Cap-and-Trade Is Back

On Wednesday, Senators John Kerry (D-MA) and Joe Lieberman (I-CT) plan to introduce legislation designed to inflate the cost of energy, strain family budgets, and decimate America's manufacturing sector -- all in the name of supposedly saving the climate.

Kerry and Lieberman have been revamping legislation that narrowly passed the House of Representatives last year. The House bill imposes oppressive limits on carbon dioxide (CO2) emissions and establishes a complex cap-and-trade scheme in which the federal government determines how much CO2 a business may emit. If a business exceeds its allowance, it may purchase additional "carbon credits" from an exchange, where the credits will be traded like a commodity. Rules for the exchange of carbon credits, including the trading of carbon derivatives, are addressed in the House bill, and my sources tell me that the Senate version will include these same stratagems.

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Kerry Exploits Obamacare Passage to Propose Carbon Tax

Following their successful effort to force totalitarian health control legislation down the throats of the American people, Obama’s allies are now pushing for climate change legislation.

“Twenty-two Democratic senators have signed a letter calling for climate legislation within the year, although some observers question whether the White House will want another divisive vote as November midterm elections approach,” reports AFP.

The effort is led by the CFR insider and Bonesman John Kerry. “In the wake of health care’s passage, we have a strong case to make that this can be the next breakthrough legislative fight,” senator Kerry said on Tuesday. “Climate legislation is the single best opportunity we have to create jobs, reduce pollution and stop sending billions overseas for foreign oil from countries that would do us harm".'

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