Tuesday, June 30, 2009

A Peek Into Cap and Trade (and Tax, Tax, Tax)

Rich Lowry at NRO has an insightful column today. A sample:

The formulation of the so-called Waxman-Markey bill was less traditional legislative sausage-making than an unspeakable practice out of The Jungle. Its architects bought off every possible interest group no matter what the policy consequences until they had a bare majority to slam it through the House sight unseen (a physical copy of the final bill didn’t yet exist when it passed). Mission accomplished, although at the price of a ramshackle bill that won’t succeed on its own terms, even as it introduces costly distortions and invasive bureaucratic controls into the economy.

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