House Dem Calls Bill a 'Ponzi Scheme' -- 'If the vote was today, I'd vote 'no' | Climate Depot

Excerpt from E&E News - May 22, 2009 (Subscription required)

[Gene] Taylor, an 11-term [Democrat] congressman from the Mississippi Gulf Coast, is not ready to buy into the climate bill. "I think of the whole cap-and-trade idea as a Ponzi scheme," Taylor said. "I don't like the idea that one factory is cleaner than it has to be so that another a factory is dirtier than it should be, because historically that factory that's dirtier than it should be ends up in the South. ... If the vote was today, I'd vote 'no.'