The American Way...

...of President Obama, and his appropriately named cohorts, Waxman and Markey is "is part power-grab, part enviro-fantasy." If passed by the Senate, this will be the defining Bill for President Obama and will confirm his critics allegations; that he is at heart a destructive socialist...The Waxman-Markey cap-and-trade bill, known as ACES (the American Clean Energy and Security Act), is more like the third panel in Hieronymus Bosch’s Garden of Earthly Delights — a hellscape that disturbs the sleep of anybody who contemplates it carefully. Two main things to understand about Waxman-Markey: First, it will not reduce greenhouse-gas emissions, at least not at any point in the near future. The inclusion of carbon offsets, which can be manufactured out of thin air and political imagination, will eliminate most of the demands that the legislation puts on industry, though in doing so it will manage to drive up the prices consumers pay for every product that requires energy for its manufacture — which is to say, for everything. Second, it represents a worse abuse of the public trust and purse than the stimulus and the bailouts put together. Waxman-Markey creates a permanent new regime in which environmental romanticism and corporate welfare are mixed together to form political poison. From comic bureaucratic power grabs (check out the section of the bill on candelabras) to the creation of new welfare programs for Democratic constituencies to, above all, massive giveaways for every financial, industrial, and political lobby imaginable, this bill would permanently deform American politics and economic life...When Nancy Pelosi was advising congressmen to back this beast, she said they should not worry about the words of the bill they had not read, but think about four others: “jobs, jobs, jobs, jobs.” The legislation offers Pelosi perverse vindication: Waxman-Markey will create a lot of jobs for Wall Street sharps, Big Business rent-seekers, ACORN hucksters, utility-company lobbyists, grant-writers at left-wing organizations, college administrators, light-bulb-policing bureaucrats, and an army of parasitic hangers-on. It’s up to the Senate to stop it....more here...

...and from WarningSigns...What other republic is governed by fools who voted without reading “climate” legislation whose 1,200 pages of rules and regulations will enrich a few and leave the rest scrambling to pay the light bill? That is, if the light turns on. If passed by the Senate, it will be the largest tax increase in the history of the nation. It exists to “save the planet” from a “global warming” that is not happening.What other nation would systematically ensure that its vast resources of coal, enough to power plants to produce electricity for the next hundred or two hundred years, not be used because no new plants will be built? Fully fifty percent of our electricity comes from coal, but this nation is about to waste billions of dollars on wind and solar energy—so called “clean” energy—which accounts for about one percent...more here...

...and what role does Goldman sachs play in this ? ...instead of credit derivatives or oil futures or mortgage-backed CDOs, the new game in town, the next bubble, is in carbon credits — a booming trillion- dollar market that barely even exists yet, but will if the Democratic Party that it (Goldman Sachs) gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade. The new carbon-credit market is a virtual repeat of the commodities-market casino that's been kind to Goldman, except it has one delicious new wrinkle: If the plan goes forward as expected, the rise in prices will be government-mandated. Goldman won't even have to rig the game. It will be rigged in advance...more here... and what of global warming sceptics ? According to Shrinkwrapped...Aside from the protectionism and higher energy prices, with all kinds of exceptions that are designed to elicit votes from wayward Representatives, there is an entire section devoted to further attempts to silence Global Warming "Skeptics", attempts that have been underway for quite some time...more here...