From the US Senate Committee on Enviroment and Public Works
Carbon caps, according to reams of independent analyses, will severely damage America’s global economic competitiveness, principally by raising the cost of doing business here relative to other countries that have no mandatory carbon policies. So jobs and businesses will move overseas, most likely to China. This so-called “leakage effect” would tip the global economic balance in favor of China and other strategic competitors of the U.S. Clearly, unilateral U.S. action redounds to the benefit of China and to the great detriment of the U.S.
By itself, China has a vested interest in swearing off carbon restrictions, in order to keep its economy growing and lift its people from poverty. Add unilateral U.S. action into the mix, and we give China an even stronger incentive to oppose mandatory reductions for its economy.
Answer by grlygrlz2 at 7:45 AM on Jun. 30, 2009
So, we are borrowing money from China currently. They are able to produce goods at a less expensive cost compared to America. If cap and trade PASSES, they will produce at a lower cost while US produce Goods will cost more. Are you prepared to let the divide get bigger?
Someone who SUPPORTS Obama's Cap and Trade bill, EXPLAIN to me WHY?????????? Isn't there a BETTER WAY? A way that supports American businesses and industry? Or are those who support it, ok if MORE jobs go to places like China and India (who have no emissions restraints).
Answer by grlygrlz2 at 7:51 AM on Jun. 30, 2009
Answer by Anonymous at 8:29 AM on Jun. 30, 2009
Answer by Carpy at 8:39 AM on Jun. 30, 2009
Answer by Ibelongtojesus at 8:41 AM on Jun. 30, 2009
Yes, but isn't that the idea?
Hope ya got your Holy Quarans handy.
Answer by mustbeGRACE at 8:44 AM on Jun. 30, 2009
Answer by grlygrlz2 at 8:46 AM on Jun. 30, 2009
Answer by Carpy at 8:53 AM on Jun. 30, 2009
Answer by grlygrlz2 at 8:59 AM on Jun. 30, 2009
Answer by Anonymous at 9:19 AM on Jun. 30, 2009
Next question overall
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