Cap & trade written to fail

And did you know the new tax (waiting to be voted on in the Senate) on carbon emissions does NOT reduce carbon emissions? Read about it at the New York Post: 

The upshot is that an Environmental Protection Agency analysis says that under Waxman-Markey, there will be no reduction in emissions by 2020. The progressive Breakthrough Institute estimates that emissions could continue at their current business-as-usual rate through 2030.

Perversities abound. The Los Angeles Times reported that, under the bill, America "would use more carbon-dioxide heavy coal in 2020 than it did in 2005." Time magazine writes that "the total amount of renewable energy generation . . . would actually be less than the renewable energy that would have been produced without the bill."