Krugman Does Our Work For Us [Stephen Spruiell]
Fresh off his thundering condemnation of “treason against the planet,” Paul Krugman has a written a blog post on the subject of that trade provision in the Waxman-Markey cap-and-trade bill. Here’s the shorter version of Krugman’s argument:
The goal of Waxman-Markey is make the cheapest form of energy we have more expensive, consequently making everything produced in this country more expensive. It would defeat the purpose of this legislation to allow U.S. consumers to evade this energy tax by purchasing products from countries like China that choose not to adopt a similar tax. Therefore, it makes perfect sense to restrict Americans’ access to products from these countries, and the president is wrong to oppose such restrictions. What about that don’t you dumb hicks understand?
To which I reply: Please, please keep making this argument. As loudly as you can.
If you don’t understand Spruiell’s summation of Krugman’s argument, it’s this: We Americans need to be punished financially and economically. Krugman wants Obama to make it illegal to purchase products from China because it will save us money after cap and trade doubles the price of pretty much everything made in America.
As Spruiell says: Let’s make sure everyone in America knows what Krugman thinks. I doubt many people out there can afford to have everything but their salaries double with cap and trade.