Wednesday, June 04, 2008

"Let's Destroy the Economy by Turning it Over to Left-Geek Bureaucrats in 2008 Act"

Cap and Destroy; By Larry Thornberry; The American Spectator; 6/3/2008.

HT: Collecting My Thoughts

“Yesterday the U.S. Senate began what it insists on calling "debate" (more like serial dopey speeches designed for home consumption) on the worst piece of legislation introduced into that body in the new century. Perhaps worse than anything in the last century as well.

“There's nothing good to be said about the disingenuously named Lieberman-Warner Climate Security Act of 2008. A better name would be the Let's Destroy the Economy by Turning it Over to Left-Geek Bureaucrats in 2008 Act.

“The heart of Lieberman-Warner is a cap and trade system that would turn decisions on how much and what kind of energy to use in the private sector over to government. This is the approach, you'll recall, that worked so well in the Soviet Union that that dismal country's first five-year plan lasted 74 years before the whole sorry business caved-in on its own command and control butt. If adopted, this would be the most fundamental change in the nature of this country in the country's history.

“Perhaps we could call this the New New Deal. The first New Deal, cooked up by a lot of smart but impractical professors and hack politicians in FDR's administration, succeeded in making the Great Depression deeper and longer than it otherwise would have been. The current plan, more ambitious than all of FDR's alphabet soup groups, could put paid to the entire economy, and thus to America as we've known it.”

Comment: Oligarchs at work is an understatement; this is disastrous. This is disastrous to liberty, freedom, and our prosperity. The hour is well past the time to repeal the 17th Amendment.

1 comment:

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