C(r)ap & Trade: Lining Leftist Pockets
Seth Grossman of Shore News Today has an interesting piece on the c(r)ap and trade bill passed by the House last Friday. According to Seth, this damaging legislation is nothing more than a slush fund for Obama and his cronies. Nice.
Last week the House of Representatives approved HR 2454, the “American Clean Energy and Security Act of 2009,” by a vote of 219 to 212. If the Senate agrees, this proposed new law will create a huge slush fund of billions of dollars by jacking up every gas and electric bill in America. The money would then be “redistributed” to selected businesses, unions and other groups who are “friends” of Obama and the Democrats.
The House almost rejected the bill when 45 Democrats with principle voted no. The bill passed only because eight unprincipled Republican Congressmen sold out to vote yes.
Three of those “traitors within the gates” are from New Jersey – Frank LoBiondo (Salem, Cumberland, Cape May Gloucester, and Atlantic counties), Chris Smith (Mercer, Burlington, Monmouth and Ocean counties), and Leonard Lance (Hunterdon, Middlesex, Somerset and Union counties). All three were strong backers of Chris Christie for governor over Steve Lonegan during last month’s primary election.
Left-wing Democrat Henry Waxman of California introduced the bill as a 1,200-page proposed law just six weeks before it was brought to a vote. Hundreds of pages with special “earmarks” were later added to buy enough congressmen to win passage. One amendment of more than 300 pages was added at 3 a.m. the morning of the vote. Nobody knows exactly what is in it.
