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View Diary: A Dose of Reality — In Other Words, I Trust President Obama (528 comments)

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  •  I voted for the Democrats who were there (12+ / 0-)

    But for one thing, I don't think the net effect of cap and trade will be wholly regressive - some workers would be hurt but other manufacturing jobs would be created.  The issue is probably regional.  Coal country is screwed, but they have hydrofracking to blame, not the mythical Obama "war-on'coal."  

    The health effects of pollution largely fall on the poor, too, so there's that.

    Difficult, difficult, lemon difficult.

    by Loge on Mon Dec 31, 2012 at 12:17:22 PM PST

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    •  And the poor will be more affected (12+ / 0-)

      by climate change.  Already are.

      The revolution will not be televised. But it will be blogged, a lot. Probably more so than is necessary.

      by AoT on Mon Dec 31, 2012 at 12:43:42 PM PST

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    •  That's the argmtn that certain Dems in MN used. (2+ / 0-)
      Recommended by:
      Laconic Lib, Nada Lemming justify the regressive increases in sales and gambling taxes to build a new stadium for the Vikings.

      They acknowledged the regressive nature of the tax hikes.  But they argued that in the near term, construction jobs will be created.

      That being said, can anyone honestly defend regressive taxes for a football stadium?

      Nor should any Dem be forced to defend cap and trade or a carbon tax on the basis of climate change.

      Especially when the US per/capita CO2 emissions have decreased 5% since 1990.

      Learn about Centrist Economics, learn about Robert Rubin's Hamilton Project.

      by PatriciaVa on Mon Dec 31, 2012 at 02:01:41 PM PST

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      •  bad analogy (8+ / 0-)

        compare cap and trade for carbon to other cap and trade systems.  they work.  look at what they did with CFCs.  The argument re stadiums is that something that's overall regressive is mitigated by the creation of construction jobs.  Nobody concedes this with respect to cap and trade --the only thing that's regressive is the massive transfer of wealth from the poor to the rich under the current system, where carbon polluters force others to bear the costs of their pollution.  Not the case with a stadium.  You're in over your head.

        Difficult, difficult, lemon difficult.

        by Loge on Mon Dec 31, 2012 at 02:28:16 PM PST

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