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Friday, July 17, 2009

obamessiah's protectionism

Former US Ambassador David Wilkins exposes the waxman markey protectionism act ( cap and tax). obamessiah and the dems are not a free traders.

The United States Senate is now considering a sweeping climate-change bill that squeaked out of the House of Representatives by a razor thin, seven-vote margin. The mammoth 1,400-page bill passed in the House despite the fact that few members actually read it. A majority of Americans rightly fear what could be its devastating consequences.

A careful reading of the Waxman-Markey bill makes it clear that its potential damage reaches far beyond the U.S. border. If enacted in its current form, it would irrevocably harm Canada and the trade that has been the hallmark of our bilateral relationship.

A last-minute amendment inserted into the bill would tax goods that the United States imports from countries that refuse to adopt carbon-reducing measures. Congressional supporters say it was inserted to level the playing field for U.S. companies who would likely pay dearly for compliance costs under the bill’s cap-and-trade provisions. But Canada’s environment minister, Jim Prentice, has it right when he denounced the practice as “green protectionism.”

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