Waxman Markey: the politics of lose/lose

The American Clean Energy and Security Act, currently slithering its way through congress will provide neither clean energy nor security to Americans. What it will provide is dramatically higher prices for virtually everything in the entire American economy. The bill, better known as the Waxman-Markey bill in honor of its authors, is a mishmash of confusing and politically correct provisions that were designed under the guise of stopping global warming. Of course, not even the bill’s authors really believe that any one provision in the 1,000 page behemoth will reduce the earth’s temperature by so much as 1/10th of a degree Fahrenheit.