In the name of Climate Change and all that is Green, the Obama administration is pushing further ahead with the cap and trade plan for emissions.
The sales job on this is so obvious a scam that the media haven't given it a proper explanation. They hype Obama's promise of an energy tax credit for "working families," but they leave out the part about how much more the average family will pay each year for energy.
What's worse is that the media isn't even thinking about the long-term effects of cap and trade.
The system will allow manufacturers to trade carbon credits, and will tax manufacturers who have more emissions than credits. These manufacturers are more likely to be those in the midwest, where coal is a common source for energy production.
These un-green manufacturers will have a choice: they can keep their manufacturing operations in the US, or they can move them to countries with low-cost labor and no penalties for using energy, no matter the source. So, we'll likely see companies like Harley Davidson move manufacturing parts of their business to countries like China.
That means job losses here in the US but, hey, how about those energy tax credits the unemployed will receive?
The cap and trade plan offers an even greater incentive for companies to move their manufacturing operations to other countries while keeping the administrative operations in the US. The companies will be able to sell their carbon credits to other companies, making extra money on top of the money they saved by moving their manufacturing operations overseas.
Now that's change!
Obama promised an ethical administration, a promise that appears to be as hollow as any of his others. But wait until cap and trade is implemented. Can you imagine how much corruption is going to come from lobbying for exemptions from the carbon taxes? There will be thousands of new lobbyists in DC offering every sort of bribe.
Higher utility bills for households, more jobs and manufacturing shipped overseas, and more corruption, all in the name of Climate Change, which is nothing more than a cult religion established by government.
What's not to like?