Steve Milloy’s Green Hell blog has the scoop. A poll follows.
Leak of the day! Kerry-Lieberman cap-and-trade bill
Most of the world will learn tomorrow about the Kerry-Lieberman cap-and-trade bill.
But you can check out the bill summary and section-by-section analysis today!
I don’t like this — too many crisis’ with this administration — payoffs to everybody but the taxpayer — i hope it gets killed quick —
I don’t suppose this will make me very popular with many of the regulars around here, but I find this bill to be a reasonable compromise at this point in history. Much of what it does works just as well as an energy independence plan, nuclear wakes up from its long slumber, nat gas gets some loving, etc.
And it doesn’t try to craft a 20, 40, 50, or 100 year solution, which is just insanity. Limited goals in limited timeframes and at a reasonable cost in the grand scheme of things.
Maybe I’m coming from a “it could be a lot worse” place in my thinking, but then I’ve always considered myself a “lukewarmist” anyway.
These programs are designed to suck money out of the private sector and into government. Following popular neo-Marxist theory, the money is redistributed to the needy through other government programs.
But please don’t call it socialism!
As was pointed out in a previous post, the recent volcano put out more carbon than we can ever reduce with a bunch of stupid bills designed by liberals to get more of our money. Rebates they say. Phooey! They will never give back more than they take in. Your power bill will robustly increase in amount and a lot of other things will too. Another assault on the American citizen.
“and improve the quality of the air we breathe”……..
…….”while reducing carbon pollution by 17 percent in 2020, and by over 80 percent in 2050”
carbon pollution, CO2 is pollution……..
Well at least thank God they didn’t blame oxygen or water vapor or little green men…..
“Maybe I’m coming from a “it could be a lot worse” place in my thinking”
that’s the way it works George, they take a little, and a little more, and a little more…
..until it’s all gone
Rebates for all. The rebate is the way they want to decieve people. The fine print says the taxes go to reducing the deficit before the rebates. I suspect it will be nearly impossible to get a rebate. Kerry knows good and well farmers will not see any money. This bill will cost over a million American jobs. Paying energy bill for the poor incentivises waste.
GE will get billions.
2/3 of revenue not dedicated to deficit reduction goes to consumers, where does the rest go, to the Kerry, Lieberman reelection committees? how much is dedicated to deficit reduction, 100%? I don’t believe any of these wonderful things that this bill claims to do will actually happen.
My vote in the poll depends on whether or not the bill comes up before the November election. If it does it might pass the same way health care did, but there might be enough Dems from coal states that it won’t. If it come up after November then there is no chance.
Reading through the summaries and analysis – wow, this thing is a pig. They’re betting the bank on strangling the Carbon Cycle, establishing a credits trade scheme, inflicting import tariffs on goods from countries ‘not in compliance’, ‘violator’ enforcement, empowerment of the EPA Secretariat to blow gobs of money on ‘sequestration’ schemes. . .
This is absolutely and totally heinous.
Under the guise of averting disaster, they are gleefully charting a course to calamity.
They have lost what little sense we thought they had left : (
From the Summary:
“allowances to offset both direct and indirect compliance costs” is mentioned several times, expanding the clean energy tax credit, and multi-billion dollar annual incentives (just guess who is going to pay for all of this).
This one is just CRAZY. They also want to assess an import duty on all products from countries that “have not taken action to limit emissions”. Are we going to pay to police world emissions and how in the world to they propose to figure out where the pieces and parts of the import were manufactured?
It appears that the purpose of this duty is to black mail countries into signing a Global Climate Treaty into law.
A gloss over the summary tells me that this bill is complete rubbish . Any legislation that anticipates having to provide tax cuts and rebates represents a kick in the gut for consumers . Worse , it places a price on carbon which opens the door for corruption regardless of the best intentions . And I doubt those intentions .
Just from reading the summary alone, this looks like the Full Employment Act of 2010 for the Chicago Climate Exchange, Generation Investment Management LLP, Goldman Sachs, and the others in the “monetizing the air” aka “cap and trade” cabal.
Ok, I read the summary. Didn’t know my computer had the ability to download smells. This smelled. A lot. Like BS. And I know what BS smells like. I live on a farm. I’m surrounded by cows. I spread it on my crops. I give it away. Still smells like BS around here. But this bill absolutely overpowered the regular BS smell. This was SuperBS.
Please Note: my comments above are based on the assumption that the summary document is valid. Its also worth pointing out that it is a draft document for internal comment that someone leaked.
geo says:
May 11, 2010 at 2:27 pm
I don’t suppose this will make me very popular with many of the regulars around here, but I find this bill to be a reasonable compromise at this point in history.
Why would anyone accept a “compromise” on something that is so obviously based on a lie? That’s saying that we will allow you to lie and screw us only half the time. Sorry. When something stinks as bad as this the only solution is to flush it.
I am already done with my lifelong relationship with Democrats. If Republicans and their constituents don’t step up to the plate and fight this tooth and toenail, my vote will flee from them as well. I ended my lifelong registration as a Democrat. I did something. Let’s hope more people will take action.
Though I did do something, even that was not enough. Is it not ironic that I registered as an Independent after quitting the Dems? Gawd I am disgusted with all of them. If it isn’t the Repubs telling me what to do, its the Dems. And now, it seems apparent, that independents are riding the same nanny government train.
“Those states that have already taken a leadership role in implementing emission reduction policies will receive compensation for the revenues lost as a result of the termination of their cap-and-trade programs.”
Well that seems fair. Tax power producers and heavy industry in Texas and give the money to Calif. for their lost revenues.
‘Inflicting import tariffs on goods from countries ‘not in compliance’, like China and India.
That will go down like a lead balloon. I’m sure we have been here before, after the trade war comes WW3.
Who actually wrote this wonderful item, and how many months (or years) was it cooked up? Sound to me like Al and friends have been hard at work designing their get rich scheme. How did Lieberman get suckered into putting his name on this?
The only way they can pass it will be to use Nancy bit of “we must pass it so we can find out what’s in it” and ram it down the throat fast that they used before.
Thanks, Anthony, this was a valuable preview!
As usual, they give lip service to the nuclear industry, with talk of making a national lab a “center of excellence” for waste reprocessing/disposal technology. This after they killed off Yucca Mountain. I don’t trust them one bit.
Wind Rider – Your final sentence is great .
Still too much “Global Warming” and “Green House Gases” in the details. It needs to just be an energy bill, and FOCUS on ENERGY, not the ridiculous sequestration of CO2 maintained by the EPA.
Try again.
“rebate 2/3 back to citizens AFTER deficit, reduction” YEAH RIGHT and I have a slightly used bridge for sale…
This is straight from Obama
“”I walked into office facing a massive deficit, most of which was the result of not paying for two wars, two tax cuts, and an expensive prescription drug program,” Mr. Obama said last month in a speech to corporate executives at a Business Roundtable conference.
“When we walked in, we had a deficit of $1.3 trillion and projected debt over the course of a decade of $8 trillion,” he told the CEOs on February 24th. “The lost revenue from this recession put us in an even deeper hole. And the steps we took to save the economy from depression last year have necessarily added to the deficit — about $1 trillion, compared to the $8 trillion that we inherited.”
The most the administration says it can do is try to slow the growth of the National Debt – but its own forecasts show it doesn’t look promising.
In the 2011 federal budget released last month, the administration projects the National Debt will soar ever upward to over $25 trillion in the year 2020. The total debt will amount to more than 100 percent of the national economy as early as 2012.” http://www.cbsnews.com/8301-503544_162-20000576-503544.html
So that supposed promise of returning ANYTHING to the citizens has about as much chance of happening as me becoming president of the USA.
Given that is an out right lie, I imagine that the building of the nuclear power plants will follow in the footsteps of the building of the fence at the US-Mexican Border.
On Oct 27, 2006 Bush Signed the Bill Authorizing the construction of a fence along 700 miles of the U.S.-Mexico border. The border states are still screaming for it to be built. So far less than 25 miles (more like 5) has been built. And the Federal project has been pretty much gutted. American citizens in the border states are therefore building the fence themselves! http://www.borderfenceproject.com/
Remember the hard learned lessons from the Federal Reserve Act
“….Warburg’s associates said, “Paul, what are you doing? We don’t want those in there this is our bill.” And his response was this, he said, “Relax fellas, don’t you get it? Our object is to get the bill passed. We can fix it up later.” Those were his exact words. “We can fix it up later.” He was so right. It was because of those provisions that they won over the support of William Jennings Bryan the head of the Populist Movement, the last hold-out against the bill. Bryan was concerned that this would be an instrument for ruining the nation’s money supply but when he saw those provisions he said, “Oh well, those are good provisions, I guess I can support the bill now” never dreaming that this was temporary….
The Federal Reserve Act since it was passed has been amended over 100 times. Every one of those provisions were long ago removed and many more have been added which greatly expand the power and reach of the Federal Reserve System to create money out of nothing. With this kind of professional strategy and deception these people were real professionals and the public didn’t stand a chance. It is no surprise that popular support was finally gained for the bill…” http://www.bigeye.com/griffin.htm
“Why would anyone accept a “compromise” on something that is so obviously based on a lie?”
It’s a lie that a majority of the oil in the world comes from neo-fascist countries with either leaders, populations, or both that hate our guts?
As to the climate change aspect, if you are just as sure as Phil Jones, only in the other direction, where “truth” is on this issue, then you and Phil have more in common with each other than either of you do with me.