http://bit.ly/cLwtey - - - Clearly, Casey correctly diagnoses the Democrats’ intentions on this point. They want to highlight the potential damage that some corporations do through carbon emissions, while highlighting the benefits from others who play along on AGW. Putting this in the jurisdiction of the SEC is a two-fer for the Obama administration — they can claim regulatory gains on both AGW and Wall Street.
But this may hold the potential for enormous backfire. With the cap-and-trade legislation still on the docket, all of these corporations will have to forecast for higher energy prices, more restrictive manufacturing and service standards, and the costs of retrofitting. The Obama administration and Democrats in Congress have consistently and drastically underestimated the impact of their bills on the private sector. Now, by forcing companies to analyze the impact of their environmental agendas on their bottom lines, the American public can get a much clearer and much less optimistic take on cap-and-trade and carbon-tax regulations. Because those reports will be part of the public record, analysts can compile a daunting picture of the burdens the Democratic agenda will create on private business and economic growth. This effort still should have been killed as a ridiculous overreach on regulation. Now that the SEC has forced the matter, their Democratic allies will shortly have reason to regret it. - - - An idea so fantastically stupid and destructive of job creation, it simply has to be tried. Actually I disagree with Morissey on this. They are not underestimating anything. They are simply doing what Bin Laden is recommending, i.e., taking the "wheels off the American economy." Once you grasp that they are on the same page with the terrorists in terms of their core believes about the evils of America, their actions -- from monstrous regulation/nationalization, to forcing gays on the military, to giving terrorists civil rights in the American justice system, to completely disarming our nuclear arsenal, to halting top priority intelligence gathering against our #1 creditor, China -- suddenly make a kind of perverse sense. - Publius -- "It ought never to be forgotten, that a firm union of this country, under an efficient government, will probably be an increasing object of jealousy to more than one nation of Europe; and that enterprises to subvert it will sometimes originate in the intrigues of foreign powers, and will seldom fail to be patronized and abetted by some of them. Its preservation, therefore ought in no case that can be avoided, to be committed to the guardianship of any but those whose situation will uniformly beget an immediate interest in the faithful and vigilant performance of the trust." [Federalist Papers #59] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[email protected] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
