Video: Cap and trade won’t save the earth

Victor Joecks

Why? Mostly because the earth doesn’t need saving from something every person emits when they breathe.

This week the House is likely going to vote on the Cap and Trade bill referred to by the video. Hold on to your wallets.

Even as Democrats have promised that this cap-and-trade legislation won’t pinch wallets, behind the scenes they’ve acknowledged the energy price tsunami that is coming. During the brief few days in which the bill was debated in the House Energy Committee, Republicans offered three amendments: one to suspend the program if gas hit $5 a gallon; one to suspend the program if electricity prices rose 10% over 2009; and one to suspend the program if unemployment rates hit 15%. Democrats defeated all of them.

The reality is that cost estimates for climate legislation are as unreliable as the models predicting climate change. What comes out of the computer is a function of what politicians type in. A better indicator might be what other countries are already experiencing. Britain’s Taxpayer Alliance estimates the average family there is paying nearly $1,300 a year in green taxes for carbon-cutting programs in effect only a few years.

Americans should know that those Members who vote for this climate bill are voting for what is likely to be the biggest tax in American history. Even Democrats can’t repeal that reality.

And to make you feel even better, check out this video of Rep. Henry Waxman who admits he doesn’t know the details of his own cap and trade bill.

(h/t The Foundry)