Sunday, August 30, 2009

Stop 'emotionalizing' the cap-and-trade debate

Stop 'emotionalizing' the cap-and-trade debate
"The approach won't work because it would use a government mandate to create a market for which there is no consumer demand.
Since the American economy is mainly powered by energy produced from carbon fuels and will be for the foreseeable future, reducing carbon emissions requires slowing or eliminating economic growth, with the result that 2 million more Americans will become unemployed by 2012, according to an analysis by the conservative Heritage Foundation. Similarly, the Brookings Institution -- certainly no sentinel of rightward analysis -- also predicts dire economic results from Waxman-Markey."

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