Whoever said you never want to see sausage made or laws passed did a grave injustice to sausage-makers, who are surely engaged in a much more wholesome enterprise.
Maybe the bill's boosters are talking about how to create jobs for government bureaucrats and corporate carbon-counters, which this bill would certainly do. To excess. It would set up a complex market in "carbon credits" that would allow some industries to sell their carbon quotas to others. Even if such an approach reduced carbon emissions in this country, it would scarcely have any effect on total emissions worldwide. Because huge developing economies like those of India and China would continue to pour increasing amounts of carbon into the atmosphere....
But there's no need to go into detail when just chanting incantations will solve all the world's pollution problems and revive the economy, too. Jobs, jobs, and more jobs! Save Our Planet! Suspend disbelief and go with the administration's projection that taxing industries will actually "save or create" hundreds of thousands of jobs. Just as the $787 billion stimulus package was going to keep unemployment at or below 8 percent the rest of this year. It rose to 9.4 percent in May, at least according to the U.S. Bureau of Labor Statistics, but what does it know?
If some 1.6 million jobs have been lost since the administration's stimulus package was passed, just think of how many more jobs would have been lost without the huge bail-outs and government outlays! Look at it this way: The worse things get, the worse they would have gotten without this administration's high-spending programs.
To quote Max Baucus, the Democratic senator who's now chairman of the Senate Finance Committee, when he was grilling Timothy Geithner, the current secretary of the Treasury and de facto CEO of General Motors, Chrysler, AIG, and who knows how many other giant corporations to come: "You created a situation where you cannot be wrong. If the economy loses two million jobs over the next few years, you can say, yes, but it would've lost 5.5 million jobs. ... You've given yourself complete leverage where you cannot be wrong, because you can take any scenario and make yourself look correct."
Heads they win, tails we lose. Not to put too fine a point on it, this numbers game is fixed. But why let mere facts get in the way of a grand vision? The numbers can be rearranged later to show how the economy is actually growing and, of course, how the planet was saved. |