Friday, June 26, 2009

Cap & Tax

One thought just hit me. I am hearing reports of studies that conclude this cap & trade bill currently being debated on in the House of Representatives will drive energy prices anywhere from 50%-88% over their natural levels.

Now, I hope those numbers will discourage the passage of this bill right now.

What do you think when that comes to pass the government will be blamed for the price increases? Does government taxation & regulation ever take the blame for increases in price?