Waxman-Markey Costs More Than A Postage Stamp

Rhetoric flew during the House of Representatives’ floor debate of the Waxman-Markey American Clean Energy and Security Act (ACES). The proposed greenhouse gas (GHG) cap-and-trade program, one of hundreds of mandates within the bill, grabbed most of the attention. Opponents of the legislation bemoaned looming job destruction, energy taxes, and increased vulnerability of farmers. Proponents reminded one another of the historic opportunity, job creation, and ensuring the welfare of the planet. Representative Michele Bachmann declared a vote for cap-and-trade a vote for tyranny — and that it would cost 2.5 million jobs. Speaker Nancy Pelosi led a chant of “jobs, jobs, jobs.” And one wee postage stamp became a celebrity.

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