.~Javier Plumey~.|Fatih, Technology, Politics, Whatever.

This is a fantastic graphic indicating the regulatory apparatus that would have to be implemented to cover the regulatory requirements as set forth in the Lieberman-Warner global warming legislation. Anyone who blindly accepts that we should approve this bill, without amendment and discussion needs to have their head examined. Courtesy of www.heritage.org:

Here’s a quick summary of why this legislature is a bad idea, courtesy of GOPUSA:

This legislation will create an unprecedented tax on industry that will profoundly change every area of the American economy.

Under
a system of cap and trade the government would set a limit on emissions
that declines every year. The goal of Warner-Lieberman is to return to
2005 levels by 2012, and to further reduce that number by 30% by 2030.
Companies affected will be awarded emission credits, which can be
bought, sold and traded to other companies.

Cap and trade is an indirect tax that will hamper the economy and will be passed on to consumers through price increases.

This
new tax gives politicians unprecedented control over business with the
ability to favor one group over others. It will create an opportunity
for corruption and fraud to run rampant.

The U.S. Chamber of Commerce put together a great chart
on the regulatory apparatus that would be needed to implement the
economy-killing Lieberman-Warner global warming legislation. Not only
would this be a massive expansion of government, but it would also have
a devastating impact on states.

I’ll try and cover the points, if and when this ever comes up again. It’s not likely to be approved, at least not in this Congress. But since both McCain and Obama have made it a priority to help “clean up the environment’, I’m sure this thing will rear its ugly head again in the near future.