Self Interest Won Out Over America's Interest: Waxman – Markey Bill

Waxman – Markey, also known by its ill-suited title the "American Clean Energy and Security Act," passed by the not so reassuring vote of 219 to 212. The battle begins anew in the Senate, where its passage is far less likely (but in this political climate, who knows).

The damage to America's economy, based on a false crisis, will be devastating. The Heritage Foundation validated that by 2035 the bill would cut the GDP of the United States by $6,790 per family of four and impose $4,600 in carbon taxes per family:

House Passes Climate Bill

The Cap and Trade 8

House Narrowly Passes Bill Designed to Influence Earth's Climate by Restricting U.S. Industry and Imposing Costs on American Families

The Economic Impact of the Waxman-Markey Cap-and-Trade Bill

But the media, and other supporters of the American Clean Energy and Security Act, would prefer to ignore Heritage's findings, instead choosing to quote from the flawed Congressional Budget Office, which grossly underestimated the overall cost to the economy, as well as the individual impact:

CBO Grossly Underestimates Cost of Cap and Trade

This bill needs to be stopped before we find ourselves on a course that will damage the worldwide economy to the point of no return., just as it did in Spain and other parts of Europe.

Tilting at Green Windmills

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