Senators Lieberman, Graham, and Kerry have come forward with a bold, new proposal on global warming… or not.
Here is Senator Lieberman’s description of the “new” proposal:
“You remember the artist formerly known as Prince?” Lieberman said. “This is the market-based system for punishing polluters previously known as ‘cap and trade.’ “
Who will be punished under this re-badged clunker? The Center for Data Analysis estimated that cap-and-trade legislation will cost the economy $7-9 trillion in lost national income and lead to millions of lost jobs (even after credit for any green jobs).
Household energy prices will rise 50-90 percent. Average farm profits will drop over 50 percent. Manufacturing is especially hard hit, losing jobs at a rate 4.4 times that of the economy overall.
Senator Lieberman has been refreshingly clear that this bill is intended to punish. But it is American families, farmers, factories and more who will suffer the pain.
A new name for a bad policy is a bad idea.
Sorry forgot to put in the links to Heritage research on the costs of cap and trade:
http://www.heritage.org/Research/EnergyandEnviron…
and
http://www.heritage.org/Research/EnergyandEnviron…
Senator Lieberman, who is an official of my State, is not quite what he appears to be. He was dumped by the Democrats a few years ago for non-conformity and he ran as an Independent. Since then, he has been trying to reconcile with the Democrat leaders of CT and sides with them behind the scenes. Senator Lieberman speaks (he claims) for the People of CT but in reality, he is a closet Liberal and will run to the protection of the Left at the drop of a hat!
Senator Lieberman was Senator Dodd's "string-along-puppy-dog" for years until Dodd and the Late Senator Kennedy became "drinking buddies", so Lieberman had a great teacher – NOT!
Here is another great example of someone on the "Hill" telling us what is good for us without having a clue as to what we need or want. The utility bills in CT are astronomical! the cost of electric power has gone up 80% in CT since 2004 with another increase waiting before the DPUC of CT. If Cap & Trade kicks in, I do not know what we will do up here. No one in Washington is in touch with REALITY!
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