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POPSEnergy Bill Is Windfall For Greedy Gore Camp The New York Times reported: "Cap and trade, by contrast, is almost perfectly designed for the buying and selling of political support through the granting of valuable emissions permits to favor specific industries and even specific Congressional districts." This bill would be an open invitation to fraud. The only way it could work would be round-the- clock surveillance and monitoring everything we do. We see who would benefit from this bill: the politicians and businesses big enough to keep the politicians happy. And the lobbyists and special interest groups. But who would pay this $1 trillion to $2 trillion energy tax? Well, for starters, it would raise an average family's annual energy bill by $1,500, and raise the cost of living for everyone because the cost of goods would be increased. Not only that, but an estimated 1-3 million jobs would be lost per year over the next 15 years.
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POPS Touchy Socialist Declares War on Business Treasury Secretary Timothy Geithner has been so slow to act that even Paul Krugman is criticizing the administration for “dithering.” On the tax hike, currently, the U.S. has the second-highest corporate tax on Earth and Obama is committed to ending any remaining competitive tax breaks. If any firms remain, they will be festooned with massive carbon-permit expenses because of Obama’s new cap-and- trade program. http://lawhawk.blogspot.com/2009/03/taxing-all-americans-through-cap-and.html Finally, Obama has set aside $634 billion to establish a health-reform reserve fund, a major first step in creating a universal health-care system. If you want to have health care for everyone, you have to give it to many people for free. Once we start doing that, we will never stop, at least until the government runs out of money. But don’t call him a socialist. It hurts his feelers.
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POPSClass Tests Carbon Trading, With Troubling Results The complete article provides a working understanding of "cap & trade". Given the way money has been misused by governments recently (?), the cynics among us will be watching closely. Most will be watching for the examples of greed, as mentioned by the reporter.
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