So, we’re in the worst recession in 30 years, the economy is shedding jobs like a dog sheds fur in summer, and Congress is writing a "climate change" bill that will impose huge effective taxes on the American public and do tremendous damage to our economy while having no effect on supposed global warming. Is that bad enough for you?
But wait! There’s more!
On top of all that, the Democratic geniuses in the Houses have added provisions to force the President to impose tariffs on countries that refuse to take measure to lower their so-called greenhouse gas emissions. In other words, in the midst of a recession, the authors of the Waxman-Markey bill want to start a trade war:
"A House committee working on sweeping energy legislation seems determined to make sure that the United States will tax China and other carbon polluters, potentially disrupting an already-sensitive climate change debate in Congress.
The Ways and Means Committee’s proposed bill language would virtually require that the president impose an import tariff on any country that fails to clamp down on greenhouse gas emissions.
Directed primarily at China, the United States’ biggest manufacturing competitor, the provisions aim to protect cement, steel and other energy-intensive industries that expect to face higher costs under a federal emissions cap. But associations that represent importers and multinational corporations are raising red flags, warning that the language could lead to trade wars, hurt the United States’ ability to export low-carbon technology and harm consumers. …
You bet it will. The last thing you want in a recession is anything that hampers the flow of job-creating trade; it’s an absolute lock that any nation targeted by the tariffs would retaliate against our own goods and services. And don’t forget that this would come in addition to the job-killing increases to the costs of production (and therefore consumer prices) created by Waxman-Markey in the first place.
The only question left is whether the progressive wing of the Democratic party is malicious, or just plain stupid.