Planet Ark : ANALYSIS - Obama To Go Green, But Push "Could" Be Costly

"The Obama-Biden cap-and-trade policy will require all pollution credits to be auctioned, and proceeds will go to investments in a clean energy future, habitat protections, and rebates and other transition relief for families." it said.

Analyst Book said the government could raise $600 billion over 10 years by taxing carbon at $10 a tonne and raising it by 5 percent a year.

"That $600 billion will go a long way for buying stuff and it's four times as much stuff as Obama has talked about buying. So I don't know how much they are going to focus on the green economy but I do know they are going to look at environmentalism as a driver to taxation, because they have to."

Philadelphia Church of God: Global Warming Farce | theTrumpet.com

Talk about farcical.

There they were, the sad lot charged with administering government in the nation that once ruled the greatest empire in history, debating a hugely complex and costly system ensconced in a bill designed to deal with a fictitious global warming threat, while, unseasonably, the snow tumbled down on London town!

Perhaps it was poetic justice that while this global warming foolishness was being given over to such sanctimoniously serious debate in the mother of all parliaments that London had its first snow recorded at this time of the year since way back in the cooler interwar year of 1922.

But the men and women with the minds of children (Isaiah 3:2) plowed stoically on, ignoring the evidence of the unseasonable blanket of white covering the city—and the 60 percent of the British public who don’t want the legislation enacted by the Climate Change Bill—to vote in the bill’s onerous provisions with only five members of Parliament voting against it.

In fact, as British parliamentarians voted in a bill that will add huge encumbrances to their constituents’ daily living and business, temperatures tumbled to record lows in several counties in Britain and spread their effects westward to create record low temperatures across the Atlantic in America.