Cap - Trade

Congress is about to consider a Cap-Trade bill that will. in effect, create more business shutdowns with resultant loss of jobs, all for the purpose of transferring more control of the economy to the government.

Businesses will be taxed for carbon-dioxide emissions in the guise of controlling global warming. My guess is that your electricity bill will skyrocket since much of it is coal produced thus carbon-dioxide emissions are high. I guess in ten years or so the utilities could go nuclear. Maybe not, since the liberals in charge are blocking all nuclear development.

This is not really a "save the planet" thing, the same as the proposed $4 gas tax was not a ploy to get rid of gas guzzling cars. The Administration wants to control the economy and take away our freedoms by making everyone dependent on the Government. Who will be left to pay? No matter, hyper-inflation will take care of that and no one's savings will be worth a nickel.

Update: April 7, 2009 - The moderates in the Senate seem to be a little nervous about this one, and at this time, appear to have enough votes to keep the bill from passing.