Tuesday, October 06, 2009

Kerry Doesn't Know What Cap and Trades Means?

While Senator John Kerry was busy blocking the trip to Honduras led by Senator Jim DeMint, said to be done for spite, Kerry was busy denying even knowing the definition of the term "cap and trade". Kerry is said to have blocked the DeMint trip because DeMint placed senatorial holds on two State Department nominees and Kerry is chair of the Foreign Relations Committee. Minority Leader McConnell intervened and DeMint and his group were able to go. DeMint took Rep Aaron Schock and Peter Roskam of Illinois and Doug Lamborn of Colorado to meet with interim President Roberto Micheletti.

Senators Kerry and Barbara Boxer have produced a bill on the Senate side to counter the Waxman-Markey bill in the House on cap and trade. Though similar, the Kerry-Boxer bill ramps up the restrictions on emissions from 17% to 20%. Kerry said, "This is not a cap-and-trade bill, it's a pollution reduction bill." As American Issues Project states, OMB Director Peter Orszag - Obama's man - says, "Under a cap-and-trade program, firms would not ultimately bear most of the costs of the allowances but instead would pass them along to their customers in the form of higher prices."

The Boston Herald wrote, "The effects of Boxer-Kerry, if passed, cannot be far different from Waxman-Markey: A reduction in average global temperature in 2050 of 0.09 degree Fahrenheit at an annual cost that could reach $1,791 per household."

Maybe Kerry would like to feign ignorance, and declare the average person doesn't know what cap and trade is, either but it is far from an honest approach on such a serious matter. His bill is 821 pages long. Kerry is silent on the cost of the bill. In increased energy bills for the American people, in jobs lost, in new taxes, it all points to disaster.