Other than the devastating effects it will have on our economy, of course.
The Senate Environment and Public Works Committee began their hearings on the 1,500 page Waxman-Markey cap-and-trade legislation Tuesday, and ranking member Senator James Inhofe (R-OK) won a startling admission from Environmental Protection Agency administrator Lisa Jackson. Inhofe produced an EPA chart generated last year during the Senate’s debate of the Lieberman-Warner cap-and-trade legislation. The chart showed that the carbon reductions under that bill would not materially effect global carbon concentrations in the atmosphere. Inhofe then asked Jackson if she agreed with the chart’s conclusions. Jackson replied: “I believe that essential parts of the chart are that the U.S. action alone will not impact CO2 levels.”
This really isn’t surprising, because Cap and Tax was not designed to reduce carbon emissions, save the whales, help field mice, make peace with Algore’s chosen deity Gaia or otherwise improve anything. Cap and Tax was designed to target capitalism, free enterprise and our economy in general. Its mission is to ruin companies, hamper innovation, redistribute wealth and absolutely crush our economy.
After all, you can’t really implement communism and seize “emergency executive powers” if things are working now can you?
