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The Cap-and-Trade Bill Is an Economic Disaster

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Fiscal Policy: The House of Representatives is preparing to vote on an anti-stimulus package that in the name of saving the earth will destroy the American economy. Smoot-Hawley will seem like a speed bump.Not since a misguided piece of legislation imposed tariffs that turned a recession into a depression has there been a piece of legislation as bad as Waxman-Markey.The 1,000-plus-page American Clean Energy and Security Act (H.R. 2454) is being rushed to a vote by House Speaker Nancy Pelosi before anyone can seriously object to this economic suicide pact.

By Investor’s Business Daily
http://www.realclearmarkets.com/articles/2009/06/26/the_cap-and-trade_bill_is_an_economic_disaster_97284.html

Written by thor

June 26th, 2009 at 9:16 am

One Response to 'The Cap-and-Trade Bill Is an Economic Disaster'

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  1. Cap and Trade will not work. For every eco thing one group wants to do, another Eco group wants to stop it.

    We are so screwed

    Barbra

    29 Jun 09 at 8:25 pm

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