Monday, June 29, 2009

Cap and Trade; a Solution to a Non-existent Problem with Devastating Consequences

An energy policy built on the lie that human CO2 is causing global warming is likely to fail. It is a bigger lie when CO2 is incorrectly called carbon. The policy is guaranteed to fail when proposed energy alternatives cannot fulfill needs and will cause economic slowdown, decreased competitiveness and further economic decay.

On June 26, the US House of Representatives passed a Bill titled the American Clean Energy and Security Act by a scant 219 to 212 votes. The title is misleading. It appeals to patriotism, which Samuel Johnson said is the last refuge of a scoundrel. “Clean Energy” really means without producing CO2, which incorrectly assumes it is a pollutant. Security means eliminating imported energy, but the nation is less secure with a weakened economy guaranteed under provisions of the Bill. It is more commonly, but equally incorrectly, called the Carbon Cap and Trade Bill. Carbon is not CO2 but this is only one of the deceptions. Hopefully, enough Senators will understand and reject the Bill when they vote in the fall.

President Obama frantically pushed his energy policy as resistance developed. He wrapped it in promises of green jobs; profits from industry creating renewable clean energy; a stop to “bubble or bust” economic cycles; and all at no cost to the taxpayers because “polluters” pay the bill.

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