Cap-and-trade has a China problem

August 10, 2009

(Lightly microblogging this week from The Great White North)

There is no way this passes US Senate unless it has a tariff that penalizes nations who are not capping climate emissions, such as India and China.  So not only would cap-and-trade create more taxes and regulation, it might spur a bout of protectionism. It is the gift that keeps on giving.

One comment

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[...] here: James Pethokoukis » Blog Archive » Cap-and-trade has a China … August 11th, 2009 | Tags: global warming | Category: Carbon [...]

Exactly, and we ought to become protectionists, look at Europe and China they do it.

I bet you Obama will sell us out soon enough.

Posted by Ian | Report as abusive