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[quote user="garr"][quote user="Bucyrus"] The basic objective is to crush out the fossil fuel economy by punishing taxes, and use the money to create a brand new renewable fuel economy and its market out of whole cloth.  It’s not small stuff.  It is very big, bold, and shocking stuff on a fast-track schedule. [/quote] Bucyrus, I agree with all your points except the one above about the intent being to create a renewable energy source. "I'm from the government and am here to help..." is a comedic statement until one adds the 4 words which make it painfully true--"...myself to your money." If the past is any indication, i.e. Social Security Trust Fund, Cap and Trade is going to be a new source of income for the general fund of the US Treasury. As a deep well of new taxes must be found to fund trillions of dollars of new expenditures by our powers to be. If 1% of the Cap and Trade money ever goes toward funding renewable energy I would be amazed. Even if the taxes generated by Cap and Trade were used for Renewable Energy, it is still unfathomable that the US government would even consider such a huge tax increase in the middle of the current economic situation. It will only prolong the depths of the current economic crisis. You don't need real numbers to know things have changed. As recent as mid-'08 along CSX between Atlanta and Catersville trains were a constant parade, almost like shooting fish in a barrel--one by every 20-30 minutes. Today hours go by with nothing in site. Call me a pessimist, but I only see an increase in intermodal as the only benefit for railroads coming from the Cap and Trade legislation. I don't believe this increase will out weigh the losses that railroads will see from decreased coal traffic and other business lost to more off-shore production caused by Cap and Trade.  Jay   Jay [/quote] Jay,  I guess I did not make myself clear on that point.  I agree with you in that creating a new renewable energy economy is only the ostensible reason for the changes being proposed.  In other words, crushing out the fossil fuel economy, and replacing it with a new “green” economy is really just a pretext to crush out the private sector economy and replace it with a central planning, command and control, government-run economy.  That is the true motivation behind cap and trade.
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