Yesterday marked the 20th anniversary of the pulling down of the wall separating East and West Berlin in Germany. For the first time, a German head of state spoke before U.S. Congress. German Chancellor Angela Merkel addressed members of U.S. Congress and one of the subjects Merkel spoke about was the need for a global deal on climate change [Article - Merkel meets with Obama, then talks to Congress]. Perhaps a symbolic appeal by Merkel to tear down the climate change “wall” [Article - The European Experience with Cap and Trade]?
With support for cap and trade legislation on the decline, President Obama vows that the United States will play a prominent role in decreasing global greenhouse gas emissions. Obama’s answer to the climate change question is cap and trade legislation.
The Waxman-Markey bill or rather, Taxman-Malarkey bill (H.R. 2998 – American Clean Energy And Security Act Of 2009) is currently in limbo, since health care reform legislation has taken center stage. Beltway politicians have certainly been working behind the scenes on slipping cap and trade legislation through, with very little public scrutiny…so they hope.
If the United States agrees to comply with some sort of global climate change contract in Copenhagen, Denmark, this will surely embolden leftist environut anti-capitalists in America to get climate change-related cap and trade legislation enacted.
If such a bill goes through, it will destroy the American economy, no ands, ifs or buts about it. We think unemployment is bad now, wait and see how high it will be if cap and trade becomes law. In addition, we and future generations of Americans will pay dearly for the taxes, fees and other costs climate change legislation will incur [Article - Leading Climate Scientist: Cap and Trade Could Ruin US Economy | Reference - Treasury Department – Climate Change Bill Could Cost American Families $1,761 A Year]. Continue reading