Waxman-Markey provides for the same broad goals as AB 32 in California: 1990 levels of CO2 by 2020, and 80 percent below that by 2050. Both standards are economy killers, and job chokers. The U.S. stock market will plunge as the economy withers further and more people are out of jobs. Those reaching or approaching retirement, and those in retirement already, will see their market-based funds shrink much further than that of 2008. The political pushback will be immense. People get very cranky when they have no money, and logic tells them that politicians did this to them.
When power plants are shut down, when brownouts and blackouts occur regularly, and businesses close their doors because they cannot afford to operate, the people will know who is responsible.
The American people always have a choice, and that is to vote. Laws that are passed can be repealed. Politicians that vote for bad laws can be voted out.
This is a very sad day for America, once the land of the free and the home of the brave.
It is time for the engineers to speak out, speak up, and end this madness.
Roger E. Sowell, Esq.
B.S. Chemical Engineering
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