The TRUE Cost of "Cap and Trade"

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

“Placeholders” in the cap and trade bill July 1, 2009

Filed under: Cap and Trade Lies,Cap and Trade News,Contacting Politicians — Amy Curtis @ 10:22 pm

Two days ago, I reported that a good portion of the cap and trade bill hasn’t even been written, despite it passing the House and being one step closer to the law of the land.

Michelle Malkin reports today about “placeholders” in the bill – citations that note things will be added at a later date.  The thing is, will they be added before the Senate votes on cap and trade?  Why – after Obama’s pledge of transparency and that bills would be online for 5 days prior to a vote – were these things not in the bill when the House voted on it?

When I live-blogged the House debate on cap-and-tax last Friday, I noted the existence of a “placeholder” in the bill. Rep. Joe Barton mentioned it was unprecedented to have such a mechanism (allowing bill-writers to insert language to be determined after the law was approved) in a bill up for final passage. Later, I noted that Barney Frank explained on the floor on Friday that the placeholder in the cap and trade bill apparently will deal with regulations of financial derivatives market associated with reducing carbon emissions. Frank said he was confident a “good system will be in place.”

Well, I looked up the placeholder in Waxman’s late-night, 300-page manager’s amendment.

I’m no great shakes at law, since they clearly are thousands upon thousands of pages, but it really can’t be legal for our government to pass a law that isn’t even written.  I mean they could put pretty much anything in this bill and say it was approved and get away with it.

And a very astute commenter notes:

So I ask these morons in the Senate…. would they sign a loan agreement that had a “placeholder” in it?

Exactly.  Would YOU sign a loan agreement or any sort of contract before reading the thing in full and completely knowing the terms?

I think not.  It could spell financial ruin for you.

But that’s how our government operates.  They can now throw anything into this bill and get it turned into law.

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