New Hampshire Pounds First Nail in Cap-and-Trade Coffin

New Hampshire made news. Common sense from New England prevailed. The first state to repeal the disastrous cap-and-trade tax system has made its voice heard.

Lisa Who?

A regional cap-and-trade system, called the RGGI, was the brainchild of Lisa Jackson. Who's Lisa Jackson? New Jersey greenies will remember her as their state EPA guru.

Cap-and-trade permits were part of her plan. So was making money from trading the permits. She sold the idea to industries that would buy up the permits then sell them at profit when the federal bill passed. The federal didn't pass, however.

A market in carbon?

The Regional Greenhouse Gas Initiative included ten states among its members. New Hampshire was one. The Initiative was a cap-and trade system for power plants only. It required a market in carbon credits that could be bought and sold.

Carbon is a commodity that nobody wants, but governments schemed to make a market of the stuff. It's a clever way to make money from nothing. No surprise there. Governments don't make anything anybody wants.

As in any market, sellers sell what buyers want to buy because they don't have it. In this case, sellers are the government selling the permits, which they printed up, in exchange for the dollars of power plants wanting to stay in business. Does this sound like a political ploy to make money?

By the way, power plants just pass the cost of carbon permits on to customers, who pay more for energy as a result. Have you noticed your heating bills going up? Blame it on global warming and carbon permits, both Ponzi schemes designed by politicians.

New Hampshire's not buying

While Ms. Jackson sold the RGGI idea to the ten states, New Hampshire state representatives voted it down this week. The repeal of a cap-and-trade measure marks the beginning of reversals in the region and on to the nation. New Jersey is likely to follow the lead in repealing what is really a tax on energy paid for by people. And a welcome opposition to oppressive cap-and-trade policy on the national level.

Check your heating bill

In the end, without such reversals, consumers pay more for fuels, taxpayers pay more tax, politicians make money, and the people get poor. All are happening as we speak, unless we speak up, as they did in New Hampshire.

Could this first nail in the cap-and-trade coffin break the bondage of usurious energy taxation? We'll see. It will be reflected in your household heating bills.

Source: http://dailycaller.com/2011/02/23/new-hampshire-smacks-down-cap-and-trade/