Posted by
Katy Grimes on Tuesday, November 10, 2009 7:04:47 PM
Little known facts about the Cap-and-trade bill that will allow President Obama to nationalize any industry:
Washington Examiner: Both the Waxman-Markey cap-and-trade energy approved earlier this year and the version just okayed by Sen. Barbara Boxer’s Senate Environment and Public Works Committee’s Democrats (Republicans boycotted the vote) contains an obscure but nasty bureaucratic provision that requires President Obama to act like Venezuelan strong man Hugo Chavez.
Here’s how: The bills require a federal declaration of a “climate emergency” if world greenhouse gas levels reach 450 parts per million. Guess what? The Pacific Northwest National Lab says it is a virtual certainty that level will be reached within a few months. The bill then requires the president to “direct all Federal agencies to use existing statutory authority to take appropriate actions...to address shortfalls" in achieving needed greenhouse gas reductions.
When Vitter asked EPA Administrator what would be done in such a situation, she refused to say. So it must be asked: Would the president be empowered to do things like nationalize whole sectors of industry, ban coal use, restrict private automobile use, or whatever else the “emergency” requires?
The Examiner's David Freddoso reports that Sen. David Vitter, R-LA, is holding a news conference later today concerning this provision. Vitter wonders if companies that support cap-and-trade in the hope they will profit from going green realize what could happen to them soon after enactment. More to the point, we wonder what the American people will do when they realize what is actually going on here.
Climate bills give Obama emergency strongman powers.