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The bureaucracy of Cap and Trade--who is really going to benefit?

Not the American citizens. Emissions permits will be required and those come at a huge cost to business, industry, agriculture and to US! The claim is that those who don't meet the emissions of their permits can then trade the unused emissions to business and industries that need to go over the emissions limits granted by their permits. So how does this resolve anything, one business is just providing additional emissions to another who is going over the emissions they are allowed. Then supposedly the trade part comes by auctioning those permits (traded on the stockmarket) from which any profits are supposed to fund assistance to low income and poor families who can't afford to pay their utility bills! So, what we have is supposed money that will provide assistance for only a few who will ultimately have to meet eligibility guidelines. Make $5.00 too much--sorry no help!

Answer Question

Asked by Anonymous at 2:34 PM on Jun. 27, 2009 in Politics & Current Events

Answers (9)
  • Here is a great video by the Center for American Progress (oh, yeah sure, progress we can all count on). Obviously this is a group that is all for Cap and Trade, but it details what the program is supposed to do.


    Answer by Anonymous at 2:36 PM on Jun. 27, 2009

  • follow the money, thats what its all about.

    Answer by Carpy at 2:38 PM on Jun. 27, 2009

  • I wondered how buying credits so they could pollute would help. It's seems more obvious that If they are going to have to pay for it they will probably go ahead and get their moneys worth. If they choose to spend the money to be able to run without having to buy many or any credits that sure will put a wrench in tthe governments money bag. It's all for the money. For all of those who believe it will cost $100 or so a year, why would they tell us upfront that the poor will get some kind of monetary help with the cost? I hardly think they need extra help with $8 a month.

    Answer by itsmesteph11 at 3:03 PM on Jun. 27, 2009

  • china and india will benefit. they both refused to get on board with it.

    Answer by Carpy at 3:33 PM on Jun. 27, 2009

  • I hear each day of the idiotic things the Democrats want to do and wonder why anyone thought Bush was stupid. I did not agree with him but compared to Obama and the Dems in control he was a freaking genius. I would guess Obamas friends will benefit from this in some capacity.

    Answer by Anonymous at 3:41 PM on Jun. 27, 2009

  • This, first of all, is based on nothing more then a dream and conjecture. It is not based on any facts because there are no other countries in the world that have this kind of energy program. It would be like me telling you to turn your thermostat up to 80 degrees and it won;t cost you more then a few dollars. When the bill comes it is a different story. The government cannot provide credits and vouchers to anybody because WE HAVE NO MONEY. Many businesses will go out. Many jobs will be lost. Utilities will raise rates as will trucking, groceries, gas. No one will be able to predict what the actual rate will be because there is NOTHING to base it on. Many of us will have to cut back even more. And, remember, this bill and its laws will affect ALL Americans. Not just businesses. READ THE BILL. PAGE BY PAGE!!!!!! Get informed!!!!!!!

    Answer by foreverb3 at 5:26 PM on Jun. 27, 2009

  • Notice How GE took Stimulus MOney. And How GE is one of the KEY players in alternative energy development. And how While other comapnies who took bailout losts CEO's, had to make strict cuts and restrictions, but GE had to do nothing??? GE is set to make BILLIONS off of cap and trade, and some liberals who follow Obama blindly are looking the other way. Sad Fools they are...

    Answer by grlygrlz2 at 5:37 PM on Jun. 27, 2009

  • Here's my question....... why are we bothering??? If other countries, whether they pollute more or less than we do, aren't going to do the same thing, then what, exactly, are we saving??? Not a darn thing!!! If it is just us and a few countries in Europe, there isn't going to be any change at all. It won't do anything except make us pay higher utility and gas bills but won't do diddly-squat to improve or help the environment. The only way this would even help a fraction of a bit is if EVERY country was on board and doing the same thing, and since they aren't why should we be the one's to suffer?

    Answer by Anonymous at 7:02 PM on Jun. 27, 2009

  • Buying credits in order to pollute is equal to beating your dog but donating to the animal shelter. It does NOT even out, the dog is still abused.

    Answer by mancosmomma at 8:32 PM on Jun. 27, 2009

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