The Congressional Budget Office, whose analyses exposed ObamaCare as a deficit-busting boondoggle, has now reviewed the cap-and-trade bill passed by the House over two months ago. The analysis confirms that cap-and-trade will seriously hamper the American economy and create joblessness by the millions over the next 40 years:
The climate change bill approved by the U.S. House of Representatives would reduce the gross domestic product of the United States by as much as 3.5 percent in 2050, the Congressional Budget Office estimates.
The Democratic-controlled House passed landmark legislation in June aimed at slashing industrial pollution that is blamed for global warming.
“Reducing the risk of climate change would come at some cost to the economy,” the CBO said in a reported posted on its website on Thursday.
As a former lefty raised by one-time card-carrying commies I can assure you that lefties do not give a crap about increasing unemployment.
And the perennially high EU unemployment proves this.
You see, the left also wants the state to pay big unemployment benefits and for education and health and retirement.
The left hinks a great big Nannystate guaranteeing cradle to grave politician designed government run services is a good thing.
As if the USSR and North korea and Zimbabwe and China (pre 1980) and Cuba were "doing JUST FINE!"
So - the left would have you believe - who needs an effin job!?
Cap & Trade is part of an overall socialist plan to bring back the welfare state.
We know welfare states fail, economically and morally.
Neverthless the left-wing utopianists want us to go back down that road.
The road to serfdom.
As the late Mary Travers used to sing:
“When will they ever learn?
When will they ever learn?”
Apparently many leftists refuse to learn a damn thing.