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.

Yes, I agree with everyone that says we need to find better energy than oil and stop emitting green house gases. Wasn’t that why the DOE (Dept of Energy) was created 30+ years ago and what have they done other than drain the U.S. Coffers?

Anyway lots of blame to go around here but this oil spill has just destroyed $200+ billion worth of our economy. And created an environmental disaster of biblical proportions. If the environmentalists would not have FORCED the oil production into deep waters this would not have happened.

@anyone who thinks we are killing the environment. Yes we are, but its nothing this planet cant deal with, we ARE however killing ourselves, not with carbon but with persistent chemicals and toxins. Just look at the oil spill, there are naturally occurring bacteria that eat oil, and if there wasn’t any in that area, there soon will be as bacteria adapt quickly. However, spraying chemicals that kill cells (has been reported to bust cells of fish) will prevent a mass of bacteria to evolve into an oil eating bacteria. So again, the problem isn’t the oil as nature will eventually deal with it, the problem is humans thinking they can do better then the environment can. Nature can deal with anything natural like carbon, its the unnatural stuff that it hasn’t learned to deal with yet.

Man made climate change is as stupid as stupid gets! One Volcano can change the climate, in one day, more than mankind, has in it’s entire history. It has never been about protecting the climate. It’s about taxing and power.

While some here are obviously products of American public education system, I for one, whole heartedly agree with your last paragraph:

“So if Barack Obama does get his climate bill pushed through Congress and it does kill the U.S. economy, that would only be a “first step” for those truly dedicated to the radical environmental agenda. What they have planned down the road is a whole lot more horrific.”

Think about this, if it wasn’t for the environmental nazis, Bp would be drilling on dry land, not in mile deep waters.

Our forefathers at least had the advantage of moving away from the idiots of their days. Today, you and I are stuck with this “progressive disease” that is infecting all the common sense of the world.
just venting…simply MHO

I would gladly pay every congressman full time salaries to do absolutely nothing…just so they can’t screw up anything else.

I honestly wish Obama would just quit and go away. Play golf full time. This dude has the reverse Midas touch, anything he touches turns to crap. That this guy accomplished virtually nothing on his own prior to his Barnum and Bailey swindling of a brain dead electorate is appalling. It’s going to take decades to get out from under his democratic marxist policies and european style socialism. Bet they try a VAT tax before it’s over.

What part of college chemistry did you miss out on? Without enough CO2 the Earth would freeze and too much will result in tropical climate to the poles. That’s why there is oil up there in the Arctic from all the tropical plants and dinosaurs from long ago. If you don’t think too much CO2 is a problem, then try visiting Venus. The CO2 there resulted in a runaway greenhouse and a lifeless planet.

While I agree with you that Obama’s climate bill could be economically devastating that doesn’t dismiss the reality of what too much CO2 will mean for those of us who are trying to farm and having to deal with increasingly crazy weather, which in the end will impact those of you who have to eat….

Your work thus far has been very well reasoned, but this piece leaves me wondering…

Further: surpopulation is a very real threat to our planet. Yet you make little of it by first saying only the ‘global elite’ think there’s a problem because there ‘are too many mouths to feed’ and that we’re a nuissance to them, next you bring up this ludicrous post.

I agree Obama likes to spread fear to rally people to his cause…but you’re the EXACT same.

How much evidence do you need? Will the increasingly likely extinction of our species do the trick for you?