by Harrison Price

Once more we wade into the stupidity that is the Democratic Cap and Trade bill, now put away until sometime in the Fall for lack of support.  Cap and Trade would tax everything based upon how “dirty” the energy it took to create it was (read CO2).  This bill, if it became law, would lay waste to the U.S. economy, cause Americans up to $1,400.00 per year in extra spending, kill jobs, and put the U.S. at a disadvantage when compared to our trade competitors.

India and China will have none of this foolish Liberal agenda:

India on Sunday night rebuffed an appeal by Hillary Clinton, US secretary of state, to embrace a low-carbon future in which the two countries would work together to devise new ways of consuming and producing energy.

Mrs Clinton, on a five-day visit to the country, said that low-carbon emissions would not jeopardise India’s high economic growth rates and its goal of lifting millions of people out of poverty. She offered a technological partnership to secure the fast growing nation’s energy supplies and help boost the livelihoods of its farmers.

China had the same reaction:

We are told that although China, India and others show no signs of joining in this dismal process, we will eventually induce their participation by “setting an example.” Watching the impending indigence of the Midwest, and the flow of jobs from our shores to theirs, our friends in Asia and the Third World are far more likely to choose any other path but ours.

What is even more absurd is that Obama’s own EPA admits Cap and Trade will do nothing:

The Senate Environment and Public Works Committee began their hearings on the 1,500 page Waxman-Markey cap-and-trade legislation Tuesday, and ranking member Senator James Inhofe (R-OK) won a startling admission from Environmental Protection Agency administrator Lisa Jackson. Inhofe produced an EPA chart generated last year during the Senate’s debate of the Lieberman-Warner cap-and-trade legislation. The chart showed that the carbon reductions under that bill would not materially effect global carbon concentrations in the atmosphere. Inhofe then asked Jackson if she agreed with the chart’s conclusions. Jackson replied: “I believe that essential parts of the chart are that the U.S. action alone will not impact CO2 levels.”

Guess what?  The other countries won’t participate because it will destroy their economies!  Yet another foolish idea from the Democrats that will hurt our economy.

It is also troubling that, with so many issues in the world that Secretary of State Clinton would spend so much time discussing a non-starting idea with the Indians.  Shouldn’t her limited time be better spent working on issues relating to terrorism, Pakistan, Afghanistan, nuclear proliferation, and trade instead of lecturing them on ideas they will never buy into?

With the economy still in trouble, Obama’s support shrinking, and Cap and Trade shelved until the Fall surely there are more important things to be done instead of trying to kill our economy.