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Suicide of the American Economy?

A "special" from the Washington Examiner reports:

“The highly publicized Waxman-Markey cap-and-trade bill (H.R. 2454) cleared the House Friday afternoon by a roll call vote of 219 to 212. (211 Democrats were joined by 8 Republicans)

“Proponents hailed its passage as a crucial step towards the creation of what prominent Democrats have called a new green energy economy.

“The bill's opponents, which included 168 Republicans and 44 Democrats, insisted that the legislation would raise consumer energy prices and would have negligible effects on global climate change.”

Reuters reports:

“At the core of the bill, which is around 1,500 pages long, is a "cap and trade" program designed to achieve the emissions reductions by industry.

“Under the plan, the government would issue a declining number of pollution permits to companies, which could sell those permits to each other as needed.”

Rep. Bob Goodlatte (R-Va) concluded his remarks saying, “We do not support this kind of suicide of the American economy," according to the “Briefing Room” blog of “The Hill” newspaper.

For background on “cap and trade,” see yesterday’s growls, which includes numerous linkks. We’ll growl more about this vote in the days ahead. In the meantime, House “roll call” number 477 provides the list of “yeas” and “nays” from this evening’s vote, which concluded at 7:17 PM. You can also watch the debate thanks to C-SPAN.


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