For conservatives who would like to think the whole government should be handed over to the liberals for a few years until the Reagan wing of the Republican Party can get its act together, a quick look at a monstrosity under consideration by Congress is in order. Liberal Democrats and "green" Republicans are proposing a massive reorganization of the American economy to fight so-called global warming. Worse yet, proponents of this bill are attempting to sell this eco-socialism as a "market-based" policy, and their allies in the national media are going along with the charade.
For decades now, the media have shoved down our throats the idea that Planet Earth is in grave peril of catastrophic global warming. Now that Washington's elites feel confident that everyone from McCain to Obama agrees that doom is imminent, it's time to push something they call "cap and trade." Put an emphasis on the "cap." That means that the federal government is aspiring to dictate for every individual and business in America the absolutely perfect level of carbon-dioxide emissions. Once the government mandates how much emission will be allowed, then it will allow the public to "trade" on the rights that remain. The sponsors on this power grab are independent Sen. Joe Lieberman and the walking poster child for term limits, so-called Republican John Warner.
Remember the Hillary Clinton health-care plan of 1993? It's deja-vu time. The media will sell this bill as an important solution that absolutely everyone who considers himself a responsible citizen will support. Virtually absent from the discussion will be the cost, both financial and in the loss of freedom. If either of these prices are covered, they will be vastly underestimated.
A Heritage Foundation analysis is sobering. If you think Katrina was an expensive proposition, consider that according to Heritage, the economic damage of the bill would equal the cost of "660 hurricanes -- 35 per year -- for two decades." Don't expect that statement to make it on the evening news. The Congressional Budget Office (CBO) says Lieberman-Warner would effectively raise taxes on Americans by more than $1 trillion over the next 10 years. That won't be a headline in USA Today, either.