Mar 07 2009
Carbon Cappers: Missing The Mark(ey) On Cap-and-Trade
Sometimes you come across a quote that makes you do a Scooby Doo double take. This morning’s spit take comes courtesy of a leading carbon capper, courtesy of the New York Times:
Representative Edward J. Markey, Democrat of Massachusetts, is leading a special committee writing the House version of climate change legislation. He voted for the 1993 energy tax bill, which is known — not fondly — as the B.T.U. tax, for British thermal unit, a measure of energy output. Mr. Markey has since become a faithful follower of the cap-and-trade school.
“I am aware of the economic arguments for a carbon tax,” Mr. Markey said, “but politics is the art of the possible, and I think cap-and-trade is possible.”
He added: “Somebody once told me that a smart man learns from his mistakes but a wise man learns from others’ mistakes.
Umm. M’kay.
Has anyone out there been following Europe’s troubles with cap-and-trade? And we want to follow their mistakes because we think it’s possible to make the same mistake here?
Like, zoinks!
“Edward J. Markey”
There is a minor typo in your story. As anyone who has lived in his district knows, that should be ” Edward J. Malarkey.”
Treg
If the climate changers would keep their mouths zipped, and their diapers changed, there would be one hell of a lot less hot air.