When Waxman announced that they had given away 85% of the ration coupons to the various powerful special interests, he added that the purpose was to protect consumers from price increases. If that were true, then consumers would have no reason to reduce their energy consumption, nor would they be forced to use more expensive alternative energy, which would mean that the entire purpose of the bill (the reduction of greenhouse gases) would be rendered moot.

The unacknowledged truth in this charade is that the real reason for giving the ration coupons away is to buy enough political support to pass the bill. Some people are going to become very wealthy from cap-and-trade, but it isn't going to be consumers.

Supporters of Waxman-Markey are now claiming it won't cost anything and have found official support for their claim. The Environmental Protection Agency and the Congressional Budget Office have estimated that it will cost each of us only pennies to reduce emissions drastically with Waxman-Markey. We can save the planet "for the cost of a postage stamp" a day--or even less.

If that were true, why did Democrats on the Energy and Commerce Committee defeat Republican amendments to suspend Waxman-Markey if gasoline reached five dollars a gallon or electric rates doubled or unemployment topped fifteen percent?

The debate on the bill is ongoing. Though it has passed the House, it must pass a few more steps before it is forcibly imposed on Americans. Of course, if it's ever enacted, the joke will be on all of us.