It will cause starvation of the lower and middle classes as cost of food will necessarily skyrocket. You cannot increase costs in electricity and shipping and not have a similar increase in the cost of food or any store bought product for that matter.
So the esteemed Cap and Trade Legislation will:
Increase the cost of Energy
Increase the Cost of Shipping
Increase the Cost of Commuting
Hell, it will Increase the Cost of just about everything including your Food via trickledown effect.
Middle Class and Lower Class people, please do not expect to eat once all the additional cost is handed down to the consumer. Well I Hope you have a garden and your own seeds. City folk are doomed, how are they going to pay for heat, food and water?

Yea this is the best legislation/Idea ever.

If you want to crush an economy, decrease the population and empower the few over the many and deforest a good portion of the country (For heat and Cooking) this is an excellent idea.

The free market did not fail us, the government who set ridiculous rules and regulations failed us. Did banks fail us by giving loans to people who couldnt pay them back, or was it the government’s fault for REQUIRING banks under the Community Investment Act to loan to unqualififed borrowers? Did BP drill in 1000 feet of water because they wanted to, or was it the governemnt’s fault for prohibiting drilling on land in places like Alaska where we could have capped the leak in a week? Big governemnt is the problem, not the free market. The market hasnt been free since FDR, our worst president in history.

http://files.harc.edu/Sites/HoustonRegionalForest/Events/CarbonWorkshop/MarketBPAmerica.pdf

Full title: Usurper President Barry Soetoro.

There now, isn’t that better? Nice little ring to it, yes?

I thought you’d agree.

Now that you’re in a fun mood check this out…

http://www.theamericansheeple.com/specialpublication.html

You’ll laugh all the way to your grave.

On this particular post, though, I think you marked your political territory a little too clearly and, in the process, missed the mark. While I agree that Obama is being very opportunistic in taking advantage of the Gulf disaster to push his “green” agenda, I have to side with the president when he says the US needs to reduce (if not cut entirely) its dependence on oil — not only to make ourselves independent of foreign countries that may not have our best interests in mind but also corporations. If it takes a disaster to push us in that direction so be it. Our country’s insatiable hunger for oil is the reason why a company like BP decided to install a barely profitable rig offshore in the first place, why they cut corners to squeeze every last dime out of that project, and ultimately why we have this horrible disaster now on our hands. Say what you will about carbon being good for the environment (which, I have to admit, is an amusing delusion), but our dependence on hydrocarbons is ultimately what is unsustainable, and if we don’t make a decision to change our lifestyles soon, someone (or thing) will make it for us.

Thanks, and once again, keep up the good work.

One person can still make a difference in this world, is that simple interactions have a rippling effect. Each time this gets pass along, the hope in cleaning our planet is passed on.

More power, more taxes, less biz…thats for sure.

“It would drive gas and electricity prices through the roof.” < that's good! you can't convince a stupid american to do the right thing, the only solution is to put the price through the roof, money is all that matters to most Americans.