The TRUE Cost of "Cap and Trade"

Documenting the coming economic collapse, thanks to Obama and "global warming."

The third lie: Cap and trade & energy indpendence June 30, 2009

Filed under: Cap and Trade Lies,Costs of Cap and Trade,Economic Impact — Amy Curtis @ 1:31 am

One of the lynchpins in Obama’s “cap and trade” legislation was reducing our independence on foreign oil imports.

Guess what?  The cap and trade bill that the House passed June 26 does exactly the opposite.

Why?  According to Bloomberg:

The same amount of gasoline that would have $1 in carbon costs imposed if it were domestic would have 10 cents less added if it were imported, according to energy consulting firm Wood Mackenzie in Houston.

Read the whole thing.

Does that make sense to you?

No?

Then it means you aren’t a U.S. politician.

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