Are we having fun yet? In an economy that at times seems to be in a free-fall, with American industry struggling for survival, what is Congress doing to help the average factory worker? The latest from your U.S. Congress is that they want to reduce certain emissions (notably carbon dioxide) from factories. Those industries that have emissions lower than the artificial standard can then sell off excess CO2 emission allowances to other factories that "pollute" more (since when is carbon dioxide--a gas that exists in nature in order for plants to survive--a pollutant?)
Congress then taxes these "carbon credits" that are traded from company to company.
This is known as "Cap and Trade" policy that has found some "bi-partisan" sponsorship in Congress. Senators John Warner (R-Virginia) and John McCain (R-Arizona) are supporters of this new tax on industry, as well as Joe Lieberman (D-Connecticut) and the usual gang of global warming enthusiasts. Surprisingly, Sherrod Brown (D-Ohio) has recently come out voicing some opposition to this new tax on industry. Small wonder since factories in Ohio are in a pretty desperate situation.
Nevertheless, here is a great example of Congress knowing what is best for America. Here are people who (for the most part) have never run a business, never signed the front of a paycheck, and spend more money than they receive. How is shackling American industry with more taxes and restrictions going to help the average worker? Whatever happened to the parties that are supposed to lower taxes, help "the middle class," and be for "the working man."
Are they even listening any more?
Thursday, March 5, 2009
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