obama’s Cap and Trade Taxes Will Destroy America
With unemployment rates at their highest levels since 1983, obama seeks to increase more taxes on small businesses. Socialism is a failure in the world, but the left have never learned that. Marrying incompetence with ideology is what the voters elected. FAILURE! www.mererhetoric.com Hey, remember that time when Carbon markets collapsed in Europe? Before the US adopts the silly cap-and-trade “market” approach to curbing carbon emissions, perhaps we should see what the recession has done to the European carbon market. The EU has spent a lot of money rediscovering the laws of supply and demand in this recession. Instead of making carbon emissions a scarcity, the economic collapse has created a glut of indulgences… All of which has set off what Julian Glover calls the “Great Pollution Fire Sale”. He blames the EU for being too generous in its allocation of carbon credits, but the allocation was calculated during economic growth. The EU wanted to make sure that the cap-and-trade system didn’t interfere with the economy, and so made sure that the energy producers didn’t get disincentivized enough to create artificial energy shortages that would have stalled growth.










































