David Fiderer, Huffington Post: The Simple Arithmetic of Global Warming Supports the Economics of a Climate Change Bill | AlterNet

One of the great ironies of our age is that skepticism of global warming is treated with greater respect than, say, Holocaust denial.

Only Cap-and-Trade will save America

What is interesting is that America is the most innovative country in the whole. When challenged, America answers loudly. The people who oppose challenging American businesses seem not to have the confidence in their industriousness. As we have seen in recent months, the free market needs guidance or else it runs itself into the ground. And when it does, it takes everyone down with it.

Climate Change Bill to Heat Up Senate | Green Business | Reuters

Diana Furchtgott-Roth, former chief economist at the U.S. Department of Labor, clearly lays out much of the opposition's view in a column published by Reuters, highlighting issues such as the lack of technology to meet the would-be requirements under the legislation: "Meeting these standards now is technologically impossible without radically reducing our standards of living, but Congress is hoping that technology will magically appear as needed." As well as the effect it would have on businesses: "Not only does the bill penalize American firms through higher costs, it gives firms a financial incentive to move abroad through 'offsets,' activities that supposedly lower carbon emissions elsewhere."