Waxman-Markey

now I'm not one to bicker in with the fox news crowd on the subject but I do have a number of concerns about the new Waxman-Markey cap-and-trade bill: two of which I'll bring up now.

Carbon caps do not/never will/in no way what so ever mean hard hats.

Truth is carbon caps are a tax. A very basic burden on industry. This rains true especially due to the fact that the tax in subject is on energy, the most basic ingredient in all industry. Change that does not happen in a piecemeal form (that is coercive change) breads inefficient outcomes and vary bluntly bureaucratic costs. Sorry guys but unless the world suddenly starts acting differently, we're looking at a net loss in hard hats.

Secondly, Obama promised for a 100% free auction cap and trade system, (which we can argue the nuts and bolts about at a later date. I'll tell you frankly though, a free auction is a pretty sweet deal for free markets if you believe global warming is a threat, which I think I do.)

Only thing is, Obama and your great american superheros (every other politician) opted out of the free auction and went for massively no free auction. The gov't will be allocating the vast majority of the carbon credits. And who do you think they'll be giving the credits to? Yes ladies and gentleman let the life blood of special interest flow!!! We're gonna have a party on the capital tonight!!

The plan according to the capital is to transition to a free auction over a period of 10 years.

Let me draw up an analogy. You are a kindergarden teacher and you have 40 pieces of candy and 3o students. You want the students to value the candy and respect you and not try to steel candy from you.... instead of trading it to the students for something you might value as a teacher you give a bunch of it out for "nothing" then attempt to trade the rest for good behavior. Not only have you massively deflated the value of your good but now you've forever distorted the price of the good among the students in the class. they don't know when you'll go handing out candy again so they're hesitant to buy and generally uncertain about you and when they can get candy.... they may end up not trading good behavior for candy. Instead they may attempt to hire a lobbyist/parent to make sure you as a teacher are allocating the candy equally.

Now blow that classroom out to the size of a society. Those companies are confused as all hell. What do I buy when? It's easier to get free credits than buying them so possibly we'll se quite a few more offices pop up around DC. For locals that means more business however for the rest of us tax paying patriotic individuals we get to fork out the loot, our savings, that which I would have spent on forming an environmental company.

Yes ladies and gentleman, to clarify, I do believe the new cap and trade bill is a cluster fuck. Good luck america! I'm certainly not investing in energy any time soon. This bill is gonna make us pay out the bung-hole.

In conclusion, I think we need to seriously consider what a sense of urgency can do to a democracy. After all, as freedom in economics means freedom to fail, freedom in politics means freedom to really fuck up a nation.