Cap and Trade is Getting Closer

Congressmen Waxman and Markey have introduced the cap and trade bill. Welcome to the next step in the financial destruction of the United States. One must remember that it was Markey who pushed the Telecom Act of 1996 which led to one of the last melt downs and in turn resulted in the destruction of all telephone switch companies in the United States. That is a long story but we told it in 2002!

The is an Overview of the Bill and the full Bill. A quick scan of the bill will find that the words cap and trade are missing, at least from the one I just scanned. The Bill is 648 pages in length! It is a massive attempt to control all of the US economic development. It will destroy the remnants of coal and its target is roughly 20% of the 2005 emissions by 2050, assuming there is anything left of the United States at that time.

We will analyze this bill and get back to you. Hold onto your hats. China may be the only capitalist democracy left by that time! I am not kidding.