What is Digg?Sponsored by Sony Pictures
Do you believe the 2012 Mayan Prophecy? view!
whowillsurvive2012.com - The Mayan Calendar predicts the end of time: 2012. See the trailer for 2012, opening November 13.
79 Comments
- inactive, on 07/05/2009, -20/+64Cap & Trade has nothing to do with the environment...and EVERYTHING to do with money and control.
It's your wonderful bloated federal government figuring out new ways to wring more money out of American business and American taxpayers....
.....and it's a way for the feds to have almost total control over every aspect of your life, because almost EVERYTHING you do creates CO2. - Wosat, on 07/06/2009, -12/+44For someone who claims such disgust at U.S. jobs being exported, Obama sure does seem to be trying his best to send more jobs overseas. We restrict our carbon emissions (a.k.a. economic output), while countries like China and India are there with no restrictions on their employers to pick up the slack.
Of course, nothing breeds dependence on the government like unemployment... - JordanTW90, on 07/06/2009, -12/+37Cap and trade: the best way to tax unemployed people.
- alamedaman, on 07/05/2009, -15/+39Henry Waxman: waster of taxpayer money.
- NorthMass, on 07/06/2009, -6/+28And it will create drastically more people who need welfare because of how much the Waxman-Markey bill will skyrocket gasoline and food prices at the same time.
- NorthMass, on 07/06/2009, -13/+32Cap and trade is going to be an absolute disaster for three reasons.
(1) It will drive up the price of gas 50-75%, it will drive up utility bills drastically, and it will drastically raise food prices because of the higher gas prices. This destroys the poor, and it destroys the middle class, who spend most/all of their paycheck on food and commuting to work.
(2) This will lead to even more jobs being exported overseas to countries like China with no CO2 regulations.
(3) Even if you believe in CO2 warming the earth, this isn't going to do anything because China and India have no C02 regulations, so they will more than make up for the CO2 we stop producing. - Blinker1315, on 07/05/2009, -15/+34Henry Waxman is the model for Mike Bloomberg in NYC. A nanny-state advocate, getting into the faces of American citizens, believing that government, and elected officials, knows what's best for the people, even when freedom of choice is violated.
- Richandler, on 07/06/2009, -13/+31 "At a time when the economy worldwide is still deep in recession and we've seen a significant drop in global trade, I think we have to be very careful about sending any protectionist signals out there," Obama said.
Obama is very right here. But as the article points out it will hurt manufacturing here.
"Krugman argues, claiming that imposing tariffs for non-economic reasons, such as cutting carbon dioxide emissions, isn't protectionism, but is simply leveling the playing field."
Krugman displays is ignorance again as usual. Imply that since we penalize every one it's fair.
"It's a hugely transformative measure — which would lower global CO2 emissions by only a few percentage points — that risks crippling our economy."
They get it right in the end. Ask any investor if they would take a high risk low reward investment and I'm willing to bet the only answer you would get is NO! - inboxnews, on 07/06/2009, -3/+19No no no, inflation is not a tax. Saying inflation is a tax is like saying fees and tolls are a tax.
Oh wait... - drmangrum, on 07/06/2009, -7/+21I wonder how long before people throw all this ***** back in Obama's face. What happened to not taxing people who make less than 250k?
The stimulus bill creates inflation which is essentially a tax.
Cap and Trade is an all encompassing tax that gets passed on to consumers...all of em.
The proposed health care bill wants to tax health care benefits.
Just about everything Obama has done so far equates to a giant dildo up middle Americas ass. - thebudda, on 07/06/2009, -11/+24It amazes me that so many people are acting like this is a surprise action by people in this administration and congress. I did my homework over the years and easily saw that there are a bunch of crazies out there; they had radical views and agendas, and most of all they openly expressed their hopes to impose their agendas on America, no matter the cost. Why anyone would believe that radical folks would somehow be less radical when promoted to a higher position and have more power is crazy.Everyone jumped on the bandwagon blindly and now seem confused that bad things are happening.
If something quacks like a duck, looks like a duck, acts like a duck, waddles like a duck, then you best not listen to that duck when they say they are going to be anything other than a duck if you vote for them. Past actions, open beliefs and the people somebody surrounds themselves with = who they are and what they will be. - Wosat, on 07/07/2009, -3/+15Those who cannot remember the past are condemned to repeat it.
- drmangrum, on 07/06/2009, -9/+18It still amazes me how an Economist is one of the main driving forces behind this bill. That should tell people something. It's not a Geologist, nor a Meteorologist, nor a Climatologist, but a damn Economist. Economists main area of study is the flow of money, not the environment or Earth Science. That should send alarm bells up everywhere.
- drmangrum, on 07/06/2009, -8/+17To see the true effects of this type of legislation, just look at Spain. For every "green" job they created, they lost 2.1 existing jobs.
- inactive, on 07/07/2009, -2/+10Cap & Trade will do nothing but raise living expenses, kill jobs, and discourage FDI. It's just another thing that Obama and the democrats want to get their hands on, because there's nothing they don't want to control.
And all the while, the media is talking about Michael Jackson.
Nice. - zacharytelschow, on 07/06/2009, -5/+12The stated purpose of the bill is to make energy/CO2 so expensive it will change the way people behave. So either liberals believe people will change their behavior for the cost of a postage stamp per day or this bill will be much, much more expensive than that. It doesn't take a genius to figure out which one of those is most likely.
- geekee, on 07/07/2009, -7/+14I thought Obama promised no tax increases for those making less than $250K. Another broken campaign promise.
- Rugrash, on 07/07/2009, -1/+7I'm sure India and China are laughing right about now...
- ozydingo, on 07/07/2009, -1/+7Yes. The conspiracy knows no limits. Digg is clearly in on it too.
- Wosat, on 07/06/2009, -3/+9The U.S. income tax started at 1%.
- khalil725, on 07/06/2009, -9/+14I wonder how much Goldman Sachs is lobbying to get this through?
- revisrev, on 07/07/2009, -1/+6Do you expect a geologist, meteorologist, or climatologist to inform us about incentive systems? No, it is not their field of study. That is what economists do. Study the way people react to incentives, both negative and positive. Sure, the hard scientists have a role here, which is identifying the problem and telling us what we can do about it, but I wouldn't trust them to come up with an incentive system to confront the problem.
- zacharytelschow, on 07/06/2009, -3/+8Yes, I certainly agree this bill would destroy American manufacturing and create a new dependency class of people like my father-in-law, who's an excellent, skilled hard worker who performs factory work. People that can drive fork lifts, have a CDL, can operate heavy equipment, and can fix almost anything won't have jobs anymore.
I disagree, though, that free trade destroys jobs here. Free trade allows people to specialize in what they do best and allow countries to forgo work they aren't well suited for. In America, that would mean labor intensive jobs are sent elsewhere where capital-intensive jobs stay here.
There's a difference between protecting jobs (tariffs, no free trade agreements) and punishing American employers (massive taxes, cap and trade) but I oppose both as destructive. - proliance, on 07/07/2009, -2/+7What's scary is that some people believed it.
- racekarl, on 07/07/2009, -0/+5You either fail at reading comprehension or are being deliberately misleading. The article you linked stated that there would be a net *cost* of $175/year per person. That $3,900 savings figure you quoted was deliberately excluded from the estimates because it's based on the idea that some fairy tale technology will come in and save us all.
- geekee, on 07/07/2009, -3/+7The article quotes Paul Krugman. How much more liberal can you get? I guess any counter arguement makes it too right wing for kool-aid drinkers like you.
- drmangrum, on 07/07/2009, -0/+4Steal other peoples comments much?
Namely, mine. - ozydingo, on 07/07/2009, -1/+5Asking for a source is being a bitch?
- qerplonk, on 07/07/2009, -1/+5Right and it's not like China and India are going to start capping their CO2 emissions because
A: They don't care
B: All the jobs would flow into their sector if we institute cap and trade
Also, what's with you people talking about tariffs and protectionism like it's a good thing? Free trade is much more conducive to prosperity. When you put tariffs in place, say on corn, it makes foreign corn *artificially* more expensive relative to our corn.
You're forgetting that resources are scarce and have alternative uses. If a country can produce it cheaper than us, we should be buying that cheap corn, and put the farmers and their resources to a use that's needed more (i.e. that's more scarce). It's called "comparative advantage," and is a big reason why we have such comfortable standards of living in the U.S. Tariffs end up hurting the countries that impose them.
Check out "Basic Economics" by Thomas Sowell for more. - zacharytelschow, on 07/06/2009, -6/+9If the efficiency gains being claimed in the bill would pay for themselves so quickly, they would already be instituted. They won't, and you're a fool for buying that.
I suppose solar panels will pay for themselves in a few years too, right? Same problem; they won't. Otherwise everyone would go out and get them. - moskrin, on 07/07/2009, -0/+3something D-O-O economics... class? anyone? anyone?
- qerplonk, on 07/07/2009, -0/+3For anyone who wants to read the flaws of the CBO's cost estimates:
"Enron Accounting: CBO and EPA Cooked the Books on Cost Estimates for Waxman-Markey Energy Tax" http://www.instituteforenergyresearch.org/2009/06/ ... - inactive, on 07/07/2009, -1/+4Cap and Trade... Talk about kicking an economy when it's already down.
- Wosat, on 07/06/2009, -6/+9Too bad this article wasn't from one of digg's favored sources (like the Huffington Post). It would have made FP easily.
- methdwman3, on 07/07/2009, -0/+3This would be an insightful comment - if it wasn't for the tiny little fact that Republicans aren't in control of the Senate or House.
- Opiate, on 07/07/2009, -0/+3Should have been obvious when they let GoreAl push his propaganda..
/s or is it? - Serinus, on 07/07/2009, -0/+2I'll pay $175 a year to not have New Orleans, New York, and California under water.
- dagnabbit, on 07/06/2009, -5/+7Are you referring to Krugman, the economist cited in this article? If so, how is he a driving force behind the bill? All I've seen him do is offer commentary about what he believes to be good or bad policy. Something that both liberal and conservative columnists covering politics and government do with a certain regularity.
- BearKill, on 07/17/2009, -0/+2It is frightening to see that this administration is doing absolutely everything wrong, from government spending to tax policy, to energy policy, to healthcare reform, application of labor laws, to regulation and other countless areas where they are screwing up or screwing us over (rule of law, anyone?). I don't know if Obama has ulterior motives or is just horrendously incompetent, but if I were to set out to deliberately sabotage the US economy, I could not do better!
- defendliberty, on 07/07/2009, -4/+6Thank you to the +29 people so far that are awake to the truth.
EDIT: WTF is this user banned now? wtf digg. On the bankster payroll too? - Shipyaad, on 07/07/2009, -0/+2+1 for the mentioning the Sowell book
- BearKill, on 07/17/2009, -0/+1Krugman is a political hack with no credibilty...just another Obama lapdog. Crap and Turd cannot be justified on economic grounds with our major trading partners failing to participate. It's financial suicide.
- gijoe86, on 07/07/2009, -0/+1Quixotic. Look it up.
- LouisCipher777, on 07/13/2009, -0/+1or when they can't even keep their own lives straight.
- Serinus, on 07/07/2009, -0/+1No idea why you're being buried. Your comment is really what I was expecting to see here.
- BearKill, on 07/17/2009, -0/+1LOL...so true. The best way to tell if Obama is lying these days is to check whether his lips are moving. He was supposedly an inspirational figure and it turns out he is just a pathological liar and a product of shady Chicago politics. Everything he says is a half-truth, distorted statistic or an outright lie. What a shame.
- BearKill, on 07/17/2009, -0/+1your comments ring true... I was dumbfounded when the electorate voted for this disaster purely in the interest of embracing "change" without thinking of the consequences. I sometimes want to slap every Obama voter in the face.
- sanibelsnook, on 07/07/2009, -0/+1hey buddy - can you pass me a glass of that kool - aid or did you drink it all.....
- BearKill, on 07/17/2009, -0/+1Your picture is the best!
- LouisCipher777, on 07/13/2009, -0/+1so they are trying to make our money worth less? that is why we need to end the FED.
-
Show 51 - 82 of 82 discussions
The Digg Toolbar for Firefox lets you Digg, submit content, and keep track of Digg even when you're not on the Digg site. Download the official 
© Digg Inc. 2009
— Content created and posted by Digg users is