don't hold your breath waiting for the Legislature to cut as much as needs cutting, or cutting any of their sacred cow programs. Term limits have nothing to do with the way the Congress or our Legislature acts. Term limits do not solve the problem — Americans are not educated or informed to make the connection between party political agendas, taxation and quality of life by either the public school system or the media (which doesn't understand the connection, either).

    11. Richard Fletcher, Sa says:

      I agree with this arthur, NYstatehom: "The public needs to speak out and loudly. Obama seems to make policy based on public opinion and the latest polls. We need to investigate how the public can stop this inane policies and laws that the liberals want to put into place. We need to look at the legal options which seem to be what the liberals respect the most. See if we can get an injunction to stop this tax and spend spree policies that they have planned. It’s time to say a enough is enough, if they refuse then we have to vote them out of office"

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