I’m going over a leaked copy of the Kerry cap-and-trade legislation to be rolled out at tomorrow’s 1:30 (eastern) press conference — with lots of big business on the dais licking their chops at the wealth transfer in return for their political support. (Read: “cover” — or so Kerry et al. think. We shall see).

In the meantime, I have a take on the lesson for us from Europe amid this debate over at Energy Tribune, written over the weekend but consistent with an emerging meme: we are willfully rushing headlong into the same debt, through the very same mandates, that has broken Europe. The system doesn’t work. And our political class doesn’t care. They’ve got a fundamental transformation to impose — as I describe in Power Grab. It’s not too late to learn their plan and their tricks.