Nov 29, 2009

Leaked climate e-mails may help kill cap and trade

The leaked climate e-mails we have been posting about showing that the global warming scare was a fraud, may help kill or postpone Obama’s cap and trade plans.

Cap and trade would force companies large and small, especially manufacturing companies, to buy carbon offsets which will be no different than a tax on those businesses.

The Obama administration is depending on these vast new carbon revenues to fund big-government spending plans.

Liberal politicians in Washington love the idea of cap and trade because they can claim to be taxing "polluters," not workers.

In reality, workers will suffer because companies faced with a new carbon tax will hire fewer workers and many will move their operations to other countries.