Representative Henry Waxman is chairman and the chief sponsor of the climate change bill now being considered by his committee in the House. Simply put, the bill is an abomination. If passed, the bill would put hundreds of billions of extra dollars in costs upon American business while the companies in the remainder of the world would go on as before. the net result of these cost increase would be an enormous loss in the market for American exports and a loss of the home market as well to further imports from China and other low cost countries. It is a loss of markets that we simply cannot afford at this time. Does Waxman really want to cause another 4 or 5% rise in the unemployment rate? The truth is that he does not care. If we end up with 15% unemployment just so that the pollution that may be causing climate change comes from China rather than from the USA, would any sane American be happy. Clearly not -- although it seems that nothing could make Waxman happier.
It is crazies like Waxman who make the Democrat control of Congress so dangerous. Hopefully, he can be stopped before he and his Obamacrat pals destroy what is left of the US economy.
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